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Denied Boa cli... A fyi

Established Contributor

Denied Boa cli... A fyi

Just got my letter from boa for my cli denial I tried for last week.
Reason given was sufficient credit already given for my salary and no investments or other accounts with boa.
Between 2 cards with them I have 27800 in credit and make 56000 a year. Thought I would put the info out there just in case there thinking of asking for a cli.
Boa definitely has a limit of what they're willing to give out.
Probably won't be able to get another cli till I get my dti down a bit.
eq 757 ex 762 tu 763 Chase Amazon 5000 citi double cash 4300 Citi TYP 8100 Cap1 Quicksilver Visa Sig 10000 Walmart MasterCard 6600 Big Sandys 4000 Best Buy 5100 LLbean 2300 Cashforward 17500 Sam's Club 10000 Discover Card 10000 bluecash 5800 everyday 10000 boa americard 20300 boa cash rewards 7000 marvel 10000
Message 1 of 7
6 REPLIES
Super Contributor

Re: Denied Boa cli... A fyi

Thanks for the datapoint. All lenders have an internal limit of what they are willing to extend to each individual. The Reasons Codes are something they are required to give to you, although the specific text of the Reason Code may or may not align with the real reason you reached the limit. 

 

$20k on a single card is a nice limit. 

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727 FICO Simulator 2014: $20k balances = 812 FICO.
March 2017 $20k on $300k 6% util EQ 824 TU 824 EX 815

5 / 24 counting down to 1 Nov 2017... wait I guess it's 18 Dec 2017 to get 4/24
Message 2 of 7
Super Contributor

Re: Denied Boa cli... A fyi

Sorry Thor, yeah i ran into that on my 3rd attempt and no go on a second BBR. my future looks bleak with my income lol, but its ok, i swueezed 10k out of them and thats good enoughSmiley Wink
Message 3 of 7
Established Contributor

Re: Denied Boa cli... A fyi

Your probably correct. But the reasons seemed reasonable for my situation. I new ide hit a wall sooner or later. My credit lines are good with them and have no complaints.
Just figured I would try to get my rewards card to 10000 or more. Which is my goal to get all my bank cards to 10000 or more. Still a happy camper with boa they have been more than generous.
eq 757 ex 762 tu 763 Chase Amazon 5000 citi double cash 4300 Citi TYP 8100 Cap1 Quicksilver Visa Sig 10000 Walmart MasterCard 6600 Big Sandys 4000 Best Buy 5100 LLbean 2300 Cashforward 17500 Sam's Club 10000 Discover Card 10000 bluecash 5800 everyday 10000 boa americard 20300 boa cash rewards 7000 marvel 10000
Message 4 of 7
Established Contributor

Re: Denied Boa cli... A fyi

I here that Aj, I think we both have more credit then we need but it sure is fun trying to get more.
Just think all we have to do is triple are income to get them to open up those purse strings. Easy peasy, will have to work on that. Hahaha
eq 757 ex 762 tu 763 Chase Amazon 5000 citi double cash 4300 Citi TYP 8100 Cap1 Quicksilver Visa Sig 10000 Walmart MasterCard 6600 Big Sandys 4000 Best Buy 5100 LLbean 2300 Cashforward 17500 Sam's Club 10000 Discover Card 10000 bluecash 5800 everyday 10000 boa americard 20300 boa cash rewards 7000 marvel 10000
Message 5 of 7
Super Contributor

Re: Denied Boa cli... A fyi

Lol, id go to Disney World with3x income hahaSmiley Wink.

Seriously though, i dont think we should write them off yet. Just give it some time. Build up a little more history. Its possible as yoyr other cards grow, they see that and want to be invited to the party. Smiley Wink My plan is to try and eventually pay off all my bts on my BBR and by that time i should have a good 2 years in with them , maybe ill go for a cli then. I do know another 6 months im gonna call and try to get another apr redux. Super friendly when i called so there is thatSmiley Happy
Message 6 of 7
Established Contributor

Re: Denied Boa cli... A fyi

Sounds like a good plan to me also,think I'll do the same. It'll take awhile to get my bt payed off but it's definitely a plan.
eq 757 ex 762 tu 763 Chase Amazon 5000 citi double cash 4300 Citi TYP 8100 Cap1 Quicksilver Visa Sig 10000 Walmart MasterCard 6600 Big Sandys 4000 Best Buy 5100 LLbean 2300 Cashforward 17500 Sam's Club 10000 Discover Card 10000 bluecash 5800 everyday 10000 boa americard 20300 boa cash rewards 7000 marvel 10000
Message 7 of 7