topic Re: BOA CLI RULES? in Credit Card Applications

BOA CLI RULES?

gordoncharles25 — Thu, 02 Jul 2020 16:32:20 GMT

hey guys i have 2 boa cards. and they both had the cli button. one was cli approved and the other one denied. have some of you had success increasing 2 of their cards..or you have to wait 91 days once one is approved . the cli button is still there for the one that has been denied.

Re: BOA CLI RULES?

AllZero — Thu, 02 Jul 2020 16:34:04 GMT

Yes, it is possible to obtain 2 CLI at the same time.

CLI interval for eligibility is 91 days from last approval.

For the card that was denied, perhaps you can try again next month?

Re: BOA CLI RULES?

M_Smart007 — Thu, 02 Jul 2020 18:15:35 GMT

@gordoncharles25 wrote:
hey guys i have 2 boa cards. and they both had the cli button. one was cli approved and the other one denied. have some of you had success increasing 2 of their cards..or you have to wait 91 days once one is approved . the cli button is still there for the one that has been denied.

It is possible that you hit the internal limit on what they are willing to grant you for now?

I personally would wait at least 90 days. my $0.02 worth.

Re: BOA CLI RULES?

M_Smart007 — Thu, 02 Jul 2020 18:14:58 GMT

Congrats on your first card CLI

Re: BOA CLI RULES?

coldfusion — Thu, 02 Jul 2020 18:55:08 GMT

@gordoncharles25 wrote:
hey guys i have 2 boa cards. and they both had the cli button. one was cli approved and the other one denied. have some of you had success increasing 2 of their cards..or you have to wait 91 days once one is approved . the cli button is still there for the one that has been denied.

Personally, yes. Back to back on 2 different cards with 2 instant approvals.

91 days is common but is a YMMV. They'll tell you when they think you're eligible to request (request, not necessarily get) another CLI when the "request a credit limit" hyperlink reappears for a given card.

Those 2 CLI hyperlinks will remain until the bank has completed its nightly batch run and they'll be gone before about 5AM EDT tomorrow.

If you were to try a 2nd time on the card you just successfully got a CLI on your request would be deferred for review by an analyst.

Given you were just declined on your 2nd card odds are you'd be declined, but I know emperically that sometimes it gets approved.

Re: BOA CLI RULES?

Curious_George2 — Sat, 04 Jul 2020 15:53:55 GMT

@coldfusion wrote:
@gordoncharles25 wrote:
hey guys i have 2 boa cards. and they both had the cli button. one was cli approved and the other one denied. have some of you had success increasing 2 of their cards..or you have to wait 91 days once one is approved . the cli button is still there for the one that has been denied.
Personally, yes. Back to back on 2 different cards with 2 instant approvals.

91 days is common but is a YMMV. They'll tell you when they think you're eligible to request (request, not necessarily get) another CLI when the "request a credit limit" hyperlink reappears for a given card.

Those 2 CLI hyperlinks will remain until the bank has completed its nightly batch run and they'll be gone before about 5AM EDT tomorrow.
If you were to try a 2nd time on the card you just successfully got a CLI on your request would be deferred for review by an analyst.
Given you were just declined on your 2nd card odds are you'd be declined, but I know emperically that sometimes it gets approved.

I really admire how detailed your knowledge of this stuff is. I'm curious if you have any information or advice applicable to my current, related scenario.

7/2: Requested $5k CLI via website on Card 1. Instant approval. All reports were frozen and inquiry was SP. Prior CLI was only 4.5 months earlier.

7/3: Requested $5k CLI via website on Card 2. Got 7-10 day message. All reports still frozen. Prior CLI was only 4.5 months earlier.

7/4: No change to CL on Card 2 yet. No email update. Since it's a holiday weekend, I assume manual review before Monday is unlikely. Link for "Request a credit line increase" is still present on webpage for Card 2 (not for Card 1).

