topic Re: BoA - Request a CLI - HP or SP? in Credit Cards

BoA - Request a CLI - HP or SP?

expatCanuck — Tue, 30 Jan 2018 00:29:41 GMT

Recently noticed a blue 'Request ... ' link on my BoA MC account -- possibly the result of a TU hop from 778 to 794 . The card currently has a 12K line (and an obnoxious 21% APR).

Anyone know whether the request triggers a hard pull, soft pull, or if it's YMMV?

Back story -- about 6 months ago, I was logging out of BoA when a message displayed essentially asking whether I wanted to apply for an increase for my Visa, and stating that it'd be a soft pull. [Is there a downside here?] Went from 10K to 14K in the blink of an eye (bringing my max total credit with BoA to 26K).

Fast forward a few months ... we've refi'd the mortgage, and obtained a home equity loan, a condition of which required that I close the BoA Visa account. Not an issue -- we want the extension, so I close the card (tho' closing an 18-year-old account, my oldest, did sting).

Dunno if any of that matters -- but I do know that my credit record will not sustain any further hard pulls for a while.

Insight welcome.

Re: BoA - Request a CLI - HP or SP?

simplynoir — Mon, 29 Jan 2018 04:44:59 GMT

As a rule of thumb assume all CLI requests from BofA are HPs. On a rare occasion we get people who report SP CLIs but again it's very rare that it happens; believe you have to have the prompt come up from BofA like your previous experience to get the SP. Having said that if you have the credit profile to back it up the HPs are generally worth it. Just make sure to shoot for the moon with your request and let them match or counter you.

Re: BoA - Request a CLI - HP or SP?

DeeBee78 — Mon, 29 Jan 2018 22:53:37 GMT

BoA invite for CLI or automatic CLI: SP

BoA link to request CLI: HP

These are pretty hard and fast rules, with little to no deviation.

Re: BoA - Request a CLI - HP or SP?

FinStar — Mon, 29 Jan 2018 22:59:26 GMT

OP, as DeeBee78 pointed out, unless you received a targeted offer via email (or online via customized "offers") or an auto CLI, expect a HP.

Re: BoA - Request a CLI - HP or SP?

Anonymous — Tue, 30 Jan 2018 04:58:24 GMT

Definately a HP, normally with TU.

Some do get a special pass on the SP thing but that's very rare.

If you read the language before submitting a CLI it clearly states they will pull a report.

However, I have done it twice and honestly it was very much worth it!

I started with 5000 and then asked for 15k they gave me 10100. Then I asked 20k and got 17200.

Each were 3 months apart. By 6 months I more than tripled my line.

Re: BoA - Request a CLI - HP or SP?

Gmood1 — Tue, 30 Jan 2018 05:06:41 GMT

wrote:
Definately a HP, normally with TU.
Some do get a special pass on the SP thing but that's very rare.
If you read the language before submitting a CLI it clearly states they will pull a report.
However, I have done it twice and honestly it was very much worth it!
I started with 5000 and then asked for 15k they gave me 10100. Then I asked 20k and got 17200.
Each were 3 months apart. By 6 months I more than tripled my line.

Those are the exact limits and increases I received. Your next will most likely be $24 or $25k.

Re: BoA - Request a CLI - HP or SP?

Anonymous — Tue, 30 Jan 2018 05:11:19 GMT

wrote:
wrote:
Definately a HP, normally with TU.
Some do get a special pass on the SP thing but that's very rare.
If you read the language before submitting a CLI it clearly states they will pull a report.
However, I have done it twice and honestly it was very much worth it!
I started with 5000 and then asked for 15k they gave me 10100. Then I asked 20k and got 17200.
Each were 3 months apart. By 6 months I more than tripled my line.
Those are the exact limits and increases I received. Your next will most likely be $24 or $25k.

Thats great news! What did you put down for requesting amount? 30k?

Re: BoA - Request a CLI - HP or SP?

Gmood1 — Tue, 30 Jan 2018 05:24:11 GMT

It's been a while since I got that increase. I believe it was $25k I requested. The increase wasn't exactly $25k. It was similar to the other CLs $24xxx. I'd have to dig up a TU report to find the exact number. I opened another BOA card 13 months ago. And evened out the limits after requesting CLIs on both. BOA likes to give those odd CL for some unknown reason. lol

It was something like $24,200 or similar.

Re: BoA - Request a CLI - HP or SP?

peghede — Tue, 30 Jan 2018 05:43:02 GMT

wrong, wrong.i always get sp from them on new cards and cli.its a secret/trick.

Re: BoA - Request a CLI - HP or SP?

kdm31091 — Tue, 30 Jan 2018 11:56:03 GMT

Definitely a hard pull, although they are typically fairly generous if your profile supports it. Don't hear of many disappointing $500 HP CLIs from BOA, unlike say, Chase or Barclay can tend to do at times.

Re: BoA - Request a CLI - HP or SP?

expatCanuck — Tue, 30 Jan 2018 16:58:09 GMT

Okay - so ... given that it's gonna be a hard pull ... thoughts as to which bureau(s) (in VA)?

Re: BoA - Request a CLI - HP or SP?

