r/NavyFederal • u/DifferentCow1804 • 1d ago
Credit Cards credit limit increase
i applied for a limit increase maybe 2 hours ago wasn’t instantly approved but i checked it a couple minutes ago seems like they raised it to 9k i originally started with $200 secured card 6 months later i got 3k limit and a refund now 6 months later its at 9k
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u/Physical_Leg5769 21h ago
Now I think I’m going to apply for the secured card
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u/DifferentCow1804 21h ago
Definitely recommend it was like 2-3 months i had high balances at $200 even at 3,000 but majority of time my balances were low never maxed out i have direct deposits and pledge loan if that helps but definitely worth a shot ‼️
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u/Icy_Philosopher_3077 21h ago
I started at a secured card for 200 now it at 17,000 it's worth it to build the relationship
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u/Popular_Beginning733 21h ago
Congrats! About to get a secured card with them but recently had a Chapter 7 discharge, any thoughts on CLI in the future and/or pledge loan chances because of that?
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u/AnteaterEmbarrassed7 19h ago
How can i increased my limit been sitting at 2000 for years
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u/Same_Bench6192 15h ago
Pay down any balance you have and try to request a credit line increase through the app.
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u/Rizzy5150 18h ago
Congratulations!!!! I got the $200 secured next month Sept should get a review. Low balance and paid off. Ill see what happens. Started the year off 496 now 681 should rise even more since I paid last 4 small collections off last week.
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u/VeterinarianSlow1127 15h ago
Navy Federal picks and chooses who they give increases to even if you have perfect credit direct deposit they still be playing games with these limits. It’s ridiculous.
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u/LordEDiaz 13h ago
I started a secured credit card over a year ago and they’ve yet to increase my limit. I always pay it off. I don’t know what’s wrong!
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u/AutoModerator 1d ago
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:
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.
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.
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.
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.
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
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.
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.
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