@Anonymous wrote:Will navy give cli after graduation for nrewards or is the graduation considered a cli
At graduation, there should be a CLI. Perhaps, try a double dip too? NFCU Secured Graduated!!!
@credit8502020 wrote:
@M_Smart007 wrote:@newmomnewme, IF? .. you decide to go for a second card, apply for that first, then the CLI for best results.
@M_Smart007 Hi! Can you tell me the reasoning behind why someone may get better results by applying a card first and then asking for a CLI. My thought was that a higher CLI may assist in your getting a higher SL on the new card. However, I'm definitely one for best practices. I may have read it the logic behind why we should do it the way you described, but I don't recall. Thank you in advance for providing more details.
I'm not @M_Smart007 but I think I can answer that, @credit8502020. Navy has an internal scoring system that they use (separate from FICO scores) and they have internal lending limits based on your relationship with them. They love relationship, so the longer and more active of a member you are with them, the more they will loosen up the purse strings. That lending limit is relative to profile, but it's also completely separate. In other words, high FICOs and income on a new membership that more easily impress other lenders mean less to Navy.
So as they are loosening up the purse strings, if you ask for the CLI first, there may be nothing left on the table for them to give you on a second card, depending on how long you've been a member and your internal score. There is a limited amount of funds they will give any profile at a point in time, regardless of FICO or even internal score.
In my case, I was a brand new member but with high FICO and income. I was also very actively-seeking other credit. At the end of a very active year, they approved me for a Platinum card at a SL higher than many get on card one ($10K) but much less than I got on similar new cards. After getting an $8K CLI followed by a small 'covid' $500 CLI, they denied me for card number two and refused to recon it. (The small $500 covid CLI was a stupid mistake on my part. I saw the CLI request button was still visible and clicked on it out of curiosity.) So at the time, the $18.5K was my maximum lending limit, especially in the context of my newer Navy FCU relationship and my other recent applications.
The only time you get to see your Navy internal score is when they decline you for a CLI or a new card. Ironically, my Navy internal score was extremely high when they turned me down for card two so with Navy it's not all about that internal score. The denial was more due to lending limits and other new accounts.
*In the denial letter, Navy reported my internal score at 427 on a scale of 100 to 450.
@Aim_High wrote:
The only time you get to see your Navy internal score is when they decline you for a CLI or a new card. Ironically, my Navy internal score was extremely high when they turned me down for card two so with Navy it's not all about that internal score. The denial was more due to lending limits and other new accounts.
*In the denial letter, Navy reported my internal score at 427 on a scale of 100 to 450.
So I joined Navy last week. Almost immediately, I applied for a Cash Rewards card and was denied. However, there was no score (internal Navy score or even TU score) on my letter. The only reason they gave for denial is "Limited Credit Experience".
So did they not put an internal score on my letter because I was too new to have one? FWIW, I checked my reports and I don't even have a hard inquiry from the denied application... It's almost like they took a look at me and said "no soup for you -- we aren't even going to pull your credit!"
@designated_knitter wrote:
@Aim_High wrote:
The only time you get to see your Navy internal score is when they decline you for a CLI or a new card. Ironically, my Navy internal score was extremely high when they turned me down for card two so with Navy it's not all about that internal score. The denial was more due to lending limits and other new accounts.
*In the denial letter, Navy reported my internal score at 427 on a scale of 100 to 450.
So I joined Navy last week. Almost immediately, I applied for a Cash Rewards card and was denied. However, there was no score (internal Navy score or even TU score) on my letter. The only reason they gave for denial is "Limited Credit Experience".
So did they not put an internal score on my letter because I was too new to have one? FWIW, I checked my reports and I don't even have a hard inquiry from the denied application... It's almost like they took a look at me and said "no soup for you -- we aren't even going to pull your credit!"
Wow, that's rough @designated_knitter. Sorry of your denial. I'm not familiar with this scenario but perhaps others can chime in who know about this. It almost sounds like they did a soft-pull or that based on what they knew about your credit from setting up your accounts, you were already somehow flagged for no credit account. I notice your "Starting Over again..." remarks and scores in your signature. Do you have a recent bankruptcy, delinquents, charge-offs, or collections in your profile that might have spooked them? More details might help us to tell you what to expect.
@Aim_High wrote:
Wow, that's rough @designated_knitter. Sorry of your denial. I'm not familiar with this scenario but perhaps others can chime in who know about this. It almost sounds like they did a soft-pull or that based on what they knew about your credit from setting up your accounts, you were already somehow flagged for no credit account. I notice your "Starting Over again..." remarks and scores in your signature. Do you have a recent bankruptcy, delinquents, charge-offs, or collections in your profile that might have spooked them? More details might help us to tell you what to expect.
UPDATE! I just got a message that I was approved for the secured card! I'll be getting my card later this week! I'm so relieved and excited!
------------------------- whining below ----------------------
Thanks...
No bankruptcy... I had run afoul of Cap1 18 months ago and they were basically my only "mainstream" creditor. They closed 2 of 3 of my credit cards (the 3rd was a Sony card that was sold to Comenity so it was spared).
I have a thick but dirty file. 1 collection from over 3 years ago. 4 COs from 3-4 years ago. 1 30 day late from February. Other lates were over a year ago.
Flipside -- perfect payment history on all my new tradelines:
Disco -- 2000 (nearly 2 years old -- graduated earlier this year)
Sony -- 2700 (around 5 years old)
Secured Citibank -- 1000 (18 months old)
Secured USBank -- 500 (18 months old)
Paypal Credit - 1900 (1 year old)
Target red card (little over 1 year old)
was recently approved for:
Amazon Store card -- 1800
Credit One -- 800
Newegg -- 700 (realistically, shouldn't have applied for that -- Newegg has really gone downhill)
Ally -- car loan from 2015
Cap1 -- car loan
Ironically, they approved yesterday for a vehicle refinance to replace the Cap1 car loan... 16 percent interest which is high -- but still lower than what I was paying with Cap1.
Util is around 60 percent across the board... bunch of cards at 0 but a few higher.
So they did give me a credit account for my car... just not for unsecured... as I said, still waiting to see if they will give me a secured card but not optimistic.
My nRewards graduated Friday just a few days after my 6th statement. I was denied an unsecured card prior to graduation. Did ask for a CLI hoping for a double dip. No news yet. So I'm sure its no go for now. BK7 discharged in March so I probably need to hit the garden for now. 
