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Frequent Contributor
tonsers
Posts: 431
Registered: ‎02-07-2008

Those who bank with BOA - are you getting CLD as well?

I keep reading about all the decreases from BOA.  Don't know if I'm just lucky (so far) or if my CLD is coming soon. 

 

I have two CCs from BOA - one with a $20K limit and one with a $18,100 limit.  I have multiple checking and savings accounts through them... is it possible that I'm being treated differently because of these accounts???

Established Contributor
Revike
Posts: 720
Registered: ‎05-04-2007

Re: Those who bank with BOA - are you getting CLD as well?

Doubtful. You're probably just lucky so far. DW and I have three BOA cards with decent CLs and have received one CLD so far.

 

There have been other reports where BOA has actual mentioned checking account balance as a reason for a CLD.

 

BOA needs to trim something in the neighborhood of $500 billion in CLs, and they won't get there if they bypass all the CCs of their banking customers ...

Established Contributor
nicemann
Posts: 583
Registered: ‎03-12-2008

Re: Those who bank with BOA - are you getting CLD as well?

[ Edited ]

Well I've got 5 credit cards with BoA

 

Americard - $15,000 CL - No decrease

Accel Rewards AMEX - $5,000 CL

Regular AMEX - $1,000 CL

Rewards Visa - $3,500 CL

GMAC Mastercard - Was $1,000 they cut it in half two months ago, now $500

 

Now sure why they did anything with my Mastercard but I'm not going to call and yell over $500.  I am just glad they haven't touched my Americard.  I use that card for my everyday purchases (PIF every Friday).  The other ones just have a monthly charge going to them to keep them active, ie. Netflix, CCT, SW, etc.  None of my cards have balances on them.  

 

Hopefully I didn't just jinx myself.

 

BTW I do have a checking, savings, and CD with BoA.

Message Edited by nicemann on 06-06-2009 01:12 PM
As of 04/23/2011 - 731 for EQ FICO
As of 03/02/2012 - 779 for TU FICO
As of 12/2010 - 720 - 729 For EX (Chase FICO Score Provided by EX)
Established Contributor
cartercorp
Posts: 851
Registered: ‎07-01-2008

Re: Those who bank with BOA - are you getting CLD as well?


Revike wrote:

There have been other reports where BOA has actual mentioned checking account balance as a reason for a CLD.


That's just crazy.Any excuse works i guess...

Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007

Re: Those who bank with BOA - are you getting CLD as well?

Last week they CLD my BOA MC from $7100 to $1200 and FIA Amex Card from $7100 to $2100.
Frequent Contributor
Imua
Posts: 282
Registered: ‎01-17-2009

Re: Those who bank with BOA - are you getting CLD as well?

i've had my BofA visa for a year now... started with CL of $7400 and it's still the same, no CLD.

no banking accts with BofA


BofA visa $9.4k ... BofA Cash Rewards visa sig $10k ... Cap 1 Venture1 visa sig $10k ...
Chase Freedom MC $10k ... Macy's $1.5k ... Macy's Amex $5k ... Sam's Club $6.3k
myFICOs as of 3/25/14:...EX=809 .... EQ=802....TU=787
Established Contributor
KingAdrock
Posts: 655
Registered: ‎07-17-2007

Re: Those who bank with BOA - are you getting CLD as well?

For some CCCs, the lending department and banking are completely different. (WaMu was that way, for example) But with BofA this is not the case. Everytime I've talked to a CSR I've always been given the impression that banking with them makes a difference. I asked for a CLI at activation for my BofA Amex and the CSR specifically said "I see you've been a good banking customer with us, we appreciate your business.", and then raised my CL 150%.

 

Banking with them will not give you immunity from CLD, but I do believe it helps.

Until they officially renounce financial reviews, I won't touch Amex with a thirty nine and a half foot pole.
Established Contributor
nicemann
Posts: 583
Registered: ‎03-12-2008

Re: Those who bank with BOA - are you getting CLD as well?



KingAdrock wrote:

For some CCCs, the lending department and banking are completely different. (WaMu was that way, for example) But with BofA this is not the case. Everytime I've talked to a CSR I've always been given the impression that banking with them makes a difference. I asked for a CLI at activation for my BofA Amex and the CSR specifically said "I see you've been a good banking customer with us, we appreciate your business.", and then raised my CL 150%.

 

Banking with them will not give you immunity from CLD, but I do believe it helps.


I agree 100%.  I started with a partical secured card $300 back in 200.  Now I have Over 25K CLs with them.  So they decreased one card by $500.  Still wouldn't trade them for any other bank out there.

As of 04/23/2011 - 731 for EQ FICO
As of 03/02/2012 - 779 for TU FICO
As of 12/2010 - 720 - 729 For EX (Chase FICO Score Provided by EX)
Regular Contributor
Locksley123
Posts: 128
Registered: ‎02-13-2009

Re: Those who bank with BOA - are you getting CLD as well?

Just call them and ask when you periodic CC review is. That's when you will get CLD.
Established Contributor
medicgrrl
Posts: 703
Registered: ‎03-23-2009

Re: Those who bank with BOA - are you getting CLD as well?

My parents bank with BofA, have their first mortgage, HELOC, checking, savings and each have a cc.  They have over 50% equity in the house, excellent credit, utilization of less than 1% and PIF monthly.  My mom's card was cut from around $23000 to $10,500.  They said she didn't need it since she doesn't use much of it.  They have no other outstanding debts so their DTI is good also.  I think they are just trying to cut back so that their books look better.  There really is no rhyme or reason to how they are making these decisions.
Goal: 700 by end of January!!! 7/20/09 EQ 605
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5/9/09 EQ 628/TU ?/ Exp ?
3/23/09 EQ 491/ TU 565/ Ex 627

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