My gut tells me to just let it be, let them do whatever review is pending and live with their decision on whether/how much to give me on Card 2. But the fact that the CLI link is still showing up the day after I submitted my request surprised me a little and it's making me wonder if there is any advantage (or disadvantage?) to submitting a second request while the first is pending. What do you think?

Re: BOA CLI RULES?

coldfusion — Sat, 04 Jul 2020 16:40:21 GMT

@Curious_George2 wrote:
@coldfusion wrote:
@gordoncharles25 wrote:
hey guys i have 2 boa cards. and they both had the cli button. one was cli approved and the other one denied. have some of you had success increasing 2 of their cards..or you have to wait 91 days once one is approved . the cli button is still there for the one that has been denied.
Personally, yes. Back to back on 2 different cards with 2 instant approvals.

91 days is common but is a YMMV. They'll tell you when they think you're eligible to request (request, not necessarily get) another CLI when the "request a credit limit" hyperlink reappears for a given card.

Those 2 CLI hyperlinks will remain until the bank has completed its nightly batch run and they'll be gone before about 5AM EDT tomorrow.
If you were to try a 2nd time on the card you just successfully got a CLI on your request would be deferred for review by an analyst.
Given you were just declined on your 2nd card odds are you'd be declined, but I know emperically that sometimes it gets approved.

I really admire how detailed your knowledge of this stuff is. I'm curious if you have any information or advice applicable to my current, related scenario.

7/2: Requested $5k CLI via website on Card 1. Instant approval. All reports were frozen and inquiry was SP. Prior CLI was only 4.5 months earlier.
7/3: Requested $5k CLI via website on Card 2. Got 7-10 day message. All reports still frozen. Prior CLI was only 4.5 months earlier.
7/4: No change to CL on Card 2 yet. No email update. Since it's a holiday weekend, I assume manual review before Monday is unlikely. Link for "Request a credit line increase" is still present on webpage for Card 2 (not for Card 1).

My gut tells me to just let it be, let them do whatever review is pending and live with their decision on whether/how much to give me on Card 2. But the fact that the CLI link is still showing up the day after I submitted my request surprised me a little and it's making me wonder if there is any advantage (or disadvantage?) to submitting a second request while the first is pending. What do you think?

You still having a hyperlink showing the day after a CLI request is unusual even over a weekend (IME that isn't the case) but that isn't a key point. It could be tied to yesterday being a celebrated holiday and today both being the actual holiday and on a Saturday. I'd really be surprised if it were still there on Monday morning.

Regardeless, BoA performs manual reviews during weekday business hours. Submitting another CLI request this weekend would be counterproductive.

There may be a decision made as soon as late Monday morning EDT but it could take until later in the week. If you're approved regardless for the full amount or via a counteroffer you will get an email and the updated CL will be visible in your online account within minutes.

At this point I would recommend you just sit tight and let things play out.

Re: BOA CLI RULES?

coldfusion — Sat, 04 Jul 2020 16:49:16 GMT

One thing I neglected to mention - BoA will sometimes grant a CLI request but some or all of it will be scavenged from another BoA card you hold. If you get a CLI on the 2nd card be sure to check the CL on the 1st one to confirm whether or not they did this.

No worries if they do this, as BoA does in many cases allows for credit limits to be rebalanced across cards within reason with a phone call.

Re: BOA CLI RULES?

Wavester64 — Sat, 04 Jul 2020 17:13:00 GMT

@AllZero wrote:
Yes, it is possible to obtain 2 CLI at the same time.

CLI interval for eligibility is 91 days from last approval.

For the card that was denied, perhaps you can try again next month?

AZ, are CLIs for BOA SPs?

Re: BOA CLI RULES?

Curious_George2 — Sat, 04 Jul 2020 17:54:04 GMT

@coldfusion wrote:

At this point I would recommend you just sit tight and let things play out.

Will do. Thanks!

