August 25, 2021 - I posted to Reddit r/Creditcards. Reposting here to share story and data points. Next week I will be applying for the More Rewards; First statement on Cash Rewards was 23 days, waiting until 3rd FULL statement (113 days?)
Approved yesterday for the Navy Federal Cash Rewards card- $25,000 !!
I absolutely want the More Rewards but went for the CR because I wanted the famed second-card-monster-limit on the MR. Never thought I would get it on my first card with them.
I didn’t see too many data points for my situation on a Navy Fed first card.
New credit file, I didn’t do any credit things for well over 10 years. No baddies on reports.
EX9 - 748 (WF App)
EX8 - 748 (Disco Scorecard, Experian.com)
TU8 - 755 (Disco App)
Vantage 3s - 752/754
INQ - TU 3, EQ 1, EX 3
AoOA - 2 years
AAoA - 1 year 2 months
AoYA - 6 months
8/19 Capital One Platinum $500
6/20 Discover Chrome $2500 ($3500 not reported yet)
7/20 Amex Blue Cash Everyday $3000
1/21 Apple Card $4000 ($4500 not reported yet)
Applied for Navy Federal membership mid-June 2021.
Opened checking and savings.
Transferred $3500 and split between the two accounts.
Added other Credit Union account for transfers.
Direct deposit for at least 4 weeks, 2 deposits each week.
Mobile deposited 2 checks.
Paid a couple other credit card bills (ACH).
No debit card use.
Prequalified for all NF cards.
Applied day after oldest card turned 2.
In application- included balance transfer from Amex, $228.
They pulled Transunion (my best score).
Instant approval.
Unemployed, $50000 income.
I had read about Navy doing eligibility audits, I had not been asked for proof of Military affiliation when I applied for membership. I sent a message with proof of eligibility to make sure I didn’t have any problems down the line. Hopefully that shows responsibility and built trust?
I read something about Navy liking Credit Union relationships, I have been a member of Wings Financial Credit Union for over 2 years, in good standing. Not sure if CU’s share info...
I hope that’s everything. I have no idea what got me such an incredible first card limit but I am flying high!!!
EDIT- APR 12.99%
