@WTL1 wrote:Hmmm. I'm one heck of a lurker here, not all that chatty about my own situation, but your post begs for my DP.
My AoOA is 10 years, AAoA is just below 3 years, 3 accounts opened in 2019. My visa/MC account limits are typically $8K-10K limits currently, I have an Alaska Visa that's $12K
I joined Navy mid-Oct. Savings and checking, token amounts deposited, no real use since then. Jan 4, got the bug, apped for Platinum Visa online. Instant approval, $15,000 @ 14.49%. TU F8 763. Current DTI was ~6%, plus I have a PL with Lending Club I took out for debt consolodation in July '19, $24K@6.5%APR that was about 45% paid down.
I did 2 BT in Jan and 1 in Feb, highest amount owed on card reached `$8500 in mid Feb, so a little more than 50% of CL
Paid down card with multiple payments totaling $1850 in Jan, $1450 in Feb, $3450 in Mar
Besides the BTs there were minor additional charges, my primary CC is an Airline card (hence the BTs)
And now the meat: at 95/3 via the web page request (not via the mobile app) I requested CLI to $45K (it showed a max allowed request amount of $50K).
There was no immediate response, but about an hour later available credit showed an increase of $8K. The next day the credit line showed a limit of $23K.
And that's it! I'll try again in 6 months. The only other CC I'm interested in is possibly the Flagship, but not really sure I can use the points.
That is very helpful! Thanks for those data points. Your experience sounds very very similar to mine. I had a somewhat higher credit score and older file, so it sounds like those helped me to get the better APR. But I think my recent app-spree & new accounts may have kept me from getting the higher $15K SL they offered to you. We both did BT on significant part of our limits and then both got the $8K increase, which is what I've read is typical for the maximum increase they'll normally offer at one time.
@Cred4All wrote:There were a few of us here I can recall right off the bat... (not naming names though as they can speak up if they wish)... me being one of them. Similiar scenario as you in that I joined Navy one day, apped the next day for the Flagship, and although my income / scores / cards were all in great shape I was given the lowest APR and $10k limit. Alot of great folks across MyFico, many starting with that $25k limit, but I didn't receive that until I earned it with them the hard way, a few CLI's later... and then my 2nd card finally yielded the $25k amount. Can't explain what they look at exactly but, still a phenominal CU to be a part of!
Yes they are and worth putting in a little effort to build the relationship with them. It sounds like my experience is very typical for new account holders but that the limits do loosen up with time and history. I didn't realize until fairly recently how much they value relationship. For that matter, I'm learning that most banks value relationship much more than I ever knew. Opening banking or other credit accounts with most lenders seems to lead to the higher limits over time. And SLs with a FI you already have history with are typically higher than those with a new FI.
@Anonymous wrote:$8K seems to be the CLI cap from what I've seen. Each CLI request can yield $8K but I can't think of many examples where someone got more than that at once. That's still $16K of new credit per year without having to open a new card. If you want to leapfrog, open a new card and ask them to merge the old into the new one.
Thanks, @Anonymous. That's what I planned to do eventually. Open maybe three cards and eventually consolidate the limits back to two cards. I did (and am continuing to do) something similar with Chase and it works well with them too.
@Cred4All wrote:There were a few of us here I can recall right off the bat... (not naming names though as they can speak up if they wish)... me being one of them. Similiar scenario as you in that I joined Navy one day, apped the next day for the Flagship, and although my income / scores / cards were all in great shape I was given the lowest APR and $10k limit. Alot of great folks across MyFico, many starting with that $25k limit, but I didn't receive that until I earned it with them the hard way, a few CLI's later... and then my 2nd card finally yielded the $25k amount. Can't explain what they look at exactly but, still a phenominal CU to be a part of!
Question for you - are most people (including yourself) getting the NFCU CCs just for the util thus raising their credit scores? I checked their cards and they don't seem to be that special (no offense to anyone, just saying). Looking over your sig IMO you have a lot better cards that what they are offering so I am curious why you got NFCU cards?
I never thought of getting a card just to help with my credit score - but I guess it makes sense to do so if NFCU is willing to give high CL's and make it easy to get multiple cards. I just can't see me getting a card just for the sake of having one and not using it.
@WTL1 wrote:Utilization is certainly one interest I had, but I opened a Platinum Visa in January because they run a Balance Transfer special for two months, 0% or 1.9% interest for 12 months, no fees.
And, the Platinum and Flagship potentially have quite low APR's.
Logical, as Mr. Spock would say 
