topic Re: bofa cli after I accidentally missed a payment by four days in Credit Card Applications

bofa cli after I accidentally missed a payment by four days

Jccflat — Fri, 05 May 2023 22:25:33 GMT

how long do I need to wait or what is my chances getting a increase after missing the paymeny with bofa ?

do I have any chance of getting it after a period of time?

or it's lost

Re: bofa cli after I accidentally missed a payment by four days

NoMoreE46 — Sat, 06 May 2023 00:09:43 GMT

How late?

Like one day or > 30 days?

@Jccflat wrote:
how long do I need to wait or what is my chances getting a increase after missing the paymeny with bofa ?
do I have any chance of getting it after a period of time?
or it's lost

Re: bofa cli after I accidentally missed a payment by four days

ptatohed — Sat, 06 May 2023 00:50:40 GMT

I feel left out on this board by missing the fascination with CLIs.

Re: bofa cli after I accidentally missed a payment by four days

M_Smart007 — Sat, 06 May 2023 01:17:51 GMT

@ptatohed wrote:
I feel left out on this board by missing the fascination with CLIs.

Always chasing cashback will have those kinda side effects

Re: bofa cli after I accidentally missed a payment by four days

Jccflat — Sun, 07 May 2023 03:47:52 GMT

the late is by 4 days

Re: bofa cli after I accidentally missed a payment by four days

DONZI — Sun, 07 May 2023 04:02:51 GMT

First time being late? ..over ?? how long having the card.

If they'll waive the late fee (by request) that would probably be a good indication that your fine.

If they don't it still may be fine, but regardless, would probably be better if going for a few months without being late again before trying for a CLI.

Re: bofa cli after I accidentally missed a payment by four days

NoMoreE46 — Sun, 07 May 2023 12:03:18 GMT

4 days should be okay. I don't know how I had missed this in your title @Jccflat .

What is the utility for this card and overall?

How long have you had is BoA card?

Re: bofa cli after I accidentally missed a payment by four days

Kforce — Sun, 07 May 2023 20:31:25 GMT

@ptatohed wrote:
I feel left out on this board by missing the fascination with CLIs.

^^^ This

Kind of like the numbers on your car speedometer.

spedo.jpg

Re: bofa cli after I accidentally missed a payment by four days

Jccflat — Sun, 07 May 2023 21:19:33 GMT

thanks no more E46

I tried, and it was declined for cli

i have the card 13 months before that 12 months the reason was they said they want to see 12 months when they declined me,

now not sure the reason I'm waiting for the litter but I guess because my utilization is $5000 on a card with 8k.

I guess when asking cli with bofa is better not to have a big utilization is it correct?

Re: bofa cli after I accidentally missed a payment by four days

NoMoreE46 — Mon, 08 May 2023 00:10:34 GMT

I haven't tried a CLI on my BoA yet so I have no experience. Hopefully, others can chime in but the 63% utlilization on your card could be the factor.

@Jccflat wrote:
thanks no more E46
I tried, and it was declined for cli
i have the card 13 months before that 12 months the reason was they said they want to see 12 months when they declined me,
now not sure the reason I'm waiting for the litter but I guess because my utilization is $5000 on a card with 8k.
I guess when asking cli with bofa is better not to have a big utilization is it correct?

Re: bofa cli after I accidentally missed a payment by four days

ptatohed — Mon, 08 May 2023 07:08:21 GMT

@M_Smart007 wrote:
@ptatohed wrote:
I feel left out on this board by missing the fascination with CLIs.
Always chasing cashback will have those kinda side effects

Yeah, very true. I have a maddening obsession with true CB. CLIs? Not so much

Re: bofa cli after I accidentally missed a payment by four days

ptatohed — Mon, 08 May 2023 07:29:34 GMT

@Kforce wrote:

@ptatohed wrote:
I feel left out on this board by missing the fascination with CLIs.
^^^ This
Kind of like the numbers on your car speedometer.

spedo.jpg

Agree. Literally, the only CLI I have ever proactively pursued in my 30 years of having credit cards was for my $5k AOD that I would, often enough, bounce off (or exceed) the rev limiter of (requested and got a $10k limit, more than enough, done). Other than that, my CLs are what they are. I don't need the extra headroom for my spending so I don't care.

It's kind of all relevant, right? You can request a $1,000 CLI from your existing 10 cards, or you can apply for a new $10,000 card. At the end of the day, is there a difference?

I just don't get the CLI fascination/obsession around here. But it could very well be me!

Re: bofa cli after I accidentally missed a payment by four days

OmarGB9 — Sun, 14 May 2023 15:41:59 GMT

@ptatohed wrote:
@Kforce wrote:

@ptatohed wrote:
I feel left out on this board by missing the fascination with CLIs.
^^^ This
Kind of like the numbers on your car speedometer.

spedo.jpg

Agree. Literally, the only CLI I have ever proactively pursued in my 30 years of having credit cards was for my $5k AOD that I would, often enough, bounce off (or exceed) the rev limiter of (requested and got a $10k limit, more than enough, done). Other than that, my CLs are what they are. I don't need the extra headroom for my spending so I don't care.

It's kind of all relevant, right? You can request a $1,000 CLI from your existing 10 cards, or you can apply for a new $10,000 card. At the end of the day, is there a difference?


I just don't get the CLI fascination/obsession around here. But it could very well be me!

There can be a pretty big difference. A new $10k card may not be feasible for a multitude of reasons, plus a new account would cause a score hit due to lowering of AAoA, resetting of AoYA, and the inquiry itself. Some people don't like/can't afford that (i.e. if mortgage shopping within the next 12 months). Likewise, getting 10 $1k CLIs may be difficult because some lenders are more conservative than others, or CLIs cost HPs, or they have certain timelines/rules that must be followed, or they may not even have 10 accounts! Everyone has different goals and needs.