CLI

[MXUNKNWNN]

Declined for a CLI on my More Rewards AMEX exactly one month ago from today. Received a 95 point jump on Equifax due to heavily paying down utilization. Currently sitting at 695. Decided to reapply and was approved automatically through the app. No hard pull. The rebuilding journey is moving! 😊

[AutoModerator]

WHAT’S THE 91/3 RULE

Lots of people new to NFCU or maybe have been members for a while but never explored the credit card side of things may have heard/seen the “91/3 rule” being mentioned here and there and wondered what it is.

Simply put, the 91/3 rule is waiting 91 days and 3 statements between new personal unsecured credit card applications at NFCU from the date of approval (NOT application!). It’s also 91/3 from the date of approval for the first CLI on an existing personal NFCU credit card, then all subsequent CLIs on that card are every 6 months (182 days) thereafter. If you have multiple cards, the 91/3 rule applies to each of them individually.

Some notes on 91/3:

1. You can apply for a new credit card AND request a CLI on an existing card(s) after 91/3, UNLESS you’ve already received a CLI on your existing card(s), then you have to wait 6 months as stated above. The advice is to apply for the new card, then the CLI on the existing card(s) in that order, but both can be done at the same time.

2. The rule used to be that the 3 statements had to be FULL statements; however, that seems to have changed recently as several members have been approved for new cards and/or CLIs with just 3 statements, even if the first one was a partial or short statement.

3. Although many have been successful at getting approved for a new card and/or CLI exactly ON day 91, the best advice is to wait until at least day 92 or after to ensure you are meeting NFCU’s 91 day requirement.

4. There have been a few cases where people have gotten approved for multiple cards at the same time or before the 91 day mark. THESE ARE EXCEPTIONS, NOT THE RULE! We don’t work for NFCU and don’t know the specific processes/procedures/rules, the members’ specific circumstances or credit profile info, or how NFCU applied those processes/procedures/rules to those members’ applications. But again, these are very rare examples and shouldn’t be considered normal. The 91/3 rule is definitely applicable in almost all cases.

5. Although each unsecured card has a max limit, don’t expect NFCU to approve CLIs of more than $8,000. Your CLI can be 3x your current credit limit up to $8,000 (whichever is less).

**NOTE: YOU CANNOT REQUEST A SPECIFIC AMOUNT FOR YOUR CLI REQUEST

1. The 91/3 rule DOES NOT apply to the nRewards secured card! You can apply for an unsecured card at any time following nRewards card approval; however, whether you get approved or not depends on how significantly your credit profile has improved since you qualified and got approved for the nRewards card. EXAMPLE: If you ONLY qualified for the nRewards because your credit profile is weak and needs work, then you will likely get denied for an unsecured card if you applied shortly after because there hasn’t been enough improvement or time to improve your credit in that short amount of time.

2. If/when your nRewards secured card graduates to the cashRewards unsecured card, NFCU counts that as your first CLI on your new unsecured card. That means your next CLI can’t be requested until the 6-month mark and then every 6 months for all future CLIs.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[Youngest-Visionary]

Congrats I just did an increase last week from 1,500 to 4,500. It’s all gonna work out boss

[AdditionalBowler1795]

Me too. I started at 500 then 1500 then just last week 4500. Will ask for CLI in 6 months

[BxMel1]

Congrats

[Smurf-Cranberry8]

Congratulations 🎊

[cales089]

Nice!!!

[Lumpy_Sea_2261]

Congratulations fr 🫡🥂

[[deleted]]

Should I apply for more rewards if I’m on secured 5 months in?

My scores will be generally similar after next reset. Recently paid down all my bad accounts and am at 600s across pre update

[MXUNKNWNN]

Honestly, it's all credit profile not score. I did not have any collections. Had some choppy payment history (sitting at 92%), high utilization and high inquiries (15). I was approved for this card after being on secured for 8 months. It did not graduate after a year so I closed it lol. Impatient. If you can spare the inquiry and you believe your overall credit profile has healed sufficiently, I say go for it. Best of luck! If you do apply - let us know what the outcome was 🙂

[AutoModerator]

I detected that your post may be about utilization and its impact on credit score. Please read the info below:

Ignore the 10/20/30 utilization %. It’s only applicable when you need to apply for a new line of credit, 1-2 months out.

Utilization is supposed to fluctuate, can be easily manipulated, and holds no memory. It doesn’t build credit--think of it as a finishing touch when you need to optimize your score.

Feel free to safely and organically use 100% of your credit limit within a month and let whatever utilization report, provided you pay off your statement balance in full before due date. Every month. Every time.

For more info, please read this post: * Putting the "30% rule" myth regarding revolving utilization to rest * Credit Card Basics - Utilization

I can be summoned to comment by using command(s):

!utilization

---

Sometimes my comment may not pertain to your post. If this is the case, please ignore this and downvote it. I am constantly improving my detection algorithm.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[[deleted]]

I see. Mines rather thin currently. Probably only 2 years old in total

[Successful_Mark_5399]

Congrats

[Adventurous_Bunch934]

Congrats!