Navy Federal cli or new cc?

[Anonymous]

I was approved for a Navy Fed rewards green cc w/$1000 cl 3 months ago. I want to apply for cli of $25k. Do I have a better chance of getting that cli or should I just apply for a new Navy Federal cc? And if so if one cc easier to be approved for than the next with Navy Fed? I tried to apply for a 2nd card a week later of my first and got a letter saying it was too soon I was too new.

[Anonymous]

Navy tends to grant 3X CLIs at the most from what we have seen. If you have a second card you're interested in, I would app the CLI and wait until you get the response (these usually go to review) and then apply for the second card. If you go second card first, you may get denied the CLI for hitting the maximum limit they are comfortable with. 

The only card that has different underwriting criteria is the Flagship which has a $5K minimum SL and other criteria. cashRewards, More Rewards, Go Rewards, and Platinum all are said to have the same criteria so just pick the one that meets your spend the best. 

[AllZero]

You need 91/3. 91 days and 3 statements to be eligible.

2nd card might lead you to higher credit line.

CLI might be 3x current credit line.

CCs have same requirement except Flagship. FS is a 5K minimum credit line. Not good as a first card, might be good as a 2nd card depending on your profile.

[Anonymous]

Thanks so much I am new to this cc thing!

[Anonymous]

Thanks

[Anonymous]

Saeren I see you have the Platinum was that the second Navy Federal card you got? And was the 12k cl your opening cl or did you build up to that? Al's how long after the first Navy Federal card dd you get approved for the Platinum?

[Anonymous]

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@Anonymous wrote:
Saeren I see you have the Platinum was that the second Navy Federal card you got? And was the 12k cl your opening cl or did you build up to that? Al's how long after the first Navy Federal card dd you get approved for the Platinum?

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Here was my NFCU timeline:

9/2018 - approved cashRewards $3K SL

12/2018 - approved CLI on cashRewards to $7500

12/2018 - approved new Platinum card $7200

12/2018 - approved CLOC $500

1/2019 - moved $5500 from cashRewards to Platinum (did this with a secure message)

They are generally pretty easy to work with. 

[Anonymous]

Hi!  I just went thru this same dilemma and this is how it went for me:

I got approved for the cash rewards card ($1K) in June, my 91 days was September 7th but my third statement hadn't cut until September 21st.  I really wanted the Flagship for the travel benefits but I was nervous I wouldn't get approved for the $5k minimum so I apped the platinum and got approved for $20k.  I then called NFCU and told them I apped the wrong card and wanted to product change to the Flagship.  I received my Flagship card in the mail this week just waiting on them to reverse the annual fee.  I also applied for a cli on my cash rewards card on September 21st and I was denied.  I would try apping for a second card.  

Good luck!   

[Anonymous]

Thank you so much mscreditworthy!!