cancel
Showing results for 
Search instead for 
Did you mean: 

Navy Fed $25,000 SL!!!!!!!!!!!!!!!

Flex1
Regular Contributor

Navy Fed $25,000 SL!!!!!!!!!!!!!!!

        I can't even express, in words, how happy I am. I just recently cancelled another card, because I knew there was no reason for me to get such a low SL. A few people said, "Be content, be grateful, take what you get and smile, there must be a reason your SL was so low, your 800 fico score doesn't mean anything, it's based on each companies own internal algorithm... Keep it, and in no time it'll grow, blah blah blah".

       However, None of that resonated with me. I know my credit. I know what I'm worth. I cancelled that card. So after lurking the Credit Card Approval thread, I thought "why not me"? It seems like the Navy Fed high SL bus is moving along quite swiftly, So I decided to jump on board.      WELL, HERE I AM!!!!!!!!!! YAY!!!!!!!!!!!!!!!!!!!!!!!!!
     Thanks to all of you who keep posting your approvals. The world is full of great possibilities. We are proof of that.


P.S. Also, even though I never carry a balance, I still want a low-interest rate that reflects my credit, and I got it! 12.99%

 

UPDATE (2/1/19): I logged in this morning... And Boom! Its already showing up. Smiley Happy

18 REPLIES 18
Cred4All
Valued Contributor

Re: Navy Fed 25,000 SL!!!!!!!!!!!!!!!

Excellent SL, congrats to you!! Some great approvals lately from Navy!


Message 2 of 19
dryland
Established Member

Re: Navy Fed 25,000 SL!!!!!!!!!!!!!!!

Congrats!! I wanna be like you when I grow up Smiley Tongue


Message 3 of 19
CivalV
Established Contributor

Re: Navy Fed $25,000 SL!!!!!!!!!!!!!!!

A huge congrats to you! I would also love to close some useless cards but I have to wait as it would further kill my overall UTL.

What are you data points? My TU is mid 600s and I am really contemplating on pulling the trigger. Patience is not my friend but I am trying lol
Sept 18: EQ: 578 TU: 583 EX: 576
Sept 19: EQ8: 640 TU8: 645 EX8:640 April 20': EQ8: ??? TU8: 680 EX8: 673
Goal by June 2022: First Time Home Buyer
AA:


Goal Completed: Auto Lease 2020 Mazda CX-5 No Income Verification


The Line Up
Marriott Bonvoy: $5000
Amazon Prime Now Sig: $2800
CITI Costco: $5500
CITI Double Cash: $6100
Navy Rewards: $2000
Amex Delta Plat: $1700
Amex Hilton Honors: $1000
Target Red Card: $2000
Victoria Secret Gold: $1200
HSN: $2500
Overstock: $2750
Kohls: $900
Capital One: $2750
Capital One #2: $500

Penfed Personal Loan: $20K
NFCU Secured Loan: $285


Total CL:$36,700
Total UTL: 25%
Current Scores: EQ: 698 TU: 706 EX: 696
Message 4 of 19
Overmedicated
Community Leader
Valued Contributor

Re: Navy Fed $25,000 SL!!!!!!!!!!!!!!!


@Flex1 wrote:

 

 

   I can't even express in words how happy I am. I just recently cancelled another card, because I knew there was no reason for me to get such a low SL. A few people said, "Be content, be grateful, take what you get and smile, there must be a reason your SL was so low, your 800 fico score doesn't mean anything, it's based on each companies own algorithm,  blah blah blah". 

   However, None of that resonated with me. I know my credit and what I'm worth and cancelled that card. So after lurking the Credit Card Approval thread, I thought "why not me"? It seems like the Navy Fed high SL bus is moving along quite swiftly, So I decided to jump on board. WELL, HERE I AM!!!!!!!!!! YAY!!!!!!!!!!!!!!!!!!!!!!!!!

     Thanks to all of you who post kept posting your approvals. The world is full of great possibilities. We are proof of that.

 

P.S. Also, even though I never carry a balance, I still want a low-interest rate that reflects my credit, and I got it! 12.99%

 

 

 

Congrats on the approval.  I'm curious though, your credit scores that you posted a few weeks ago were almost 800.  How didn't you get the lowest rate?  Your scores would appear to be well into the top tier APR range.

