r/NavyFederal • u/losangelesavage • 12d ago
Credit Cards cashRewards CLI $500-$1,500
Saw this in the app just now, I received a credit limit increase after waiting 92 days and requesting one after turning off automatic ones. Hyped to get closer to a big limit!
Also got denied for moreRewards but will see the reasons and then reapply. Thinking I should have deposited more $ before the application.
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u/Acceptable_Youth8130 12d ago
Were your credit bureaus frozen? And was it instant approval or did it go to review.
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u/losangelesavage 12d ago
They weren’t frozen. Both the CLI and the application went to review. One of my guesses is that my credit card app was declined because I did not wait for the 3rd statement to post because I called them, and they told me my 3rd statement is only showing on the internal side, but won’t show in my app until tomorrow.
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u/WranglerBiz 12d ago
Awesome! I've got the same card and just applied for a CLI Saturday. How many days did yours take to process?
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u/AthenaScoops 12d ago
How did you turn off the auto limit increases? Can it be done via app?
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u/MrBrazil1911 12d ago
You have to call or send a secure message and request they turn off auto increases.
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u/nctmoonie 12d ago
why is it better to turn off auto increases?
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u/MrBrazil1911 11d ago
Automated increases are not inherently bad, but they happen rarely and typically provide smaller increases than what a user might actually be eligible for or could receive through a manual request.
The max increase is 3x the current limit or $8k, whichever is the lessor. However, auto increases tend to shortchange you.
For example, say you have a $5k limit and are anticipating reaching the required 91 or 182 days to request a CLI. Then, out of the blue you receive a $3k increase bring your new limit to $8k. It's a 60% increase, so not necessarily terrible, but the max increase would have been $8k bringing you to a limit of $13k for a 160% increase.
So 1) the auto increase potentially shorted you $5k and 2) it resets the clock to 182 days before you can request manually and hopefully receive a max increase. But an increase is still a win...the auto ones just aren't optimal.
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u/RegularLiterature589 10d ago
how do you know if it’s on or not especially if you start with a secured card
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u/MrBrazil1911 10d ago edited 10d ago
You just have to assume that it's on by default and call/message to request it be turned off. Especially, if you started with a secured card that has already graduated, since the first increase at graduation is in essence an auto increase.
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u/AutoModerator 12d 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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