topic Re: BOA Platinum Plus Mastercard (Recovering Account) CLI in Credit Cards

BOA Platinum Plus Mastercard (Recovering Account) CLI

Anonymous — Fri, 19 Jan 2018 20:25:19 GMT

Hey All,

I'm a bit new to this but I had a quick question as to what your credit score needs to be in order to get a CLI. My initial limit was $1800 in July 2016 I have not received an increase since I had the card. My score has dropped since I had it though. My current score is TU630 FICO 8 and currently have high utilization on this card. I pay almost double the minimum payment a month. Also the "Request an increase" button appeared a few days ago. I would really love an increase as it would drop my utilization on that card as I continue to pay it down. Do you all think I can possibly get approved for an increase?

Re: BOA Platinum Plus Mastercard (Recovering Account) CLI

Anonymous — Fri, 19 Jan 2018 20:34:12 GMT

630? Probably not. Most likely BoA won't use your TU score to determine if you qualify for an increase either.

I've seen people here denied for new cards at 740, so at 630 your chances for an increase are small, especially with high utiliazation on the card you're looking to get an increase with.

Re: BOA Platinum Plus Mastercard (Recovering Account) CLI

Anonymous — Fri, 19 Jan 2018 20:36:31 GMT

It's never a good idea to seek CLIs when you have high utilization reporting on any account. It's likely you'll waste a hard pull and still get denied but if you have no other hard inquiries in the last 12 months, it's only 1 HP and doesn't hurt as bad.

Re: BOA Platinum Plus Mastercard (Recovering Account) CLI

FinStar — Fri, 19 Jan 2018 20:37:21 GMT

A CLI is not just dependent on your scores OP. The results will largely depend on your entire profile if you decide to pull the trigger and request a CLI. This will be HP btw.

What does the rest of your profile look like and what is keeping your scores down? Do any of you other tradelines have high utilization? Any negative items?

Re: BOA Platinum Plus Mastercard (Recovering Account) CLI

DeeBee78 — Sun, 21 Jan 2018 19:53:01 GMT

@Anonymous wrote:
It's never a good idea to seek CLIs when you have high utilization reporting on any account. It's likely you'll waste a hard pull and still get denied but if you have no other hard inquiries in the last 12 months, it's only 1 HP and doesn't hurt as bad.

As long as BoA is the only one with high utilization reporting, they don't seem to mind giving CLI's with high utilization. Both myself and K-In-Boston have received very generous CLI's from BoA with high utilization reporting. I just went from $20K to $30K on my Cash Rewards card, while reporting 83% utilization.

Re: BOA Platinum Plus Mastercard (Recovering Account) CLI

AverageJoesCredit — Sun, 21 Jan 2018 20:27:19 GMT

Boa may not mind high uti on their own card but getting those extra cli you gotta have the income to support it. Just a thought