(Update): NFCU MORE REWARDS AMEX *DENIAL*

[AverageJoesCredit]

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@Aim_High wrote:

(*UPDATE*)

I got an email reply from Navy FCU to my snail mail reconsideration request.

In a nutshell, *DENIED*.   

It sounds like a coronavirus rationale for the most part.

I'm not totally surprised but at least a little disappointed, of course! 

More gardening in my future!

Text of the message:

We received your reconsideration request to your recent credit card application that was not approved. 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. Please bear in mind that we’ll review your credit card account periodically for opportunities to automatically increase your credit limit, based on your creditworthiness and account performance.

We conducted a second review of your application after it had been resubmitted.   However, upon further review, we have determined that we must stand behind our original decision ... We regret that we are not able to reach a more favorable decision at this time.

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Sorry @Aim_High  i know it stinks but least you tried. Ive come to point i just take any Navy denial with a grain of salt and hopefully in future they serve a dish that taste wonderful with that grain of salt

[coldfusion]

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@AverageJoesCredit wrote:

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@Aim_High wrote:

(*UPDATE*)

I got an email reply from Navy FCU to my snail mail reconsideration request.

In a nutshell, *DENIED*.   

It sounds like a coronavirus rationale for the most part.

I'm not totally surprised but at least a little disappointed, of course! 

More gardening in my future!

Text of the message:

We received your reconsideration request to your recent credit card application that was not approved. 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. Please bear in mind that we’ll review your credit card account periodically for opportunities to automatically increase your credit limit, based on your creditworthiness and account performance.

We conducted a second review of your application after it had been resubmitted.   However, upon further review, we have determined that we must stand behind our original decision ... We regret that we are not able to reach a more favorable decision at this time.

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Sorry @Aim_High  i know it stinks but least you tried. Ive come to point i just take any Navy denial with a grain of salt and hopefully in future they serve a dish that taste wonderful with that grain of salt

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Or one could just use that grain of salt to help make a mean margarita.

[M_Smart007]

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@coldfusion wrote:

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@AverageJoesCredit wrote:

---

@Aim_High wrote:

(*UPDATE*)

I got an email reply from Navy FCU to my snail mail reconsideration request.

In a nutshell, *DENIED*.   

It sounds like a coronavirus rationale for the most part.

I'm not totally surprised but at least a little disappointed, of course! 

More gardening in my future!

Text of the message:

We received your reconsideration request to your recent credit card application that was not approved. 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. Please bear in mind that we’ll review your credit card account periodically for opportunities to automatically increase your credit limit, based on your creditworthiness and account performance.

We conducted a second review of your application after it had been resubmitted.   However, upon further review, we have determined that we must stand behind our original decision ... We regret that we are not able to reach a more favorable decision at this time.

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Sorry @Aim_High  i know it stinks but least you tried. Ive come to point i just take any Navy denial with a grain of salt and hopefully in future they serve a dish that taste wonderful with that grain of salt

---

Or one could just use that grain of salt to help make a mean margarita.

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Never had a "mean margarita" .. will have to look into that.

[Aim_High]

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@M_Smart007 wrote:

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@coldfusion wrote:

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@AverageJoesCredit wrote:

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Ive come to point i just take any Navy denial with a grain of salt and hopefully in future they serve a dish that taste wonderful with that grain of salt

---

Or one could just use that grain of salt to help make a mean margarita.

---

Never had a "mean margarita" .. will have to look into that.

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I think you have to use this,

@M_Smart007  @coldfusion   

[Anonymous]

Hello,

I also got denied for the NFCU Amex more rewards card and email them for the reconsideration. I got the same denied message that I've reached NFCU maximum unsecured credit limit. I also have the NFCU platinum card over the last few years but have used it for balance transfer purposes. My credit limit was $20K when I asked for a CLI and was denied at first for the same reason but later got approved for another $2500 as a one time courtesy. My experience with NFCU is persistence works...Back to the Amex more rewards, I asked them if they can transfer $10K limit from the Platinum card since I just paid it off and have $22.5K credit limit that I don't use. They agreed and open the Amex card for me with a credit limit of $10K.  This is much more beneficial for me because there's a promotion of 30K points if you charge $3K in 90 days to the card. If you're willing to transfer your CL around, you're able to get the Amex card and I'm sure with good Payments history, you'll get a CLI as well on the new card! 

