What's the Navy Federal Credit Union Platinum Credit Card credit limit?

A good credit score is needed for the Navy Federal Platinum Credit Card.

Having the required credit score won’t guarantee you’ll be approved for it, though. Your income and any existing debts are just as important factors, and Navy Federal will take them all into consideration when looking at your application. Also keep in mind that you cannot apply for the Navy Federal Platinum Credit Card without a Navy Federal Credit Union membership.... read full answer

The Navy Federal credit card approval requirements include a credit score of at least 700 (good credit), in most cases. Other Navy Federal credit cards require a credit score of 750+ (excellent credit). However, Navy Federal also offers options for people with bad credit. You also have to be an NFCU member to apply for one of their credit cards.... read full answer

In addition, the issuer will also verify your credit history and ability to pay. Your credit score, income, debt level, and other factors will help determine if you’re approved. This information will also play a role in setting your interest rate and credit limit.

Navy Federal Credit Card Credit Score Requirements by Card

• Navy Federal Credit Union Visa Signature® Flagship Rewards Credit Card: 750 (Excellent credit).
• Navy Federal Credit Union cashRewards Credit Card: 700 (Good credit).
• Navy Federal Credit Union GO REWARDS® Credit Card: 700 (Good credit).
• Navy Federal Credit Union Platinum Credit Card: 700 (Good credit).
• Navy Federal Credit Union More Rewards American Express® Credit Card: 700 (Good credit).
• Navy Federal Credit Union nRewards® Secured Credit Card: 300 (Bad credit).

What Makes You Eligible for NFCU Membership

To apply for a Navy Federal Credit Union credit card, you also have to be an NFCU member. To be eligible for NFCU membership, you or one of your family members must have ties to the armed forces, National Guard, or Department of Defense. This includes active-duty personnel, officer candidates, reservists, and veterans. If none of these apply, call (888) 842-6328 or visit a local Navy Federal branch for assistance.

Information Required for Navy Federal Credit Card Applications

There is a lot of information required on NFCU credit card applications. You will have to provide your name, address, and birthdate, for starters. The address must be a physical U.S. location and not a P.O. Box. You also need to list either your Social Security Number (SSN) or Individual Tax Identification Number (ITIN). Applicants must be U.S. citizens and at least 18 years old to be eligible. If you’re under 21, you need proof of an independent income sufficient enough to make payments.

All applicants must include their employment status, monthly rent, or mortgage payment, and annual income. You don’t need a full-time job to qualify for a card, but you will need to report the sources of any income. This could be part-time salary or wages, rental income, retirement benefits, interest, and/or dividend income, among other sources of income.

The easiest way you can get a Navy Federal credit limit increase is through your online account. Alternatively, you can request a credit limit increase either by sending a secure message or by calling customer service at (888) 842-6328.

You need to wait for at least 3 months after opening your account before asking to get a ... read full answerNavy Federal credit limit increase. You should also wait a minimum of 3 months in between future credit limit increase requests.

How to Get a Navy Federal Credit Limit Increase

• Online: To request a Navy Federal credit limit increase by logging in to your online account.
• Via secure message: You can also get a credit limit increase by sending a secure message through online banking.
• Over the phone: Call customer service at (888) 842-6328.

Be prepared to provide your employment status, annual income and the amount of your monthly rent or mortgage payment.

If you request a credit limit increase, you will be asked to give Navy Federal permission to do a hard pull of your credit report. This lets them assess your creditworthiness. The hard pull will cause your credit score to dip a few points. But your score should rebound quickly if you continue to use your card responsibly.

Navy Federal Automatic Credit Limit Increase

Navy Federal may also extend you an automatic credit limit increase – as often as once every six months but probably not so frequently. The evaluation for an automatic increase uses a soft credit pull, which does not affect your credit score. While Navy Federal will periodically review your account, there’s no guarantee they will give you an automatic increase. You can help your chances by always paying on time and keeping your credit utilization below 30%.