topic Re: B of A Starting Limit in Credit Card Applications

B of A Starting Limit

live-n-learn — Sat, 30 Jul 2016 13:13:23 GMT

Hi,

I was considering apping for the Bank of America Balance Transfer Card, (got a pre-selected offer) but am curious to

know what their initial starting limits are like.

If they tend to offer starting lines on the low side then its pointless for me to app for it right now because

I want to do a BT.

Anybody have any idea of this?

Re: B of A Starting Limit

Anonymous — Sat, 30 Jul 2016 13:31:52 GMT

BOA pre-approvals are often not solid. No one on the board can tell you what your starting limit will be. Your starting limit is determined by the limits on your current cards in addition to your credit profile.

Re: B of A Starting Limit

Anonymous — Sat, 30 Jul 2016 15:50:40 GMT

As the OP stated BoA pre-approvals are not solid. I was signed into my BoA account and received a pre-approval for their travel rewards card and was denied.

It's hard for anyone to say what your SCL would be. I only have one BoA cc and was a secured credit card with a $400 CL that I eventually PC'd to the Cash Rewards card and I applied for a CLI and my card is now at $5k. So I don't have any experience with a SCL on a traditional BoA cc. Sorry....

Re: B of A Starting Limit

Anonymous — Sat, 30 Jul 2016 15:51:57 GMT

Re: B of A Starting Limit

CreditMagic7 — Sat, 30 Jul 2016 17:32:41 GMT

@Anonymous wrote:
BOA pre-approvals are often not solid. No one on the board can tell you what your starting limit will be. Your starting limit is determined by the limits on your current cards in addition to your credit profile.

Re: B of A Starting Limit

Anonymous — Sat, 30 Jul 2016 22:29:21 GMT

@live-n-learn wrote:
Hi,

I was considering apping for the Bank of America Balance Transfer Card, (got a pre-selected offer) but am curious to
know what their initial starting limits are like.
If they tend to offer starting lines on the low side then its pointless for me to app for it right now because
I want to do a BT.

Anybody have any idea of this?

My sister only got $1,000 with the BOA BBR MC..............And her other credit cards are over $5,000 each with other Banks.

Re: B of A Starting Limit

Anonymous — Sat, 30 Jul 2016 20:16:28 GMT

@Anonymous wrote:
As the OP stated BoA pre-approvals are not solid. I was signed into my BoA account and received a pre-approval for their travel rewards card and was denied.

It's hard for anyone to say what your SCL would be. I only have one BoA cc and was a secured credit card with a $400 CL that I eventually PC'd to the Cash Rewards card and I applied for a CLI and my card is now at $5k. So I don't have any experience with a SCL on a traditional BoA cc. Sorry....

I would be furious! But many things now make me "furious" at <50 grams of carbs a day...

To me, there is nothing worse (in the credit world, at least) than getting pre-approved, applying and then denied.

BOL OP

Re: B of A Starting Limit

CountryLivin — Sat, 30 Jul 2016 22:57:58 GMT

@Anonymous wrote:
@Anonymous wrote:
As the OP stated BoA pre-approvals are not solid. I was signed into my BoA account and received a pre-approval for their travel rewards card and was denied.

It's hard for anyone to say what your SCL would be. I only have one BoA cc and was a secured credit card with a $400 CL that I eventually PC'd to the Cash Rewards card and I applied for a CLI and my card is now at $5k. So I don't have any experience with a SCL on a traditional BoA cc. Sorry....
I would be furious! But many things now make me "furious" at <50 grams of carbs a day...

To me, there is nothing worse (in the credit world, at least) than getting pre-approved, applying and then denied.

BOL OP

Re: B of A Starting Limit

live-n-learn — Sun, 31 Jul 2016 00:50:34 GMT

Well I applied for the offer and was approved. The offer did show up in my online account. I was only approved for $2,500.
My other cards are much higher. Oh well, according to this forum, I can possibly grow it with some CLIs.

Re: B of A Starting Limit

Anonymous — Sun, 31 Jul 2016 04:47:43 GMT

congrats on the approval! it will be a good limit in no time. when it shows "request an increase" go for it, maybe in 5 or 6 months. Aim for more than what you need, they will counter.