topic Re: How often for BOA CLI? in Credit Card Applications

How often for BOA CLI?

signaturecardmember — Wed, 06 Jun 2018 22:03:52 GMT

Hey guys,

I havent been around nearly as much due to work keeping me busy. How often are people requesting BOA CLIs?

I had been on a 6 month cycle before...also now it seems BOA is doing SP CLIs and no more HP?

Thanks!!

Re: How often for BOA CLI?

Anonymous — Wed, 06 Jun 2018 22:07:51 GMT

That's what someone here posted from another website about the SP CLIs. Not too sure about the auto CLIs.

Re: How often for BOA CLI?

imaximous — Wed, 06 Jun 2018 22:55:20 GMT

My last two CLIs were 3 months apart. But, as we all know, anything credit related is YEMV.

Re: How often for BOA CLI?

Anonymous — Wed, 06 Jun 2018 23:28:09 GMT

Every three months the Luv Button (which is actually a bright red hyperlink) will appear in your BOA account. If you click on it and submit the requested information; until a few weeks ago it was always a hard TU pull.

Re: How often for BOA CLI?

signaturecardmember — Thu, 07 Jun 2018 01:23:51 GMT

Great, I just helped a friend today who was on the 6 month cycle hit it and went from $30k to $40k. My 6 month cycle is only a few days away so I will wait for that just in case it gets extra help and then try again after 3 months... thanks everyone!

Re: How often for BOA CLI?

arkane — Thu, 07 Jun 2018 02:50:28 GMT

@Anonymous wrote:
Every three months the Luv Button (which is actually a bright red hyperlink) will appear in your BOA account. If you click on it and submit the requested information; until a few weeks ago it was always a hard TU pull.

Is it confirmed SP for everybody, or is this still the invite-only SP thing that I've seen mentioned a few times? I ask because my CLI link still contains the same HP verbiage that's always been there.

Ah nvm I've been out of the loop, relevant thread here: https://ficoforums.myfico.com/t5/Credit-Cards/BoA-to-stop-HPs-for-CLI-s/m-p/5250589#M1551738

Re: How often for BOA CLI?

afijunkie — Thu, 07 Jun 2018 02:52:59 GMT

Usually I have gone every 3 months as well. In fact before coming on here tonight I just got a cli from 22k to 30k, no hp.

Re: How often for BOA CLI?

Anonymous — Tue, 26 Mar 2019 05:39:36 GMT

Is it possible that with 13 months old BOA, and went from 300 secured-to 2000 unsecured cash rewards, i have never seen the luv button? can you send me a picture of it?

i only see a " Request a credit line increase" hyperkink that has been there permanently since day 1.

also whats the best frequency for CLI with them every 3 months or 6?

and what percentage do you suggest to aim for? double? 50% increase?

its my only credit card and im new to credit so i would be grateful for some guidance!

Re: How often for BOA CLI?

imaximous — Tue, 26 Mar 2019 15:00:24 GMT

@Anonymous wrote:
Is it possible that with 13 months old BOA, and went from 300 secured-to 2000 unsecured cash rewards, i have never seen the luv button? can you send me a picture of it?
i only see a " Request a credit line increase" hyperkink that has been there permanently since day 1.

also whats the best frequency for CLI with them every 3 months or 6?
and what percentage do you suggest to aim for? double? 50% increase?
its my only credit card and im new to credit so i would be grateful for some guidance!

That link that you're seeing is what people are referring to as "luv button." Click on it and submit your CLI request. The wording may imply a hard pull, but they've been soft pulling for a while now (early - mid last year, I think). But, as you should know, nothing in credit is guaranteed. Just have some faith

You can ask for as much as you'd like. BofA will counter with whatever amount they're comfortably willing to give you at the moment (if any) based on your credit profile. It's suggested that you ask for a high amount to make sure you're not leaving anything on the table.

You can request a CLI after at least 3 months from the last approval. The CLI link may appear before 3 months again, but you're likely to be declined if you submit a request too soon. If you're denied, you can ask again anytime, but I'd make sure there's a positive change in your profile or you're probably going to get the same result. BofA may use a report for 30 days, so keep that in mind if you decide to resubmit. They may look at the same report again. Good luck!

Re: How often for BOA CLI?

Anonymous — Tue, 26 Mar 2019 19:54:58 GMT

Thank you so much imaximous for your help.

The thing is, that link has been always there!! permanently !!!

can i give you a quick summary of my history and you can help me? Or is there a way to send private message?

I open my first cc boa cash rewards in feb 18 300 secured, no ITIN no SSN then i upgraded it to 2000,in april, then in september i asked to unsecure it, granted. and then i tried several applications for cards and loansbecause i thought it would not be reported, as i did not have a number to report on( no itin, no ssn) but then i got a free report and saw that, when i applied they could not find me in the buereaus to give me the CC but they all found me to report HP´S ...thats very unfair... so i got 2 personal loans, with oportun and lendify and TRY a CLI to 4000 with BOA rejected, ended up with like 5 OR 6HP, my credit went from 686 to 617, 70 POINT DROP...

