NASA FCU Credit Card Reduction

[baller4life]

Sorry this happened to you OP. Too many stories like this lately! And to think I just set up NASA today to make periodic deposits to keep my savings active. So, I can possibly app a card when I leave the garden. I think I will pass..... 😞

[Credit-hoarder]

+1---as stated in my previous reply.

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@baller4life wrote:
Sorry this happened to you OP. Too many stories like this lately! And to think I just set up NASA today to make periodic deposits to keep my savings active. So, I can possibly app a card when I leave the garden. I think I will pass..... 😞

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[baller4life]

Yea. I have already been denied TWICE for too much revolving credit. I won't be wasting another inq on them. They can close my savings for all I care. Not the type of CU I want to do business with. I have plenty other CUs.

[Anonymous]

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@baller4life wrote:
Yea. I have already been denied TWICE for too much revolving credit. I won't be wasting another inq on them. They can close my savings for all I care. Not the type of CU I want to do business with. I have plenty other CUs.

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You're such a hater.  First it was Barclays and now NASA.  Just can't be pleased 

[baller4life]

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@Anonymous wrote:

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@baller4life wrote:
Yea. I have already been denied TWICE for too much revolving credit. I won't be wasting another inq on them. They can close my savings for all I care. Not the type of CU I want to do business with. I have plenty other CUs.

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You're such a hater.  First it was Barclays and now NASA.  Just can't be pleased 

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😆😆Well that's one of the great things about CUs is that they aren't antsy like banks with these silly AA's. The last thing I want to deal with is a CU acting like Barclays. No thanks! LOL

[Credit-hoarder]

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@baller4life wrote:
Yea. I have already been denied TWICE for too much revolving credit. I won't be wasting another inq on them. They can close my savings for all I care. Not the type of CU I want to do business with. I have plenty other CUs.

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Same here---except I want my $50 back I'm just waiting for a few more EQ INQ's to turn 1 year old and then I'm going to give Pen Fed a shot sometime in October.

[baller4life]

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@Credit-hoarder wrote:

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@baller4life wrote:
Yea. I have already been denied TWICE for too much revolving credit. I won't be wasting another inq on them. They can close my savings for all I care. Not the type of CU I want to do business with. I have plenty other CUs.

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Same here---except I want my $50 back I'm just waiting for a few more EQ INQ's to turn 1 year old and then I'm going to give Pen Fed a shot sometime in October.

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Yep good ole Penfed. NASA can't even hold a candle to them. 

[Credit-hoarder]

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@baller4life wrote:

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@Credit-hoarder wrote:

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@baller4life wrote:
Yea. I have already been denied TWICE for too much revolving credit. I won't be wasting another inq on them. They can close my savings for all I care. Not the type of CU I want to do business with. I have plenty other CUs.

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Same here---except I want my $50 back I'm just waiting for a few more EQ INQ's to turn 1 year old and then I'm going to give Pen Fed a shot sometime in October.

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Yep good ole Penfed. NASA can't even hold a candle to them. 

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The big bonus for me with them would be convenience---I just recently found out they have a branch about 15-20 minutes from my house! About 1/2 the distance it takes me to drive to the NASA branch.

[CreditMagic7]

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@Anonymous wrote:

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@Anonymous wrote:

I opened a NASA FCU Platinum Cash Rewards Card earlier this year. I was instantly approved with a $25k credit line. I opened my mail today and they lowered my credit limit to $1,000. I've used the card a few times, never carried a balance, and have a 1% utilization rate on my other accounts. They cited number of recent inquiries and excessive revovling account. They did not provide any futher reasoning or a credit score. My score is around a 770-800...

I don't need the account and I'll keep it open, but it is shady. This reminds of a crappy credit union.. They kept my interest rate the same at 14.15% (their lowest, yet only a $1k limit). 

Just FYI YMMV w/ NASA.

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Sorry that this happened.  There have been a rash of NASA card closures recently.  It's something that they never used to do.  I'm afaid that they could do the same to me though it wouldnt be a huge loss even though I like the looks of the card :-). Personally if I were you and they won't restore your limit I'd tell them to go pound sand and close the card.

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This is so very True.

I never posted about it before now but they closed my $10K limit NASA card completely out of the blue back in the spring. It had been opened in Nov 2015 and i PIF until using a BT offer from them for Low APR for life of the transfer which was under 29% from the start.

They cited new accounts but for pity sakes those new accounts were already almost 6 months with history on them when they pulled that shenanigan.

I would recommend tread with extreme caution with NASA because it's not per say issues with customers card accounts as much as they took a HUGE DROP in Credit Union Rankings to dead last of 50. I researched this heavily because there was absolutely nothing about my history or other accounts that gave them cause to do it.

[Anonymous]

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@CreditMagic7 wrote:

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@Anonymous wrote:

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@Anonymous wrote:

I opened a NASA FCU Platinum Cash Rewards Card earlier this year. I was instantly approved with a $25k credit line. I opened my mail today and they lowered my credit limit to $1,000. I've used the card a few times, never carried a balance, and have a 1% utilization rate on my other accounts. They cited number of recent inquiries and excessive revovling account. They did not provide any futher reasoning or a credit score. My score is around a 770-800...

I don't need the account and I'll keep it open, but it is shady. This reminds of a crappy credit union.. They kept my interest rate the same at 14.15% (their lowest, yet only a $1k limit). 

Just FYI YMMV w/ NASA.

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Sorry that this happened.  There have been a rash of NASA card closures recently.  It's something that they never used to do.  I'm afaid that they could do the same to me though it wouldnt be a huge loss even though I like the looks of the card :-). Personally if I were you and they won't restore your limit I'd tell them to go pound sand and close the card.

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This is so very True.

I never posted about it before now but they closed my $10K limit NASA card completely out of the blue back in the spring. It had been opened in Nov 2015 and i PIF until using a BT offer from them for Low APR for life of the transfer which was under 29% from the start.

They cited new accounts but for pity sakes those new accounts were already almost 6 months with history on them when they pulled that shenanigan.

I would recommend tread with extreme caution with NASA because it's not per say issues with customers card accounts as much as they took a HUGE DROP in Credit Union Rankings to dead last of 50. I researched this heavily because there was absolutely nothing about my history or other accounts that gave them cause to do it.

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That sucks CM7 that they did that to you.  Wasn't aware of their drop in rankings.  That's pathetic.  Looks like theyre just picking accounts randomly or have some very strange risk algorhytm