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Navy Federal Thread for CLI and Additional Cards

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Anonymous
Not applicable

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD


@Anonymous wrote:

@Anonymous

 

~SIDEBAR~

 

real brief ...jus curious why you closed those Chase CC's Smiley Indifferent


I didn't close those Chase Accounts, they did (no lates ever, paid in full more often then not if not always).  They said I had too much available credit in December of 2014.  I have since moved my business banking away from them as it wasn't benefiting me.  

Message 931 of 17,187
Anonymous
Not applicable

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD


@Anonymous wrote:

@Anonymous wrote:

@Anonymous

 

~SIDEBAR~

 

real brief ...jus curious why you closed those Chase CC's Smiley Indifferent


I didn't close those Chase Accounts, they did (no lates ever, paid in full more often then not if not always).  They said I had too much available credit in December of 2014.  I have since moved my business banking away from them as it wasn't benefiting me.  


WoWSmiley Surprised... didn't see that coming??? Hope this doesn't happen to me...thks for info... really strange tactic wonder what triggers it...I mean most people have way more credit than they need,ya know

Message 932 of 17,187
odjohnson3
Regular Contributor

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD

Does the same apply for the Checking line of credit? When I first applied I was denied for a credit card....3 months later I was approved for $500 Line of Credit but I never applied for another credit card....I wanna get my utilization down before reapplying. Is the CLI guide the same for the checking line of credit?

Message 933 of 17,187
Creditaddict
Legendary Contributor

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD

No because it's always a hp
Message 934 of 17,187
creditbaaby
Contributor

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD

Quick question everyone. I opened my secured card 07/13 after being denied for gorewards. I know after 3 months I should try to reapp for unsecured, but, should I also app for CLOC and go for full amount? What are my chances?!

Starting Scores: 6/2016- EX 511 TU 506 EQ?
12/2016- EX 623 TU 643 EQ 646
07/2017- EX 624 TU 652 EQ 655
Message 935 of 17,187
Creditaddict
Legendary Contributor

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD

I'd just start with cloc at $500 request and cli later after month or two.
Message 936 of 17,187
Anonymous
Not applicable

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD

Two questions, please:

 

Are most people applying for the CLOC primarily as a utilization buffer, or do you plan to use the CLOC?

 

I was approved for both CLOC and Cash Rewards, and am happy about that. I'm not sure I will actually use the CLOC as the Navy interest rate is much higher than PLOCs I have with other credit unions.

 

Also, is it required to use the CLOC to keep it active? Thank you. Smiley Happy

Message 937 of 17,187
Creditaddict
Legendary Contributor

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD

Doesn't seem to need to be used to keep active
Message 938 of 17,187
Anonymous
Not applicable

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD


 

 

I noticed that grayarea37 indicated that he had three of the Card Rewards cards, am I reading that correctly?

 

NFCU allows multiples of the same card?  I love cash back (funny what a difference a year makes) not a big fan of other rewards.

 

I didn't follow the Creditaddict guidance of opening a second card shortly after the first (I was ecstatic and shocked just to get the first, I seriously doubt I would have gotten a second anyway) I did follow the CLI advice and at 90 days my CL went from 1k to 25k.

 

Wasn't thinking of applying for anything until January (1 yr from 7 Disc and 6 months from last credit app).

 

In this scenario when do you think would be the best time to apply for another NF card? 

Message 939 of 17,187
morgacj2004
Valued Contributor

Re: Navy Federal UPDATED CLI and 2ND ACCOUNT THREAD

I have never used mine. For emergencies only! And by that I don't mean a weekend trip to Vegas!

AX Hilton Aspire 20k, AX Bonvoy Brilliant 15k, AX BCP 2k, AX Blue Bus Cash 15k, AX Delta Air Platinum 49k, (AU) AX Delta Gold 15k, AX Amazon Prime Bus 25k, BC Uber 29k, AKUSA FCU -10k , CITI AAdvantage Exec World Elite MC 16.5k, Discover (2) 16k, Kohls-4k, VS Comenity $3k, BofA AK Air Siggy 9.8k, WF Propel AX 5k, JCP $10k PFCU Plat Rewards Siggy 39.5k, PFCU Power Cash Rewards AX 10.5k, NFCU Flagship 50k, CLOC 15k, CITI Costco 9.5k, GAP VISA Synchrony $9k,Target MC 9k, Ulta MC Comenity 9k, Pay Pal 1k, CO Venture One 23k, US Bank Radisson Rewards Signature 10k, US Bank Fred Meyers World MC, 11k, US Bank Plat VISA 15.7k, VS Comenity 2k, 240k total available credit. Utiliz-2%, Current FICO EQ-724, EX 763,TU 802 ,Chapt 7 BK D/C 11-2012. Starting scores 520-550
Message 940 of 17,187
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