FICO 8
Message 5 of 19
AverageJoesCredit
Mega Contributor

Re: Navy Fed $25,000 SL!!!!!!!!!!!!!!!

Congrats OpSmiley Happy

Navy is one case that it doesnt really matter if one has 800's or 600's , they will give out 25 limits to those who qualify economically meaning usually a high income and low dti. As you can see , you did get an outstanding sl but you didnt get the absolute lowest rate ( that will come in a year when you request a lower apr rate). Sometimes when people offer advice, sometimes they may know a thing or 2 even financial wizards dontSmiley Wink.
Message 6 of 19
Overmedicated
Community Leader
Valued Contributor

Re: Navy Fed $25,000 SL!!!!!!!!!!!!!!!


@AverageJoesCredit wrote:
Congrats OpSmiley Happy

Navy is one case that it doesnt really matter if one has 800's or 600's , they will give out 25 limits to those who qualify economically meaning usually a high income and low dti. As you can see , you did get an outstanding sl but you didnt get the absolute lowest rate ( that will come in a year when you request a lower apr rate). Sometimes when people offer advice, sometimes they may know a thing or 2 even financial wizards dontSmiley Wink.

I was asking because of the recent thread "What score is good enough?" where I still believe 760 is good enough to qualify for the lowest APRs.  Since their scores are very high, I'm wondering if closing out the card that the OP was originally approved for somehow affected the internal score with NFCU, therefore not the best APR.

FICO 8
Message 7 of 19
Flex1
Regular Contributor

Re: Navy Fed $25,000 SL!!!!!!!!!!!!!!!


@AverageJoesCredit wrote:
Congrats OpSmiley Happy

Navy is one case that it doesnt really matter if one has 800's or 600's , they will give out 25 limits to those who qualify economically meaning usually a high income and low dti. As you can see , you did get an outstanding sl but you didnt get the absolute lowest rate ( that will come in a year when you request a lower apr rate). Sometimes when people offer advice, sometimes they may know a thing or 2 even financial wizards dontSmiley Wink.

Got it! Thanks for sharing that information. I appreciate it. Smiley Happy

Message 8 of 19
ICYUNVME
Regular Contributor

Re: Navy Fed $25,000 SL!!!!!!!!!!!!!!!

Congrats on the approval. That's awesome. What a great SL.
Message 9 of 19
JoeLuvsHisCredit
Valued Contributor

Re: Navy Fed $25,000 SL!!!!!!!!!!!!!!!


@Overmedicated wrote:

@Flex1 wrote:

 

 

   I can't even express in words how happy I am. I just recently cancelled another card, because I knew there was no reason for me to get such a low SL. A few people said, "Be content, be grateful, take what you get and smile, there must be a reason your SL was so low, your 800 fico score doesn't mean anything, it's based on each companies own algorithm,  blah blah blah". 

   However, None of that resonated with me. I know my credit and what I'm worth and cancelled that card. So after lurking the Credit Card Approval thread, I thought "why not me"? It seems like the Navy Fed high SL bus is moving along quite swiftly, So I decided to jump on board. WELL, HERE I AM!!!!!!!!!! YAY!!!!!!!!!!!!!!!!!!!!!!!!!

     Thanks to all of you who post kept posting your approvals. The world is full of great possibilities. We are proof of that.

 

P.S. Also, even though I never carry a balance, I still want a low-interest rate that reflects my credit, and I got it! 12.99%

 

 

 

Congrats on the approval.  I'm curious though, your credit scores that you posted a few weeks ago were almost 800.  How didn't you get the lowest rate?  Your scores would appear to be well into the top tier APR range.


 
 
 
 
 
 
 
 
 
        You would think navy would give the lowest APR with a 800 score but i have a 808 score and they approved me for 12.9% a couple months ago. I was sooooooooooo MADDDDDDDDDDDDDDDDDDD. I still haven't use the card because of it.
Chase and Citi gave me their lowest APR. I to be honest never have good luck with credit unions with APR LOL
 
 
        CONGRATS OP Smiley Happy
Message 10 of 19
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.