Navy Federal Credit Union (NFCU) is the largest credit union in the nation and is known as "The House of High Limits." It is highly regarded for its ability to help individuals build credit. In this lesson, we will learn how to become a member of NFCU, even if you are not affiliated with the military or have any relatives in the military. NFCU has certain rules that should be followed when applying for credit cards or credit limit increases. The 91/3 rule suggests waiting at least 91 days and ensuring that 3 billing cycles have closed before attempting any other credit-related activities at NFCU. This rule emphasizes the importance of allowing sufficient time for billing cycles to complete. There is a belief that applying for credit cards during late-night hours when the NFCU credit underwriting office is closed may increase the chances of instant approvals and higher credit limits. However, the significance of the time of day is debated, and it is generally believed that credit approvals are primarily based on factors such as a solid credit report, verifiable personal identification information, and a good relationship with NFCU. NFCU offers various credit products with high limits and no documentation requirements. The Navy Federal Flagship Credit Card has a limit of up to $80,000 without requiring extensive documentation. Other cards, like Cash Rewards, have maximum limits of $50,000. It is recommended to stick to Visa/Mastercard network versions of the cards and avoid Amex network cards. NFCU also provides personal loans up to $50,000 with no documentation required, home improvement loans up to $50,000 without verifying home ownership, and auto loans up to $100,000 with excellent rates. NFCU offers credit builder products, such as the "Pledge Loan," which is a savings-secured loan that helps generate a positive installment account on your credit profile. This loan does not require a credit check and can be opened even with bad or no credit. Additionally, NFCU offers a secured credit card that helps build credit and can graduate to higher limits and better cards, such as the Flagship, after holding the Cash Rewards card for a year.

Native Currency: TY Points (Thank You Points) - Citibank is a good alternative if you have had issues with Chase or Amex. - They partner with American Airlines for their AAdvantage cards. - AAdvantage cards earn AA miles, not ThankYou Points. - American Airlines points are highly valuable. - Citibank is relationship-based, so it's best to apply in-branch with a banker you have built rapport with. - Some people are datamined into Citibank without knowing it by using Citi Costco Card or Citi Best Buy card. PULLS FROM: - Citibank usually pulls from Experian. - On the business side, they hard pull EQ for approvals but CLI's go through Experian. RULES: - 1/8 rule: You can only apply for one Citi personal card every 8 days. - 2/65 rule: You can apply for no more than two Citi personal cards every 65 days. - 1/95 rule: You can apply for ONE Citi business card every 95 days. - 6/6 rule: You'll be declined if there are 6 or more hard inquiries on your credit report in the past 6 months. CLI's: - Citibank offers soft pulls for credit limit increases (CLI's). Directly from the portal. - Good spend behavior can allow for a CLI every 91 days. - It's recommended to wait 6 months between CLI requests. BONUSES: - Citibank has cooldown periods for card bonuses. - Different cooldown periods apply to different groups of cards. - Group 1 (Premier, Preferred, Prestige, Rewards+): 24-month cooldown period. - Group 2 (AAdvantage + Custom Cash Cards): 48-month cooldown period. - Group 3 (Citi Double Cash Card): No specific cooldown period. - Closing an account from a card family resets the cooldown clock for that family. - Account closure does not reset the cooldown clock for individual AA cards. BEST PERSONAL CARD: - The AAdvantage Executive World Elite Mastercard is highly recommended. - It offers Admirals Club membership with lounge access for you and your immediate family or up to two guests. - The annual fee is $595. - It has 10 authorized user card slots, each with a $175 fee.

City credit card just increased my credit limit without me even asking for a credit line increase.