topic Re: Only $100 BOA CLI? in Credit Card Approvals

Only $100 BOA CLI?

Anonymous — Sun, 24 Feb 2019 15:00:51 GMT

Boa has been peppering me with email and pop up notices to increase my credit line on visa cash rewards card for the past couple of weeks. I went ahead and updated my income info and asked for 30K (via the cli button) - just got $100.00. I can understand a couple of thousand, but $100? I went ahead with 30K thinking they would counter with something lower, and it was over the weekend. Maybe 30K was too much.

I've had the card for 23 months. 13K line. Never late. Highest balance was 10K. (now $10).

I do have two other cards with boa - business card 0/3.5K and mastercard 7.8K/18.5K - which makes total utilization with boa 22%. All in good standing. Also have 2 checking and 1 savings account with them. Overall CR - clean, utilization is at 46%, TU is 710-715.

Thoughts?

Re: Only $100 BOA CLI?

Peteyglad — Sun, 24 Feb 2019 15:05:23 GMT

In my experience with BOA you can never ask for too much. If your profile supports it they will always counter vs a denial .

Re: Only $100 BOA CLI?

simplynoir — Sun, 24 Feb 2019 15:06:40 GMT

Might just be a case of both the maximum credit they'll extend you for the time being and balance on the other card. Have you attempted to ask for CLIs on your other two cards by any chance? Believe that's allowed.

Re: Only $100 BOA CLI?

Anonymous — Sun, 24 Feb 2019 15:14:05 GMT

Not recently. They did an auto cli with the MC, 13K to 18.5K, last year...and that's the card I have the balance on. I haven't done anything with the bis card.

Re: Only $100 BOA CLI?

JoeLuvsHisCredit — Sun, 24 Feb 2019 15:52:42 GMT

One thing to keep in mind is with BOA the max (exposure) you can have is about half of your income. At least you got something op. Hugs

Re: Only $100 BOA CLI?

CreditInspired — Sun, 24 Feb 2019 15:50:47 GMT

They may not like the 46% aggregate UT. I bet if you got that down to <28.9% and try again, they’d be more inclined to counter with a higher offer.

GL2U

Re: Only $100 BOA CLI?

Anonymous — Sun, 24 Feb 2019 15:58:35 GMT

Income is 80K, so that gives me 4-5K as a potential increase.

The $100 just seems odd - why not just decline me outright? One thought was, that it was the weekend and there was no analyst to approved the amount of 30K, the request just got kicked over to some in between zone. I dunno. I'm calling them on Monday! See what's going on here.

Re: Only $100 BOA CLI?

JoeLuvsHisCredit — Sun, 24 Feb 2019 16:07:37 GMT

@Anonymous wrote:
Income is 80K, so that gives me 4-5K as a potential increase.
The $100 just seems odd - why not just decline me outright? One thought was, that it was the weekend and there was no analyst to approved the amount of 30K, the request just got kicked over to some in between zone. I dunno. I'm calling them on Monday! See what's going on here.

Good luck on monday. I never had any luck from calling BOA. At least BOA CLIS are now SP and your cli link will be back in 3/4 months. Maybe you can get your DTI (with them) down some before your next cli. GOOD LUCK AGAIN OP

Re: Only $100 BOA CLI?

Anonymous — Sun, 24 Feb 2019 16:18:23 GMT

That's the other thing - the link never disappeared! It's still there, even after clicking it and going through the process yesterday. I don't want to click it again though...I'll call.

Re: Only $100 BOA CLI?

JoeLuvsHisCredit — Sun, 24 Feb 2019 16:23:41 GMT

@Anonymous wrote:
That's the other thing - the link never disappeared! It's still there, even after clicking it and going through the process yesterday. I don't want to click it again though...I'll call.

The link will go away after tonight. The link always go away for me in 2 days and come back in 3 months but i had better luck in 4 months

Re: Only $100 BOA CLI?

AverageJoesCredit — Sun, 24 Feb 2019 17:11:29 GMT

I would love a $100 increase on my card because at least it would be something. Im stuck for life on my limit. Im sure @K-in-Boston would move heaven and earth for that $100 too. But yeah, for someone who has growth left, why would they feel the need to Cap One ya?

Re: Only $100 BOA CLI?

Anonymous — Mon, 25 Feb 2019 16:16:27 GMT

Congrats on CLi !!!!

Re: Only $100 BOA CLI?

Anonymous — Mon, 25 Feb 2019 17:54:20 GMT

This post made me go check to see if my link was back. It was. I was at $15K, put in for $20K and approved. Now I think I'm going to go cancel Barclays while I am at it because I'm TIRED of that $1500 limit from way back when I was thankful for ANY. It won't count towards my AAoA's though right? Just my utilization (which is at 2%) now anyway; $1500 isn't going to break me.

Thoughts?

Re: Only $100 BOA CLI?

Anonymous — Mon, 25 Feb 2019 21:58:02 GMT

No dice.

Talked to a rather strident analyst...and according to her the $100 cli was a nice way of BOA saying...NO. But I get it, their exposure with me is about at maximum...and overall utilization is 46%, which likely is a factor.

Re: Only $100 BOA CLI?

CreditInspired — Mon, 25 Feb 2019 23:29:27 GMT

IMHO, Don’t close @juniebrunner. Just SD. Then if Barclays wants to close you for nonactivity, so be it.

Just my 2cents.

Re: Only $100 BOA CLI?

Anonymous — Tue, 26 Feb 2019 14:08:37 GMT

@CreditInspired wrote:
IMHO, Don’t close @juniebrunner. Just SD. Then if Barclays wants to close you for nonactivity, so be it.

Just my 2cents.

Thanks! Yeah I went to the site to do so but you can't online, and I hate talking to ppl on the phone in these instances so I figured same: If they close it for non-activity, so be it.