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New Contributor
Posts: 89
Registered: ‎06-07-2014
0

BofA Secure Credit Card CLI Request is it a HP?

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. 

 

Thanks,  

Established Contributor
Posts: 783
Registered: ‎06-28-2014
0

Re: BofA Secure Credit Card CLI Request is it a HP?

Bank of america is HP


NPSL...................$15,300................$12,500................$7500..................$6000...................$5000..................$5000..................

22 Year old college student. FICO 751 TU 757. Been building credit since age 17. Last APP 12/15/14

Community Leader
Super Contributor
Posts: 11,046
Registered: ‎09-13-2013
0

Re: BofA Secure Credit Card CLI Request is it a HP?

[ Edited ]

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.

New Contributor
Posts: 89
Registered: ‎06-07-2014
0

Re: BofA Secure Credit Card CLI Request is it a HP?

I should have done my reserach first, but I was getting annoyed by the constant paying it off. 

Community Leader
Super Contributor
Posts: 11,046
Registered: ‎09-13-2013
0

Re: BofA Secure Credit Card CLI Request is it a HP?

I totally understand. How long have you had it?
New Contributor
Posts: 89
Registered: ‎06-07-2014
0

Re: BofA Secure Credit Card CLI Request is it a HP?

2 months Smiley Sad 

Valued Contributor
Posts: 1,505
Registered: ‎03-20-2014
0

Re: BofA Secure Credit Card CLI Request is it a HP?

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.

 

BofA Cash Travel Rewards secured, Discover IT, Amex PRG, JCrew, Chase Freedom, Amex ED, Capital One Venture, Chase AARP
New Contributor
Posts: 89
Registered: ‎06-07-2014
0

Re: BofA Secure Credit Card CLI Request is it a HP?

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. 

Community Leader
Super Contributor
Posts: 11,046
Registered: ‎09-13-2013
0

Re: BofA Secure Credit Card CLI Request is it a HP?

Hang in there folks. It is well worth it. I went from $300 secured December to $10k unsecured now.
New Contributor
Posts: 89
Registered: ‎06-07-2014
0

Re: BofA Secure Credit Card CLI Request is it a HP?

Maybe they will make it worth the HP now and give me a 9,500 CLI and my 500 dollars back Smiley Happy I can dream 

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