topic Re: BofA CLI Denial in Credit Card Applications

BofA CLI Denial

Five6Two — Sat, 18 Jan 2020 01:31:48 GMT

As the title reads....I was at day 95 so decided to hit the luv button. Got hit with a 7-10 day notice. Received letter today and it read "too many recent accounts opened". Weirdly, I haven't opened any new accounts since my last CLI approval. Oh well, I guess I will let accounts age from 9 months to 12 months and hit the luv button again in April.

Re: BofA CLI Denial

Anonymous — Sat, 18 Jan 2020 01:45:57 GMT

Sorry that your CLI attempt was unsuccessful. You have to take BofA's reason codes with a grain of salt; "Too many recent accounts opened" actually means that the account on which you were trying to get a CLI was opened to recently to qualify for one. I've seen several recent datapoints that suggest that new BofA accounts now have to age at least a year before they can get a limit increase.

Re: BofA CLI Denial

Anonymous — Sat, 18 Jan 2020 02:10:30 GMT

@Anonymous wrote:
"Too many recent accounts opened" actually means that the account on which you were trying to get a CLI was opened to recently to qualify for one. I've seen several recent datapoints that suggest that new BofA accounts now have to age at least a year before they can get a limit increase.

I'm not sure that is nesccarily true. My BoA cash rewards cards is about 5 years old. I got a CLI on the account about 6 months ago from 2,500 > 5,000. The luv button showed up a few weeks ago, smashed it and was denied. When I received the letter in the mail the sole reason was "too many accounts recently opened". So who knows what their "reason" letters actually mean. Good luck on the next CLI request.

Re: BofA CLI Denial

AllZero — Sat, 18 Jan 2020 05:40:37 GMT

No useful information provided by me. Maybe all the heavy hitters have tapped the well dry with their mega $99,900 limits. We can only request hundred dollar increments now instead of tens of thousands.

Re: BofA CLI Denial

Five6Two — Sat, 18 Jan 2020 03:16:26 GMT

@Anonymous wrote:
Sorry that your CLI attempt was unsuccessful. You have to take BofA's reason codes with a grain of salt; "Too many recent accounts opened" actually means that the account on which you were trying to get a CLI was opened to recently to qualify for one. I've seen several recent datapoints that suggest that new BofA accounts now have to age at least a year before they can get a limit increase.

Well, this is my oldest and first account ever, so I think I've had it open for almost 12 years

Re: BofA CLI Denial

Anonymous — Sat, 18 Jan 2020 03:20:20 GMT

When was your last CLI?

Re: BofA CLI Denial

Five6Two — Sat, 18 Jan 2020 05:52:19 GMT

@Anonymous wrote:
When was your last CLI?

July 12th, 2019

Re: BofA CLI Denial

kudosalert — Tue, 21 Jan 2020 13:45:08 GMT

@AllZero wrote:
No useful information provided by me. Maybe all the heavy hitters have tapped the well dry with their mega $99,900 limits. We can only request hundred dollar increments now instead of tens of thousands.

wasnt me...i requested 99k and they gave me 9.2k

Re: BofA CLI Denial

JR_TX — Wed, 22 Jan 2020 00:42:07 GMT

Sorry to hear OP.

Do you have any depository/investment accts with them?

Most often than not they deny a lot of CLIs/Apps with some broad even vague reasons given but simply put, "Not Enough relationship" as the real culprit for the denial.

Re: BofA CLI Denial

Anonymous — Wed, 22 Jan 2020 20:51:13 GMT

@kudosalert wrote:
@AllZero wrote:
No useful information provided by me. Maybe all the heavy hitters have tapped the well dry with their mega $99,900 limits. We can only request hundred dollar increments now instead of tens of thousands.
wasnt me...i requested 99k and they gave me 9.2k

So I'm guessing the UW on duty that day likely spit his coffee across the room when reading that request?!