Any advice on this subject? I requested a cli and I just got the card maybe 2 weeks ago. I have yet to use it. I did it online and they stated that I should receive a response by the next business day. Current limit is 1500. What are my chances?
I have a BoA card with a 1500 CL. I ask for a CLI online right after I received the card and got the same message. I received a letter in the mail denying the increase due to not enough history with them. They also stated in the letter that they do regular reviews and grant CLI.
My understanding is that big banks like to see at least 6 months of payment history before they consider CLI requests, or before automatic review for CLI. So, say you opened your account in January, wait until July (Feb-July, 6 months later) to request a CLI. Especially with BoA you can always impress them by saying that you've "been a loyal customer" and they will eat it up. Usually CLI requests with big banks are considered soft inquiries and won't affect your credit score. So either wait a little more and try again, or if you recently got a job and have a higher income, call to ask if that can get you a CLI! Good luck!
I love my BOA!! In the year and a half that it's been open, they've raised my CL 3 times, without my asking -- from $1000 to now $2500, and I'm up for review, again, next month. O, and they always do soft pulls.