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07-17-2014 08:55 AM
So I opened the card with 500 I thought it would be enough but because of the Cash Back I am spending nearly 1500 dollars a month on the card already I am PIF before the statement cuts and paying multiple times through out the month.
Today I decide to increase the limit to 700 (why 700 and not 1000 I don;t want to go to crazy) using funds from my savings account to fund the increase.
I could not find the link to increase the limit in the information tab (I seen it before but when the card was changed to Cash Rewards it disappeared)
So I use the online chat, and request the increase. They ask me my annual salary, how much I pay rent my employer etc. Are they going to do a HP? I didn't bother to ask and now I am worried. He said it will take 5 to 7 days to process the request and if approved the funds would be deducted. U haven;t received any alerts from Identity Guard yet saying I have had my credit checked but I am just wondering if this is going to be a HP or a SP.
07-17-2014 08:58 AM
Bank of america is HP
07-17-2014 09:05 AM - edited 07-17-2014 09:06 AM
Yes hp. How long have you had the card? If at least 5, 6 months I would have used that hp to unsecure with a cli potentially pretty high instead of a $200 increase.
07-17-2014 09:18 AM
I made the mistake to open the secured card with only $500 (hp), then asked to deposit $500 more and it was another (hp). I can see the 'Request a credit line increase' online. I only have 3 statements and the next closes by the end of the month.
I was thinking to deposit 3x for another HP, but some people here say that is not worth it, when my card unsecure I should get a CLI.
07-17-2014 09:21 AM
Yeah, had I known it was a HP (I should have asked you guys first) I would of not requested it and just waited it out. Oh well you iive you learn. I hope they use the HP they did on me 2 weeks ago when I opened my bank account.
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