Re: BOA CLI RULES?

AllZero — Sat, 04 Jul 2020 18:01:39 GMT

@Wavester64 wrote:
@AllZero wrote:
Yes, it is possible to obtain 2 CLI at the same time.

CLI interval for eligibility is 91 days from last approval.

For the card that was denied, perhaps you can try again next month?
AZ, are CLIs for BOA SPs?

@Wavester64 .Yes, they have been SP. I haven't read any recent data points for HP. As always, YEMV.

Re: BOA CLI RULES?

coldfusion — Sat, 04 Jul 2020 18:03:41 GMT

@Wavester64 wrote:
@AllZero wrote:
Yes, it is possible to obtain 2 CLI at the same time.

CLI interval for eligibility is 91 days from last approval.

For the card that was denied, perhaps you can try again next month?
AZ, are CLIs for BOA SPs?

Yes, although you will still get language pop up warning that they may perform a HP.

There were a few sporadic reports here of hard pulls being made in the first few months after BoA switched to soft pulls in May 2018 but it's been a long time since I've seen anyone report one.

Re: BOA CLI RULES?

Wavester64 — Sat, 04 Jul 2020 18:28:12 GMT

@AllZero wrote:
@Wavester64 wrote:
@AllZero wrote:
Yes, it is possible to obtain 2 CLI at the same time.

CLI interval for eligibility is 91 days from last approval.

For the card that was denied, perhaps you can try again next month?
AZ, are CLIs for BOA SPs?
@Wavester64 .Yes, they have been SP. I haven't read any recent data points for HP. As always, YEMV.

Thanks buddy! First I need to worry about graduating that bad boy before I can think of any CLI requests

Re: BOA CLI RULES?

AllZero — Sat, 04 Jul 2020 18:35:37 GMT

@Wavester64 wrote:
@AllZero wrote:
@Wavester64 wrote:
@AllZero wrote:
Yes, it is possible to obtain 2 CLI at the same time.

CLI interval for eligibility is 91 days from last approval.

For the card that was denied, perhaps you can try again next month?
AZ, are CLIs for BOA SPs?
@Wavester64 .Yes, they have been SP. I haven't read any recent data points for HP. As always, YEMV.
Thanks buddy! First I need to worry about graduating that bad boy before I can think of any CLI requests

@Wavester64 .Request early graduation at month 5. If denied, every following month until approved.

Re: BOA CLI RULES?

Wavester64 — Sat, 04 Jul 2020 19:28:54 GMT

@AllZero wrote:
@Wavester64 wrote:
@AllZero wrote:
@Wavester64 wrote:
@AllZero wrote:
Yes, it is possible to obtain 2 CLI at the same time.

CLI interval for eligibility is 91 days from last approval.

For the card that was denied, perhaps you can try again next month?
AZ, are CLIs for BOA SPs?
@Wavester64 .Yes, they have been SP. I haven't read any recent data points for HP. As always, YEMV.
Thanks buddy! First I need to worry about graduating that bad boy before I can think of any CLI requests
@Wavester64 .Request early graduation at month 5. If denied, every following month until approved.

Believe it or not I have that exact same statement in my DP notes from you when I saw you mention that to someone else

Re: BOA CLI RULES?

Meanmchine — Sun, 05 Jul 2020 01:38:04 GMT

Good luck on your next attempt

Re: BOA CLI RULES?

Anonymous — Sat, 11 Jul 2020 14:02:28 GMT

7/8/20 I asked BOFA to take off my annual fee they said the system is not allowing them to do or the card will get close off.

A snippet, I got the platinum cash rewards as a secured card Feb 2019 $99 deposit for $500. March 1 2020 I had to call to make my card unsecured manually which I got instantly. I tried to get my annual fee off rep said to call back July/Aug so they can remove it since I now got unsecured. Not even an auto CLI though. I asked for an CLI but got turned down. Called Recon still got turned down. I'm using my credit good sometimes its more than other times, but I'm still good with my credit & my scores have increased quite good. I just waited it out fwd to this week.

