Approval for NFCU Cash Rewards

[happyelle]

Hi everyone, I've been lurking for a few months and decided to create a profile.

I joined Navy Federal last week and called a couple of days later to see if I was prequalified for anything.

The rep said all unsecured cards, so I went with the cash rewards and got $600. 

I also have the following:

Discover secured - CL $300 // 4 statements so far

Capital One unsecured - CL $1500 // 3 statements so far, app says will get CLI to $2k in Feb 2020

BMW Financial - $59,000 // opened September 2016 (traded it in)

BMW Financial - $62,000 // opened July 2019

Authorized user

Wells Fargo - CL $8,500 // opened June 2013 (DH)

Capital One - CL $6500 // opened August 2013 (DH)

I had a major financial setback in 2009 after the economy crashed. I burned AMEX & CITI business cards during that time and my SSN was attached. Everything recently fell off my credit reports back in May. I did not file a BK.

I want to increase the limit on the Navy Fed Cash Rewards and apply for my second one then put the other 2 in the sock drawer. Any advice?

Thanks!!

[AllZero]

Congratulations on your approval!

[happyelle]

Thank you @allzero!!

[AllZero]

You're eligible for CLI or 2nd card at 91 days and 3 statements from last approval.

With your starting limit, I would recommend waiting 6 months to strengthen your relationship with Navy.

[AllZero]

Do you have the Capital One platinum? If so, you can request upgrade to quicksilver: https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-check-for-upgrade-link/td-p/4934733

[happyelle]

I have a quicksilver one.

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@AllZero wrote:
Do you have the Capital One platinum? If so, you can request upgrade to quicksilver: https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-check-for-upgrade-link/td-p/4934733

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[AllZero]

^ Try the upgrade occasionally to get you out of the annual fee of the QS1.

[snickerpedia]

I am wondering if you should have selected the flagship if you were looking for a higher SL. The rep said you were approved for all unsecured and the flagship min is 5k (correct me if I'm wrong)

Congrats your new card !!!

[happyelle]

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@snickerpedia wrote:

I am wondering if you should have selected the flagship if you were looking for a higher SL. The rep said you were approved for all unsecured and the flagship min is 5k (correct me if I'm wrong)

Congrats your new card !!!

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Hi, and thank you!! I don't know what their flagship is, eeek!

I was thinking I wouldn't get approved for AMEX since my SSN is attached to a defaulted business card. 

[Jnbmom]

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@snickerpedia wrote:

I am wondering if you should have selected the flagship if you were looking for a higher SL. The rep said you were approved for all unsecured and the flagship min is 5k (correct me if I'm wrong)

Congrats your new card !!!

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I highly doubt they would get the Flagship since their starting line is 600.