topic Re: BofA Cash Rewards CLI in Credit Card Approvals

BofA Cash Rewards CLI

Asilomar — Mon, 30 Apr 2018 05:50:52 GMT

Little backstory: I'm using 3 of my credit cards to help pay out-of-pocket for the fancy orthopedic surgeon I wanted but wasn't covered under my insurance. My overall utilization is 16%, which isn't toooo bad, but those 3 individual cards are at 53%, 35%, and 27%. Ideally I wanted to get some CLI's to help pad my UTL but I wasn't holding my breath. Chase is the 53% but no way I even try it. Next! Disco is the 27% and since they're a soft pull it's no-risk. However, they keep telling me to kick rocks. BofA was my only hope but given that I just got a CLI 3.5 months ago and the card isn't even a year old I figured best not to blow a HP -- just wait a few more months until it's paid down a bit.

Buuuttt...that wily BofA Pimp, K-in-Boston, lured me. Posting about how he did a CLI request every 3-5 months for 2 years and is now up to 100K. He's also told me that BofA is great with higher utilization, that they never batted an eyelash at him. Hence my finger got so itchy I couldn't stop it...

Anyway, BofA ponied up 9,600. I'm so stoked! That will get the card's UTL down to 21%, eliminating the >30% scoring penalty.

DPs:

Cash Rewards. Opened September 2017.

6,000 ---> 12,000 ---> 21,600

TU score: 706

Overall UTL: 16%

Card UTL: 35%

Credit file young and thin due to reboot. AoOA: 13 + years. AoYA: 7 months. AAoA: 2 years, 8 months.

I love me some BofA! They've been great to me. And, as far as I can tell from reading these forums, they're one of the most generous lenders.

Thanks again, K-in-Boston! You the man.

Re: BofA Cash Rewards CLI

Anonymous — Mon, 30 Apr 2018 13:31:40 GMT

@Asilomar wrote:

Little backstory: I'm using 3 of my credit cards to help pay out-of-pocket for the fancy orthopedic surgeon I wanted but wasn't covered under my insurance. My overall utilization is 16%, which isn't toooo bad, but those 3 individual cards are at 53%, 35%, and 27%. Ideally I wanted to get some CLI's to help pad my UTL but I wasn't holding my breath. Chase is the 53% but no way I even try it. Next! Disco is the 27% and since they're a soft pull it's no-risk. However, they keep telling me to kick rocks. BofA was my only hope but given that I just got a CLI 3.5 months ago and the card isn't even a year old I figured best not to blow a HP -- just wait a few more months until it's paid down a bit.

Buuuttt...that wily BofA Pimp, K-in-Boston, lured me. Posting about how he did a CLI request every 3-5 months for 2 years and is now up to 100K. He's also told me that BofA is great with higher utilization, that they never batted an eyelash at him. Hence my finger got so itchy I couldn't stop it...

Anyway, BofA ponied up 9,600. I'm so stoked! That will get the card's UTL down to 21%, eliminating the >30% scoring penalty.

DPs:
Cash Rewards. Opened September 2017.
6,000 ---> 12,000 ---> 21,600
TU score: 706
Overall UTL: 16%
Card UTL: 35%
Credit file young and thin due to reboot. AoOA: 13 + years. AoYA: 7 months. AAoA: 2 years, 8 months.

I love me some BofA! They've been great to me. And, as far as I can tell from reading these forums, they're one of the most generous lenders.

Thanks again, K-in-Boston! You the man.

Congratulations! Very impressive! I love my Rewards card. BofA offers great deals. Enjoy your new limit and use it well.

Re: BofA Cash Rewards CLI

credit_endurance — Mon, 30 Apr 2018 14:17:27 GMT

Big congrats WhiteCleats! BOA loves some utilization on their cards.

Re: BofA Cash Rewards CLI

AverageJoesCredit — Mon, 30 Apr 2018 18:17:03 GMT

Great job, who is this K Pimp you speak of? I once knew a K in Nantucket.....

Re: BofA Cash Rewards CLI

Anonymous — Mon, 30 Apr 2018 21:26:12 GMT

Congrats!!

Too bad Chase isn't as easy as BOFA.

Re: BofA Cash Rewards CLI

Asilomar — Tue, 01 May 2018 02:46:50 GMT

@credit_endurance wrote:
Big congrats WhiteCleats! BOA loves some utilization on their cards.

Thanks, BC. Yeah, they must -- they gave me a raise when I didn't think anyone would. Do you know if Amex is as chill wit the UTL? I couldn't test it even if I wanted to becasue my BCE is getting PIF.

Re: BofA Cash Rewards CLI

Asilomar — Tue, 01 May 2018 02:48:28 GMT

@AverageJoesCredit wrote:
Great job, who is this K Pimp you speak of? I once knew a K in Nantucket.....

You know K-in-Boston! He's the one who helps everyone with their BofA needs.

Re: BofA Cash Rewards CLI

Asilomar — Tue, 01 May 2018 02:50:03 GMT

@Anonymous wrote:
Congrats!!

Too bad Chase isn't as easy as BOFA.

Thank you!

Right? Chase is tough, tough, tough. I cannot figure out who to blow over there to get a CLI.

Re: BofA Cash Rewards CLI

Anonymous — Tue, 01 May 2018 03:05:20 GMT

You’re luring me...

congrats!

Re: BofA Cash Rewards CLI

credit_endurance — Tue, 01 May 2018 03:47:17 GMT

WhiteCleats as far as Amex goes with utilization it will probably vary from opinion to opinion on the forums but the general consensus is Amex likes it when you actually PIF. Although they do have charge cards and some revolvers that actually give you an option to pay the balance off over time. The safe bet is to PIF especially when your seeking a nice CLI from them. It will only enhance your chances of being successful.

Re: BofA Cash Rewards CLI

Asilomar — Tue, 01 May 2018 05:15:31 GMT

Yeah, I've read quite a bit about Amex and their love for PIF. That's why when I chose which cards to use to float my medical charges, I chose strategically. I'm still trying to push Amex as high as I can go so no way I was going to leave a balance on them. Then I needed to decided between CapOne and Disco and I ultimately chose to PIF CapOne because the limit is so low and I really wanted to get a raise out of them. But I don't think that worked out well. Probably because of bucketing I can't get past the 6K limit I'm on and now because I'm at 27% with Disco, they won't give me a bump. Truth though, even if I chose Disco to PIF and CapOne to carry a balance, it may have worked out the same.

Re: BofA Cash Rewards CLI

Anonymous — Tue, 01 May 2018 05:33:22 GMT

Congrats!