As I was saying in the first paragraph. Rep said the only way to upgrade for no fee card is by applying for the visa rewards signature. I told her I was not trying to apply & get a hard inquiry. Why can't they just swap the card. Anyway I decided to go for it since i haven't applied for any card in a while. She said wait 2hrs then check status. DENIED when I called they said is bc I have another card with them. I told them I was just trying to product change without applying for a new. Also said it's BS bc ppl have more than one BOFA cards. He said everyone has different profiles. I said I know that but yall taking off the annual fee for some & not others. It doesn't matter about profiles if BOFA take the fee off do it for all. I told him I know ppl including family & friends with same card and fee was permanently removed.

7/9/20 called & explained what happened. now I have a hard inquiry for nothing. I asked why the other rep didn't just switched the card & closed the other one. He said he didn't see fee on my account I told him bc they took it Feb its an yearly charge. He said ok bc the system only goes back 3 months. He said try CLI I said no I just got hard inquiry day before. He said it will be SP. He asked how much I wasn't sure so he suggested $1,500. I got the 3-5 days msg. Whatever happens- happens. I have a good banking relationship with them for 10yrs as well I kept bringing that up, with money in the bank all they could offer is measly $500 card. I am waiting on the letter then I'll call the Recon to see if they will move the credit over to visa signature.

Fyi-BOFA pulled EX but usesTU for their monthly score updates for customers. Banks need to pull the credit bureau they're using.

Re: BOA CLI RULES?

coldfusion — Sat, 11 Jul 2020 18:53:21 GMT

@Anonymous wrote:
7/8/20 I asked BOFA to take off my annual fee they said the system is not allowing them to do or the card will get close off.

A snippet, I got the platinum cash rewards as a secured card Feb 2019 $99 deposit for $500. March 1 2020 I had to call to make my card unsecured manually which I got instantly. I tried to get my annual fee off rep said to call back July/Aug so they can remove it since I now got unsecured. Not even an auto CLI though. I asked for an CLI but got turned down. Called Recon still got turned down. I'm using my credit good sometimes its more than other times, but I'm still good with my credit & my scores have increased quite good. I just waited it out fwd to this week.

As I was saying in the first paragraph. Rep said the only way to upgrade for no fee card is by applying for the visa rewards signature. I told her I was not trying to apply & get a hard inquiry. Why can't they just swap the card. Anyway I decided to go for it since i haven't applied for any card in a while. She said wait 2hrs then check status. DENIED when I called they said is bc I have another card with them. I told them I was just trying to product change without applying for a new. Also said it's BS bc ppl have more than one BOFA cards. He said everyone has different profiles. I said I know that but yall taking off the annual fee for some & not others. It doesn't matter about profiles if BOFA take the fee off do it for all. I told him I know ppl including family & friends with same card and fee was permanently removed.

7/9/20 called & explained what happened. now I have a hard inquiry for nothing. I asked why the other rep didn't just switched the card & closed the other one. He said he didn't see fee on my account I told him bc they took it Feb its an yearly charge. He said ok bc the system only goes back 3 months. He said try CLI I said no I just got hard inquiry day before. He said it will be SP. He asked how much I wasn't sure so he suggested $1,500. I got the 3-5 days msg. Whatever happens- happens. I have a good banking relationship with them for 10yrs as well I kept bringing that up, with money in the bank all they could offer is measly $500 card. I am waiting on the letter then I'll call the Recon to see if they will move the credit over to visa signature.

Fyi-BOFA pulled EX but usesTU for their monthly score updates for customers. Banks need to pull the credit bureau they're using.

Wow. That was a bit of an adventure.

The rep was correct in that your CLI request should be a SP and they did have a history of re-using hard pulls for multiple requests anyway before they transitioned to a SP-based CLI request system.

