topic Re: BoA ... "Too many Credit line increase requests" in Credit Cards

BoA ... "Too many Credit line increase requests"

Anonymous — Mon, 11 Jan 2016 20:08:38 GMT

Hello,

Just needed your opinion. I applied for BoA CLI prior to my 3rd statement last Dec 2015 but was denied and requested for a Recon but was also denied due to "less than 90 days from account opening". I applied again today after my 4th statement but No luck again and now the reason for the denial "Too many recent credit line increase requests". They used the same credit report I did with my CLI request. Will it raise red flags if asking for too many CLIs for BoA? The Senior credit analyst that helped me with my CLI reauest also mentioned that BoA did a SP last Dec 22nd. Hope they will not AA me with my CLI requests . Thank you.

Re: BoA ... "Too many Credit line increase requests"

FinStar — Mon, 11 Jan 2016 20:22:39 GMT

To be blunt, it looks desperate given the account is fairly new IMO. Why not wait and space them out? All it takes is one analyst to look into things a bit deeper and that could delay getting them. I wouldn't think AA is imminent but the majority of the time, they tend to document things in their notes + they can see how may CLI requests you've submitted vs those that have been automatically assigned.

Re: BoA ... "Too many Credit line increase requests"

Anonymous — Mon, 11 Jan 2016 20:29:23 GMT

@FinStar wrote:
To be blunt, it looks desperate given the account is fairly new IMO. Why not wait and space them out? All it takes is one analyst to look into things a bit deeper and that could delay getting them. I wouldn't think AA is imminent but the majority of the time, they tend to document things in their notes + they can see how may CLI requests you've submitted vs those that have been automatically assigned.

Thank you. I was not desperate in getting the CLI but I just got influenced after reading here some success stories of getting approved even less than 30 days . So, when is it safe to ask again CLI? 6 months from opening or just wait for auto luv?

Re: BoA ... "Too many Credit line increase requests"

FinStar — Mon, 11 Jan 2016 20:44:55 GMT

@Anonymous wrote:
@FinStar wrote:
To be blunt, it looks desperate given the account is fairly new IMO. Why not wait and space them out? All it takes is one analyst to look into things a bit deeper and that could delay getting them. I wouldn't think AA is imminent but the majority of the time, they tend to document things in their notes + they can see how may CLI requests you've submitted vs those that have been automatically assigned.
Thank you. I was not desperate in getting the CLI but I just got influenced after reading here some success stories of getting approved even less than 30 days . So, when is it safe to ask again CLI? 6 months from opening or just wait for auto luv?

No worries, I didn't say you were desperate but rather see it from their perspective. Success stories does not always = the same for everyone. That tends to be the downfall in a variety of cases for individuals whose profiles do not support cerain things, like in your case.

But, what's done is done and you can definitely try again at the 6 month mark (minimum) and see if it provides a fruitful outcome. Auto-CLIs are far and in between with BOA, much like Chase's auto-CLIs. On occasion, they do offer pre-approved (CLI) solicitations (online, snail mail or email) but typically for folks with decent or excellent profiles. So, you never know.

Out of curiousity, what was the reason they declined your 1st CLI attempt?

Re: BoA ... "Too many Credit line increase requests"

ddemari — Mon, 11 Jan 2016 20:47:00 GMT

whats your TU Fico? i never had CLI sucess with boa till my score was 700 range and my card was open for a year. Lots of people have sucess at the 6 month mark with a good score and use on the card though.

Re: BoA ... "Too many Credit line increase requests"

Anonymous — Mon, 11 Jan 2016 23:11:18 GMT

@ddemari wrote:
whats your TU Fico? i never had CLI sucess with boa till my score was 700 range and my card was open for a year. Lots of people have sucess at the 6 month mark with a good score and use on the card though.

My TU Fico score was 706 at time of request. I guess I will have ti try it again after my 6th statement cut

Re: BoA ... "Too many Credit line increase requests"

Anonymous — Mon, 11 Jan 2016 23:15:19 GMT

It seems that Amex and Discover have the easiest CLI.

