Navy Fed Graduation in four months!

vV35Hszm · ‎06-25-2018

I was shocked to see on my credit report that my 4 month old Navy Federal Secured card with a $500 limit that I just got in February was now $2000. I called them to confirm I had "graduated". I am really amazed it happened that fast and I got a CLI to boot!

Thank you Navy Fed!

Anonymous · ‎06-25-2018

@vV35Hszm

Super congrats your Navy Fed secured card graduation and CLI to $2,000!

A 4 month graduation is the fastest I've seen from secured to unsecured.

Take good care of that card, and more CLIs will be in your future.

Navy Fed is very generous with SLs and CLIs. Please keep us posted

on your progress!

Anonymous · ‎06-25-2018

@vV35Hszm wrote:
I was shocked to see on my credit report that my 4 month old Navy Federal Secured card with a $500 limit was now $2000 ...

What factors about your credit profile do you think helped make this so?

vV35Hszm · ‎06-25-2018

@Anonymous wrote:
@vV35Hszm

Super congrats your Navy Fed secured card graduation and CLI to $2,000!
A 4 month graduation is the fastest I've seen from secured to unsecured.

Take good care of that card, and more CLIs will be in your future.
Navy Fed is very generous with SLs and CLIs. Please keep us posted
on your progress!

Thank you so much... that's the fastest I've seen too. My Capital One, Discover, and Navy Fed are now all graduated.

I still have a pending application for Citibank for a $2500 secured card just to get the credit lines up a bit... man are they slow!

vV35Hszm · ‎06-25-2018

@Anonymous

@Anonymous wrote:
@vV35Hszm wrote:
I was shocked to see on my credit report that my 4 month old Navy Federal Secured card with a $500 limit was now $2000 ...
What factors about your credit profile do you think helped make this so?

I get the sense that unlike other providers they want to get secured cards off their books as quickly as possible? I have a car loan with them (opened at the same time) so that probably didn't hurt... and perhaps that my balances everywhere else are really low. I am pretty much debt free. Also SAVINGS free... but that's another issue.

AverageJoesCredit · ‎06-25-2018

Congrats

getting unsecured fast means you are about to feel the full might of Navy luv

Anonymous · ‎06-25-2018

@vV35Hszm

Compared to Navy Fed, everyone is slow. And I think you're right:

Navy Fed doesn't like secured accts on their books any longer than

necessary. It's a case by case basis, but the sooner they can graduate

their members the better.

BTW, I'm not sure if you have a relationship with Bank of America

or have given any thought to applying with them. They offer a 99/500

partially secured card that's very popular here in the forum. Your $99

deposit secures a $500 credit line, but it's a "counter offer" card. So if

you app for their 1-2-3 Cash Rewards card and get declined, they may

counter with the 99/500. Worst case, you can always check the forum

for BofA's reconsideration line and app that way as well. Continued good

luck to you, and please keep us posted on your progress!

P.S. Bof A hard pulls their SL''s, but all of their CLI's are soft pulls now.

But if you app for their Rewards card and are declined, you can use the

same hard pull to app for the 99/500 within 30 days. In addition, the

99/500 is the partially secured version of the Rewards card with the

same 1-2-3 rewards. That's the biggest reason it's so popular here.

vV35Hszm · ‎06-25-2018

Not friendly with BoA for another year or so.

I have three pretty great rewards cards at the moment so I think I’m pretty solid.

Anonymous · ‎06-25-2018

Jealous! I got mine late January and will hit 6 months July 8th. Expecting mine to unsecure per the cards department. Fingers crossed! Congrats to you!! Navy Rocks!!