(Update): NFCU MORE REWARDS AMEX *DENIAL*

[Anonymous]

It was a hard pull when I received the card. My Fico score did dropped a few points because of it. However, looking back now. A temporary 3 points drop in the short term to 90 point gain since then is well worth it. I got all the benefits of a new card. After 90 days of account opening and paying the balance off each month; I asked for a CLI, I got a denied message stating that I've reached my maximum unsecured credit with NFCU. However, I just nocited that they automatic raised my credit limit back in December by 3K. That was like an unexpected Christmas gift. I have to say that all hope is not loss with NFCU. From my experience, denial is just temporary. Furthermore, CLI has always been a Soft pull so I am not left undefeated with a denial and a ding to my score.  As long as you're responsible using your credit card and making payments, it's easier to get a CLI from NFCU than other CC companies like CapitalOne for example. 

[Anonymous]

Hi Aim_High, I followed your advice regarding the NFCU More Rewards Amex. I got lucky though and they approved me for $7900 with $7000 BT.

I posted it here.

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/3RD-Navy-Federal-Credit-Card-SL-7900/td-p/627...

Do you think my history with NFCU help a lot? When I saw my Fico 9 score gone up to 816 yesterday I applied for it right away.

Data points:

Your Credit Limit$7,900.00

Your APR9.65%

Balance Transfer: 1.99% for 12 months

Current score:

Score: (Mar 3, 2021)from MyFico

EQ Fico 8 792, Fico 9 816 (NFCU score)

TU Fico 8 789

EX Fico 8 768

Inquiries at the time of application of the last 2 years

TU Inq: 1

EQ Inq: 6

My NFCU history:

NFCU Flag: $0.00 (from $7200 high last month, not reported yet. Reported at around ~$5300 last month), APR 11.49 (lowest at the time)

Current NFCU Plat: $1032 (from$6700 high last month, reported at ~%5300 last month). APR 8.99 (Lowest at the time)

Will be paid off before the next statement.

Current Auto Balance: $39100, Refinance at $66000

Personal Loan Balance (2015): $6000, 72 months loan. Paid in 48 months.

My average payment transaction with NFCU is between $8000 to $11000 per month.

[Aim_High]

---

@Anonymous wrote:

Hi Aim_High, I followed your advice regarding the NFCU More Rewards Amex. I got lucky though and they approved me for $7900 with $7000 BT.

I posted it here.

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/3RD-Navy-Federal-Credit-Card-SL-7900/td-p/6270025

Do you think my history with NFCU help a lot? When I saw my Fico 9 score gone up to 816 yesterday I applied for it right away.

Data points:

Your Credit Limit$7,900.00

Your APR9.65%

Balance Transfer: 1.99% for 12 months

Current score:

Score: (Mar 3, 2021)from MyFico

EQ Fico 8 792, Fico 9 816 (NFCU score)

TU Fico 8 789

EX Fico 8 768

Inquiries at the time of application of the last 2 years

TU Inq: 1

EQ Inq: 6

My NFCU history:

NFCU Flag: $0.00 (from $7200 high last month, not reported yet. Reported at around ~$5300 last month), APR 11.49 (lowest at the time)

Current NFCU Plat: $1032 (from$6700 high last month, reported at ~%5300 last month). APR 8.99 (Lowest at the time)

Will be paid off before the next statement.

Current Auto Balance: $39100, Refinance at $66000

Personal Loan Balance (2015): $6000, 72 months loan. Paid in 48 months.

My average payment transaction with NFCU is between $8000 to $11000 per month.

---

Congrats on your More Rewards approval, @Anonymous!  😁

You have a long and complex Navy relationship so it probably did help!  I'm wondering, since this was card #3, if maybe your total debt or DTI held you back from an even higher limit, but a $7900 approval is still great!  And we all know how Navy cards can grow.  Enjoy that More Rewards! 

[Anonymous]

Hi, thank you for the reply. Yes, I think my DTI is still quite high because of my truck and house payments. Once my credit card debts are resolved within 15 to 18 months, I will pay at least double payments on my truck.

[Anonymous]

An update:

Aim_High,

  NFCU auto cli my More Rewards Amex card by $2000 from $7900 to $9900 before I able to apply for CLI. That same day, when I about to apply I saw a notification saying that my credit limit was increased. I sent a secured message to get more CLI through nfcu app but they told me it was decided and they cannot change it. I guess I have to wait until Dec or Jan to ask for another CLI.