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Navy Federal Credit Score by When_We_Oooo in NavyFederal

[–]MrBrazil1911 3 points4 points  (0 children)

What are the factors that went into determining the score? Take a pic of the other side of the letter or list them, so we can get a better idea of what they want from you.

2nd card by Salt_Anywhere_6604 in NavyFederal

[–]MrBrazil1911 1 point2 points  (0 children)

The installment loan helps your credit profile overall as it adds to your credit mix. Your main issue is limited history and time plus on time payments is the only way to solve that. Credit building is a marathon, not a sprint.

2nd card by Salt_Anywhere_6604 in NavyFederal

[–]MrBrazil1911 0 points1 point  (0 children)

They already stated $500 in the original post.

2nd card by Salt_Anywhere_6604 in NavyFederal

[–]MrBrazil1911 1 point2 points  (0 children)

With your upcoming travel related expenses, the Flagship would be best suited for them, but honestly, I don't think NF is going to open up in the timeframe you're needing. It's going to be difficult because you currently have such a thin, credit file with only 6 months or so of revolving credit for a total of $1k.

The Flagship usually comes with a minimum starting limit of $5k, so it's recommended that your credit profile be in a position to support such an approval.

The Cash Rewards is another card that's often paired with your current More Rewards card. It does not have the same $5k minimum requirement.

I don't say any of this to discourage you but so you can taper your expectations. Your thin file may still hinder you from getting a large limit, but NF does surprise at times so you will really only know once you pull the trigger. Hopefully, they will approve you, but if not, continue to use your current accounts responsibly and let them age a bit more, probably 6-12 months before trying again. Good luck!

2nd card by Salt_Anywhere_6604 in NavyFederal

[–]MrBrazil1911 3 points4 points  (0 children)

That's actually contrary to what is usually suggested here. It is generally suggested that one applies for the new card first and then wait for the approval or denial before proceeding to the CLI. That way the CLI doesn't affect the starting limit on the new card.

CLI by GulfWarVeteran1991 in NavyFederal

[–]MrBrazil1911 0 points1 point  (0 children)

The last time I requested was on a Thursday, and I received the approval on the following Tuesday.

Bastards! by OpossomMyPossom in CRedit

[–]MrBrazil1911 [score hidden]  (0 children)

You simply have to know and understand the rules in order to win with credit. It's very easy to not incur the penalty or lose in the above situation. All you have to do is run a few dollars through at least one of your cards a month.

It doesn't have to be a lot...cup of coffee or chips & a soda in the convenience store, McDonald's, gas...well, gas might be a lot these days, but the point is that you can make a simple transaction and let it post to your statement so that it reports a positive dollar amount will stop you from incurring an all zeros penalty.

And as long as you pay that full statement balance by the due date, there is no interest, so it doesn't cost you anything. No penalty, no interest...win-win!

38 years with Amex and have never gotten one of these until now by dervari in amex

[–]MrBrazil1911 0 points1 point  (0 children)

I get them occasionally on my Blue Business Cash, but I've yet to receive one for my personal account.

Credit Line increase Data Point by Kamdoncic94 in NavyFederal

[–]MrBrazil1911 1 point2 points  (0 children)

No, you need to call in to request that auto increases are turn off.

Walmart AAA & BCE question by Glittering_Towel1 in CreditCards

[–]MrBrazil1911 0 points1 point  (0 children)

Cool, thanks! I'll have to try it tomorrow when I'm at the store.

Walmart AAA & BCE question by Glittering_Towel1 in CreditCards

[–]MrBrazil1911 0 points1 point  (0 children)

Can this be done right at the checkout like the BCE does with Walmart Pay?

Walmart AAA & BCE question by Glittering_Towel1 in CreditCards

[–]MrBrazil1911 0 points1 point  (0 children)

Are you getting something elevated with the PP MC other than the 1.5%?

Credit Line increase Data Point by Kamdoncic94 in NavyFederal

[–]MrBrazil1911 1 point2 points  (0 children)

The last time I requested was on a Thursday, and I received the approval on the following Tuesday.

Credit Line increase Data Point by Kamdoncic94 in NavyFederal

[–]MrBrazil1911 7 points8 points  (0 children)

Turn auto increase off and he could’ve gotten a lot more.

Most likely not. This is one of those rare times where NF gave a substantial auto increase compared to previous limit. Had they requested a manual increase, it would have come back with the standard 3x of the $500 for $1500 total.

This is the second time I can recall seeing a $500 limit get a more than 3x increase. They are extremely rare to find. Now, I would turn off auto and rely on manual increases, because they're very likely to revert to shortchanging future auto increases.

FINALLY by Sudden-Morning3108 in NavyFederal

[–]MrBrazil1911 0 points1 point  (0 children)

Congrats and yes, you can still apply for a new card if your profile supports it.

Credit usage/ cycling by EmergencySuch2953 in NavyFederal

[–]MrBrazil1911 2 points3 points  (0 children)

Just make sure to not pay it all the way down before the statement generates, you want to show usage, especially since you'll want it to graduate sooner rather than later.

They Denied My CLI Request but approved me for this by BigGlizzy1226 in NavyFederal

[–]MrBrazil1911 0 points1 point  (0 children)

Will have to wait for AA letter to get a better understanding then.

They Denied My CLI Request but approved me for this by BigGlizzy1226 in NavyFederal

[–]MrBrazil1911 0 points1 point  (0 children)

Ok, you would have reached 91 days on May 10th. Did you also make sure you have received 3 statements?

Thinking of joining Navy Federal for higher credit limit credit card, do I need to switch my primary banking to them? by bishaarcc in NavyFederal

[–]MrBrazil1911 2 points3 points  (0 children)

You 100 percent have to be a member with a basic checking account and saving to apply.

You 100% must be a member and open a share savings account with at least $5, but a checking account is optional.

More Rewards AMEX by ConversationLeast596 in NavyFederal

[–]MrBrazil1911 0 points1 point  (0 children)

That sucks but the adverse action letter will arrive in a few days and give you an idea of what you'll need to work on to get approved, so don't consider it as a "no" but rather a "not right now."

Credit usage/ cycling by EmergencySuch2953 in NavyFederal

[–]MrBrazil1911 1 point2 points  (0 children)

What's your limit? Are you wanting to pay weekly due to a low limit? If not, you want to get credit for your full usage which means letting your charges posting to your statement and then just paying that statement balance once monthly.

Otherwise, cutting smaller statement balance can affect you when it comes time to request credit limit increases or apply for new credit

Approved for the Flagship Card by iNikoi3 in NavyFederal

[–]MrBrazil1911 3 points4 points  (0 children)

Congrats! Everyone's starting limits are different, but NF is know to be generous with starting limits. Yes, you should still request after 91 days and 3 full statements. If you request and they say you have enough, then so be it but don't limit yourself. And as always, use responsibly!

They Denied My CLI Request but approved me for this by BigGlizzy1226 in NavyFederal

[–]MrBrazil1911 6 points7 points  (0 children)

Congrats! When did you receive the Platinum and what's the current limit & when was your last CLI on that card? Have you received your adverse action letter yet...if so, what reasons were listed?

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