topic Re: boa cli! in Credit Card Approvals

boa cli!

revvystoke — Thu, 13 Jun 2013 16:47:08 GMT

Have a boa card that I requested a cli on yesterday, from what I read, most cases it is a sp, requested 12k and got a 7-10 day message. Figured it was a denial and I didn't want a hp from a recon. Logged in this morning and I show 12k available. I haven't been using the card as much, not sure why they didn't show me more love when it was my daily card and I was pif every week.

Re: boa cli!

Bay_Area_Joe — Thu, 13 Jun 2013 16:59:14 GMT

I can bet you took a HP on TU.

Re: boa cli!

revvystoke — Thu, 13 Jun 2013 17:01:22 GMT

You were right, updated my tu on smart credit and it was a hp. Luckily on TU, none of my other creditors use that report other then discover. Got a SP cli in April, was hoping my luck would carry forward

Re: boa cli!

Bay_Area_Joe — Thu, 13 Jun 2013 17:05:56 GMT

I am getting close to doing one for B of A, and it will be a HP on TU.. But my MyFico TU as of yesterday was 793, and only one INQ., so I am going for 20k, from 10k. Had the card 14 months now.

We will see.

Re: boa cli!

Creditaddict — Thu, 13 Jun 2013 18:12:56 GMT

@Bay_Area_Joe wrote:
I am getting close to doing one for B of A, and it will be a HP on TU.. But my MyFico TU as of yesterday was 793, and only one INQ., so I am going for 20k, from 10k. Had the card 14 months now.

We will see.

Your taking a HP and they are going to Manual review why not ask for $25-$30k... I mean you have more than that from Chase it's just amongst more than 1 card. They will counter.

Re: boa cli!

HiLine — Thu, 13 Jun 2013 20:40:34 GMT

Agreed. BofA's generosity with credit limits rivals that of Amex. 2x and 3x increases are frequently reported on this board. I remember someone getting even 10x.

Re: boa cli!

revvystoke — Thu, 13 Jun 2013 21:08:53 GMT

In my case, would it be possible to ask for a larger cli since it was a hp? I was considering closing the other tradeline I have with them and consolidating credit limits, but didn't because of the hard pull. I just don't want to call asking for additional and end up with a cld or similar. I have a relatively high util on the card that got the cli, it had a 1300 balance at the statement cut date but now has a credit balance. I have no other balances.

Re: boa cli!

Creditaddict — Thu, 13 Jun 2013 23:26:18 GMT

@revvystoke wrote:
In my case, would it be possible to ask for a larger cli since it was a hp? I was considering closing the other tradeline I have with them and consolidating credit limits, but didn't because of the hard pull. I just don't want to call asking for additional and end up with a cld or similar. I have a relatively high util on the card that got the cli, it had a 1300 balance at the statement cut date but now has a credit balance. I have no other balances.

$1300 on $12k? seriously? I can't imagine any bank considering that high util but especially if it's with the bank you are requesting the CLI, they can see if you have had the balance for long long time like you are struggeling to pay or something... but I wouldn't worry about it if you had a $6k balance!

Re: boa cli!

revvystoke — Thu, 13 Jun 2013 23:48:01 GMT

Creditaddict wrote
$1300 on $12k? seriously? I can't imagine any bank considering that high util but especially if it's with the bank you are requesting the CLI, they can see if you have had the balance for long long time like you are struggeling to pay or something... but I wouldn't worry about it if you had a $6k balance!

I checked back a few months statements, average spend was around 7k a month on it for the past year or so. They denied me a cli in November, citing high balances. I was on average carrying 2-3k each statement. There words not mine, it was a soft pull and that util reason was told to me by the analyst. It wasn't carry over balances, it was always from new charges. It was a sp so I never took it further. The analyst told me to wait until I had a 0 balance for them to look at it.

Since they gave me a cli already, should I ask to combine and close the smaller card. Not sure if its similar to poking a sleeping bear.

Re: boa cli!

myjourney — Thu, 13 Jun 2013 23:43:24 GMT

@revvystoke wrote:
Have a boa card that I requested a cli on yesterday, from what I read, most cases it is a sp, requested 12k and got a 7-10 day message. Figured it was a denial and I didn't want a hp from a recon. Logged in this morning and I show 12k available. I haven't been using the card as much, not sure why they didn't show me more love when it was my daily card and I was pif every week.

Congrats

Re: boa cli!

Creditaddict — Fri, 14 Jun 2013 01:15:33 GMT

@revvystoke wrote:
Creditaddict wrote
$1300 on $12k? seriously? I can't imagine any bank considering that high util but especially if it's with the bank you are requesting the CLI, they can see if you have had the balance for long long time like you are struggeling to pay or something... but I wouldn't worry about it if you had a $6k balance!
I checked back a few months statements, average spend was around 7k a month on it for the past year or so. They denied me a cli in November, citing high balances. I was on average carrying 2-3k each statement. There words not mine, it was a soft pull and that util reason was told to me by the analyst. It wasn't carry over balances, it was always from new charges. It was a sp so I never took it further. The analyst told me to wait until I had a 0 balance for them to look at it.

