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Frequent Contributor
minimock
Posts: 443
Registered: ‎10-23-2010
0

Re: BofA Cash line

I have 10k CL and 10k Cash limit on my siggy card.

 

One difference might be the banking relationship. I have Checking/Savings and a Merril Stock account. The CC is also tied into my checking for overdraft.

Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014



US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)


Valued Contributor
scottwagnon
Posts: 1,342
Registered: ‎02-07-2010
0

Re: BofA Cash line

my cash line still equals my credit line until oct. 4th.

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
Frequent Contributor
minimock
Posts: 443
Registered: ‎10-23-2010
0

Re: BofA Cash line

Dont know why they are cutting back, the have 5 Billion New Buffet Dollars :smileyvery-happy: 

Scores: EQ (FICO) - 730 | EX (FICO) - 722 | TU (FICO) - 713 - 06/25/2014



US Airways MC (5 K) | US Airways World MC (10 K) | Chase United Airlines Sig VISA (5K) | BOA Rewards Sig Visa (10K) Citi Dividend Plat MC (5.6K) | Discover Miles (6.6K) | AMEX BCE (7 K) | AMEX Plat Delta (11 K) | BOA PLAT (7.5K)


Valued Contributor
Mustanglvr2006
Posts: 1,971
Registered: ‎02-06-2011
0

Re: BofA Cash line

[ Edited ]

scottwagnon wrote:

my cash line still equals my credit line until oct. 4th.


Same here, I called and asked if it's something I did?

 

I was told "No" its across the board, everyone's cash advances will be cut to 30% of their CL starting Oct 4th.

 

What's funny is I initially had the BankAmericard Cash Rewards Visa Siggy and it reported no CL, so I PC'd it over to the Bank of America World MasterCard Cash Rewards (there is two ways they can set it up)

1. As a Visa Siggy (Should show no CL)

2. As a Platinum (Will show a CL)

 

I was going to have it set up as a Platinum until the rep explained all of the benefits of having it as a Visa Siggy so I said oh OK keep it as a Visa Siggy but it now shows a CL on my reports, in all the Emails I get from BoA it refers to my World MasterCard Visa Siggy and also on my Online acct it says World MasterCard Visa Siggy.

 

I'm just glad it shows the CL, I hope BoA does not catch their mistake.

 

As far as the Cash Advances being cut to 30%, I personally could care less, I have never taken a cash advance on a CC and I do not plan on doing so anytime soon.


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
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Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: BofA Cash line

 


Mustanglvr2006 wrote:

scottwagnon wrote:

my cash line still equals my credit line until oct. 4th.


Same here, I called and asked if it's something I did?

 

I was told "No" its across the board, everyone's cash advances will be cut to 30% of their CL starting Oct 4th.

 

What's funny is I initially had the BankAmericard Cash Rewards Visa Siggy and it reported no CL, so I PC'd it over to the Bank of America World MasterCard Cash Rewards (there is two ways they can set it up)

1. As a Visa Siggy (Should show no CL)

2. As a Platinum (Will show a CL)

 

I was going to have it set up as a Platinum until the rep explained all of the benefits of having it as a Visa Siggy so I said oh OK keep it as a Visa Siggy but it now shows a CL on my reports, in all the Emails I get from BoA it refers to my World MasterCard Visa Siggy and also on my Online acct it says World MasterCard Visa Siggy.

 

I'm just glad it shows the CL, I hope BoA does not catch their mistake.

 

As far as the Cash Advances being cut to 30%, I personally could care less, I have never taken a cash advance on a CC and I do not plan on doing so anytime soon.


Well, that's different!  :smileyvery-happy:

 

I have a BofA World MasterCard, and it does report the limit, and it does not suffer from transcardnetwork confusion.

 

DD#2 has a BofA Platinum Visa, and her both her card and her online account say that it's a Siggy, but it's not.

 

My cash limit has been at 1/3 of my $18K CL for as long as I can remember, although as I've never used it (and don't ever plan to), that's a hard memory to pin down. As are so many others. :smileytongue:

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