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Navy Federal Amex approval

kaylord84
Frequent Contributor

Navy Federal Amex approval

Some data points for you guys with a BK. I file chapter 7 BK Nov 2016. I was approved for Navy Federal Amex with a $500 SL. My overall utilization is at 68% which is probably why my SL is so low . Either way I'm excited. They pulled TU which my FICO 8 is 639.

Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


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Message 1 of 12
11 REPLIES 11
MrDFinance
Established Contributor

Re: Navy Federal Amex approval

Congrats on the approval 😎

Message 2 of 12
kaylord84
Frequent Contributor

Re: Navy Federal Amex approval

Thanks man I wish I would have waited to pay my balances down on my 4 other cards before applying 🤦🏾‍♂️

Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


Take the myFICO Fitness Challenge
Message 3 of 12
MrDFinance
Established Contributor

Re: Navy Federal Amex approval

No worries ...After 91 days and 3 statement cuts you will be eligible to ask for a credit line increase....You’ll be there in no time...plenty of time to get your utilization in check....

 

I got approved for my first navy card for $1,000 and a little over 91 days got a 2nd card with them with a limit of 20k your in good hands 

Message 4 of 12
Steve891
Senior Contributor

Re: Navy Federal Amex approval

Congrats onyour NFCU Amex approval! Smiley Happy




Message 5 of 12
Medic981
Valued Contributor

Re: Navy Federal Amex approval

Congrats ! ! !

















Your FICO credit scores are not just numbers, it’s a skill.

Message 6 of 12
Adkins
Mega Contributor

Re: Navy Federal Amex approval

Congratulations, OP! Be patient, most NFCU cards grow with time. 

Last HP 08-24-2021



Message 7 of 12
n_la
Frequent Contributor

Re: Navy Federal Amex approval

Congratulations, OP 👏🏾 You're in the door!

Give it the 91/3, relieve the pressure of that pulsating UTIL, and that SL will move. It will likely boost that 639 TU pretty significantly as well. All really goes without saying though...

Best of luck!

06.2019

03.2018

NFCU CLOC: $15,000
Message 8 of 12
19eighty5
Senior Contributor

Re: Navy Federal Amex approval

Congratulations on your approval!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Aug 2021):EX- 689, TU- 671, EQ- 671
What's in my wallet:



On the chopping block:

Message 9 of 12
xaximus
Valued Contributor

Re: Navy Federal Amex approval

Congrats on the approval, as others stated, once the UTI comes down, scores will definitely go up. I believe you're about 3-4 thresholds so that could be anywhere 40-80 point loss. Once you're under 8%, you'll be pleasantly surprised.


Scores - All bureaus 756 +
TCL - Est. $275K
Message 10 of 12
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