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Question about balance and Bank Of America online credit limit increase!

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BOSScredit
Regular Contributor

Question about balance and Bank Of America online credit limit increase!

Hey y'all!

 

So Im thinking I want to increase the credit limit on my bank of america cash rewards card. It's at 1500$ now and I just paid $1300 in full in the past few days (Currently balance reads $500 balance because it is pending). I sent my payment of $500 just now and its proccesing so it still reads a $500 balance. Is this going to affect my chances?

 

I want to ask for a limit of $4000 (is that too much?). In the four months I've had the card I've spent about $3500 and always paid in full. Should I ask for less? More?

Message 1 of 3
2 REPLIES 2
FinStar
Moderator Emeritus

Re: Question about balance and Bank Of America online credit limit increase!


@BOSScredit wrote:

Hey y'all!

 

So Im thinking I want to increase the credit limit on my bank of america cash rewards card. It's at 1500$ now and I just paid $1300 in full in the past few days (Currently balance reads $500 balance because it is pending). I sent my payment of $500 just now and its proccesing so it still reads a $500 balance. Is this going to affect my chances?

 

I want to ask for a limit of $4000 (is that too much?). In the four months I've had the card I've spent about $3500 and always paid in full. Should I ask for less? More?


You can request for any amount, they will counter - just be prepared for a HP.  Also, for best results, as long as your overall profile is in optimal condition, then your chances for a higher CL amount will be better.

Message 2 of 3
dodgerslv
Valued Contributor

Re: Question about balance and Bank Of America online credit limit increase!


@BOSScredit wrote:

Hey y'all!

 

So Im thinking I want to increase the credit limit on my bank of america cash rewards card. It's at 1500$ now and I just paid $1300 in full in the past few days (Currently balance reads $500 balance because it is pending). I sent my payment of $500 just now and its proccesing so it still reads a $500 balance. Is this going to affect my chances?

 

I want to ask for a limit of $4000 (is that too much?). In the four months I've had the card I've spent about $3500 and always paid in full. Should I ask for less? More?


99% is going to be a HP (especially having the account less than 6 months) If your scores are decent and have overall low utilization i would ask for 5 or even more to make the inquiry worth it. Good luck and let us know the outcome.

gardening since 5/21/2016
Message 3 of 3
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