topic Re: BofA luv button? Risk? in Credit Cards

BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 17:10:40 GMT

Hi all,

I know the CLI request for BofA does a soft pull, so that's good. But my question is, let's say they reject it, how long do I have to wait before I can try again? Will they restrict me from requesting a CLI for X number of months?

Re: BofA luv button? Risk?

jsmith12345 — Tue, 22 Jul 2008 17:28:59 GMT

No, there is no restriction on how often you request with BofA. However, be forewarned, when you request and they do a soft pull, they review your credit standing then and could possibly decrease your credit line. Also, if you do several requests over a short period of time it will send up red flags...

Re: BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 17:31:50 GMT

I went ahead and tried it. OMG, I LOVE BofA! They have a customer for life. Gonna start another thread I will definitely not push my luck with it from now on!

Re: BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 18:29:44 GMT

Interesting, they hard pulled me...

Re: BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 18:38:48 GMT

Hi smoothjk, Did you get instant approval or did you get the 10 day wait? Thanks.

Re: BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 18:43:02 GMT

gordonbs wrote:

Interesting, they hard pulled me...

For CLI?

Did they inform you they would pull a hard first?

Re: BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 18:43:15 GMT

To my surprise, I was approved instantly.

Re: BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 18:44:26 GMT

@Anonymous wrote:
Interesting, they hard pulled me...

That's odd, because even on the CLI page, they say that they won't pull without prior notice. Never heard of anyone getting hard pulled by BofA before (except, of course, when applying for a new line of credit ... NOT just a CLI).

Re: BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 18:46:25 GMT

@Anonymous wrote:

@Anonymous wrote:

Interesting, they hard pulled me...

That's odd, because even on the CLI page, they say that they won't pull without prior notice. Never heard of anyone getting hard pulled by BofA before (except, of course, when applying for a new line of credit ... NOT just a CLI).

I have heard of it, but as you said, never without informing the cardholder first and giving them a chance to rescind the request.

Re: BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 20:43:48 GMT

I used the button on their website to request CLI. Filled out a form IIRC, and got the message about 7-10 days something in the mail... Never told me if they would hard or soft.

Re: BofA luv button? Risk?

Anonymous — Tue, 22 Jul 2008 20:46:52 GMT

Ochh, NM

Just relooked at reports they did do a soft.

AMEX did a hard, for a new personal card and they pulled all 3 CRs, not just EX.

Sorry for the confusion.