topic Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice in Credit Cards

Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

tennisfan78 — Sun, 15 Apr 2012 04:09:54 GMT

Hi I have BOA platinum plus visa card for with a credit limit of $500. I have had the card for about 6 months. Thinking of asking for a credit limit increase. I have heard that BOA is closing accounts, when asking for CLI requests lately, is that still true?

Also, would you recommend to ask for a product change, and then eventually request for a credit limit increase? (I heard platinum plus doesnt have higher limits). If that is the case, would that result in another hard inquiry or will it be a soft, as I have an existing account? Also, if product change is the recommendation, which product do you suggest?

Please share any experiences you might have had in this regard.

Thank you

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

tray — Sun, 15 Apr 2012 03:07:19 GMT

tennisfan78 wrote:

Hi I have BOA platinum plus visa card for with a credit limit of $500. I have had the card for almost $500. Thinking of asking for a credit limit increase. I have heard that BOA is closing accounts, when asking for CLI requests lately, is that still true?

Also, would you recommend to ask for a product change, and then eventually request for a credit limit increase? (I heard platinum plus doesnt have higher limits). If that is the case, would that result in another hard inquiry or will it be a soft, as I have an existing account? Also, if product change is the recommendation, which product do you suggest?

Please share any experiences you might have had in this regard.

Thank you

You can have a high credit limit with the platinium plus boa card, i have this card and my credit limit is $5,000.00 with the help of cli's over time, also you can call boa for a product change, I just did i went with the boa power rewards card as boa's visa signature cards do not report a cl, but the 123 boa card would be nice i think for you if you do not have any other cards with those type of rewards. Good Luck

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

tennisfan78 — Sun, 15 Apr 2012 04:16:24 GMT

Thank you for the reply. Did you request CLI on your platinum plus card online over the time? or did you call them?

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

saaws — Sun, 15 Apr 2012 05:02:06 GMT

In my case I started mine as a secured BoA Platinum plus card with 25$ annual fee, $500 deposit in 2007/10. It's 2012/4 now and my limit is $6,000.

History

2007/10 $500 deposit

2008/10 $500 Graduated, deposit came back

2008/12 $800 asked for cli, granted

2009/02, 2009/05, 2009/12 asked for cli, didn't get it (my utilization/DTI was high)

2010/05 $1200 asked for cli, granted

2010-2011 asked for cli intermittently, didn't get it

2011/06 $2000 asked for cli

2011/12 $4000 asked for cli

2012/04 $6000 asked for cli

in 2010/09 I got chase visa signature with 5K limit, and then the latter half of 2011 I got 3 other credit cards that are $5K or more credit limits.

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

calogan — Sun, 15 Apr 2012 10:41:39 GMT

tennisfan78 wrote:

(I heard platinum plus doesnt have higher limits).

I had an over 10k limit on that card with them, it's not limited - but once you're at a credit score capable of getting those limits without them batting an eyelash you should also look into a PC to a rewards card.

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

tennisfan78 — Sun, 15 Apr 2012 19:57:08 GMT

Thank you for all the suggestions! I appreciate it :)

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

tennisfan78 — Sun, 15 Apr 2012 20:45:13 GMT

tray wrote:
tennisfan78 wrote:

Hi I have BOA platinum plus visa card for with a credit limit of $500. I have had the card for almost $500. Thinking of asking for a credit limit increase. I have heard that BOA is closing accounts, when asking for CLI requests lately, is that still true?

Also, would you recommend to ask for a product change, and then eventually request for a credit limit increase? (I heard platinum plus doesnt have higher limits). If that is the case, would that result in another hard inquiry or will it be a soft, as I have an existing account? Also, if product change is the recommendation, which product do you suggest?

Please share any experiences you might have had in this regard.

Thank you
You can have a high credit limit with the platinium plus boa card, i have this card and my credit limit is $5,000.00 with the help of cli's over time, also you can call boa for a product change, I just did i went with the boa power rewards card as boa's visa signature cards do not report a cl, but the 123 boa card would be nice i think for you if you do not have any other cards with those type of rewards. Good Luck

I just chatted with BOA online and requested to make a product change to 123 rewards card as suggested and it was approved :) The agent mentioned that the credit limit will stay the same ($500). I am thinking of requesting for a credit limit increase once I get the new card in 2-3 weeks. Thank you for all the suggestions!

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

tray — Mon, 16 Apr 2012 01:50:51 GMT

Congratulations on the new product change, to answer you question op I went online to ask for a cli but in the past boa was good about just soft pulls, nowadays you are taking a chance with a cli request being a hard pull or soft, but on this forum with the backdoor numbers you can always call a credit analyst directly and request a cli and also ask if it will be a hard pull or not. Good Luck

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

tennisfan78 — Tue, 17 Apr 2012 03:59:15 GMT

Thank you. Looks like the credit limit requests are mostly hard inquiries now. But, I will call the back door number when I get the new card and see what they say :)

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

tennisfan78 — Tue, 17 Apr 2012 04:02:13 GMT

saaws wrote:
In my case I started mine as a secured BoA Platinum plus card with 25$ annual fee, $500 deposit in 2007/10. It's 2012/4 now and my limit is $6,000.

History
2007/10 $500 deposit
2008/10 $500 Graduated, deposit came back
2008/12 $800 asked for cli, granted
2009/02, 2009/05, 2009/12 asked for cli, didn't get it (my utilization/DTI was high)
2010/05 $1200 asked for cli, granted
2010-2011 asked for cli intermittently, didn't get it
2011/06 $2000 asked for cli
2011/12 $4000 asked for cli
2012/04 $6000 asked for cli

in 2010/09 I got chase visa signature with 5K limit, and then the latter half of 2011 I got 3 other credit cards that are $5K or more credit limits.

Thank you for all the information. I appreciate it. I will slowly try to work my way up, just like you did. :)

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

HikingFICOMountain — Thu, 19 Apr 2012 17:45:48 GMT

Has anyone had luck with getting BOA CLI by going into a branch and speaking with a representative in person?

Or does it all happen elsewhere? Will backdoor analyst work better?

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

HikingFICOMountain — Thu, 19 Apr 2012 18:10:51 GMT

Just FYI

I am in GA. I call the BOA backdoor # and asked the analyst what CR they pull for CLI. She said they pull TU first.

Re: Bank of America Platinum Plus Credit Limit Increase (or) Product Change advice

tennisfan78 — Fri, 20 Apr 2012 02:57:24 GMT

I had to call BOA about the product change and asked the customer rep, if credit limit increase request will result in a soft pull or hard pull, and she mentioned that it will be a hard inquiry. Just FYI.