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Frequent Contributor
Woolfman
Posts: 498
Registered: ‎01-29-2009
0

Re: Bank of America Credit Limit Increase Question

personally ... i just hate calling and answering the questions.  especially ones like... why do you want the CLI .. I dont have an answer for that question... Just because?


Starting Score: 680
Current Score: 761 From 12/11/2013
Goal Score: 800


New Member
Dession
Posts: 7
Registered: ‎10-28-2011
0

Re: Bank of America Credit Limit Increase Question


Woolfman wrote:

personally ... i just hate calling and answering the questions.  especially ones like... why do you want the CLI .. I dont have an answer for that question... Just because?


Ahh I see. I think calling helped me get a higher CLI. She asked me why I wanted a new card and I said "This is the lowest limit credit card I have now, and I I'd like to keep improving my credit ultizilation." She then saw an inquiry from AmEx on my report and said "I see you just got an American Express card, in order to stay competitive and continue to be your #1 choice we're going to increase your limit." It was higher than what I requested online. :smileytongue:

Fico- EQ: 727 (10/28/11), TU: 733 (10/28/11), EX: 753 (10/25/11)
Established Contributor
frogfan12
Posts: 872
Registered: ‎10-16-2010
0

Re: Bank of America Credit Limit Increase Question

I received a letter in the mail saying that my request was declined. Yet I was approved for a card from Citi with a $5K CL like two days later. I am done with BOA at this point.


Starting Score: 760
Current Score: 716 Equifax 754 TU 736 Experian
Goal Score: 760
Frequent Contributor
Woolfman
Posts: 498
Registered: ‎01-29-2009
0

Re: Bank of America Credit Limit Increase Question

Logged in this morning to BOA and my CL was increased by 1.5k . went from 3.5k to 5k .    I asked for 7k .


Starting Score: 680
Current Score: 761 From 12/11/2013
Goal Score: 800


Established Contributor
UFGuy2006
Posts: 745
Registered: ‎08-02-2008
0

Re: Bank of America Credit Limit Increase Question

Requested and received an increase from 20k to 25k... resulted on a hard pull on TU. 

FICO: EX: 743 (10/14); TU: 758 (9/14); EQ 721 (9/14)

In My Wallet: Amex X 5 | Barclays X 3 | BOA X 1 | CapOne X 3 | Chase X 3 | Citi X 7 | DCU X 1 | Discover X 1 | Fidelity X 1 | Fifth Third X 1 | Macys X 1 | PenFed X 1 | PSECU X 1 | Sams Club MC X 1 | Target RedCard X 1 | USAA X 2 | US Bank X 1 | Walmart X 1 | Wells Fargo X 1 = 36 Cards

Holding off apps until the end of the year! Wish me luck!
Valued Contributor
scottwagnon
Posts: 1,350
Registered: ‎02-07-2010
0

Re: Bank of America Credit Limit Increase Question

Ok folks, the results are in, finally, been waiting all week:

 

i want to confirm i was denied a credit limit increase, and here are the reasons:

 

Dear Scott,

You are not approved for an increase because,

 

The amount of credit cards and available credit that you already have is appropriate based on your credit information and the spending history of your account.

 

so i am curious,

 

could the amout of income i entered into the cli request form be a probable factor? i kind of hope not. because that was the only reason why i was denied for a citi cli on a hard pull.

 

yes, my available credit limit exceeds that of my annual household income; if anyone wanted to know this.

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Moderator
MarineVietVet
Posts: 14,902
Registered: ‎07-14-2009
0

Re: Bank of America Credit Limit Increase Question


scottwagnon wrote:

Ok folks, the results are in, finally, been waiting all week:

 

i want to confirm i was denied a credit limit increase, and here are the reasons:

 

Dear Scott,

You are not approved for an increase because,

 

The amount of credit cards and available credit that you already have is appropriate based on your credit information and the spending history of your account.

 

so i am curious,

 

could the amout of income i entered into the cli request form be a probable factor? i kind of hope not. because that was the only reason why i was denied for a citi cli on a hard pull.

 

yes, my available credit limit exceeds that of my annual household income; if anyone wanted to know this.



This is the same response I got several months ago when I asked for a CLI on my 2 BoA cards.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Valued Contributor
scottwagnon
Posts: 1,350
Registered: ‎02-07-2010
0

Re: Bank of America Credit Limit Increase Question

[ Edited ]

oh btw, I FORGOT TO MENTION, BECAUSE OF MY CLI DENIAL,  i received my EX FICO!!!! AWSOME! hauling, now i can show you my ex fico score! :smileyhappy: :smileyhappy: :smileyhappy: smiley veryvery happy!!!

 

Scott, as of october 30, 2011 your EXPERIAN FICO SCORE IS 749

 

:smileywink:

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Valued Contributor
scottwagnon
Posts: 1,350
Registered: ‎02-07-2010
0

Re: Bank of America Credit Limit Increase Question


MarineVietVet wrote:

scottwagnon wrote:

Ok folks, the results are in, finally, been waiting all week:

 

i want to confirm i was denied a credit limit increase, and here are the reasons:

 

Dear Scott,

You are not approved for an increase because,

 

The amount of credit cards and available credit that you already have is appropriate based on your credit information and the spending history of your account.

 

so i am curious,

 

could the amout of income i entered into the cli request form be a probable factor? i kind of hope not. because that was the only reason why i was denied for a citi cli on a hard pull.

 

yes, my available credit limit exceeds that of my annual household income; if anyone wanted to know this.



This is the same response I got several months ago when I asked for a CLI on my 2 BoA cards.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".


phew!!! i would assume your income is much greater than mine. my current total credit limit (including non reporting and store credit is currently 72600). mvv, what is yours?

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Moderator
MarineVietVet
Posts: 14,902
Registered: ‎07-14-2009
0

Re: Bank of America Credit Limit Increase Question


scottwagnon wrote:
 

phew!!! i would assume your income is much greater than mine. my current total credit limit (including non reporting and store credit is currently 72600). mvv, what is yours?



I don't know about the income part but my total CL's are $53,750. The 2 BoA cards together are $19,300.

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".


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