NFCU Cards and Short History?

[Anonymous]

As of today my FICO 08's are: TU 695 EQ 704. My FICO 09's are 706 and 746 respectively. My credit profile is as such -

-two closed accounts (11yrs) with 100% pay history
- 4 open revolving accounts.
-1 installment loan
-AA of OPEN accounts is 4 months
-AAoA is 3y8mo
-Oldest open account is 6 months
-2 INQs on TU and 4 INQs on EQ
- 100% pay history
- Util is 23%

I currently have a $3,000 SL CashRewards card with NFCU. They approved me in May when the only open acct showing on my CR was Fingerhut . They pulled EQ and I believe my score was 680 at the time. I spend $4,000 on the card per month and PIF.

My question is, I see lots of people with ficos in the 600s getting 5k to 10k SLs - my FICOs are over 700 but Im wondering how Navy treats approvals with limited history such as mine. I am thinking to apply for the CLOC again and a 2nd card or CLI. Thanks! Any firsthand experience is appreciated

[AverageJoesCredit]

If they started you off at 3k, I have a feeling you'll get a nice jump . Try near begining of Sept near the AR on maybe getting sp increase. Maybe app 2nd card too. They usually give higher limit on 2nd card. Just be prepared for hps though. Good luck

[Anonymous]

Thanks for the reply - followup question - my cashrewards cut 3 statements as of 7/19 but the card is 75 days old. Do you think NFCU will approve me for a 2nd card given this fact but contrarily a vast improvement in credit score and profile?

[Anonymous]

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@Anonymous wrote:
Thanks for the reply - followup question - my cashrewards cut 3 statements as of 7/19 but the card is 75 days old. Do you think NFCU will approve me for a 2nd card given this fact but contrarily a vast improvement in credit score and profile?

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Unlikely; but you can find out for yourself if you're willing to spend a hard pull.  

Credit decisions are based on your entire credit profile; not your credit score.  Comparing your scores to others will just result in frustration especially when you don't know the credit histories of the people with limits you aspire to.

[AverageJoesCredit]

Definitely wait to have 90 days plus even if you have 3 statement cuts. I think I had my first card about 5 months when I sped my second card.

[Anonymous]

Whoa whoa. If I were you I'd be apping away for my second card once you hit 91/3. They'll prob hit you up with 12-13k on that second card.

I had a secured Nrewards for 4 months and apped for the cash rewards. Approved 10k at 607. (Graduated after 6 statements and product changed to Plat)

My cash rewards hits 91/3 August 19th. As soon as the AR hits early September going for card 3!! I'm gardening like no other but all bets are off when my second nfcu card hits 91/3 haha. Really want that More Rewards.

[Anonymous]

I opened my card May 16th. The rep told me my 90 days would be up Aug 16th. Did she miscalculate because 90 days is actually Aug 14th....Or does 90 days simply mean 3 months?

[Anonymous]

91/3 - basically need to cut 3 statements and have over 90 days

[Anonymous]

Right but is that 3 months + 1 day OR 91 actual days which is a few days shorter than 3 months usually

[Brian_Earl_Spilner]

They're probably counting from when the card was opened, not approved