[cashorcharge]

Congratulations that you got it worked out!  Perhaps not the way you had hoped but another step in the right direction I would say.

[M_Smart007]

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@Anonymous wrote:

Hello,

I also got denied for the NFCU Amex more rewards card and email them for the reconsideration. I got the same denied message that I've reached NFCU maximum unsecured credit limit. I also have the NFCU platinum card over the last few years but have used it for balance transfer purposes. My credit limit was $20K when I asked for a CLI and was denied at first for the same reason but later got approved for another $2500 as a one time courtesy. My experience with NFCU is persistence works...Back to the Amex more rewards, I asked them if they can transfer $10K limit from the Platinum card since I just paid it off and have $22.5K credit limit that I don't use. They agreed and open the Amex card for me with a credit limit of $10K.  This is much more beneficial for me because there's a promotion of 30K points if you charge $3K in 90 days to the card. If you're willing to transfer your CL around, you're able to get the Amex card and I'm sure with good Payments history, you'll get a CLI as well on the new card! 

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Congratulations on your CLI

[M_Smart007]

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@Aim_High wrote:

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@M_Smart007 wrote:

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@coldfusion wrote:

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@AverageJoesCredit wrote:

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Ive come to point i just take any Navy denial with a grain of salt and hopefully in future they serve a dish that taste wonderful with that grain of salt

---

Or one could just use that grain of salt to help make a mean margarita.

---

Never had a "mean margarita" .. will have to look into that.

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I think you have to use this,

@M_Smart007  @coldfusion   

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Looks interesting, to say the least

[Anonymous]

Hi, is that a SP when you did the request? Thank you for the information. When you received your new card,  that benefits whatever it offers at the time are still intact just like applied for a new card (not credit transfer from other card) right?

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@Anonymous wrote:

Hello,

I also got denied for the NFCU Amex more rewards card and email them for the reconsideration. I got the same denied message that I've reached NFCU maximum unsecured credit limit. I also have the NFCU platinum card over the last few years but have used it for balance transfer purposes. My credit limit was $20K when I asked for a CLI and was denied at first for the same reason but later got approved for another $2500 as a one time courtesy. My experience with NFCU is persistence works...Back to the Amex more rewards, I asked them if they can transfer $10K limit from the Platinum card since I just paid it off and have $22.5K credit limit that I don't use. They agreed and open the Amex card for me with a credit limit of $10K.  This is much more beneficial for me because there's a promotion of 30K points if you charge $3K in 90 days to the card. If you're willing to transfer your CL around, you're able to get the Amex card and I'm sure with good Payments history, you'll get a CLI as well on the new card! 

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[coldfusion]

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@Anonymous wrote:

Hi, is that a SP when you did the request? Thank you for the information. When you received your new card,  that benefits whatever it offers at the time are still intact just like applied for a new card (not credit transfer from other card) right?

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As a note, the member you quoted has not logged onto this site since last October.  

If you're thinking that you would be able to use this technique to acquire a new card without taking any HP this won't work.    You need to apply (and take a HP) for and be denied for the card and then request a reconsideration, and you may need to offer to have some credit limit reallocated from an existing donor card.   A successful reconsideration isn't guaranteed but as the data point above shows sometimes it can work.  This isn't just a NFCU thing either,  other issuers like Chase will also sometimes do it; BoA will sometimes approve a card by reallocating CL from an existing card (and not informing the applicant they have done it until after the fact).

If you acquire a card in this fashion you get the full benefits, just as if you had applied and were approved in the normal fashion.