topic Re: Bankamericard cli in Credit Card Approvals

Bankamericard cli

Anonymous — Wed, 28 Sep 2016 20:02:00 GMT

Got my Bankamericard in May of this year with a 4500 cl and made 4100 of bt to the card. Over the last 5 months I got that payed down to 2700.
I seen a few other cli approvals today and figured I'd try my luck. Asked for 15000 knowing I wouldn't get that much but was hoping for 8 to 10000.
Only got a immediate approval of 1800 bringing me to a 6300cl. The most that's going to do is help utilization.
Got a CK notice immediate after of the tu pull and I make 53000 yearly and my utilization sits at 19% with a tu score currently at 713. Best of luck to any who plans on applying for a boa cli.

Re: Bankamericard cli

JustBPatient — Wed, 28 Sep 2016 20:19:01 GMT

Congrats, stay on them it will grow!!

Re: Bankamericard cli

Anonymous — Wed, 28 Sep 2016 20:27:53 GMT

Thanks jbp... I was hoping to be able to bt my CashForward balance because 0% ending in November. But wasn't even close on giving enough of an increase. I'll figure something out.

Re: Bankamericard cli

happypill — Mon, 03 Oct 2016 23:59:42 GMT

As the old saying goes, banks will loan money only when you don't need it.

The reality is that since you were carrying a pretty significant utilization on that card (started at 91% paid down to 60%), they would be unlikely to give a hefty CLI. Not just BofA, you should probably expect that of any lender (a few credit unions may be exceptions). Almost certainly, util on that card was a bigger factor than your score.

Many stories of BofA being generous with their increases. Lower your overall util below 10% and zero out that card to really see what is possible.

Re: Bankamericard cli

AverageJoesCredit — Sat, 08 Oct 2016 02:29:43 GMT

Awesome job Thor, ive just made my first BT with Boa so hoping to see what affect that has on my cli request in December ,hopefully after my bk7 drops from my TU! Enjoy your new cl

Re: Bankamericard cli

Anonymous — Sat, 08 Oct 2016 02:34:44 GMT

Every little bit helps and get you that much closer to your goal...Good luck and GOD bless!

Re: Bankamericard cli

Anonymous — Sat, 08 Oct 2016 18:30:53 GMT

Thanks everyone. It's definitely a journey trying to figure all this credit stuff out. Especially when there always changing the rules. Hahaha
Just applied for a personal loan to try to consolidate expenses through the bank that carries my car loan and just waiting on a decision.
The personal loan may effect my scores some but making one payment will make things easier. And no plans for new cards in the next year,will just work on some cli with current cards.

Re: Bankamericard cli

AverageJoesCredit — Sat, 08 Oct 2016 22:02:56 GMT

Great plan Thorshammer! Im kind of doing the same just Bt most of my other balances, especially my Synch cards, to my BBR . it definitely will be better to just pay one card and if i use the others use only what i know can be paid at end of the month. I think a year in the garden can do you and me both some good lol. Best wishes for continued success on your journey. All hail the mighty Thor!!

Re: Bankamericard cli

Anonymous — Sat, 08 Oct 2016 23:50:53 GMT

Thanks AverageJoe, I'll probably pay all cards off and use my Discover Card for everything and pif each month. Its 5000 limit is more than enough for my monthly bills and only has 200 on it now.
And we know that discover will go up.

Re: Bankamericard cli

Anonymous — Sun, 09 Oct 2016 02:58:04 GMT

Congratulations on your CLI, thorshammer!

Re: Bankamericard cli

Anonymous — Sun, 09 Oct 2016 21:44:35 GMT

Excellent! Congratulations!

Re: Bankamericard cli

Anonymous — Sun, 09 Oct 2016 23:50:29 GMT

Congratulations on your new SL and make sure you enjoy the card! Have fun!