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Navy Federal Thread for CLI and Additional Cards

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Valued Member

Re: Question about NFCU 2nd Card at 91/3 after 1st Card

Congrats 

Message 11691 of 11,964
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Community Leader
Mega Contributor

Re: Question about NFCU 2nd Card at 91/3 after 1st Card

Thats aMAIZing @MaizeandBlueSmiley Happy Everytime i go for 2nd plat , Navy throws me off the shipSmiley Wink
Message 11692 of 11,964
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Senior Contributor

Re: Question about NFCU 2nd Card at 91/3 after 1st Card


@AverageJoesCredit wrote:
Thats aMAIZing @MaizeandBlueSmiley Happy Everytime i go for 2nd plat , Navy throws me off the shipSmiley Wink

@AverageJoesCredit   I hope you are not one of those carrying the guillotine to the Governor's mansion.

 

Your time is coming.  I knew you could have 2 of the same cards but I thought it could only be done by converting an existing card.  I was surprised yesterday when the CSR told me that they have offers on 5 cards, and that I could apply for another Platinum if I wanted.





Message 11693 of 11,964
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Frequent Contributor

Re: Question about NFCU 2nd Card at 91/3 after 1st Card


@MaizeandBlue wrote:

I'm slightly embarrassed to post this in the Approvals section Smiley Happy  

 

About two hours ago I mustered up the courage and decided to apply for another Platinum Visa card.  I immediately got several notifications of a hard pull on TransUnion, but the Navy site showed me a message to the effect that "We are unable to process your application at this time.  Please try again later."  I was a bit annoyed that I had wasted a hard pull for nothing when I got an e-mail from Navy stating that they had received my application and that I could expect a decision in 24-48 hours.

 

Then just a few minutes ago I got another e-mail stating that my application for the Platinum Visa had been approved with a starting limit of $18,700 and an APR of 10.49%.  So now I have two Navy Platinum cards, the first one opened on 1/2/2019  has a limit of $36,000 and the APR was recently reduced to 11.49% on 1/3/2020.

 

Screen Shot 2020-01-24 at 9.05.51 AM.png


Congrats Maizie....that’s an awesome SL and APR!

Starting FICO 8 December 2017

FICO 8 as of 1/16/20



Sock Drawer:


Gardening until Mortgage closes in Mid June 2020
Message 11694 of 11,964
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New Contributor

Re: Question about NFCU 2nd Card at 91/3 after 1st Card

Ok, You're my muse, Maize...  Congrats!  I'm risking the Garden and hoping it's still SP for me here...  Going for the CLI first. 

 

Thank you for ALL the info, Everyone. 

P-S

Rebuilding is like smoking a brisket: it takes a lot of love, the right spice, and a ton of patience. You don't rush a brisket-- it goes low & slow. Sometimes, you need a crutch through the stall. In the end, the process matters
2020 Goals:
1) NO CLDs!! *(Yeah, Maybe I'm gun shy, but I feel that's a risk right about now.)
2) Garden at least until 1/2021 if not longer**
3) Pay down one pesky card to 30% (This will be tricky.)
4) Pay down ALL cards to 20%
5) Ultimately, refi the house at non-usury terms. :-)

** UNLESS I get SP assurance that I can refi a particularly onerous personal loan at a low rate.
Message 11695 of 11,964
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Senior Contributor

Re: Question about NFCU 2nd Card at 91/3 after 1st Card


@Pit-Smoker wrote:

Ok, You're my muse, Maize...  Congrats!  I'm risking the Garden and hoping it's still SP for me here...  Going for the CLI first. 

 

Thank you for ALL the info, Everyone. 

P-S


Good luck.





Message 11696 of 11,964
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Regular Contributor

Re: Question about NFCU 2nd Card at 91/3 after 1st Card

Congratulations on your approval 👏🏾💪🏾





NFCU Flagship Rewards: $15000
NFCU Cash Rewards: $20000
Discover It: $2000
My Jewelers Club: $5000
NFCU Auto Loan: $14300
NFCU line of credit: $500
Total TLs: $42500
Message 11697 of 11,964
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Established Member

Re: Question about NFCU 2nd Card at 91/3 after 1st Card

Haven't updated my sig below yet, I read post and forget.

 

QUESTION: 

Some reason NAVY FED gave me a $15K MoreRewards card, already had a $3K CashRewards and a $500 CLOC. More than I can ever dream for, but will not stop asking until they say reached internal limits. Many things got better in my sig below, except my income is the same. So believe I am already above their internal limits.

