@audia4 wrote:
@Anonymous wrote:
I never knew that there was a switch how retarded of boa. This bank is tooo way too stingyExactly. Never heard of this before on ANY cards. So I completely had no clue how to respond to this. LOL It's definitely being a bit stingy, which is surprising when there are so many other competitive cards out there willing to give increases as seen fit.
Or, just decide to use a HP, ask for the moon on the card you want to increase ($40,000 should about do it) and let them counter or give you $40k. Then in 6 months to a year the HP fades anyway, but you've got the CLI now.
HP do not cost anything. With a score over 760, a HP is kind of "meh".
Your time spent waiting for the mythical BofA SP CLI however, well, you can choose to spend your time that way. Or look for a unicorn in your back yard. Equal likelihood of finding either 
@CreditMagic7 wrote:
@audia4 wrote:
@CreditMagic7 wrote:
@audia4 wrote:
@CreditMagic7 wrote:
@Anonymous wrote:First I've ever heard of an auto increase button. I have a hunch this CSR was blowing smoke.
Oh no something to hear like that is not new at all. (if it does actually exists)
Dunno about BofA besides OP's experience from that correspondence but i do know, and it's been posted as much, that Barclays has that "flip the button" thing in play for auto-cli's. So it's been told to some their cardholders anyway.
Or they used to anyway. Barclays might have even changed that after they pulled their prequal off air way back when but Barclays are the one's i first heard about a "auto-cli button" for computer generated auto raises to limits.
With BofA you CANNOT simply sit back and wait. You have to be proactive and go after the limit you expect. They are not softies and WILL require a solid HP but you bet your boots that they do make it well worth the pull for many here.
Bottom line is don't just relax and think no matter how well you handle all your accounts including BofA they will eventually SP CLI those cards because they won't, except some lucky few as of late who have been getting them like that.
If you need a better limit with BofA you MUST be aggressive and work for it and if that means a HP so be it.
Well now that you brought up Barclays...I have a Sallie Mae card as well that has NEVER had a CLI either. I have been stuck at 10k since I got it March 2014. So you are saying this IS a company that has this "flip button" that you have to get them to turn it on as well?
I refuse to have a HP put on my credit by asking for an increase...even with BOA or Sallie. I just don't want it. I have plenty of cards with good limits, so it's not like I "need" an increase, I just like to see those limits go up.
But not at the expense of being put on my credit report.
I only have 1 HP on my TU credit report and it drops off in Aug and 2 HP on my EQ that will drop off Jan & Oct of next year.
That's exactly what i'm saying and has been confirmed by more than a few members here who posted on that "magic auto cli button" which no doubt is computer model generated if they even still use such a control.
That's what i call it anyway, a form of control.
Call barclays sometime and ask about that. No joke.
Wow, that is amazing. Who would have ever thought. I will have to go back and do a search and see what others are posting and read up. I went to the "contact us" button on my Sallie just now and sent a message regarding the CLI and hopefully they will respond. If not, I guess I will be calling.
I like to share some posts about that but one of them i believe is buried well inside the 969 reply topic "Barclays, let's put our heads together" thread and there's not enough time tonight to dig that out.
If you do call just hint around about that. I'm not sure if all of their U/W staff is equipped with it or if it's even still used because most people JUST LIKE YOU FOUND OUT had no idea either.
And none of us really know if it's just a canned response to throw us off or it is indeed a real deal.
Thanks for this info and the topic header. I will see if I can find it tomorrow some time and read up on it.
@NRB525 wrote:
@audia4 wrote:
@Anonymous wrote:
I never knew that there was a switch how retarded of boa. This bank is tooo way too stingyExactly. Never heard of this before on ANY cards. So I completely had no clue how to respond to this. LOL It's definitely being a bit stingy, which is surprising when there are so many other competitive cards out there willing to give increases as seen fit.
Or, just decide to use a HP, ask for the moon on the card you want to increase ($40,000 should about do it) and let them counter or give you $40k. Then in 6 months to a year the HP fades anyway, but you've got the CLI now.
HP do not cost anything. With a score over 760, a HP is kind of "meh".
Your time spent waiting for the mythical BofA SP CLI however, well, you can choose to spend your time that way. Or look for a unicorn in your back yard. Equal likelihood of finding either
+1 Great advice! My DH's BofA cash rewards card started at $5K in January 2013. In less than 3 years with 4 HPs, it now has a $40K limit. And, he just got instantly approved for their Travel Rewards card in late January with an $18K starting limit. BofA can be extremely generous, so the HPs definitely can be well worth it.
Good luck!!
There are a lucky few that received SP CLIs from BoA. Like others have mentioned if you want a CLI from BoA you may have to bite the bullet and take a HP. Since I've been a BoA customer, they have been very clear that customer initiated CLIs are HPs. As others have stated, BoA is usually very generous with CLIs. Like with anything YMMV. Best of luck to you!
I'd like to add that I was in the same boat OP. I had BofA cash rewards card since May 2013. No increases at all while all other cards grew. I tried a HP and got denied last June. But out of nowhere last week I got an email and they gave me an auto $4K increase. This was with me being at 85% utilization on their card because it was mid cylce and I hadn't paid it yet. Very strange. I had given up on them for sure and was about to sock drawer it.
@Anonymous wrote:question: are we suppose to EXPECT auto CLI from ALL our CC lenders??? sorry, im newb to credit. maybe i'm going about this whole CLI thing the wrong way. enlighten a newb pls. thanks!
It very much depends on the bank.
US Bank, yes, expect an auto CLI within a year of opening, and about 40% of CL as the CLI.
Capital One? Maybe, if you are in a Credit Steps program. Otherwise, not auto, but can be SP request.
AMEX? If you really push the lmit hard, you may see an auto CLI. I went from $2k to $3k by running to within $50 of the $2k. Kind of hard to do with a $10,000 limit. Otherwise, it's easier to use the 3X SP CLI request (see separate thread)
Chase? Yeah, no to the auto CLI, or at least, not often. HP CLI if asking.
Citi has a SP request option, have not heard much about auto CLI
Discover - Generally SP CLI requests, and random amounts are returned, but keep hitting the luv button to try again. They may give auto CLI if one pushes the limit.
So, generally, expecting an auto CLI is a rare occurrence. The bank algorithm may look at the cardholder activity and say "You have a $2,000 limit, of which you have used $1,500 and paid it down. We are fine with that level of risk and you have not exceeded your credit limit". If you take the $2,000 card to $1,900 on a regular basis, that may lead to an auto CLI. With a card that has a $11,000 limit and $10 in charges every three months? The bank algorithm looks at that and wonders why the card is even open. "No auto CLI for you!"
ETA: With my BofA AMEX, when it had the final CLD to $12,700, I got a nice BT offer in November 2014, so loaded up $10,700 on BT onto the $12,700 limit, 84% utilization, and they responded a few months later with the $3,000 auto CLI to $15,700, to help with utilization. If you want a CLI, either ask or put a heavy load on the card. Others will have examples of light usage leading to some auto CLI, but those are rare.