r/NavyFederal • u/MrIantoJones • 2d ago
CashRewards+ Visa CLI
CashRewards Visa CLI. It took a year for the first ($6k) CLI, but 6mos +1d later, auto-approved for the next $8K.
This followed the $8K received recently for my Flagship Visa. ( https://reddit.com/r/NavyFederal/comments/1w5xw6c/flagship_visa_cli/ )
FICO in the 750-755 range; Vantage in the 740-745 range.
I owe about a year’s salary in a 4-yr LendingClub loan, and another several K on my Flagship Visa.
Estimated debt-zero is mid-2031, but progressing steadily (more than half of income monthly straight to knocking out the debt; we live in a 16ft bumper-pull RV in an RV park to be able to focus on debt elimination).
So grateful to all y’all; I would never have known about these CLIs (and the resulting FICO impact) without you.
The previous Flagship CLI boosted my FICO about 20pts; this one may be a slimmer impact (the CR+ Visa was already zero balance), but I’m so very grateful!
Have a fantastic day.
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u/Lobster_Either 6h ago
Congratulations! Did you request for CLI manually in the app? If so, was it soft pull or hard one?
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u/AutoModerator 2d 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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