topic Re: BoA CLI denial in Credit Card Applications

BoA CLI denial

Anonymous — Tue, 15 Oct 2019 17:35:14 GMT

I've had my BoA WWF cash rewards card since April 2019, SL $5000 . First CLI was 7/4 to $10,100. Counted 91 days to Oct 3rd, requested a CLI and got the 7-10 day message. Received the letter 10/8 with a list of items, the first being that I've had an increase lately.

I thought maybe the holiday pushed me back a day for the 90 days between increases, so requested a CLI again on the 8th, and again got the 7-10 day message. Got the letter today, only reason was too many new accounts.

DPs:
I'm 5/12 for new cards, the most recent being this card in April.
Score given in denial letter was 755 TU fico 8. My other Fico 8s are 750, and 767
AAoA 7 years
Income $66,000

The CLI link is still there. Maybe I'll try again in Dec when I'm 3/12. Both requests were SP.

Re: BoA CLI denial

Anonymous — Tue, 15 Oct 2019 17:50:46 GMT

Just wanted to add, I do have a savings account with BoA with only the min $500 in it to avoid fees. I just saw the DoC article on the new 7/12 and 3/12 rules for card approvals. I wonder if those rules also apply to CLIs? Regardless, I'm under the 7/12.

Re: BoA CLI denial

randomguy1 — Wed, 16 Oct 2019 02:14:23 GMT

I doubt the rules apply to clis.

Re: BoA CLI denial

Anonymous — Wed, 16 Oct 2019 02:32:44 GMT

Too many accounts is better than you have enough and we're not budging.

Just leave them alone and try it once per month until it works again. Aim for Nov 1st or something easy to remember and try it on the 1st of the month until it works. Then go back to the 90 day cycle.

Re: BoA CLI denial

Anonymous — Wed, 16 Oct 2019 05:12:17 GMT

they give out cli's like crazy for this card, in some cases people that started at a 1k limit hit 55k by the end of their first year. this is one reason that i like it.

Re: BoA CLI denial

Anonymous — Wed, 16 Oct 2019 14:34:13 GMT

Oh, so it's just me then? 😉

I don't really need a CLI, it's just nice to get. Oh well, I can put my patient panties on and try again later. Maybe one day I'll hit that 55k mark! (Right, on $60000 income, ha!)

Re: BoA CLI denial

Anonymous — Wed, 16 Oct 2019 15:11:33 GMT

Don't get discouraged. The sweet spot is 50% of your income w/ BOA unless you have extensive deposit accounts. That should grow to 30K over time.