NFCU Adjusting Cash Advance Limits on CCs to Anyone Else?

[OmarGB9]

I think Navy doesn't like me. My CA limit is $0 on both my secured and my MoreRewards Amex. 😂

[Anonymous]

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@OmarGB9 wrote:

I think Navy doesn't like me. My CA limit is $0 on both my secured and my MoreRewards Amex. 😂

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They must not like me neither! I just got approved for a Cash Rewards card with a very low SL of $500 and my CA limit is $0 as well. 😂

I'm not worried about it though since I never do CAs. I am grateful for the approval and opportunity to grow with NFCU! 😁

[babbles]

Just wondering,  for any that have a NFCU rewards credit card if your cash advance limit was reduced as of 31 Jan 2021 or so?  So my overall limit raised from 30k to 33k, cash advance limit was 15k, now it's $9900, chat rep stated as of that date, NFCU reduced all limits , I guess on that card by 30% to align with other institutions.  I will call this morning to confirm that but my increase came 1 month after we bought our home, which is also financed through NFCU.

[thornback]

Yes. All CA limits are now 30% of the CL.  Anyone that previously had higher than 30% or equal to their CL will eventually see a reduction as they catch up to implementing for all.  Your reduction not an AA incident - just coincidental timing.

[babbles]

thanks for confirming!  do you think it's because of how the economy is right now that maybe they fear they may see an influx of spending and people not paying CAs back?  

[K-in-Boston]

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@babbles wrote:

thanks for confirming!  do you think it's because of how the economy is right now that maybe they fear they may see an influx of spending and people not paying CAs back?  

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No, it appears that at some point between 2015 and 2017 they changed it to 30% for all new cards, and they have recently been making that change retroactive to older accounts.  Assuming you've had your card a while?

[babbles]

I've had it since 2009

[babbles]

mine was @ 50% for years!

[Anonymous]

I didn't pay attention to the percentage of CA over CL. Mine is $7500 CA and $25,000 CL so it is exactly 30% on both Flag and Plat.

[Mr_Mojo_Risin]

I'm at 30% as well on both of my NFCU CC's.