Credit Cards

[pumbaablah]

I just thought I'd give it a try since i have'nt asked in awhile . I used one of the back door numbers posted on myfico and called. After the normal questions about income and employment. About a 5 minute wait I got a 700 increase from 800 to 1500. I may seem like not a big risk but it good to see they still give increases.

[CreditDrama85]

congrats. what are your scores? did they do a hard pull?

[pumbaablah]

680 Transunion    654 Equifax      no hard pull that I know of. Rep said it was a soft.

[PurpleHaze]

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pumbaablah wrote:
I just thought I'd give it a try since i have'nt asked in awhile . I used one of the back door numbers posted on myfico and called. After the normal questions about income and employment. About a 5 minute wait I got a 700 increase from 800 to 1500. I may seem like not a big risk but it good to see they still give increases.

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That's great. Did you have a balance when you applied and if so how much?

[Scuba]

Hi

I tried the same and twice I got a phone number to call in.  The first time I ignored it thinking they might give me a CLI automatically.  No increase.  4 weeks later I tried the CLI button again and got the same number to call in so I did this time,  They wanted to do a hard inquiry and I said NO.  I will spend ny inquiries with a CU that doesn't know me to get a CC vs a bank I have a credit history with.

[DI]

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Scuba wrote:

Hi

I tried the same and twice I got a phone number to call in.  The first time I ignored it thinking they might give me a CLI automatically.  No increase.  4 weeks later I tried the CLI button again and got the same number to call in so I did this time,  They wanted to do a hard inquiry and I said NO.  I will spend ny inquiries with a CU that doesn't know me to get a CC vs a bank I have a credit history with.

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You made the right decision.  No CLI is worth a FICO score decrease.  Afterall, it's not like we're going to use all the available credit on the card.

[hemi961]

Congrats on the increase with BofA, I haven't had much luck getting one from them although I've tried several times during the past year.  The one good thing is that they have never done a hard inquiry with any of the requests.  However, I'm not opposed to trading an inquiry for an increase as the ding for the inquiry isn't as severe as a ding for a new account once you have reached their magic number.   In many instances a CLI is well worth the inquiry.  I got an increase of $3500 from Cabela's last week as well as one for $2500 from NFCU.  I knew that both would result in an inquiry but I have gladly subjected myself to inquiries for new cards with credit limits of less than that.  It's all a matter of what your individual circumstances are, and in my case I'd rather get a CLI than a new account in order to increase my available credit.  While it is true that we may not use all our credit limits, it is nice to have a little extra breathing room.  

So again, congrats, you are doing something right in BofA's eyes.  I need to copy your formula.

Message Edited by hemi961 on 12-05-2009 09:33 AM

[laz98]

my gf just applied for a CLI on her card, & the denial letter said she had a serious delinquency on her report....there is nothing negative on her reports at all!  a late payment to a student loan a year ago is the only negative AT ALL.

[pumbaablah]

hey sorry for the late response. My balance was 35.00 when I asked for the CLI. I really don't use this card at all except for MYFICO scorewwatch monthly. I would like to get the accelerated cash BOFA AMEX one day and i was very tempted to app for it but I was like no. I think I'll have a much more better chance at that maybe next christmas. It also sucks that you can not just get the card and keep your old history. Another reason why I dont want it