topic Re: Can't break $100k with Bank of America! in Credit Card Approvals

Can't break $100k with Bank of America!

K-in-Boston — Wed, 05 Sep 2018 22:46:18 GMT

I've been stuck at a combined $99,900 between all of my own Bank of America accounts for a while now. DW got a $20k soft pull CLI (from $70k to $90k) a few months back when they stopped doing HPs. Decided to go for $100,000 for her, and...

Re: Can't break $100k with Bank of America!

Cred4All — Wed, 05 Sep 2018 22:53:02 GMT

Congrats on.............. being $100 short!?? On a serious note, still mighty impressive and indicative of a life well disciplined.. congrats on coming within a cell phone bill of your goal, or a grocery bill, or a dinner... !

Re: Can't break $100k with Bank of America!

bigpoppa09 — Wed, 05 Sep 2018 22:54:43 GMT

That sucks K looks like u are at max exposure.

Re: Can't break $100k with Bank of America!

simplynoir — Wed, 05 Sep 2018 22:55:46 GMT

At leats you guys are a matching pair.

Congrats to the DW!

Re: Can't break $100k with Bank of America!

juniornj23 — Wed, 05 Sep 2018 22:57:38 GMT

Congratulations

Re: Can't break $100k with Bank of America!

Pikaboo-icu — Wed, 05 Sep 2018 23:01:59 GMT

Holy Moly!

That's not a card limit, it's a home equity loan... A life insurance policy... LOL

Congrats and sorry about the 100 bucks..

Re: Can't break $100k with Bank of America!

Viva-LV — Wed, 05 Sep 2018 23:05:12 GMT

@K-in-Boston wrote:
I've been stuck at a combined $99,900 between all of my own Bank of America accounts for a while now. DW got a $20k soft pull CLI (from $70k to $90k) a few months back when they stopped doing HPs. Decided to go for $100,000 for her, and...

Well, your $99.9k smokes my $76k cement shoes from BOA. Still, almost $200k combined ? Quite impressive!

Re: Can't break $100k with Bank of America!

Anonymous — Wed, 05 Sep 2018 23:21:37 GMT

@K-in-Boston wrote:
I've been stuck at a combined $99,900 between all of my own Bank of America accounts for a while now. DW got a $20k soft pull CLI (from $70k to $90k) a few months back when they stopped doing HPs. Decided to go for $100,000 for her, and...

OP - Ask to lower your Cash Credit Line from $30,000 down to a more reasonable number and maybe they will offer to lend you that extra $100 That line is an additional risk for the bank, so if you lower it they may not cap your CL.

Re: Can't break $100k with Bank of America!

MrDFinance — Wed, 05 Sep 2018 23:28:48 GMT

I would love to have that problem lol

Re: Can't break $100k with Bank of America!

Anonymous — Wed, 05 Sep 2018 23:31:29 GMT

Congrats on your awesome credit limit increase, and your DW! Seriously way to go!

Re: Can't break $100k with Bank of America!

imaximous — Wed, 05 Sep 2018 23:40:47 GMT

Please, call BofA and let them know that I’m willing to give up $200 from my CL. $100 for you and $100 for your DW 😁
You’d also be helping out with my OCD. One of my BofA cards has a $19,200 limit that bugs me every time I look at it.

Re: Can't break $100k with Bank of America!

K-in-Boston — Wed, 05 Sep 2018 23:41:25 GMT

@Anonymous wrote:
@K-in-Boston wrote:
I've been stuck at a combined $99,900 between all of my own Bank of America accounts for a while now. DW got a $20k soft pull CLI (from $70k to $90k) a few months back when they stopped doing HPs. Decided to go for $100,000 for her, and...

OP - Ask to lower your Cash Credit Line from $30,000 down to a more reasonable number and maybe they will offer to lend you that extra $100 That line is an additional risk for the bank, so if you lower it they may not cap your CL.

I don't think that's it. Mine add up to $32,200 over my 3 (soon to be 2 when I close Cash Rewards) cards. Something in the algorithm just says $99,900 is the max. There are a handful of other posters "stuck" at $99.9k total, and a few elusive $100k+. It's a good problem to have, just not sure what makes them think they can't trust us with the extra $100.

Re: Can't break $100k with Bank of America!

K-in-Boston — Wed, 05 Sep 2018 23:43:37 GMT

@imaximous wrote:
Please, call BofA and let them know that I’m willing to give up $200 from my CL. $100 for you and $100 for your DW 😁
You’d also be helping out with my OCD. One of my BofA cards has a $19,200 limit that bugs me every time I look at it.

