Official NFCU CLI Guide

[Creditaddict]

I think with income proof you could do all at once but sure your strategy sounds perfectly patient😜

[Anonymous]

[Anonymous]

Relative to NFCU offerings, it also helps to be sure we are calling NFCU products by their correct names to ensure we do not confuse anyone.

NFCU does not offer a PLOC product, although they do offer a CLOC (checking line of credit) product.

[Anonymous]

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@Creditaddict wrote:

We might need to do Official Navy Guide Part 3!:

I think getting a 2nd card is completely different with Navy now than it use to be... Take my friend who got $2900 after review on his first card and before his 2nd statement and after making a couple payments to bring him down to like $1500 from being maxed out and his score going up from 580 range to 615 range he was instantly approved for $6100 on a 2nd card.

So actually unlike in the past of getting high limit and then fall back on moving limit to get your 2nd card, I think you might be better off getting the 2nd card much earlier these days especially if you have seen a big jump in your credit... and by that I mean a jump of 20-40 points probably gets you into a new tier with you.

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CA, when you say much earlier, what do you mean? After 6 months with 1st card?

I also think it is interesting that you mentioned your friend was able to get a 2nd card, but was declined for CLI on 1st card.

[Aduke1122]

That's interesting to me also Humu but im guessing the difference is bc for CLI im told they use EQ and for new cc it's TU so if there is a big difference in scores I can see how it could happen .

[Creditaddict]

Depending what your credit is doing.
I think it's almost easier for the rebuilder credit profile to get a 2nd card within just 1-3 months because most likely the credit profile is changing that quickly.
Someone with a high $20k first card approval might have a harder time getting 2nd card right away

[Anonymous]

You are right about that, CA. NFCU has increased my CL up to 30K on my first card ( went from $1K to $30K within six months, less than a year after chapter 13) and approved me for a CLOC but refuses to give me a second credit card.  I refuse to give up though...lol. I will try again in about three months. 

[echoecho]

My recent experience pretty much points to that fact CA. VERY happy with the first approval but not so happy with the second based on my personal goals.

[Anonymous]

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@Creditaddict wrote:
Depending what your credit is doing.
I think it's almost easier for the rebuilder credit profile to get a 2nd card within just 1-3 months because most likely the credit profile is changing that quickly.
Someone with a high $20k first card approval might have a harder time getting 2nd card right away

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CA, I don't have a rebuilder credit profile (I'm just a builder here, not a rebuilder, so no negatives in my profile), but would the decision depend more on your EQ vs. TU profile?

I am wondering if that explains why your friend was able to get a new card but not a CLI. 

[Creditaddict]

Yes it seems lately we are seeing exclusive TU pulls for new credit cards and EQ for CLI, CLOC and Personal Loans