Re: BoA ... "Too many Credit line increase requests"

FinStar — Mon, 11 Jan 2016 23:20:05 GMT

@Anonymous wrote:
It seems that Amex and Discover have the easiest CLI.

Easiest is subjective. Just read up on some Discover or AmEx threads for individuals whose experiences/outcomes are the contrary. Just depends on the individual's overall profile.

Re: BoA ... "Too many Credit line increase requests"

Anonymous — Mon, 11 Jan 2016 23:27:43 GMT

@FinStar wrote:
@Anonymous wrote:
@FinStar wrote:
To be blunt, it looks desperate given the account is fairly new IMO. Why not wait and space them out? All it takes is one analyst to look into things a bit deeper and that could delay getting them. I wouldn't think AA is imminent but the majority of the time, they tend to document things in their notes + they can see how may CLI requests you've submitted vs those that have been automatically assigned.
Thank you. I was not desperate in getting the CLI but I just got influenced after reading here some success stories of getting approved even less than 30 days . So, when is it safe to ask again CLI? 6 months from opening or just wait for auto luv?
No worries, I didn't say you were desperate but rather see it from their perspective. Success stories does not always = the same for everyone. That tends to be the downfall in a variety of cases for individuals whose profiles do not support cerain things, like in your case.

But, what's done is done and you can definitely try again at the 6 month mark (minimum) and see if it provides a fruitful outcome. Auto-CLIs are far and in between with BOA, much like Chase's auto-CLIs. On occasion, they do offer pre-approved (CLI) solicitations (online, snail mail or email) but typically for folks with decent or excellent profiles. So, you never know.

Out of curiousity, what was the reason they declined your 1st CLI attempt?

Thank you FinStar for your input ... I may try it more that 6 months now since I have tried 3x already. Or hoping for BoA's auto luv . The reason of my initial denial was "account opened less than 90 days".

Re: BoA ... "Too many Credit line increase requests"

FinStar — Mon, 11 Jan 2016 23:34:31 GMT

@Anonymous wrote:
Thank you FinStar for your input ... I may try it more that 6 months now since I have tried 3x already. Or hoping for BoA's auto luv . The reason of my initial denial was "account opened less than 90 days".

Gotcha. I believe 6 months should be good to give it another whirl. In the meantime, do your best to get your profile to an optimal level so you can get a decent CLI. What is the CL on the card?

Re: BoA ... "Too many Credit line increase requests"

Anonymous — Mon, 11 Jan 2016 23:45:55 GMT

@FinStar wrote:
@Anonymous wrote:
Thank you FinStar for your input ... I may try it more that 6 months now since I have tried 3x already. Or hoping for BoA's auto luv . The reason of my initial denial was "account opened less than 90 days".
Gotcha. I believe 6 months should be good to give it another whirl. In the meantime, do your best to get your profile to an optimal level so you can get a decent CLI. What is the CL on the card?

I will try it out on my 6th statement cut ... my CL is $5K.

Re: BoA ... "Too many Credit line increase requests"

FinStar — Mon, 11 Jan 2016 23:56:06 GMT

@Anonymous wrote:
@FinStar wrote:
@Anonymous wrote:
Thank you FinStar for your input ... I may try it more that 6 months now since I have tried 3x already. Or hoping for BoA's auto luv . The reason of my initial denial was "account opened less than 90 days".
Gotcha. I believe 6 months should be good to give it another whirl. In the meantime, do your best to get your profile to an optimal level so you can get a decent CLI. What is the CL on the card?
I will try it out on my 6th statement cut ... my CL is $5K.

Sounds good. Btw, definitely not a bad SL to start out! Don't add any new accounts or HPs, maintain normal usage levels/reporting and avoid high utilization. In 6+ months, you'd be surprised what they can offer.

