NFCU Flagship -- Time to Pull the Trigger?

[Anonymous]

Fair enough, I don't need $25K SL. TBH, I'd likely never use it anyway. Even if i went on the biggest vacay of my life. 

Sure that SL with potential to grow it may look good on paper. I try not to get caught up that whole craze.

I guess it would be great for utilization purposes since there's no BT fee etc. 

[Anonymous]

Yes, fellas, my problem is that I don't have much room to turn around with my current credit limits, plus I want to get some security deposit money back:

• NFCU cashRewards (unsecured): $500
• Regions Bank Explore Visa (secured) $750 **
• OpenSky (secured): $200 **
• Regions Bank line of credit (secured): $250 **

** So I could use the $1200 back from these secured loans. But aside from the credit building, my three credit cards and backup LOC are a big help with cash flow. I am a freelancer, and my income is uneven. I just make sure that I PIF each month, but i don't have reserves. So I'm not comfortable closing these secure accounts without something to replace them. Regions said that my CC would "graduate", but they would still need to do a HP. So I figured if I'm going to get a better credit card, I may as well get what I want. 

I really love NFCU. I have been thinking about going after the Chase cards, but I don't have any relationship with that bank, and I don't think they would do better for me than Navy. 

If I give up my secure revolvers now, I would only have $500 CL remaining. Not good. So if I could get a CLI with a soft pull, why not? I'm not sure I understand this point about maxing out. Please clarify. $500 is nowhere near maxing out.

[Anonymous]

Given that $500 limit, I would just ask for a CLI to $1500. It's generally the most they will approve anyway (3X CLI) and I can't see $1K posing a problem for a Flagship later. 

[Anonymous]

Oh, and I stupidly burnt a HP in September asking for a CLI four days after getting approved for the $500 cashRewards. (No SP for me!) They denied it because my credit was new. This was before I learned anything about the credit game. I'm much more strategic now.

Transunion:

• Regions Bank - Inquiry from Aug 29, 2019 (for secure accounts)
• Regions Bank - Inquiry from Aug 29, 2019 (for secure accounts)
• Navy Fcu - Inquiry from Sep 14, 2019 (for cashRewards)
• Navy Fcu - Inquiry from Sep 18, 2019 (for cashRewards CLI - denied)
• Syncb/jcp - Inquiry from Aug 13, 2019 (for JC Penney - stupid experiment)
• Syncb - Inquiry from May 29, 2018 (don't know)

[Anonymous]

$1500? I could ask for more though. Actually, I don't want to ding my credit for such a small increase. I think new cards are better than CLIs anyway. Maybe I will call them and just talk to them on Tuesday. 

[AverageJoesCredit]

My TU is a Navy hp graveyard🌚🥴

[Anonymous]

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@Anonymous wrote:

$1500? I could ask for more though. Actually, I don't want to ding my credit for such a small increase. I think new cards are better than CLIs anyway. Maybe I will call them and just talk to them on Tuesday. 

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I would just go ahead and app for a 2nd card. The starting limit will be much higher. 

Most likely, Navy will only 3X CLI on your current CL. $1,500 will likely be your new limit after CLI.

[CreditInspired]

Hi OP

What is your income and debt to income?

[Brian_Earl_Spilner]

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@AverageJoesCredit wrote:
My TU is a Navy hp graveyard🌚🥴

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It's not the only one.

[Anonymous]

Pretty good. I think 15 %. I just have the new car loan at $261/month. $700 rent. $36000/year.