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Navy Fed increase or new card?

chantheman1
Member

Navy Fed increase or new card?

I have had the cash rewards card now for almost two years, always paid on time. I always have an auto loan, always on time. Good history with the bank for years.

My cash rewards card, at first I was offered a higher limit but asked for a lower limit at 9k. 6 months or so ago they did a limit increase to 11,100 on their own without me asking. 

Just paid my balance down to 2k.

Can I ask for an increase now or should I apply for the platinum? I need a 25 k limit now. 

 

Fico 8 around 700 + across all three CB 

 

Message 1 of 6
5 REPLIES 5
Girlzilla88
Valued Contributor

Re: Navy Fed increase or new card?

@chantheman1    Why not shoot for both?!     Sounds like you are in a good spot for another card, and afterwards you can ask for a CLI via online to see if you can get a CLI on your CR Smiley Very Happy










Message 2 of 6
AllZero
Super Contributor

Re: Navy Fed increase or new card?


@chantheman1 wrote:

I have had the cash rewards card now for almost two years, always paid on time. I always have an auto loan, always on time. Good history with the bank for years.

My cash rewards card, at first I was offered a higher limit but asked for a lower limit at 9k. 6 months or so ago they did a limit increase to 11,100 on their own without me asking. 

Just paid my balance down to 2k.

Can I ask for an increase now or should I apply for the platinum? I need a 25 k limit now. 

 

Fico 8 around 700 + across all three CB 


Based on the data you provided, I think your outlook is good on a 2nd card for the Platinum, perhaps with a 5 digit credit limit. Good luck. Hope to see your approval in the approval forum.

 

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards

Message 3 of 6
cashorcharge
Valued Contributor

Re: Navy Fed increase or new card?

I've read this a lot @Girlzilla88 

Apply for the 2nd first, then do the CLI

Message 4 of 6
M_Smart007
Epic Contributor

Re: Navy Fed increase or new card?


@cashorcharge wrote:

I've read this a lot @Girlzilla88 

Apply for the 2nd first, then do the CLI


+100

Message 5 of 6
MrZero
Regular Contributor

Re: Navy Fed increase or new card?

Yeah, new card before CLI, even a smallish one could cause you to hit the wall, boy did I learn that lesson.😂

Updated 5/23/21.



Total Inquiries/12mo: EX: 4/2|TU: 5/2|EQ: 2/0
Derogs: 0
AAoA: 3Y2M w/AU, 1Y2M w/o AU.
AoOA: 1Y5M.
AoYA: Opened 5/23/21.
Total CL: 27,900
Utilization: ~5%

Message 6 of 6
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