1. I had a SM convo seeking my "price you pay" letter from Navy. I was informed that they are not required to send said letters when the individual receives a rate in their "lowest tiers." I thought it was only when they give the lowest rate? I'm like 4% over the minimum APR.
2. I was told "the CC Lending Team will only utilize [the] internal Navy custom score with new CC apps". (I don't know if they meant that's the only time its used or if that's the only score used in the decision. Also said they don't update the custom score on existing CC accounts.
We all know CSRs can be misinformed, but thought I'd share. Thoughts?
[Mods: I placed this here, but it relates to CC apps. I was unable to find navy labels etc., in the App subforum. If it's more appropriate to move elsewhere, please do what's best. Thanks!]
I'm not able to answer question 1.
TU New CC application.
EQ CLI request
They have been known to switch it up. They may or may not use a combination of internal score and credit report.
At the 1 year mark you can request APR reduction.
Based on your profile, I see a 5 digit SL in your future. Their 2nd card is known to be generous.
As far is WHICH algorithm, I do not know.
I can only guess they would use either or both at thier disposal.
2nd card issued can be $25,000.