Since they gave me a cli already, should I ask to combine and close the smaller card. Not sure if its similar to poking a sleeping bear.

you PIF each statement and they told you to high of Util? or you charged $7k but carried about $2+k on card over months? like $5k payments out of $7k sort of thing?

If you PIF, where do they hire these people... I will refrain from the rest of my thoughts, they need to come to myFico to get trained on how to review an account and read a credit report!

Re: boa cli!

HiLine — Fri, 14 Jun 2013 05:05:16 GMT

@revvystoke wrote:
Creditaddict wrote
$1300 on $12k? seriously? I can't imagine any bank considering that high util but especially if it's with the bank you are requesting the CLI, they can see if you have had the balance for long long time like you are struggeling to pay or something... but I wouldn't worry about it if you had a $6k balance!
I checked back a few months statements, average spend was around 7k a month on it for the past year or so. They denied me a cli in November, citing high balances. I was on average carrying 2-3k each statement. There words not mine, it was a soft pull and that util reason was told to me by the analyst. It wasn't carry over balances, it was always from new charges. It was a sp so I never took it further. The analyst told me to wait until I had a 0 balance for them to look at it.

Since they gave me a cli already, should I ask to combine and close the smaller card. Not sure if its similar to poking a sleeping bear.

I was wondering if you already had a banking relationship with them. Moving your assets over may help your case.

Re: boa cli!

revvystoke — Tue, 18 Jun 2013 16:55:07 GMT

They approved it for $15k using the same report they pulled on the 12th. They wanted to limit their total exposure though and wanted to close my other account opened 3/13. Fine with me, my Chase account still does not show up on my TU and I am sure if they saw they were not the only lender with higher cl's they wouldn't have as much hesitation.

Re: boa cli!

asphaltcowboy — Tue, 18 Jun 2013 17:10:46 GMT

Congrats!!

Re: boa cli!

Petraeus — Tue, 18 Jun 2013 17:49:17 GMT

@revvystoke wrote:
They approved it for $15k using the same report they pulled on the 12th. They wanted to limit their total exposure though and wanted to close my other account opened 3/13. Fine with me, my Chase account still does not show up on my TU and I am sure if they saw they were not the only lender with higher cl's they wouldn't have as much hesitation.

Congrats.

My initial CLI was denied online but backdoored BoA and they were willing to reapp my request with the same HP CR. I still didnt get the amount I wanted but managed to increase my CL to 12K on my BoA CR. not bad. I'll wait 12 months and attempt to CLI to 20K

Re: boa cli!

revvystoke — Tue, 18 Jun 2013 18:07:04 GMT

@Petraeus wrote:

Congrats.

My initial CLI was denied online but backdoored BoA and they were willing to reapp my request with the same HP CR. I still didnt get the amount I wanted but managed to increase my CL to 12K on my BoA CR. not bad. I'll wait 12 months and attempt to CLI to 20K

The analyst I spoke to stated they use the same HP for any inquiries within 30 days of the pull. They won't pull again unless the customer specifically requests it is what I was told. Pulled my TU and no additional pulls, soft or hard show from them.

Re: boa cli!

Fresh-Start — Tue, 18 Jun 2013 19:10:45 GMT

@revvystoke wrote:
@Petraeus wrote:
Congrats.

My initial CLI was denied online but backdoored BoA and they were willing to reapp my request with the same HP CR. I still didnt get the amount I wanted but managed to increase my CL to 12K on my BoA CR. not bad. I'll wait 12 months and attempt to CLI to 20K
The analyst I spoke to stated they use the same HP for any inquiries within 30 days of the pull. They won't pull again unless the customer specifically requests it is what I was told. Pulled my TU and no additional pulls, soft or hard show from them.

+1 I think this is accurate because I submitted a CLI request yesterday and received it within two hours...I then took the plunge and apply for a BankAmericard Reward's Visa last night, it was approved and today there is only one HP on my credit report for BOA.

Re: boa cli!

Anonymous — Wed, 26 Jun 2013 17:25:12 GMT

So my CLI button finally appeared on my BoA card online... Does anyone know what that typically means? Am I prequalified for an increase of some sort? it wasn't there yesterday..

Re: boa cli!

Bay_Area_Joe — Thu, 27 Jun 2013 02:01:04 GMT

I would like to know as well, as I am getting close to ask for a CLI.

My last CLI on this account was on 12/28/2012.....

Almost 6 months...

Re: boa cli!

Anonymous — Thu, 27 Jun 2013 03:14:30 GMT

I was approved for the Visa for 4K called after a week and got it to 12K after 2 months I asked for CLI 20k gave me 14K 2 days ago i was going for the homerun but struck out 25K HP on TU no go its ok im on the B wagon with TU. so in less that 5 months i went from 4k to 14 k ill wait till i hit the 6 months and swing for the fence again