More Rewards approval: happy/disappointed

[Anonymous]

Oops i meant to post this in approvals. Sorry! If mod could move please

Navy finally throws me a bone...albeit a small bone.

I applied for the More Rewards card about 10 days ago and was denied. Submitted message asking why and finally today they answered saying that after looking at the application a second time they could approve me for...$500. It's gonna make getting that bonus a little challenging. 

I wasn't expecting an approval from that message and I definitely wasn't expecting such a low limit though, so I'm equal parts happy and disappointed. At least it'll allow for me to use my secured cards less (Discover and Navy, each at $500) and finally, after several years, have an unsecured limit. 

If anything I'm glad I didn't apply for predatory cards or get a load of store cards. I did expect my second Navy card to have a larger limit, though. I'll apply for cli in three months and the secured card I have with them will hopefully graduate next month (6th statement). 

Current cards:

Disco secured $500 (Hopefully graduates in February)

Navy secured $500 ($200 deposit)

Cap1 secured $200(Waiting for 6th statement to see if limit will increase or maybe just close)

Navy More Rewards $500

Current FICO8 average of 657 between three bureaus 

Tu9 694

Paid off last charge off this past summer.

[cashorcharge]

It sounds like you're pretty well versed on NFCU's growth over time...

Congratulations on your approval today!  Best of luck going forward!!!

[gdale6]

Grats on the approval and just pay it off as you go to make the bonus.

[AllZero]

Congratulations on your approval! Nice work on the reconsideration.

[rostrow416]

Congrats!

Drop some cash into the Navy account, payments update immediately when you pay through their accounts.  It'll help get you to the SUB.  And in 90 days you should be a go for a 3x cli.

[blindambition]

While not what you were expecting, you are making progress. Your credit is still thin, but I guarantee those cards will grow, with very little work. Follow @gdale6  advice.

[M_Smart007]

Congratulations on your Navy Approval..

[mystikal1]

Awesome. Just keep rinsing. You will have that sub in no time.

[Anonymous]

Congrats !

[Hex]

Congrats on the new card. It's a great card. I had a $500 limit to start on that card too. In order to meet the SUB I would pay it from my Navy checking as soon as I made any charges. You don't even need to wait for the charges to post before you pay.