BofA CLI "7-10 day message"

[2011beginnings]

I've had my BofA Cash Rewards since 2011.

This was one of my second credit card; first being AMEX Green. The limit started at $2500. I used it heavily and even maxed it out (way before I understood credit and utilization).

I paid it off after the intro 0% period and asked for a $2500 increase around November of last year. Instantly approved

Last night, I requested $15000. I received the 7-10 message so I figured decline.

I just signed in and my new limit is $7500. I barely use this card and recently it just gets random $20 purchases here and there. Mostly my go to gas card when the Discover 5% ends.

Should I be content with the $7500 limit or see if I can get it higher (closer to $15000)? My income is 33,000. Is that why the limit was countered so low.

Either way I'm happy bc the hard inquiry has already reported and I didn't want to get NO increase.

Current utilization before increase across all cards was 4% and 0 balance on the card, too.

[09Lexie]

Congratulations on your CLI. Calling may result in an additional Hp. If you need the CL and they will not pull your cr again- then you might as well ask.

[2011beginnings]

Eh good point. I rather not have another CLI. Although I only have two on the report they pulled; two is enough!

[FinStar]

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@2011beginnings wrote:
I've had my BofA Cash Rewards since 2011.

This was one of my second credit card; first being AMEX Green. The limit started at $2500. I used it heavily and even maxed it out (way before I understood credit and utilization).

I paid it off after the intro 0% period and asked for a $2500 increase around November of last year. Instantly approved

Last night, I requested $15000. I received the 7-10 message so I figured decline.

I just signed in and my new limit is $7500. I barely use this card and recently it just gets random $20 purchases here and there. Mostly my go to gas card when the Discover 5% ends.

Should I be content with the $7500 limit or see if I can get it higher (closer to $15000)? My income is 33,000. Is that why the limit was countered so low.

Either way I'm happy bc the hard inquiry has already reported and I didn't want to get NO increase.

Current utilization before increase across all cards was 4% and 0 balance on the card, too.

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Considering income factors, lack of much usage and their review for the $7,500, I would be content.  Of course, if your spending habits change and your income increases significantly to warrant a higher CLI, then sure... go for it.