topic Re: BankAmericard New CLI Question in Credit Cards

BankAmericard New CLI Question

Anonymous — Sun, 17 Jun 2018 04:14:53 GMT

I recently saw that BofaA has stopped doing hard pulls on CLIs. I have the BankAmericard that started out as secured card with $300. It graduated on time and I took a HP to request a CLI for $2500. They countered with 1100 and I accepted. That was a few months ago. Ever since graduating I have never seen the LUV button even once the implementation of the new no hard pull CLI. So I have a few questions.

1. Are previouly secured cards exempt from increase?

2. If I product change to a different card will that change the "card bracket/bucket" Im in?

3. What cards ARE available to get CLIs at BofA?

4. If you call in and request a CLI is it still not a HP?

If I cant do anything with this card I may consider closing it because it is essentially useless. I was a builder card and my current oldest card(might have to sock it)

Thanks for any insight!

Re: BankAmericard New CLI Question

Anonymous — Sun, 17 Jun 2018 05:40:20 GMT

I only have insight on your first question - My card started as a secured card $500 deposit/$500 CL. I opened it 4/2014. Received the deposit back 8/2016 CL went to $2500, 8/17 CL to $5500. Both of the increases were auto, I did ask for an increase last month. Asked for $10K and was instantly approved. I personally don't think the card is bucketed.

When did you open the account? What were you scores when you requested the $2500?

Re: BankAmericard New CLI Question

Anonymous — Sun, 17 Jun 2018 06:02:38 GMT

@Anonymous wrote:
I only have insight on your first question - My card started as a secured card $500 deposit/$500 CL. I opened it 4/2014. Received the deposit back 8/2016 CL went to $2500, 8/17 CL to $5500. Both of the increases were auto, I did ask for an increase last month. Asked for $10K and was instantly approved. I personally don't think the card is bucketed.

When did you open the account? What were you scores when you requested the $2500?

I opened the account 5/2017. My scores were TU: 700 EX: 680 EQ: 672

Re: BankAmericard New CLI Question

AverageJoesCredit — Sun, 17 Jun 2018 12:08:51 GMT

You can call in a request a cli. It shouldn't be a hp as no one has reported a hp yet since the implementation of this new policy. Your scores are good, if your income is good I believe you'll have a good shot. I dont believe you get bucketed per se with Boa and if the card is a credit card and is from Bank of America they qualify for cli when qualified. Good luck

Re: BankAmericard New CLI Question

K-in-Boston — Sun, 17 Jun 2018 13:55:23 GMT

@Anonymous wrote:
I recently saw that BofaA has stopped doing hard pulls on CLIs. I have the BankAmericard that started out as secured card with $300. It graduated on time and I took a HP to request a CLI for $2500. They countered with 1100 and I accepted. That was a few months ago. Ever since graduating I have never seen the LUV button even once the implementation of the new no hard pull CLI. So I have a few questions.

1. Are previouly secured cards exempt from increase?
2. If I product change to a different card will that change the "card bracket/bucket" Im in?
3. What cards ARE available to get CLIs at BofA?
4. If you call in and request a CLI is it still not a HP?

If I cant do anything with this card I may consider closing it because it is essentially useless. I was a builder card and my current oldest card(might have to sock it)

Thanks for any insight!

The button usually comes back about 3 months after your last CLI.

1.) No.

2.) No; as far as I am aware, BoA doesn't bucket cards/accounts over time.

3.) All of them.

4.) There have been no reports of HPs for CLIs since the new policy began.

Re: BankAmericard New CLI Question

JR_TX — Sun, 17 Jun 2018 14:50:30 GMT

@Anonymous wrote:
I recently saw that BofaA has stopped doing hard pulls on CLIs. I have the BankAmericard that started out as secured card with $300. It graduated on time and I took a HP to request a CLI for $2500. They countered with 1100 and I accepted. That was a few months ago. Ever since graduating I have never seen the LUV button even once the implementation of the new no hard pull CLI. So I have a few questions.

