I'm no CA but IMHO what is going on is if it has not been at least three months since your last CLI or new card and that CLI was a counter offer or hard pull then you are at your internal cc limit with NFCU based on your profile. If you apply for a new one their computerized underwriting system will tell them no and they cannot override it. However it allows moving of credit lines to stay at the total number.
I believe it is a good idea to accept or request the movement of the line because the computer underwriting system is likely to give you the same limit on both cards once they are established. Therefore giving you double the total credit line. Also it creates an opportunity to get both cards to 25k on SP CLIs then move lines around to end up with a card at 50k or say one at 49 and one at 1 that you can then continue to sp CLI.
I believe it is a good idea to accept or request the movement of the line because the computer underwriting system is likely to give you the same limit on both cards once they are established. Therefore giving you double the total credit line. Also it creates an opportunity to get both cards to 25k on SP CLIs then move lines around to end up with a card at 50k or say one at 49 and one at 1 that you can then continue to sp CLI.
06/26/2014 - Gardening until 7/1/15
@joedtx wrote:
@leegreen wrote:
I'm no CA but IMHO what is going on is if it has not been at least three months since your last CLI or new card and that CLI was a counter offer or hard pull then you are at your internal cc limit with NFCU based on your profile. If you apply for a new one their computerized underwriting system will tell them no and they cannot override it. However it allows moving of credit lines to stay at the total number.
I believe it is a good idea to accept or request the movement of the line because the computer underwriting system is likely to give you the same limit on both cards once they are established. Therefore giving you double the total credit line. Also it creates an opportunity to get both cards to 25k on SP CLIs then move lines around to end up with a card at 50k or say one at 49 and one at 1 that you can then continue to sp CLI.That's a well thought theory. So do you think if Mr.Credit would have applied at the six month mark the system would have auto approved, or do you think that their criteria has changed recently? What was your experience with getting more than one card with NFCU, i've noticed some members with at least three products can't say i've seen anyone with more than that.
Yes to the six moth mark, or just use the reallocation trick on all new apps. I got my cards well before now and I was not pushing my credit lines at the time. I have since figured out that the system like to match the lines on the two cards. at one point I had my older card at 8k and my newer one at 5 and thought I was at the internal limit because I had asked for 10000 on the older one, many NFCU posts later I realized I had space on the newer one so I requested 25k got the 14k counter then went to the older one and requested 25k and got the 14k counter. I am waiting for my clock to tick to 3 months now. I have read alot of NFCU posts where the OP requested a second card right after a first or a CLI and these almost always decline. However CA normally comes in and recommends the split thing which normally works. Also if you read CA's whole NFCU official CLI thread there is a lot of wisedom contained in it.
*edited typo
and i got a big fat no....crap
over a year....even asked if i could reallocate