topic Re: Bank of America cli request question in Credit Cards

Bank of America cli request question

AverageJoesCredit — Sat, 25 Jun 2016 02:15:57 GMT

Good evening everyone!

Ive had my Bank of America Better Balance Rewards mastercard for a little more than 3 months now. Today ive noticed 2 things concerning my account. For the first time i see the request credit line increase button on my account that i was unable to see before and when viewing my most recent Ex report after disputing some errors, i also noticed BOA soft pulled my Ex on 6th of June.
I know that any cli with them will be a hard pull from what ive gathered from this great forum .

My question is seeing as they soft pulled me and now have given my the option to cli, is this a good sign to try for a cli or is this just standard?
Also, does anyone know which bureau they usually pull for clis?
As i would like to adhere to some more experienced myficoers is it advisable to wait til i lose some inquiries to better my chances etc?

Currently my cl is $1500 and i have 17 inq on my TU ( 689) 13 inq EX (705) and 20 inq on EQ ( 666). These are my Fico 8 scores . Im still learning on my rebuild journey so i have used some inq that really shouldnt have , but as i continue learning here hope to not waste any more HPS just to have a new cc or whatever is fotm. Now i just want to grow what i have now and then in future hp on if it truely is important.
I have my TU and Ex frozen and have been thinking of doing same for my Eq. Thanks everyone for any help and wisdom you may provide. Have a great night

Re: Bank of America cli request question

mattmyFIC0 — Sat, 25 Jun 2016 02:56:21 GMT

All the data that I have seen says that they will almost always pull your TU report for a cli. There are some scattered reports of a SP increase but don't count on it.

Re: Bank of America cli request question

AverageJoesCredit — Sat, 25 Jun 2016 03:03:34 GMT

Thanks for your reply its a good data point to know. I wouldnt necessarily mind 1 more hp on TU but i think i will see if their are more view points so i can weigh the cons vs pros. If its best to wait 6 months im sure my score will improve but hopefully i can read some more opinions before deciding. Thanks again!

Re: Bank of America cli request question

Gmood1 — Sat, 25 Jun 2016 03:13:59 GMT

I've been hitting them every six months. I started at $5k last June. My TU score was similar to yours in Jan when I requested an increase. They moved me to $10.1k . Last month I requested another and moved to $17.5k. Every six months has worked for me.

Re: Bank of America cli request question

AverageJoesCredit — Sat, 25 Jun 2016 12:17:30 GMT

Sounds great. I would like this card to grow seeing as its one of my major bank cards. I was actually surprised when i was approved for this card seeing i already had quite a few inqs. Thanks again Gmood1 for your input

Re: Bank of America cli request question

Anonymous — Sat, 25 Jun 2016 19:28:54 GMT

I have had the "Request Cred Line Increase" blue hyperlink right by my total credit line when I click into account details since I opened the account, is this what you are referring to?

Re: Bank of America cli request question

AverageJoesCredit — Sat, 25 Jun 2016 20:19:34 GMT

Yes thats the one im seeing now marinersguy22.
Ive unlocked my TU but am still on the fence as to try now so i can let the hp age starting now. Only thing besides that decision is if i do should i shoot for moon or request something more atainable

Re: Bank of America cli request question

Bowzer — Sat, 25 Jun 2016 22:05:05 GMT

@AverageJoesCredit wrote:
Yes thats the one im seeing now marinersguy22.
Ive unlocked my TU but am still on the fence as to try now so i can let the hp age starting now. Only thing besides that decision is if i do should i shoot for moon or request something more atainable

If hyperlink is showing you are good to request for a CLI, its always good to let 6 months go by so that it increases your chances for a higher CLI. If you decide to pull the trigger you have a 99% chance that it will be a TU HP. Also consider going for the moon, I would say 10k and see what they counter. If they counter you can log out of your account, wait a few minutes and log back in so that your new CL is showing, then hit the request CLI button one more time and both request will be the same HP. IME... Keep us posted if you mash the button.

Re: Bank of America cli request question

AverageJoesCredit — Sat, 25 Jun 2016 22:33:42 GMT

Thanks Bowzer! Sounds like a plan. Only now i gotta think should i wait 3 more months for that maybe better shot at higher cl if given or go for it now. Which ever i decide ill definitly let everyone know how it went. Thanks again for the extra tip on counter offer strategy.

Re: Bank of America cli request question

AverageJoesCredit — Sat, 25 Jun 2016 23:14:10 GMT

Hey Bowser was thinking of trying right now but i did notice my TU fico actually has dipped from 700 to 689 recently, thanks in part to an old account falling off my report. Do you think it wise to ask for a cli now seeing as they will see the point drop or perhaps just wait the 3 extra months to have 6 months history and hopefully see my score rise again. Thanks and any other thought very welcome!

