NFCU Adjusting Cash Advance Limits on CCs to Anyone Else?

[Spotsy]

Just noticed that my Cash Advance Limit went from 50% of the total CL to 30%.  Have never used a cash advance and no derogatories on CBs.  Maybe they are 'posturing' due to current economic climate?  Maybe they are not likening me? :-( 

anywhoo...anybody else seeing this?

[Anonymous]

Mine are are 30%. I don't recall them ever being 50% and I've had NFCU cards for about 3 years now, I think. 

[Gunnerboy]

Mine is at 30%. Almost certain that mine has never been 50%.

[Credit4Growth]

Maybe the CAL were up to 50% many years ago.  As long as I have been reading these forums ( approximately 3. years) what stand out to me is that CAL were mainly 30% with Navy.  I am not saying that I am right just that I can barely remember the name of 1 member who did say their limit may have been higher.

Wait another day or so and maybe we can arrive at a better point of clarity from a MyFICO member who has been with Navy Fed as early than the three of us.  I say it in this manner because I do beleive others may have had limits higher than 30%.

[K-in-Boston]

Looking at my statements from 2017 and my account now, my cash advance limit has always been exactly 30% on my NFCU cards.

[Credit4Growth]

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@K-in-Boston wrote:

Looking at my statements from 2017 and my account now, my cash advance limit has always been exactly 30% on my NFCU cards.

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And I do remember reading these when they were originally posted back in 2018.

the consensus was that Navy issues a 30% limit... at the same time I do not think we are going back far enough to meet your standing as a member.

https://ficoforums.myfico.com/t5/Credit-Cards/NFCU-Cash-Advance-Limit/m-p/5345446#M1586605

[Spotsy]

I just checked my October 2020 statement and both cards had a 50% Cash Advance limit. I have had these cards since 2015.  Well...I guess I have been pulled inline with everyone else.  

Why do I feel like I just ratted myself out too...LOL

[K-in-Boston]

Sounds like things must have changed at some point between 2015 and early 2017 at the latest then and they are retroactively applying it to older accounts.  There was another thread recently; BECU, PenFed, NASA and many other CUs give you access to the whole shebang.

[Anonymous]

Mine has always been at 30% (and still is).

[Anonymous]

Yes, a few years ago NFCU announced that the credit card cash advance limit would be set to 30% of the credit limit but existing cards were exempt from that change.

NFCU has announced that rule will apply to all their credit cards. (Read your credit card statement for this announcement.)

I had an older card with the 50% cash advance limit. I have a newer card that had a 30% limit. I was able to transfer some of my credit limit from the new card to the old card and it still kept the 50% limit…until now.

This change simplifies things though.