topic Re: BOA $99/$500 Card Unsecured, but no CLI in Credit Cards

BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Wed, 18 Mar 2009 15:11:32 GMT

BOA unsecured me, but I was denied a request for a CLI. Instead it is staying at $500. I never paid late for a whole year, and usually PIF. Has this happened to anyone else?

Re: BOA $99/$500 Card Unsecured, but no CLI

llecs — Wed, 18 Mar 2009 15:14:58 GMT

Ditto here. Never late. No problems. Never over the limit. I did request a CLI after I confirmed that the card unsecured and was denied. Don't recall the exact reasons, but it seemed like it was due to new TLs in past year (true) and maybe util.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Wed, 18 Mar 2009 15:15:01 GMT

Mine graduated a year ago, and I'm still at initial $500. I think it's perfectly normal. Just be patient.

Re: BOA $99/$500 Card Unsecured, but no CLI

Red1Blue — Wed, 18 Mar 2009 15:41:07 GMT

BOA might have changed their policy. Normally at the time of unsecure they would give CLI by $500. My card became unsecure around August last year with $500 + and got $500CLI. Now it is at $7100 CL.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Wed, 18 Mar 2009 15:45:32 GMT

I called yesterday and had my 99/500 unsecured and they gave me an instant $500 CLI without asking. I also got a product change.

I'm sorry this happened to you. I would try calling back and asking someone else. Apparently their CSR's are all on different agendas because the first time I called I asked about getting a product change and the CSR I had said that I cannot do a product change and even if I did I would still have the AF. Then I called back and got a different CSR and she said a PC was no problem at all and there would be no AF associated it. Call back!

Re: BOA $99/$500 Card Unsecured, but no CLI

llecs — Wed, 18 Mar 2009 16:44:19 GMT

OP, which 99/500 card do you have? Is it the same Platinum Plus as most everyone else? Maybe it is a product issue.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Wed, 18 Mar 2009 17:31:50 GMT

Did they give a reason for your denial? Did you try speaking to a Senior Credit Analyst via the backdoor number?

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Wed, 18 Mar 2009 18:12:25 GMT

Mine secured yesterday as well. I got an increase 500 w/o asking. The rep did say to use the card and pay pay on time at 5x's and i will qualify for additional increases w/o asking for an additional cli. I have opened a lot of recent applications. In fact, a few months back Hooters closed my account because of the number of new accounts. Go figure. I also did a product change no problem.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Wed, 18 Mar 2009 19:25:40 GMT

I got a secured card in June 2007 with a $1500 limit and in June 2008, it was unsecured with a $2000. I have systemmatically made on-time PIF since and was just declined for a CLI. My EX is 689. The ratings rep did subtlely hint that it would be helpful if I had another major card with a similar credit line.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Wed, 18 Mar 2009 20:36:52 GMT

@Anonymous wrote:
I got a secured card in June 2007 with a $1500 limit and in June 2008, it was unsecured with a $2000. I have systemmatically made on-time PIF since and was just declined for a CLI. My EX is 689. The ratings rep did subtlely hint that it would be helpful if I had another major card with a similar credit line.

Welcome to the forums!

BOA will normally try and be in the same ballpark as your highest CL. It makes them more comfortable giving out higher CLs when they see you have experience with them already.

Of course, that's somewhat of a Catch 22.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Thu, 19 Mar 2009 19:21:33 GMT

Thanks Fretless! I was debating whether to apply for a second secured card and deposit a higher amount. Though interestingly I am an AU for another card with a $14K limit (also always PIF >10% utilization.)

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Thu, 19 Mar 2009 20:25:27 GMT

Hi StartingSlow,

I had a BoA fully secured card that unsecured and remained at the same 2k limit that I had while secured. As a matter of fact, it stayed that way until I got my credit scores into the mid-600s, and was able to do a product change to a new card. Then, things took off. My limit is now 7k.

I would suggest that you keep using the card, PIFing, and get your scores above 600, then request a product change. I think you'll see a world of difference in what BoA is willing to do for you.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Thu, 19 Mar 2009 21:05:22 GMT

That's a great idea, LilMirth. I was actually just on the phone with the folks at BofA to ask if there's anyway I can turn my CC back into a secured card to help build a stronger credit line. I did not think about requesting a product change. My EQ is currently 689 but with this credit environment, I suppose even nominal CLIs are hard to get.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Thu, 19 Mar 2009 21:34:40 GMT

Just as a followup, I called the BofA CS number and just got a product change from Platinum Plus to the Worldpoints Rewards card.

Re: BOA $99/$500 Card Unsecured, but no CLI

PayingTheBills — Fri, 20 Mar 2009 01:45:38 GMT

As I understand it, that's not a PC. They just add the Worldpoints Program to your Platimun Plus card. At least, that's what they did for me.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Fri, 20 Mar 2009 03:31:01 GMT

Hi all,

I had the same problem of no CLI after it unsecured, so I finally spoke to a credit analyst today (after repeated denials from the online requests). He stated that due to high utilization (overall) they couldn't approve a CLI. He stated that BOA likes to see at least 60% available credit for total utilization. Currently I'm at 35% overall availability. Hope this helps. BTW I'm still stuck at the $500 limit - my account was the emerging credit card until January 09 then changed to the World Points Visa.

Re: BOA $99/$500 Card Unsecured, but no CLI

Anonymous — Fri, 20 Mar 2009 16:36:04 GMT

I actually called BofA back after reading some posts on the forum. The CSR told me that the Worldpoints card that I will be receiving is the same one as on the BofA website and I will not be charged an annual fee (like I am with the Platinum Plus card.) The rep also mentioned that I will receive new features, such as rental car insurance.

Here's the link if you want additional card features:

http://www3.bankofamerica.com/creditcards/?context_id=marketing_detail&offer_id=ECOMM0908ANQ00500800122742EN000&requestTimeout=120&router_flag=y