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00:00:00 – 00:06:50
The video predominantly offers insights and strategic advice on managing and increasing credit limits with Navy Federal Credit Union. Key points include understanding the 91/3 rule, which requires waiting 91 days or three full statement cycles before applying for a new credit card or credit limit increase, and focusing on strategic timing based on one's credit score and banking history. The speaker outlines the process for avoiding hard inquiries by requesting credit limit increases through the Navy Federal app, suggesting that this can positively impact credit utilization and scores. Furthermore, they advise asking for substantial increases and reapplying every 91 days to potentially reach the maximum limits of $50,000 or $80,000, depending on the card type, and explain that members can hold up to three personal credit cards. The importance of building and maintaining a relationship with Navy Federal, especially for individuals with lower credit scores, is stressed, recommending an initial three-month period of using their services before applying for new credit products. The video also positions the speaker as a resource for personal and business credit, real estate, and mortgage loan advice, encouraging viewers to subscribe for more tips and engage with further consultations.
00:00:00
In this part of the video, the speaker addresses a frequently asked question about whether one should apply for a new credit card or a credit limit increase with Navy Federal after the 91/3 rule. The rule requires waiting 91 days or three full statement cycles before applying for a new credit card or a credit limit increase. The speaker emphasizes the importance of being strategic by considering credit score, duration of banking with Navy Federal, and the time of the last credit activity with them. For those with an existing credit card, it’s advised to wait over 91 days before requesting a credit limit increase or applying for a new card. Additionally, the speaker explains that applying for a credit limit increase through the Navy Federal app results in a soft pull on the credit, avoiding a hard inquiry. They suggest applying for a credit limit increase first, allowing it to report on the credit, which can lower credit utilization and boost the credit score. This, in turn, can increase the chances of approval and potentially lead to a higher credit limit for the new card application.
00:03:00
In this part of the video, the speaker discusses strategies for managing and increasing credit limits with Navy Federal Credit Union. Key points include applying for a new credit card with Navy Federal to achieve both a credit limit increase and a new card with only one hard inquiry. The speaker advises requesting credit limit increases every 91 days until reaching the maximum limit of $50,000 or $80,000, depending on the card type. The video emphasizes asking for significant increases rather than small amounts to maximize the limit granted. It also explains that members can have up to three personal credit cards, with additional cards possible through authorized user status or business accounts. The speaker highlights the importance of building a relationship with Navy Federal, especially for those with bad credit, by using their banking services for at least three months before applying for new credit products. The segment concludes with a call to action, encouraging viewers to engage in comments and consider one-on-one consultations offered by the speaker.
00:06:00
In this segment of the video, the speaker encourages viewers to subscribe to their channel, which covers topics such as personal and business credit, real estate, and other financial subjects. They highlight that their channel provides tips on obtaining high credit card limits, boosting personal credit, securing business credit, exploring mortgage loan programs, and delving into real estate advice. Additionally, the speaker mentions being a licensed real estate agent and mortgage loan originator, and offers their contact information for any related inquiries.