K-in-Boston — Tue, 30 Jan 2018 17:01:24 GMT

BoA CLI requests are almost exclusively TU HPs, unless they have pulled an EX report for you within the past 30 days (i.e. for a new card app) or a TU pull in the past 30 days (I am the king of stacked CLI requests every few months LOL).

Re: BoA - Request a CLI - HP or SP?

simplynoir — Tue, 30 Jan 2018 17:05:00 GMT

wrote:
BoA CLI requests are almost exclusively TU HPs, unless they have pulled an EX report for you within the past 30 days (i.e. for a new card app) or a TU pull in the past 30 days (I am the king of stacked CLI requests every few months LOL).

Curious question about that. Do they even allow CLI requests from recent/new approvals?

Re: BoA - Request a CLI - HP or SP?

K-in-Boston — Tue, 30 Jan 2018 17:13:06 GMT

Hmmm, I'm not sure. The earliest I've asked is on my BankAmericard. Opened in late November and the blue link came up in early February - probably 10 weeks. I believe that one was from $12,000 to $21,600 but I had also just received a big jump on my Travel Rewards (I'd have to pull up my buried BoA thread in approvals to get exact numbers and timelines). It is insane to think that in 14 months I went from $8,100 exposure with BoA to $99,900 (+a pending request). Certainly no $500s with BoA.

Edit: I think that was the question you were asking, but if you were asking if they reused HPs from apps for CLI requests within 30 days, oh yeah they do! That was my previous round after they took $21k from my Travel Rewards to open my Premium Rewards!

Re: BoA - Request a CLI - HP or SP?

simplynoir — Tue, 30 Jan 2018 17:13:04 GMT

wrote:
Hmmm, I'm not sure. The earliest I've asked is on my BankAmericard. Opened in late November and the blue link came up in early February - probably 10 weeks. I believe that one was from $12,000 to $21,600 but I had also just received a big jump on my Travel Rewards (I'd have to pull up my buried BoA thread in approvals to get exact numbers and timelines). It is insane to think that in 14 months I went from $8,100 exposure with BoA to $99,900 (+a pending request). Certainly no $500s with BoA.

So it's looking like a 3 month CLI schedule unless the website has the link appear earlier, right?

Re: BoA - Request a CLI - HP or SP?

K-in-Boston — Tue, 30 Jan 2018 17:15:21 GMT

While I have seen the link pop up slightly earlier, it seems to be that the link usually disappears a day or two after receiving a CLI then comes back around 12 weeks later. I (of all people) should have loads of data points to give exact timelines - disappointed in myself. LOL

Re: BoA - Request a CLI - HP or SP?

simplynoir — Tue, 30 Jan 2018 17:23:40 GMT

wrote:
While I have seen the link pop up slightly earlier, it seems to be that the link usually disappears a day or two after receiving a CLI then comes back around 12 weeks later. I (of all people) should have loads of data points to give exact timelines - disappointed in myself. LOL

Considering the info you've provided already I think you can be forgiven.

Re: BoA - Request a CLI - HP or SP?

Anonymous — Tue, 30 Jan 2018 17:29:56 GMT

wrote:
wrote:
BoA CLI requests are almost exclusively TU HPs, unless they have pulled an EX report for you within the past 30 days (i.e. for a new card app) or a TU pull in the past 30 days (I am the king of stacked CLI requests every few months LOL).
Curious question about that. Do they even allow CLI requests from recent/new approvals?

Yes, BoA apps are good for 30 days. They will give you the standard "we need to pull credit disclosure;" however, they end up using the one on file. I applied for a new card and the next day did a CLI with the same pull.

Re: BoA - Request a CLI - HP or SP?

simplynoir — Tue, 30 Jan 2018 17:47:37 GMT

wrote:
wrote:
wrote:
BoA CLI requests are almost exclusively TU HPs, unless they have pulled an EX report for you within the past 30 days (i.e. for a new card app) or a TU pull in the past 30 days (I am the king of stacked CLI requests every few months LOL).
Curious question about that. Do they even allow CLI requests from recent/new approvals?
Yes, BoA apps are good for 30 days. They will give you the standard "we need to pull credit disclosure;" however, they end up using the one on file. I applied for a new card and the next day did a CLI with the same pull.

Just to make sure there's no confusion here for example can a brand new BofA customer who was just approved for a credit card can they request a CLI off the gate? I don't plan on doing that myself but was genuinely curious.

Re: BoA - Request a CLI - HP or SP?

Anonymous — Tue, 30 Jan 2018 17:57:12 GMT

wrote:
wrote:
wrote:
wrote:
BoA CLI requests are almost exclusively TU HPs, unless they have pulled an EX report for you within the past 30 days (i.e. for a new card app) or a TU pull in the past 30 days (I am the king of stacked CLI requests every few months LOL).
Curious question about that. Do they even allow CLI requests from recent/new approvals?
Yes, BoA apps are good for 30 days. They will give you the standard "we need to pull credit disclosure;" however, they end up using the one on file. I applied for a new card and the next day did a CLI with the same pull.
Just to make sure there's no confusion here for example can a brand new BofA customer who was just approved for a credit card can they request a CLI off the gate? I don't plan on doing that myself but was genuinely curious.

I would call a credit analyst to ask for a larger limit; they should be using your same application as long as it's within 30 days. To clarify, my CLI was for another card I have with BoA but they used my app from the new card. I do not see why this would not be the same even for a new card.