cancel
Showing results for 
Search instead for 
Did you mean: 

BOA $99/$500 Card Unsecured, but no CLI

Established Member

Re: BOA $99/$500 Card Unsecured, but no CLI

Thanks Fretless!  I was debating whether to apply for a second secured card and deposit a higher amount.  Though interestingly I am an AU for another card with a $14K limit (also always PIF >10% utilization.) 
Moderator Emerita

Re: BOA $99/$500 Card Unsecured, but no CLI

Hi StartingSlow,

 

I had a BoA fully secured card that unsecured and remained at the same 2k limit that I had while secured. As a matter of fact, it stayed that way until I got my credit scores into the mid-600s, and was able to do a product change to a new card. Then, things took off. My limit is now 7k.

 

I would suggest that you keep using the card, PIFing, and get your scores above 600, then request a product change. I think you'll see a world of difference in what BoA is willing to do for you.

-------------------------------------------


Friendly, Supportive & Respectful


Understanding Your FICO Score  |  Credit Scoring 101  |  Common Abbreviations  |  FTC: FCRA Links  |  FTC: FDCPA Links  |  Opt-Out  |  State Resources


"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli

Established Member

Re: BOA $99/$500 Card Unsecured, but no CLI

That's a great idea, LilMirth.  I was actually just on the phone with the folks at BofA to ask if there's anyway I can turn my CC back into a secured card to help build a stronger credit line.  I did not think about requesting a product change.  My EQ is currently 689 but with this credit environment, I suppose even nominal CLIs are hard to get.
Established Member

Re: BOA $99/$500 Card Unsecured, but no CLI

Just as a followup, I called the BofA CS number and just got a product change from Platinum Plus to the Worldpoints Rewards card.
Frequent Contributor

Re: BOA $99/$500 Card Unsecured, but no CLI

As I understand it, that's not a PC.  They just add the Worldpoints Program to your Platimun Plus card.  At least, that's what they did for me.

Starting Score: 540 EQ 517 TU on 11/17/08
Current Score: 668 EQ 726 TU
Goal Score: 760 EQ 760 TU


My Credit Repair Journal
Valued Member

Re: BOA $99/$500 Card Unsecured, but no CLI

Hi all,

 

I had the same problem of no CLI after it unsecured, so I finally spoke to a credit analyst today (after repeated denials from the online requests).  He stated that due to high utilization (overall) they couldn't approve a CLI.  He stated that BOA likes to see at least 60% available credit for total utilization.  Currently I'm at 35% overall availability.  Hope this helps.  BTW I'm still stuck at the $500 limit - my account was the emerging credit card until January 09 then changed to the World Points Visa.   

Highlighted
Established Member

Re: BOA $99/$500 Card Unsecured, but no CLI

I actually called BofA back after reading some posts on the forum.  The CSR told me that the Worldpoints card that I will be receiving is the same one as on the BofA website and I will not be charged an annual fee (like I am with the Platinum Plus card.)  The rep also mentioned that I will receive new features, such as rental car insurance. 

 

Here's the link if you want additional card features:

http://www3.bankofamerica.com/creditcards/?context_id=marketing_detail&offer_id=ECOMM0908ANQ00500800...