cancel
Showing results for 
Search instead for 
Did you mean: 

NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Frequent Contributor

NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

I hoped I would be accepted for another card (it's 91/3 since my first approval of a cashRewards for 1K), but this! THIS!!! This I NEVER expected! Getting a $500 limit would be okay. $1K-$3K I thought was probably realistic. And I was totally okay with that. My needs are modest. BUT THIS!!!!! 

$17K!!!! 

THIS I NEVER EXPECTED!!! 

Navy-Amex-Approval-17K-9-17-2019.jpg

DATA POINTS:

  • TU FICO 8: 658 TU FICO 9: 661 (all other scores in same range)
  • Income $24K (slight increase from 3 months ago)
  • Util: 68% (mostly from a low-interest monthly payment plan on some closed credit cards. My util on open credit lines is 9%)
  • Debt to income ratio: 19%
  • Inquiries: 5 TU, 3 EQ, 5 EX in last 2 years. 1 inquiry TU in last six months (from my first Navy card).
  • Oldest account age: Over 20 years
  • Average age of all accounts: 5-6 years
  • I just opened a Shell gas rewards card (store card) a few days ago, before that was the Navy cashRewards card in June. All six open tradelines were acquired within the last year (all the old ones were closed due to credit meltdown).
  • Baddies: 90-day-late & one account settled for less than full amount (but not charged off). No judgments, no charge-offs, nothing else. Just the 90-day late and settled account from a year ago.

 

My spending habits on Navy: I was always depositing smallish amounts (cash, PayPal, direct deposit) into my checking. I can't say a ton of money was coming through (I use Unify CU checking as my "primary" checking) but there was frequent activity. I was constantly checking my account online. I was constantly sending in payments to my cashRewards card. Like every few days if possible. I hate seeing the balance go up and with a 1K limit, I wanted some breathing room if needed. (I made my sign-up bonus minimum spend of $2.5K and probably went up to $3K before the third month was up! I gave that card LOTS of love!)

 

My takeaway from this approval: Use your Navy accounts, pay a lot of attention to them, love them. I did the best I could with my meager income and spend and I guess they noticed! 

 

I am gobsmacked by the high limit. I DO NOT NEED THIS MUCH but I'm not going to tell them to take it back! A 10K limit would have been a dream come true! Wow! Navy is something else!

 

Thank you so much everyone for your encouragement! @Saeren thanks for your words of advice and encouragement! BOY WERE YOU RIGHT! You said I "didn't have anything to worry about" when it came to being approved for this card! LOL, I guess so! 

 

EDIT: There may be some of you who think you can't qualify for Navy Fed because you weren't in the military. I qualified through my father, but I could have also qualified through my grandfather (who died before I was born). Navy didn't ask me for any proof of my father's military status when I applied to be a member. In theory they could have, but they didn't and probably will never need to. However, there are records you can get online to provide proof.

 

Many of us have some direct relative (parent, grandparent) who served in the military (Vietnam, Korea, and WW2 also count!). Some of the military records are easy to get and open to the public if they're old enough. 

 

FICO8: Nov 20, 2018:
FICO8: Nov 20, 2019:
FICO8: Dec 1, 2019:
Goal for December 2019: FICO8 640-700 (reached! Fico 670!)
Goal for December 2020: FICO8 685-710
Overstock Store Card, $2,250Walmart Store Card, $500 limitDiscover IT Cash Back, $2000Navy Fed cashRewards, $2000Shell Citi store card, $800Navy More Rewards, $17,000RIP Green Dot Platinum
Overstock $4,250, Walmart $500, Discover IT Cash Back $2400, Navy Fed cashRewards $2000, Shell (Citi) Fuel Rewards, $800, Navy More Rewards, $17,000, (RIP Green Dot Platinum Secured)

Starting Score: 539
Current Score: 670
Goal Score: 760


Take the myFICO Fitness Challenge   |   My credit recovery journal

34 REPLIES 34
Frequent Contributor

Re: NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

Congrats on your shiny new card and awesome SL.  Navy ROCKS!

Starting FICO 8 December 2017


FICO 8 as of 12/7/19

FICO 5/4/2 as of 12/7/19




Sock Drawer:
Message 2 of 35
Valued Contributor

Re: NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

Congratulations on your approval! Thanks for the data points. Navy never ceases to amaze us.
Message 3 of 35
Super Contributor

Re: NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

 

Congratulations!!!

 

Message 4 of 35
Frequent Contributor

Re: NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

CONGRATS!!!!!! :-)

Amex Blue Cash $20k
Chase FU $9.2k
BOA Cash Rewards $13k
Comenity BJ's Perks Plus M/C $8k
Cap1 QS $750 (AU), BOA Auto
Nov. 2019 TU 796, EX 769, EQ 785
INQ 1/6, 1/12, 2/24.......TU-0, EX-2 EQ-2
Message 5 of 35
Valued Contributor

Re: NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

Woot woot!! Congrats on a monster SL!!
Message 6 of 35
Frequent Contributor

Re: NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

Thanks, everyone! I'm still in shock! Navy is FANTASTIC!

 

And the other really fantastic thing is the relatively good APR of 12.99. For someone with my iffy profile, that is AMAZING!!

FICO8: Nov 20, 2018:
FICO8: Nov 20, 2019:
FICO8: Dec 1, 2019:
Goal for December 2019: FICO8 640-700 (reached! Fico 670!)
Goal for December 2020: FICO8 685-710
Overstock Store Card, $2,250Walmart Store Card, $500 limitDiscover IT Cash Back, $2000Navy Fed cashRewards, $2000Shell Citi store card, $800Navy More Rewards, $17,000RIP Green Dot Platinum
Overstock $4,250, Walmart $500, Discover IT Cash Back $2400, Navy Fed cashRewards $2000, Shell (Citi) Fuel Rewards, $800, Navy More Rewards, $17,000, (RIP Green Dot Platinum Secured)

Starting Score: 539
Current Score: 670
Goal Score: 760


Take the myFICO Fitness Challenge   |   My credit recovery journal

Message 7 of 35
Valued Contributor

Re: NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

Congrats on nfcu #2!  Nice SL and APR to boot!  Enjoy those rewards!




UNpopular opinions have served me well and will offer that which has worked for me.
Message 8 of 35
Established Contributor

Re: NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*


@tenaya wrote:

... BUT THIS!!!!! 

$17K!!!! 

THIS I NEVER EXPECTED!!!


       Talk about a

H A P P Y  D A N C E

       occasion! Smiley Very Happy

 

Happy_Dancing.gif

 

C O N G R A T U L A T I O N S !

 




Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 26+ years;
AAoA = 9+ years; AoYA = less than 1 year (Nov 2019)
Total Open Credit Lines Over $440K. Utilization Less Than 1%. Inquiries until May 2020 (TU:2 -- EQ:2 -- EX:6)
*Hover cursor over each card to see name, CL
Message 9 of 35
Established Contributor

Re: NAVY FED!!! NAVY FED!!! *SHOCKED AND SPEECHLESS*

Congrats.  Share your internal NFCU score when you get it if you could.  It will come on an announcement mailer.


Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = Very Low 400's
8-1-18 -
12-24-18 -
11-1-19 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, FuelMan .8K, Citi Tractor Supply Rev .8k, Builder Pro 5.4K, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG
Message 10 of 35
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.