@Janneman wrote:
@acreditdummy123 wrote:they give me 20-30K credit lines for any card i apply for and i dont keep any $ with them, so its probably your credit reports and profile. They take long af to process my payments so i closed all my cards with them. the reason i even keep the membership is to brag that i have it lol
First, I do not know whom your above posting is referring to. Secondly, you said that "they give me 20-30k credit lines for any card I apply for" then I assume you are talking about Navy Federal as "they". Thirdly, I do appreciate your feedback and personal opinions on the topic at hand, however, please try to understand that-(a) its widely discussed and at some extent proven strategy on various credit forums including this one that if one could open as much as accounts with NFCU then their internal score with NFCU would go higher which NFCU uses to approval any of their products. That's the reason they have those score system intact at first place. Now, how true its then I personally don't know. I for myself used to believe all along until now on the strategy on how to increase internal score with NFCU, but in my personal opinion its just not true.
When I had no account with NFCU a few years ago except just the membership, I right away got approved for one of their credit card with a credit limit of $25k right out of gate the moment I became their member...and now when my membership and credit card account grew over the years and I opened two different checking accounts, two different saving accounts (Money Market account is one of those two), Pledge Loan, Certificate of Deposit, and my weekly salary is being deposited in this CU as DD...and actively and heavily use my accounts and waiting so many years and then NFCU approved me only for $1k limit !!!!!!....They downgrade me and penalized me for being a member for so many years and to have so many accounts and activities with them. And all these when my credit score shot up so higher in mid 800s across all credit reports and almost zero utilization.
Thus, even though I respect everyone's opinions on here, I only believe my own experience and knowledge on this CU. And I strongly believe that one doesn't need to open all kinda accounts with this CU as it won't increase your score nor it would help you get anything. Approval of an application and SL would depend on your credit reports and information on the application. This CU is not a relationship kinda CU as what its believed to be. I would firmly stand by my such opinions on this CU which is why I am not in the process of closing down every single account with CU and would just keep the credit cards...
And no matter what other people's opinions might be about this CU, those opinions would be based on assumption anyway. My credit reports and my history with NFCU has been picture perfect, yet still I end up with only $1k SL...There is no any reasonable explanation anyone could give. NFCU has failed too to provide me a rational reason as to why I was eligible only for this toy limit. I am not gonna spend my time, energy and efforts in dissecting to would, should, could, but, if, etc...this and that....blah...blah..blah because I know no point to discuss all that when it comes to this CU...because this CU is a very strange and unpredictable one...no one knows how it operates or what's their modus operandii or their underwriting criteria/rules...even those work for this CU know nothing about it...Thereby, I have accepted all this...it is what it is...and moved on....because we would never ever know why NFCU did this....
I am still happy that I am given $50k CL on other card...and this recent card would grow in one and half year than what I was hoping for...in one shot...but its all fine..rather than in one shot, now it would take a year or so for it to grow. I am still feel blessed that this CU has given me all this credit...and would give more in the future....I am all set for now...No hurt feelings...Cheers...Happy Holidays, ya'll.....
You're at their maximum credit for your profile. They don't have a graceful (human) way of moving over credit lines from the bigger card and rather than reject you or allow you to pull CL from your 50k card, you get the token limit.
It's the drawback of being a CU, you don't get fancy technology like Amex that can pull limits from current cards and grant you an acceptance using the limit from your other cards with them. Or GS with the Apple Card style of approval.
I'm sure they would change it if they could.
In 50 years, I'm sure every app will be Apple card style, with a firm offer with limit and APR provided prior to HP.
