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Valued Contributor
Posts: 1,552
Registered: ‎08-30-2011
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Re: BankAmericard Credit Limit increase

[ Edited ]

+1 to what others have said about the HP.  Bite the bullet and go for it!  You've got a year's history with them, shoot for $5K.  It's likely you'll either get it or BofA will counter offer.  I have the card, tried for a CLI from $7500 to $10K and was instantly approved.  Didn't know what to expect with CLI request, so figured I wouldn't get too greedy!  $10K is fine for me, especially since I also now have a Merrill Lynch Platinum Plus from BofA as well, with another $10K CL.

EX = 828 EQ = 828 TU = 827 as of 02/2016
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Frequent Contributor
Posts: 270
Registered: ‎10-05-2012
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Re: BankAmericard Credit Limit increase

I asked for CLI in early Jan online. They HP TU.  Did not have any Inq on TU at the time.

 

I was at 8.3k, asked for 15k, they automatically gave me 10k, I called to recon, but a no go.  Account only 8 months old.  Started with 2k limit in April.

 

 

About 319k in Credit Lines
CSP 29.9k, Citi DP 20.52k, Citi Hilton 20.3k, Chase Marriott 12k, Chase IHG 5k, Sams MC 20k, Amex Hilton Surpass 2k, Hawaii Air 23k, Discover More 25.75k, Chase SWA 3.5k, WF PLOC 10k, B of A Visa 30k, Wells Plat Visa 8.3k, RC Willey 5k Discover IT 14k, AMEX TE 6k, Pen Fed Visa 33.7k, Pen Fed PLOC 25k, Lowes 25k
Contributor
Posts: 103
Registered: ‎07-15-2012
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Re: BankAmericard Credit Limit increase

I would say ask for way more. I had a cl of 500 and after 11 monthe of having the card and pif every month, I asked for a cli of 2500 more. I figured go big or go home, the guy just asked me why I needed the increase ( I said I wanted to cl comparable to my other cards) and then within 2 seconds he said congrats we are able to give you that increase... 

 

Chase Freedom 3000
Chase Sapphire Preferred 5000
American Express Blue Cash Preferred 6300
Bank of America Travel Rewards 5000
Bank of America Cash Rewards 3000
Discover IT 4000
Best Buy 4000
TU 733 EQ 743 EX 722
New Member
Posts: 5
Registered: ‎04-02-2012
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Re: BankAmericard Credit Limit increase

Well I tried. Did it online, and I asked for 2,000 total credit limit, told them I made $29,000 per year with rent of only $250 per month. They said they'd send a letter with the response within 5-7 business days.

 

I don't think that sounds promising. That was Saturday, and so far nothing's changed online. Should I call in and see what they say, maybe try to sway them?

Regular Contributor
Posts: 207
Registered: ‎01-26-2013
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Re: BankAmericard Credit Limit increase


Kamama wrote:

Well I tried. Did it online, and I asked for 2,000 total credit limit, told them I made $29,000 per year with rent of only $250 per month. They said they'd send a letter with the response within 5-7 business days.

 

I don't think that sounds promising. That was Saturday, and so far nothing's changed online. Should I call in and see what they say, maybe try to sway them?



I just recently asked for a CLI on my BankAmericard on 2/01. They did a HP and pulled my TU (I'm in CA). I asked if it can be a SP, but he informed me that CLI's are always HP...YMMV. The CLI was instant. As soon as I got off the phone with the analyst, I logged on to my online account and saw the new credit limit.

 

I would definitely call in and speak to a credit analyst. They'll ask you a few questions about your CR, such as any delinquencies, your card utilization, etc., as well as your income, job status, and the reason you want the CLI. You have a higher chance of getting a CLI if you call in since you can explain your situation in depth. As long as you have a good account history (at the very least, a year) and you have no major derogs in your CR, you shouldn't have an issue getting an increase. I even got a letter about my request and it also included my TU FICO score.

 

Good luck!

Discover IT: $19k | Chase Freedom: $5k | CSP: $7k | Amex BCE: $25k | BofA Cash Rewards: $8,4k | Citi DC: $5,9k | Cap1 QS: $6k | Sallie Mae: $8k | US Bank Cash+: $5k | Chevron: $3,5k | Macy's Amex $4,2k | Kohl's: $3k
Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0

Re: BankAmericard Credit Limit increase

I'd open a diff card; you'll prob get a much higher limit!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k

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