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NFCU cashRewards Visa Approved Today

New Contributor

Re: NFCU cashRewards Visa Approved Today

 


@wrote:

After you apply for your first CLI immediately apply for their lowest interest Platinum card. You may be pleasantly surprised with a much bigger card than the first. I've seen it happen quite often as of late. Good luck!


Getting the Platinum is just for the high SL, right? NFCU doesn't allow card combining and isn't the Platinum
basically a plain vanilla card? And wouldn't they frown on getting another card with a 3 month history? (I really don't want a repeat of my Chase story).

Message 11 of 24
Established Member

Re: NFCU cashRewards Visa Approved Today

I've joined NFCU the same time as you were and they gave me a $500 SL cashRewards also. I've passed my 3 statement yesterday. Did you asked for CLI? My ULT > 49%, iight wait till it dropped in next month
Starting Score: EQ 559, TU 564, EX 572 (06/27/2017)
Current Score: EQ 645, TU 654, EX 630 (12/22/2017)
Goal Score:700 (01/31/2018)


Take the myFICO Fitness Challenge
Message 12 of 24
New Contributor

Re: NFCU cashRewards Visa Approved Today


@Freeman47 wrote:
I've joined NFCU the same time as you were and they gave me a $500 SL cashRewards also. I've passed my 3 statement yesterday. Did you asked for CLI? My ULT > 49%, iight wait till it dropped in next month

I haven't received my 3rd statement yet (should cut on the 17th) and my 91 days+ should be around the end of this month/beginning of next month. My plan was to wait for the May AR (and hopefully luck into a SP CLI). 

Message 13 of 24
Established Member

Re: NFCU cashRewards Visa Approved Today

👍thanks and good luck. I was wondering about the next AR with NFCU. Better to plan ahead and keep the UTL low.
Starting Score: EQ 559, TU 564, EX 572 (06/27/2017)
Current Score: EQ 645, TU 654, EX 630 (12/22/2017)
Goal Score:700 (01/31/2018)


Take the myFICO Fitness Challenge
Message 14 of 24
Moderator

Re: NFCU cashRewards Visa Approved Today


@avburns1 wrote:

 


wrote:

After you apply for your first CLI immediately apply for their lowest interest Platinum card. You may be pleasantly surprised with a much bigger card than the first. I've seen it happen quite often as of late. Good luck!


Getting the Platinum is just for the high SL, right? NFCU doesn't allow card combining and isn't the Platinum
basically a plain vanilla card? And wouldn't they frown on getting another card with a 3 month history? (I really don't want a repeat of my Chase story).


Congrats on the approval; like others have said, don't sweat the credit line... it will grow, and quickly!  Smiley Very Happy

 

There are other recent reports of others being in a similar position as yourself and doing quite well on a second card; check out this thread:  http://ficoforums.myfico.com/t5/Credit-Card-Applications/Navy-Federal-Thread-for-CLI-and-Additional-...

 

It would take a while to read the whole thing, so just skip towards the end (the last month or so) and go from there... that should give you an idea of what's possible.  Smiley Wink

 

Also, check out @ehomeyjr's thread here:  http://ficoforums.myfico.com/t5/Credit-Card-Approvals/NFCU-Platinum-CLI-and-CashRewards-Approved/m-p...

Message 15 of 24
Regular Contributor

Re: NFCU cashRewards Visa Approved Today

Good for you, OP. Well-deserved...and it will grow! Smiley Happy

Message 16 of 24
Established Contributor

Re: NFCU cashRewards Visa Approved Today


@avburns1
I haven't received my 3rd statement yet (should cut on the 17th) and my 91 days+ should be around the end of this month/beginning of next month. My plan was to wait for the May AR (and hopefully luck into a SP CLI). 

Hey OP, just an update for me. I was in a similar boat. $500SL on cashRewards card. My 3rd statement cut about 10 days ago. Went for CLI, only went from $500-->$1500. App'd for 2nd card (goRewards) and got an SL of $15,000, I requested to move $5,000 over to cashRewards card. I now have $6500 on cashRewards and $10,000 on goRewards. Also got a CLI on my CLOC from $10k-->$15k. I've never reported a balance on my card but I have been using the heck out of it. There is hope! I debated whether or not to wait for AR in May but read too many threads that it didn't really matter and since I have a lot of inquiries in the past 12 months I decided 1 more isn't going to matter. 

 

Good luck! Robot Very Happy


Message 17 of 24
New Contributor

Re: NFCU cashRewards Visa Approved Today


@jlitnns wrote:

@avburns1
I haven't received my 3rd statement yet (should cut on the 17th) and my 91 days+ should be around the end of this month/beginning of next month. My plan was to wait for the May AR (and hopefully luck into a SP CLI). 

Hey OP, just an update for me. I was in a similar boat. $500SL on cashRewards card. My 3rd statement cut about 10 days ago. Went for CLI, only went from $500-->$1500. App'd for 2nd card (goRewards) and got an SL of $15,000, I requested to move $5,000 over to cashRewards card. I now have $6500 on cashRewards and $10,000 on goRewards. Also got a CLI on my CLOC from $10k-->$15k. I've never reported a balance on my card but I have been using the heck out of it. There is hope! I debated whether or not to wait for AR in May but read too many threads that it didn't really matter and since I have a lot of inquiries in the past 12 months I decided 1 more isn't going to matter. 

 

Good luck! Robot Very Happy


Congratulations, jlitnns, you give me hope for the future. ;-)

 

Seriously, I've posted elsewhere that I would like a higher CLI, but not necessarily another card (although getting another card and shifting the amounts like you did seems like a good strategy). I asked this in another thread but haven't got a response but can you app for the same card (another CashRewards?) or does it have to be a different type of card?

Message 18 of 24
Established Contributor

Re: NFCU cashRewards Visa Approved Today


@avburns1

Seriously, I've posted elsewhere that I would like a higher CLI, but not necessarily another card (although getting another card and shifting the amounts like you did seems like a good strategy). I asked this in another thread but haven't got a response but can you app for the same card (another CashRewards?) or does it have to be a different type of card?


I honestly didn't think of getting another cashRewards card until after I had app'd for the GoRewards. I don't see why you can't but I haven't seen anything else stating otherwise either. I want the AMEX for my third card then after that I might try and move my remaining $10k over to cashRewards and close the GoRewards later this year and just have cash and AMEX.


Message 19 of 24
Valued Contributor

Re: NFCU cashRewards Visa Approved Today

Sounds like a plan! I might follow your steps :-)



FICO 8 Scores EQ 704 / Goal 750, EX 706 / Goal 750, TU 724 / Goal 750

FICO 9 Scores EQ 726 / Goal 750, EX 683 / Goal 750, TU 726 / Goal 750
Message 20 of 24