Re: Bank of America cli request question

JSS3 — Sat, 25 Jun 2016 23:20:34 GMT

Waiting the full six months can never hurt. Gives you more history with them.

Has anyone ever gotten more than 2 increases in a year?

Re: Bank of America cli request question

Bowzer — Sat, 25 Jun 2016 23:32:32 GMT

@AverageJoesCredit wrote:
Hey Bowser was thinking of trying right now but i did notice my TU fico actually has dipped from 700 to 689 recently, thanks in part to an old account falling off my report. Do you think it wise to ask for a cli now seeing as they will see the point drop or perhaps just wait the 3 extra months to have 6 months history and hopefully see my score rise again. Thanks and any other thought very welcome!

Always keep in mind YMMV, but when I got my last two large increases three months apart my TU was right where yours is. BofA is real big on your track record with them. Also, I got three CLI's in a years time, not sure what the max is.

Re: Bank of America cli request question

AverageJoesCredit — Sun, 26 Jun 2016 00:14:11 GMT

Will definitely keep that in mind. Everyones experience can vary for sure. If i go for it now and they dont approve it i will at least know where i stand and for sure know what i may need to do to get a nicer cli . Will keep everyone posted!

Re: Bank of America cli request question

AverageJoesCredit — Sun, 26 Jun 2016 00:55:33 GMT

Hey everyone just tried for my first cli with BOA, seems a no go as it said going to review, could be up to 30 days blah blah etc. Thanks again Bowser for your tip. Im glad it was able to help out CC earlier tonight on his BOA cli. I guess my profile still has alot to work on. I recently tried on my Citi dc too but was denied. These were definitely my last 2 hps i had to give . I got $500 Penfed visa which is my lowest of all cards but thats just gonna have to stay like that for next 2 years as i am officially heading to the garden. 2 years is quite awhile to wait but i want to see big zeros on my credit inquiries next time i apply for something. BEEN FUN!!

Re: Bank of America cli request question

Anonymous — Sun, 26 Jun 2016 01:03:19 GMT

be smart and apply for cli in couple more months..boa like to see more history...rebuilding take time and a good strategy.if you apply know for cli get about 500/1000 if you apply in couple months 2500/5000 cli.

Re: Bank of America cli request question

JSS3 — Sun, 26 Jun 2016 01:07:59 GMT

I've gotten a 7-10 day message then saw an increase when I logged back in. Not all increases are instant.

Re: Bank of America cli request question

Bowzer — Sun, 26 Jun 2016 01:25:47 GMT

@AverageJoesCredit wrote:
Hey everyone just tried for my first cli with BOA, seems a no go as it said going to review, could be up to 30 days blah blah etc. Thanks again Bowser for your tip. Im glad it was able to help out CC earlier tonight on his BOA cli. I guess my profile still has alot to work on. I recently tried on my Citi dc too but was denied. These were definitely my last 2 hps i had to give . I got $500 Penfed visa which is my lowest of all cards but thats just gonna have to stay like that for next 2 years as i am officially heading to the garden. 2 years is quite awhile to wait but i want to see big zeros on my credit inquiries next time i apply for something. BEEN FUN!!

Hate to hear this but JSS3 has a good point, it may still come back with an increase after review. Also, remember you took a HP for this so don't give up just yet and get aggressive just a bit and call for a recon on the cli! Remember you have 30 days with BofA to use the same HP, just be certain to ask them to use the same pull for the recon. I would wait til Monday and if no increase is granted then I would recon. IME, BofA is great to work with.

Re: Bank of America cli request question

Anonymous — Sun, 26 Jun 2016 02:02:10 GMT

I recently requested a CLI on my Cash Rewards card, got the 7-10 day message and logged in a couple days later to see that they approved the full amount of my request. I was at 5,400, went to 10,000. I should have asked for more lol

Re: Bank of America cli request question

RonM21 — Sun, 26 Jun 2016 14:30:06 GMT

Bowzer makes a good point in that you did use a HP, so don't go down easy. You might as well get all you can for it. Use the recon number if need be, before it's all said and done.

Re: Bank of America cli request question

AverageJoesCredit — Sun, 26 Jun 2016 20:43:26 GMT

Hey everyone !! Awesome news!. I woke up this morning and noticed my last payment, which i made Friday , posted so i decided to check on my Boa app and lo and behold they DID give me a nice CLI to the tune of $4200 ! Thats a nice 2700 increase!. I did ask for 10,000 as suggested by Bowser, many thanks my friend!. When i did that for my Citi Dc , figuring if im gonna burn a hp ask for more than i think would give, they didnt even counter, " No soup for you!" .lol

I am very happy with this amount.since it wasnt an instant approval, im not sure if i could have done the trick Bowser recomended about logging out than hitting it again. I still see the button there but have already froze my TU again. I dont want to push it too soon with Boa as it is great to get a cli just 3 months in. Thanks everyone for your thoughts!!