Secured Navy Federal Credit Card I was just discharged from my Chapter 7 bankruptcy on 10/23/2023. I was pre-approved for a secured credit card through Navy Federal. They were included in my bankruptcy for the amount of $13K. Do you think my card will be switched to an unsecured card after 12 months, even with including them in my bankruptcy?
Then i got a 3K Share savings loan. I also set up direct deposit with Navy. I also got Ally Credit Card, Mission Lane, Toyota Store card, Target store card, and 2 secured US bank credit cards. I carry a 0 balance as per the chapter 13 requirements. (Must carry less than 1000 in debt) At the 3 month mark, navy federal increased my 500 limit to 900.
What is the max limit for the navy federal cash rewards visa? I had a 300 secured card for 14 months and it graduated to unsecured 2k limit. Hit the 2 year mark a month ago and requested an increase to 5k. Got a denial letter saying I reached navy ferdals maximum unsecured credit limit. Anyone got similar experience?
Re: Navy Federal nRewards Secured CLI You can increase the credit limit by adding funds. If you're referring to the card graduating, it usually happens anytime after the sixth month. You've only had your card three months so you're on the right track.
Forbes: Navy Federal Credit Union CashRewards Secured Card Review: Get Unlimited Cash Back
Navy Federal Credit Union CashRewards Secured Card Review: Get Unlimited Cash Back
Building your credit back is possible with secured cards that reward good habits. Navy Federal's cashRewards Secured card can help users build credit and earn unlimited 1% cash back on every purchase.