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Navy Federal Credit Union CC application

New Member

Navy Federal Credit Union CC application

Hi all and thanks for reading. 


I'm a new member but have been a silent reader for quite a while now. I'm interested in applying for a navy federal credit card and would like to get an idea of what my approval odds are. I joined Navy last week 09/11/20. I applied for an auto loan refinance the next day (9/12/20) and was denied on the spot. They said the reason for denial would be in the letter they mail to me. I have relatively good scores; Eq FICO:718; TransUnion Fico: 751, Experian Fico: 710. 4 30 days late CC payments (1 in december 2017 and 3 in January 2019). Income of $93.6k and DTI just below 10%. $2k in revolving credit with Utili of %9.4 (don't really use credit that much). When I applied, both my savings and checking with Navy showed a $0 balance and I had not set up my direct deposit yet. I have since set up direct deposit for 75% of my paycheck and the first one will be deposited tomorrow 09/18/2020. 

I called today to speak with a CSR since I have yet to receive the letter. I was told the app was denied due to information in my credit report. I'm not sure what Navy saw that was such a red flag to their own standars because I was able to refi with my other CU (Apple) at 2.94% which is their top tier and was also offered a CC with SL of 3k with the same pull. So I'm curious to know why the same credit report (Transunion was pulled by both Navy and Apple) that got me a top tier rate at Apple, also got me denied at Navy. 


Anyway, I hear a lot of good things about Navy and would like to build a relationship with them for my future borrowing needs. I would like to use them when buying a house in a couple of years. I'm thinking about applying for one their credit cards and see if I can get approved. However, I'm not sure if it's such a good idea since I was just refused an auto refi less than a week ago and still waiting to know why exactly. 


Any feedback would be greatly appreciated. I look forward to being a member of this community and contributing when I can. 

Message 1 of 3
Frequent Contributor

Re: Navy Federal Credit Union CC application

When I started I was refused a 3k car loan. 2 years later I got a 5k cc. Sure other know more,  but give it a couple months and try again. Good luck! 

Message 2 of 3
Valued Contributor

Re: Navy Federal Credit Union CC application

Something must be up as they are usually pretty lenient with auto loans.  See what the letter says.

Biz |
Current F08 -
Current 2,4,5 -
Current F09 -
No PG Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k, B&H Photo, $5k
Message 3 of 3
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