I have it. I only asked for 3K and that's what they gave me. I'm going to ask for a CLI in a little while (read: a few months). I thought about that vs a signature loan....and called and asked them some questions. For what I'd use it for and want to potentially do with it...the LOC is better than a sig loan.
I have used it recently: I am still in the process of converting my main banking to Navy and don't have checks yet, so I haven't started the direct dep. I do push money into that account biweekly though.
I traveled recently and took that ATM card with me. I was gambling and needed more money LOL!!
So I went to the atm and withdrew a few dollars. It gave me what I ask and on the "backside" advanced it from NavChek. When I came home, I transferred money from another account to "pay back" the NavChek. It was easy...and since it was paid so soon, no Fin.chg.
I have recently used it again to do a BT of sorts from a higher IR card. The card is paid off and I'll pay off NavChek in two payments or so...but save interest since it's a lower rate.
I was thinking that I wanted to get a signature loan for that just in case money....but that's what the LOC is for. I had the concept confused.
"...what good do your words do if they can't understand you??...."