Recently added my son as a More Rewards cardholder to get his credit journey started. He has had a joint account at NFCU since he was 14. I allocated a small portion for his limit and then thought about asking for a CLI. $1000 requested and I see from the available that it was approved. Regret not asking for more as this has become my most used NFCU card.
Approved for my More Rew in Jan 2021 and finally got my 3rd full stmt May 14. Saturday I applied for CLI and a 2nd card. Both under review.
Back in Jan I was denied for this card and had to recon in the app, so at least no outright denial this time around.
@collics wrote:Approved for my More Rew in Jan 2021 and finally got my 3rd full stmt May 14. Saturday I applied for CLI and a 2nd card. Both under review.
Back in Jan I was denied for this card and had to recon in the app, so at least no outright denial this time around.
Best of luck @collics
Give them a few business days to get back to you!
Fingers crossed! 🤞
Second card approved! Highest limit ever. No word yet on the CLI on first card. Either way very happy with this outcome!
Very nice SL Collics!
🍻 Congratulations on your Cash Rewards approval!
Does this mean you will be going for a 3rd Navy card before the end of this year!
🍻 Congratulations on your Cash Rewards approval!
Does this mean you will be going for a 3rd Navy card before the end of this year!
@Credit4Growth THANK YOU!
Haha good question. I was trying to do this garden thing since I've had 4-5 new accounts in the past year. I have so many inquiries it's ridiculous. Hopefully I can hold out a full year 
@collics wrote:Second card approved! Highest limit ever. No word yet on the CLI on first card. Either way very happy with this outcome!
That's the Navy we all love!
Congrats on a fantastic CR approval and good luck with the CLI!
@DesertWanderer wrote:Hey everyone! Does NFCU provide any sort of communication if they deny a CLI? I opened a Go Rewards in 12/2019 with a $900 CL. On 4/2020 they approved me for a Flagship with a CL of 25K. I have never requested a CLI on either card, been in the garden, and my fico scores have gone up quite a bit since my last approval (high 700s, low 800 across the board). Income, spending, DTI ratio has all stayed the same.
I requested the CLI on the Go Rewards Sunday night and nothing has happened either way. I'm okay if I am at the max they want to give me across all cards, I am just hoping for definitive yes/no on the CLI. Their site and other posters have stated it usually takes 1-2 days for a decision. Should I just assume the CLI was denied? Will they send a letter through my account or snail mail? The funny thing is, while I know their preapprovals should be taken with a grain of salt, it does say I am approved for all of their cards.
Happy Tuesday!
I wanted to follow-up on my post from last week to to get the opinions of others. I received my letter in the mail that stated my CLI was declined as I am at the max amount for unsecured lines. They also sent me the following through my account mail system:
The date of the score used was 05/05/2021. We have completed a second review of your request. Based on our lending criteria you have the maximum credit line we can currently offer you. Similar to other lenders, we periodically review our lending policies, including the amount of credit card credit lines we approve, and make adjustments to reflect economic risks. In response to the current pandemic's impact on the U.S. economy, Navy Federal has scaled back the amount of credit extended to credit card applicants. As economic conditions improve, we may adjust our policies accordingly.
My question is what is the criteria used to determine the max credit line they will be comfortable with? Is it credit score, income, internal score, DTI, age of profile, combination of all of the above. I guess I am just curious if it is based strictly on income and ability to repay; therefore, my max wouldn't be increased until I get some more pay raises! lol. My current unsecured line of credit with Navy is $25,900 ($900 on first card, $25,000 on second).
Here are my DP's if it helps:
801 EX, 776 TU, 795 EQ (all F8 scores), no baddies, lates, derogatories
Utilization around 1-2%, PIF every month
Income 75k
AAoA - 7 years