Haha. Wish it was that easy. I've had a $19,200 in the past as well, and numerous other lines ending in weird '00s. FWIW I'm jealous of DW's path being 22-25-40-60-70-90 with 3 zeroes at the end until now with the $99,900.

Re: Can't break $100k with Bank of America!

imaximous — Thu, 06 Sep 2018 00:07:45 GMT

@K-in-Boston wrote:
@imaximous wrote:
Please, call BofA and let them know that I’m willing to give up $200 from my CL. $100 for you and $100 for your DW 😁
You’d also be helping out with my OCD. One of my BofA cards has a $19,200 limit that bugs me every time I look at it.
Haha. Wish it was that easy. I've had a $19,200 in the past as well, and numerous other lines ending in weird '00s. FWIW I'm jealous of DW's path being 22-25-40-60-70-90 with 3 zeroes at the end until now with the $99,900.

Basically, you're saying that you ruined her nice streak. Good job! You're in the doghouse now, haha!

I'm actually curious if you've ever had a conversation with a credit analyst or even a supervisor about the $100. I mean, I'd have a hard time explaining why I'm giving you $99,900 but not $100 more. It'd be really fun for me to make a call like that.

Re: Can't break $100k with Bank of America!

K-in-Boston — Thu, 06 Sep 2018 00:19:10 GMT

I have not. I meant to bring it up when I was speaking with the last analyst when I closed my BankAmericard and moved its limit to Travel Rewards (an old MBNA card, which will be my keeper that I'll likely PC to Premium Rewards later on unless they come out with an even better card or they allow PCs to cobranded cards in which case hello Virgin Atlantic black card). Unfortunately, during our long conversation, we mostly chatted about BoA's amusing career choices when applying for credit:

Re: Can't break $100k with Bank of America!

imaximous — Thu, 06 Sep 2018 00:30:00 GMT

Haaaa... that's the part that took me THE longest when I was applying for a business card a couple of weeks ago. They almost made me feel inadequate and professionless

Seriously now, please call because you're really killing me. I'd die if they request a FR for $100.

Re: Can't break $100k with Bank of America!

K-in-Boston — Thu, 06 Sep 2018 00:39:51 GMT

The analyst agreed with me that most white collar workers just end up going with "Manager," which is very vague compared to the others, some of which are oddly specific. I'm a non-owner executive so that was the closest fit, but it applies equally to the 18 year-old shift manager down at McDonalds. I'm not really worried about an FR from BoA. They keep trying to get us to sign up for wealth management and they're our primary checking account, so they see the direct deposits going in. A FR would almost exclusively consist of us giving them our BoA checking statements. LOL

Re: Can't break $100k with Bank of America!

Anonymous — Thu, 06 Sep 2018 00:58:48 GMT

Congrats to your DW on the CLI... but if they can't extend that last $100, maybe I could donate some of my credit line toward the cause?... I'll take $200 in CLDs to cover you and your DW... LOL.

Maybe they use antiquated computer systems and the "total credit line" field is only 5 digits... It might even be 3 digits internally if all CLs have to be rounded to $100 increments... they might only store the hundreds, thousands, and ten-thousands digits, making the highest possible value $99,900 (stored as 999). As a programmer with 30+ years of experience, I've seen stranger things.

Re: Can't break $100k with Bank of America!

K-in-Boston — Thu, 06 Sep 2018 01:04:04 GMT

I wish it was that easy @Anonymous and thank you. There are a few with $100k+ and their online form accepts entries up to $999,900.

Re: Can't break $100k with Bank of America!

imaximous — Thu, 06 Sep 2018 01:32:02 GMT

@K-in-Boston wrote:
The analyst agreed with me that most white collar workers just end up going with "Manager," which is very vague compared to the others, some of which are oddly specific. I'm a non-owner executive so that was the closest fit, but it applies equally to the 18 year-old shift manager down at McDonalds. I'm not really worried about an FR from BoA. They keep trying to get us to sign up for wealth management and they're our primary checking account, so they see the direct deposits going in. A FR would almost exclusively consist of us giving them our BoA checking statements. LOL

Yeah, I wasn't worried about your not clearing a FR. It was more to the tune of, "Sorry Mr. Yankee Fan, we can't grant an additional $100 unless we do a full FR."