Re: BoA ... "Too many Credit line increase requests"

iwazl71 — Tue, 12 Jan 2016 00:03:58 GMT

Based on my experience, BoA likes 6 months between the cli requests. I started at 5k about 2 and half years ago and now it's at 60k. Stay patient and use the card and they will reward you.

Re: BoA ... "Too many Credit line increase requests"

ddemari — Tue, 12 Jan 2016 01:56:37 GMT

Wow 60k on a boa card, impressive!

Re: BoA ... "Too many Credit line increase requests"

Anonymous — Tue, 12 Jan 2016 02:43:16 GMT

@FinStar wrote:
@Anonymous wrote:
@FinStar wrote:
@Anonymous wrote:
Thank you FinStar for your input ... I may try it more that 6 months now since I have tried 3x already. Or hoping for BoA's auto luv . The reason of my initial denial was "account opened less than 90 days".
Gotcha. I believe 6 months should be good to give it another whirl. In the meantime, do your best to get your profile to an optimal level so you can get a decent CLI. What is the CL on the card?
I will try it out on my 6th statement cut ... my CL is $5K.
Sounds good. Btw, definitely not a bad SL to start out! Don't add any new accounts or HPs, maintain normal usage levels/reporting and avoid high utilization. In 6+ months, you'd be surprised what they can offer.

Thank you FinStar! 👍😊

Re: BoA ... "Too many Credit line increase requests"

Anonymous — Tue, 12 Jan 2016 02:45:37 GMT

@iwazl71 wrote:
Based on my experience, BoA likes 6 months between the cli requests. I started at 5k about 2 and half years ago and now it's at 60k. Stay patient and use the card and they will reward you.

Wow 60K! I want to be like you when I grow up ... Lol . Patience is definitely a key to BoA's CLIs

Re: BoA ... "Too many Credit line increase requests"

manyquestions — Tue, 12 Jan 2016 11:57:13 GMT

@iwazl71 wrote:
Based on my experience, BoA likes 6 months between the cli requests. I started at 5k about 2 and half years ago and now it's at 60k. Stay patient and use the card and they will reward you.

That's impressive. How much usage as percent of current card limit do you think they need to see in order to give large CLI?

Re: BoA ... "Too many Credit line increase requests"

Anonymous — Tue, 12 Jan 2016 12:01:14 GMT

I would give it 90 days or until you've had the card for 6 months, whichever is longer.

Re: BoA ... "Too many Credit line increase requests"

NRB525 — Tue, 12 Jan 2016 12:42:10 GMT

@Anonymous wrote:
@FinStar wrote:
@Anonymous wrote:
Thank you FinStar for your input ... I may try it more that 6 months now since I have tried 3x already. Or hoping for BoA's auto luv . The reason of my initial denial was "account opened less than 90 days".
Gotcha. I believe 6 months should be good to give it another whirl. In the meantime, do your best to get your profile to an optimal level so you can get a decent CLI. What is the CL on the card?
I will try it out on my 6th statement cut ... my CL is $5K.

$5k is a good starting CL, congratulations for that. It's best to go ahead and use that CL for quite some time before requesting an increase.

What are the limits on the other CC you have?

Re: BoA ... "Too many Credit line increase requests"

Anonymous — Tue, 12 Jan 2016 23:28:02 GMT

@NRB525 wrote:
@Anonymous wrote:
@FinStar wrote:
@Anonymous wrote:
Thank you FinStar for your input ... I may try it more that 6 months now since I have tried 3x already. Or hoping for BoA's auto luv . The reason of my initial denial was "account opened less than 90 days".
Gotcha. I believe 6 months should be good to give it another whirl. In the meantime, do your best to get your profile to an optimal level so you can get a decent CLI. What is the CL on the card?
I will try it out on my 6th statement cut ... my CL is $5K.
$5k is a good starting CL, congratulations for that. It's best to go ahead and use that CL for quite some time before requesting an increase.

What are the limits on the other CC you have?

Thank you. My other CLs : a few $5ks, $7K, $9K and $14K