The manual review of your request won't happen at least until Monday and may be longer depending upon their backlog so don't read anything into the deferral including your odds of approval.

Re: BOA CLI RULES?

Anonymous — Sat, 11 Jul 2020 19:55:20 GMT

It really was. Thank you. Yeah am optimistic about it, was a SP. Right now I have 11 inquires BOFA made it 12 on Thursday. 4 of them will drop off by end of the year, and another 3 by Feb/March 2021. If anything I'll wait until early next year.

Re: BOA CLI RULES?

Curious_George2 — Sat, 11 Jul 2020 22:56:00 GMT

@coldfusion wrote:
@Curious_George2 wrote:
7/2: Requested $5k CLI via website on Card 1. Instant approval. All reports were frozen and inquiry was SP. Prior CLI was only 4.5 months earlier.
7/3: Requested $5k CLI via website on Card 2. Got 7-10 day message. All reports still frozen. Prior CLI was only 4.5 months earlier.
7/4: No change to CL on Card 2 yet. No email update. Since it's a holiday weekend, I assume manual review before Monday is unlikely. Link for "Request a credit line increase" is still present on webpage for Card 2 (not for Card 1).

My gut tells me to just let it be, let them do whatever review is pending and live with their decision on whether/how much to give me on Card 2. But the fact that the CLI link is still showing up the day after I submitted my request surprised me a little and it's making me wonder if there is any advantage (or disadvantage?) to submitting a second request while the first is pending. What do you think?

You still having a hyperlink showing the day after a CLI request is unusual even over a weekend (IME that isn't the case) but that isn't a key point. It could be tied to yesterday being a celebrated holiday and today both being the actual holiday and on a Saturday. I'd really be surprised if it were still there on Monday morning.

Regardeless, BoA performs manual reviews during weekday business hours. Submitting another CLI request this weekend would be counterproductive.

There may be a decision made as soon as late Monday morning EDT but it could take until later in the week. If you're approved regardless for the full amount or via a counteroffer you will get an email and the updated CL will be visible in your online account within minutes.

At this point I would recommend you just sit tight and let things play out.

Update on my CLI request for Card 2: Denial letter arrived in the mail. It was dated 7/3, which means it was system-generated and no human review occured. Not complaining, just observing. It lists four reasons for the denial:

You have had a recent credit line change on one or more of your accounts. (4.5 months ago on this card and 1 day ago on a different card.)
Current or past delinquency with one or more of your creditors. (I have a 2+ year old 30D on a CapOne card.)
Utilization of your credit is too high. (Util on the TU report they soft pulled is 13%.)
There are too many inquiries on your credit file. (TU shows 2/24, 2/12, 2/6.)

Points 2-4 seem a little exaggerated as reasons to deny a CLI. They didn't stop BofA from giving me a $5k CLI on Card 1 the day before. Seems like reason 1 is the real reason, and it's totally legit in light of their published policy of 1 CLI per card every 6 months. The weird thing is, the hyperlink to request a CLI is still present on this card. It feels like I'm in some sort of gray area. Maybe if everything else about my profile was spotless, I could get a CLI on this card at the 4.5 month point, and that's why the link appears. But when I click it and they look closer, the algorithm decides I actually pose enough risk that they will make me wait longer. Maybe 6 months, maybe less. Who knows?

Also interesting is what they did not say. This card has a $25k CL, and I have spent less than $200 on it in the past 12 months. It actually has a few cents' worth of credit balance at the moment. So clearly I don't need a larger CL, but neither of those facts were mentioned in the denial letter. I recognize that letters like these often don't tell the truth or the whole truth, but I can't think of why they would hide their desire for more spend if that's what they want.

It's so interesting trying to figure out the secret rulebooks various lenders play by. The non-crazy thing to do is to wait until 6 months passes since my last CLI, but I'm super tempted to keep trying the luv button every week while it's there.