Hey guys. So I am trying to get the limits up on a couple of my credit cards into the 10-15,000 range. I just got my Discover card from 2000 to 4500 a couple weeks ago. Today, I requested a Bank of America CLI of 2500 from a 700 limit and got it! Happy about it, but I feel I should have asked for more and could have got accepted for more with this inquiry if it turns out to be a hard pull. My question is, when is the next time I should hit the CLI button on the BoA card and for how much?
I would say after 6 months. I only had my BOA card for 6 months when I clicked the luv button. Current limit was 5k and asked for 10k. Approved instantly (I also wondered if I could have gotten more). Then was approved for a 2nd BOA card for 8k the next week. YMMV of course.
I have mine down on my spreadsheet as every 6 months.
I just got mine raised last month from $ 500 to $ 3,500, after having the account for 2 years. I think I had asked for $5,000. So if you shoot for the moon, they should counter instead of just denying outright. YMMV
And congrats on both CLI's!
Okay cool. What type of spreadsheet template do you use pt310? That seems like a simple way to organize bills and goals.
I just created a spreadsheet on Excel. Nothing special, but I made sure it has all the necessary info. I add a new section and update it every month.
(I'm an accountant in real life, so spreadsheets are just what I do. I make a spreadsheet for EVERYthing! LOL)
lol Okay cool. Thanks a lot for the advice, I think I am going to start one on monthly expensives and important financial dates and goals.
nice same here i hit that luv button every 2 months its a soft pull anyways today my 6th statement cut hit that luv button and bam 14k to 17.5k 3rd increase with BOFA just last month i was decline for increase I ask for 25k and it was HP today was soft pull and was instant