Now i am waiting to drop april and may applications from last year and i need to know what would be my next step?

i am receiving a lot of letters on the mail for capital one platinum, and i already have an itin number.

i believe the next step will be in may to PIF the 2 loans, and ask for a CLI BOA because is my only credit card and i want it to have a high limit, so the other that come next will also high limits.... Im also aware that some people say get a second and third card and let them age.... but for me there is no point on having a 300 cap on plat, then wait 5 montsh to get it to 850...then another 5 months to get it to 1500...no sense for me...

i prefer to have few cards but monster limits, 15k up as i am a business owner and sometimes need hard cash for investments.

Re: How often for BOA CLI?

imaximous — Tue, 26 Mar 2019 20:45:41 GMT

@Anonymous wrote:
Thank you so much imaximous for your help.
The thing is, that link has been always there!! permanently !!!
can i give you a quick summary of my history and you can help me? Or is there a way to send private message?

That link stays there till you get approved for a CLI. Then, it goes away by the following day, and comes back some time later. In my case, it comes back about 2 months from the last CLI approval, but I wait till the 3rd month to submit another request. The one time I got denied, the link stayed there. A few days later, I made another request and was approved. Then it disappeared for a couple of months again.

@Anonymous wrote:
I open my first cc boa cash rewards in feb 18 300 secured, no ITIN no SSN then i upgraded it to 2000,in april, then in september i asked to unsecure it, granted. and then i tried several applications for cards and loansbecause i thought it would not be reported, as i did not have a number to report on( no itin, no ssn) but then i got a free report and saw that, when i applied they could not find me in the buereaus to give me the CC but they all found me to report HP´S ...thats very unfair... so i got 2 personal loans, with oportun and lendify and TRY a CLI to 4000 with BOA rejected, ended up with like 5 OR 6HP, my credit went from 686 to 617, 70 POINT DROP...
Now i am waiting to drop april and may applications from last year and i need to know what would be my next step?
i am receiving a lot of letters on the mail for capital one platinum, and i already have an itin number.
i believe the next step will be in may to PIF the 2 loans, and ask for a CLI BOA because is my only credit card and i want it to have a high limit, so the other that come next will also high limits.... Im also aware that some people say get a second and third card and let them age.... but for me there is no point on having a 300 cap on plat, then wait 5 montsh to get it to 850...then another 5 months to get it to 1500...no sense for me...
i prefer to have few cards but monster limits, 15k up as i am a business owner and sometimes need hard cash for investments.

I'm not sure I can help with the rest. You're in a unique situation because you didn't have a SSN or ITIN at the time you applied. I honestly don't know BoA's policies in this regard. Maybe someone else around here can chime in or speak with a specialist in their lending department. You could also try to get some guidance from a banker at a local branch to start. Sorry I can't offer any other advice.

I was going to say that you should update your info with the ITIN at BoA, but I don't even know if BoA uses that for credit decisions instead of a SSN.

Re: How often for BOA CLI?

Anonymous — Tue, 26 Mar 2019 20:55:42 GMT

everythings has been updated regarding the itin. my creditors have it, and the bureaus have it.

so i am now a normal person, with a normal credit file since feb 2018.

treat me as a normal credit person now heheh

i believe i am in the mid 600´s now.

BOA CASH REWARDS 2000 UNSECURED

Oportun loand 2300

Lendify loan 1200

receiving Cap One Plat letters.

I am gardening to rise up my scores for an apartment in april or may.

I always PIF but after the statement comes out, so my utilization was very high, but now i will PIF before the statement and leave it under 8.9%

What should be the next step?

-PIF the Loans?

-Get a CLI on BOA?

-Get the cap one plat?

Re: How often for BOA CLI?

imaximous — Wed, 27 Mar 2019 14:13:35 GMT

@Anonymous wrote:
everythings has been updated regarding the itin. my creditors have it, and the bureaus have it.
so i am now a normal person, with a normal credit file since feb 2018.
treat me as a normal credit person now heheh

i believe i am in the mid 600´s now.
BOA CASH REWARDS 2000 UNSECURED
Oportun loand 2300
Lendify loan 1200

receiving Cap One Plat letters.

I am gardening to rise up my scores for an apartment in april or may.
I always PIF but after the statement comes out, so my utilization was very high, but now i will PIF before the statement and leave it under 8.9%

What should be the next step?
-PIF the Loans?
-Get a CLI on BOA?
-Get the cap one plat?

If the only thing keeping your scores in the mid 600s is your utilization, then that's what I'd work on. But if you have other issues like late payments, etc., then that's another story.

Before applying for any other card or even a CLI, I'd work on improving my profile. Keep UTIL low and see what type of impact it has on your score. Once your score rebounds, go for a CLI first because it's a soft pull with BoA and if you get a decent amount, it may help with your approval odds and starting lines with other lenders.

I'm not sure how many other lenders offer credit cards to people with ITINs, but I think Amex and Citi do as well. I'd go for Amex first if they interest you as a lender. I just don't know your rewards goals.

CapOne is a great bank for starter cards, but I'd still go for Amex first if I were you. I'd rather burn a single HP trying to get in with a much better lender (IMO) than 3 HPs for a bucket card. You already have a history of over a year, so that works in your favor as long as you can take care of your current profile before you do anything.

In short, this is what I'd do: improve credit file > attempt CLI with BoA and wait till new limit gets reported > apply for Amex card (if you like them).

This may take some time, but I believe in applying when credit is at its best rather than get mediocre results.