Reply
Valued Member
Maclover
Posts: 35
Registered: ‎12-15-2008
0

Two questions about BofA product change and Best Buy Card

Hello,

 

Like everyone here I have learned a great deal on these forums - thanks to all of you! 

 

1. I had a partially secured ($59 fee card) from BofA since 1/2008 which unsecured on 1/2009.  It changed to the World Points Visa with the same initial credit limit of $500.  I did ask for a credit limit increase when it unsecured but was declined, due to high utilization on overall accounts.  Anyway in July I paid off most of my accounts to where I have a 30% utilization overall.  My FICO scores jumped about 50 pts. to: EXP 702, EQ: 686, TU 683.  Yes that is a real EXP score from a bank.  I instant messaged a CSR with BofA yesterday and they were able to change it to a Bankamericard Visa, but no mention of a CLI.  My question is - do you think I should ask again for a CLI?  Anyone experience a CLI these days with a former secured card despite the product change?

 

2. I also have a Best Buy MC with a $800 limit opened 1/2008.  I've never received a CLI from them and I called today and spoke to both a CSR and his supervisor who had no idea what a hard inquiry and a soft inquiry were.  I explained the difference and requested a soft inquiry.  Regardless they still stated they could not request anything but a hard inquiry.  Has anybody had any luck getting a CLI out of this card?  I suspect it is a B-type card since I cannot request a CLI online.  If it is never going to grow with me then I am tempted to close or SD the card.  Does anybody have the number to a credit analyst?

 

Thanks in advance.

Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Two questions about BofA product change and Best Buy Card

As far as BofA is concerned log into the website and call your card up. Find the link to request a CLI. It would be in the "Balance Summary" section in the "Available Credit" area (if you have it). If you don't have it stop. If you do have it click, complete the form and sumbit. Most likely you will be told to call. The number will send you to a credit analyst. Answer some questions - it will be done on a soft INQ unless they tell you otherwise.

 

They are giving increases these days, but always remember that a CLI request does open your account to scrutiny and if everything is not up to snuff on your CBR's your account can be CLD'ed or closed. 

 

Good Luck!

Frequent Contributor
illtakecreditforthat
Posts: 320
Registered: ‎05-03-2009
0

Re: Two questions about BofA product change and Best Buy Card

[ Edited ]

Maclover wrote:

Hello,

 

Like everyone here I have learned a great deal on these forums - thanks to all of you! 

 

1. I had a partially secured ($59 fee card) from BofA since 1/2008 which unsecured on 1/2009.  It changed to the World Points Visa with the same initial credit limit of $500.  I did ask for a credit limit increase when it unsecured but was declined, due to high utilization on overall accounts.  Anyway in July I paid off most of my accounts to where I have a 30% utilization overall.  My FICO scores jumped about 50 pts. to: EXP 702, EQ: 686, TU 683.  Yes that is a real EXP score from a bank.  I instant messaged a CSR with BofA yesterday and they were able to change it to a Bankamericard Visa, but no mention of a CLI.  My question is - do you think I should ask again for a CLI?  Anyone experience a CLI these days with a former secured card despite the product change?

 

2. I also have a Best Buy MC with a $800 limit opened 1/2008.  I've never received a CLI from them and I called today and spoke to both a CSR and his supervisor who had no idea what a hard inquiry and a soft inquiry were.  I explained the difference and requested a soft inquiry.  Regardless they still stated they could not request anything but a hard inquiry.  Has anybody had any luck getting a CLI out of this card?  I suspect it is a B-type card since I cannot request a CLI online.  If it is never going to grow with me then I am tempted to close or SD the card.  Does anybody have the number to a credit analyst?

 

Thanks in advance.


I've had the RZMC for over 2 years.  Started at $1500 and hasn't moved. I've never seen a CLI button.  I've called several times over the past couple of years for CLI only to be frustrated by the worst CSR's in the industry.  Its a "dead in the water" card.  Quite frankly, I think they fired all their credit analysts several years ago.

Message Edited by illtakecreditforthat on 08-26-2009 08:21 PM
I want PATIENCE...and I want it NOW
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Two questions about BofA product change and Best Buy Card

If you expect nothing more that the worst possible CS from HSBC you will never be disappointed!
Frequent Contributor
illtakecreditforthat
Posts: 320
Registered: ‎05-03-2009
0

Re: Two questions about BofA product change and Best Buy Card


creditwherecreditisdue wrote:
If you expect nothing more that the worst possible CS from HSBC you will never be disappointed!

Without a doubt.

I want PATIENCE...and I want it NOW
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Two questions about BofA product change and Best Buy Card


illtakecreditforthat wrote:

creditwherecreditisdue wrote:
If you expect nothing more that the worst possible CS from HSBC you will never be disappointed!

Without a doubt.


And in all fairness I will have to say occassionally surprised. It can (and has) happened!

Frequent Contributor
illtakecreditforthat
Posts: 320
Registered: ‎05-03-2009
0

Re: Two questions about BofA product change and Best Buy Card

[ Edited ]
My thoughts are don't waste a hard inquiry for a RZMC CLI.  The odds are probably not in your favor.  Just wait and see if they auto-generate a CLI.  If not, spend you inquiry to acquire a prime bank card or, in my opinion, a quality CU card.
Message Edited by illtakecreditforthat on 08-26-2009 08:33 PM
I want PATIENCE...and I want it NOW
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Two questions about BofA product change and Best Buy Card

I though everyone that app'ed BB hoped they didn't get the MC.

Frequent Contributor
illtakecreditforthat
Posts: 320
Registered: ‎05-03-2009
0

Re: Two questions about BofA product change and Best Buy Card


creditwherecreditisdue wrote:

I though everyone that app'ed BB hoped they didn't get the MC.


The MC is a "purpose" card.  If your purpose was to get a re-builder MC, they were pretty lenient (unaware of their current underwriting).  It gave me the opportunity to acquire prime cards after establishing a payment history.

I want PATIENCE...and I want it NOW
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: Two questions about BofA product change and Best Buy Card


illtakecreditforthat wrote:

creditwherecreditisdue wrote:

I though everyone that app'ed BB hoped they didn't get the MC.


The MC is a "purpose" card.  If your purpose was to get a re-builder MC, they were pretty lenient (unaware of their current underwriting).  It gave me the opportunity to acquire prime cards after establishing a payment history.


 

Wouldn't the store card do the same thing?

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}