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Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008

B of A and the Luv Button

I've been noticing when I log onto my B of A account, there is a link labeled "Request a Credit Line Increase" in the account summary.  My CL is $7,500 with bal. of $3,720 (a 0% BT bal).  This is my only CC reporting a balance since I PIF all the others before the statement drops.  My total CL's are $40,050 so overall util. is 9%.

 

Does everyone see this or is B of A offering me a plum.  I'm trying to avoid it but my curson keeps drifting over the link . . . . will they pull a hard inquiry?  Will it cause a CLD? . . . . help me credit addicts, I'm losing the battle . . . : :smileysad:


Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


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Senior Contributor
UpUpUp
Posts: 3,017
Registered: ‎06-03-2008

Re: B of A and the Luv Button

I see it all the time, even after I have requested a CLI. Though, I'd be weary about pushing it with the recent rash of CLD's they just did. Anyway you can get your balance down closer to 20% or so before giving it a whirl?
Senior Contributor
BungalowMo
Posts: 4,095
Registered: ‎05-01-2008

Re: B of A and the Luv Button

Ummmm....what battle are you losing?  You look to be sitting in a fairly winning spot to me!

 

 

***wanna trade battles??   :smileyvery-happy:  



Starting Score: 07/2011 TU 732 EQ 717 EX 702
Current Score: 04/2013 TU 744 EQ 720 EX 712
Goal Score: 850


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Bury me in the garden...last app 03.31.13
Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008

Re: B of A and the Luv Button


BungalowMo wrote:

Ummmm....what battle are you losing?  You look to be sitting in a fairly winning spot to me!

 

 

***wanna trade battles??   :smileyvery-happy:  


 

The battle for the High Achievers Club.  I've brought my scores from low 500's to where they are today in less than two years by following the advice of the posters here (and one other forum that will remain nameless).  I currently have no baddies on any report but my AAoA is still too short (1.5yrs), and too many apps (18 on EQ).  So, I'm in the "Credit Gardening" group now and YES!, it's a much more comfortable position than the one I just left so I don't intend to get greedy . . . just stay comfortable . . . :smileytongue:


Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


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New Member
Toolman
Posts: 4
Registered: ‎07-19-2007

Re: B of A and the Luv Button

The Luv Button at B of A was dangerous for me. Hitting the button reduced the credit lines on my three accounts from 33.2k to 14.5k. They told me that the CLI request triggered the CLD.

Established Contributor
Ulan
Posts: 790
Registered: ‎09-09-2008

Re: B of A and the Luv Button


Toolman wrote:

The Luv Button at B of A was dangerous for me. Hitting the button reduced the credit lines on my three accounts from 33.2k to 14.5k. They told me that the CLI request triggered the CLD.


That's insidious. How did they explain that? Did they claim the button was just mislabeled and meant to read "Request a Credit Line Decrease"?

 

I always fear that this happens and have stayed away from any CLI requests lately. Now that I could only stop getting new cards :smileyvery-happy:.

New Member
Toolman
Posts: 4
Registered: ‎07-19-2007

Re: B of A and the Luv Button

I did not receive an immediate answer to my CLI request. I viewed my accounts the following day and the credit lines were decreased. Naturally, I phoned them to inquire why they CLD me and they told me that after viewing my credit (soft pull), they determined that I had too much available credit. Their loss, I haven't used the cards since........and don't plan to. 
Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008

Re: B of A and the Luv Button

Ahhhhhh . . . That did it . . . . no luv button for me . . . .  :smileymad:

 

I'm going to print this and tape it to my monitor to remind me to put my trigger finger back in my pocket . . LOL


Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


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Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007

Re: B of A and the Luv Button


Itsmeagain wrote:

BungalowMo wrote:

Ummmm....what battle are you losing?  You look to be sitting in a fairly winning spot to me!

 

 

***wanna trade battles??   :smileyvery-happy:  


 

The battle for the High Achievers Club.  I've brought my scores from low 500's to where they are today in less than two years by following the advice of the posters here (and one other forum that will remain nameless).  I currently have no baddies on any report but my AAoA is still too short (1.5yrs), and too many apps (18 on EQ).  So, I'm in the "Credit Gardening" group now and YES!, it's a much more comfortable position than the one I just left so I don't intend to get greedy . . . just stay comfortable . . . :smileytongue:


If your scores are mid 700's with an AAofA at 1.5 years I would say you are doing very well. As for BofA I would leave the CLI button alone until you pay off your balance. Then I would wait a bit longer. Until the smoke clears any contact with them could result in CLD. 

Senior Contributor
FretlessMayhem
Posts: 3,279
Registered: ‎08-03-2007

Re: B of A and the Luv Button

BOA hates util. I'd wait until you get the balance on their card paid down to less than 10 percent. They CLD'd me for carrying a BT balance on their card. My util at the time was 25 percent on their card, nothing on any others.
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