 

Next 91/3 should I ask for a CLI on my CashRewards card, take it to $9K, (hope for triple), or a third card? Or wait?

 

BTW, in the process of asking for a mortgage refinance through Navy. Paperwork done, haven't filed yet.

 

Hoping they will say, we already have $18K, (maybe $24K), unsecured with you, so $95K secured is no problem.

 

The house is worth way more, just my income only allows for a certain monthly payment.

Equifax – SECU FICO 8 & NFCU FICO 9 = 691 average.

Experian – Fingerhut FICO 8 & Experian FICO 8 = 639 average.

Transunion – Discover FICO 8 & AmEx Fico 8 = 649 average.

All three Vantage Score 3.0 averages/9 sites = 702 average.

All the above FICO are free credit scores. Vantage is nine free scores average.

Util = about 7% / DTI = about 38% / Income ~$19,500 SSD does not pay very much, I work harder at this.

NFCU cashRewards - $1000 / Home Depot - $4000 / Discover It - $3800 / AmEx Cash Card - $1000 / Cap One MC - $1000 / Sears-SYW MC - $3000 / Wayfair - $4250 / Best Buy - $3000 / Dell CC - $3000 / Big Lots - $1250 / Kohl’s - $1000 / J. Crew - $500 / Brylnhme - $700 / Fingrhut - $700.
Fingerhut only to get the free Experian FICO 8 Score.
Message 11698 of 11,964
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New Contributor

Re: Question about NFCU 2nd Card at 91/3 after 1st Card

I think standard practice when in the middle of a mortgage process is to NOT apply for ANYTHING. any little shift can knock you off target on the house.

I know that's what my originator has told me multiple times over the years. It could be out of an abundance of caution, but I used to work with her and I trust her completely. I've also seen similar sentiments expressed on boards like this... but I can't point to one this second.. you may wish to search.

Just...be very conservative and cautious when it comes to working around the mortgage period.
Rebuilding is like smoking a brisket: it takes a lot of love, the right spice, and a ton of patience. You don't rush a brisket-- it goes low & slow. Sometimes, you need a crutch through the stall. In the end, the process matters
2020 Goals:
1) NO CLDs!! *(Yeah, Maybe I'm gun shy, but I feel that's a risk right about now.)
2) Garden at least until 1/2021 if not longer**
3) Pay down one pesky card to 30% (This will be tricky.)
4) Pay down ALL cards to 20%
5) Ultimately, refi the house at non-usury terms. :-)

** UNLESS I get SP assurance that I can refi a particularly onerous personal loan at a low rate.
Message 11699 of 11,964
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Frequent Contributor

Navy fed 91/3 coming up

My first card with navy fed is the more rewards SL is/was 7,800 - I know there’s no subs going right now. I know the second card is usually the monster... what’s everyone’s experience with requesting a CLI vs a new card and what would you guys do if you were in my shoes? I definitely don’t NEED another card so there’s that, anyway, I use my sapphire preferred and more rewards for travel. The cash plus catches pretty much all of the bills that can be paid via credit card and my usb platinum still has a 0% apr till 1/2021 for any thing I want to float.

Current stats are:
1% utilization aggregate
1 card is at 73% (DGF did a balance xfer on one of her cards I’m an AU on — doesn’t report to TU though)
All other cards with a balance are 8% or less with most being under 5%

Current FICO 8’s
EQ - 768
EX - 763
TU - 790

Anything else you need or want to know just ask

Starting Score: Jan 2011-600TU 598 EQ
Current Score: 790TU 768EQ 763EX
Goal Score: 800 and higher across the board


Take the FICO Fitness Challenge

Avant 750
US Bank plat 7k
US Bank Cash+ 14k
Chase Sapphire Preferred 20k
Chase FU 6k
BB&T Bright 6.5k
BB&T Spectrum 6.5k
BB&T Spectrum2 9k
Apple Card 7.5k
Amazon Store Card 10k
NFCU More Rewards 15.8k
Home Depot 5k
Cap1 QS 2k
NFCU Flagship 25k
Tractor Supply SC 3.5k
Lowe’s 7k

AU Accounts
Discover 4k
JCP 5k
USAA 12.5k
Chase Southwest 7.9k


Inq's
EQ-16 (11 auto finance inq's)
EX-20 (10 auto finance inq's)
TU-15 ( 5 auto finance inq's)
Message 11700 of 11,964
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