02-12-2013 05:51 PM
What are the chances of a CLI approval from $2K to $3K with a balance on the account of $400.00? BOFA seems to be a stickler for a lot of things so out of curiosity - what are the chances?
02-12-2013 06:00 PM
02-12-2013 08:05 PM
That's an interesting thought. I didn't even think about that when I asked for my cli on Bank of America cash rewards. I had a balance of 60 dollars, but my cl was only 500 dollars. The rep didn't even mention it. I think they mainly look of your payment pattern thoug, because he did ask if I was planning to continue paying in full each month. I think that Al's long as your balance is low on all your other cards then it shouldn't really matter. I guess it depends on how long you've had the card and your payment pattern/history.
02-12-2013 08:13 PM
BofA cannot just use utilization as a metric for determining a CLI. I just went from a $13.5K CL to $20K with a 95% utilization. They probably acknowledged that I was paying my card on time for years, even with the utilization. It can be done.
02-12-2013 08:48 PM
I have hold the BOA cash rewards cards for more than 4 months (perfect payment history) before I ask for a CLI from 1000 to 2500. I was approved instantly but it is a HP...
02-12-2013 09:27 PM
In my 16 years of experiance with b of a they like two things for credit limit increases. Looooooooong history and pay in full customers. We have never once been denied a cli since 96 and I've asked 3 times. We had the card at around 25k at one point but they actually called during the credit crunch and asked if we would mind if they lowered our limit to 13k. did have no use for a limit thigh even that high so it was no problem and they even stated that we could call in and tell them to raise it back to where it was if we ever needed it. Haven't needed it yet and don't plan on needing it. We charge about 3-4k monthly and pay in full each statement balance and have done so without fail since 96.
02-12-2013 10:53 PM
02-13-2013 08:17 AM - edited 02-13-2013 08:18 AM
requested CLI on my 3-2-1 card after 3 months of having it. requested 5k from 1.5k. approved for 3k and it WAS a hard pull using online button.
all CLI's with BOA will be hard pulls no questions asked
02-13-2013 11:05 AM - edited 02-13-2013 11:07 AM
I was carrying 310/1200 balance my first(unsecured) CLI with BOA. My card had just graduated at 10 months, and i requested this CLI from 1200 to 3000 about 2 weeks later in July. THey had me call in and i was hard pulled, but it only took 5 minutes to get it approved. next CLI was instant approved(3000 to 6000) with a balance of 52/3000 at the end of October-also hard pulled. Both CLi's initiated online.
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