1. Are previouly secured cards exempt from increase?
2. If I product change to a different card will that change the "card bracket/bucket" Im in?
3. What cards ARE available to get CLIs at BofA?
4. If you call in and request a CLI is it still not a HP?

If I cant do anything with this card I may consider closing it because it is essentially useless. I was a builder card and my current oldest card(might have to sock it)

Thanks for any insight!

I was in the same situation as you are back in 2015. Had a 99/500 card opened June that year. Although it got completely unsecured in 6 months, it never saw a CLI in a year so I decided to app for a new Cash Rewards then closed and combined the limits on the 2 cards. That CR card now has an $11.5K limit.

You obviously has 2 choices;

One, to wait it out and hope for a CLI on your current card, or two, app for a new one then close/combine CL on another card.

I didn’t care much for HP and New Acct (AAoA) back then that’s why I took the latter option.

YMMV and the decision is obviously yours to make.

Best of Luck and please keep us posted.

Re: BankAmericard New CLI Question

Anonymous — Sun, 17 Jun 2018 15:15:01 GMT

@Anonymous wrote:
I only have insight on your first question - My card started as a secured card $500 deposit/$500 CL. I opened it 4/2014. Received the deposit back 8/2016 CL went to $2500, 8/17 CL to $5500. Both of the increases were auto, I did ask for an increase last month. Asked for $10K and was instantly approved. I personally don't think the card is bucketed.

When did you open the account? What were you scores when you requested the $2500?

Is this your primary card? Can you give a few data points? Just curious on how you were able to get a 10k increase.

Re: BankAmericard New CLI Question

Anonymous — Sun, 17 Jun 2018 15:17:31 GMT

@AverageJoesCredit wrote:
You can call in a request a cli. It shouldn't be a hp as no one has reported a hp yet since the implementation of this new policy. Your scores are good, if your income is good I believe you'll have a good shot. I dont believe you get bucketed per se with Boa and if the card is a credit card and is from Bank of America they qualify for cli when qualified. Good luck

Ok thanks... wasnt 100% sure if you could call in. Most of the post on here were saying they had the button show up and thats how they requested thier CLI.

Re: BankAmericard New CLI Question

Anonymous — Sun, 17 Jun 2018 15:20:51 GMT

wrote:

I was in the same situation as you are back in 2015. Had a 99/500 card opened June that year. Although it got completely unsecured in 6 months, it never saw a CLI in a year so I decided to app for a new Cash Rewards then closed and combined the limits on the 2 cards. That CR card now has an $11.5K limit.
You obviously has 2 choices;
One, to wait it out and hope for a CLI on your current card, or two, app for a new one then close/combine CL on another card.
I didn’t care much for HP and New Acct (AAoA) back then that’s why I took the latter option.
YMMV and the decision is obviously yours to make.
Best of Luck and please keep us posted.

Nice! Have you tried for a CLI since the new policy with any luck?

Re: BankAmericard New CLI Question

AverageJoesCredit — Sun, 17 Jun 2018 16:14:57 GMT

@Anonymous wrote:
@AverageJoesCredit wrote:
You can call in a request a cli. It shouldn't be a hp as no one has reported a hp yet since the implementation of this new policy. Your scores are good, if your income is good I believe you'll have a good shot. I dont believe you get bucketed per se with Boa and if the card is a credit card and is from Bank of America they qualify for cli when qualified. Good luck
Ok thanks... wasnt 100% sure if you could call in. Most of the post on here were saying they had the button show up and thats how they requested thier CLI.

Just an example I have that button still showing and I can push it til I'm blue Boa wont give me any more. I always say if you are eligble for one theyll give it barring you meet their requirements. With over a year since your last increase I'd think you can at least ask.

Re: BankAmericard New CLI Question

JR_TX — Mon, 18 Jun 2018 00:43:01 GMT

@Anonymous wrote:
wrote:

I was in the same situation as you are back in 2015. Had a 99/500 card opened June that year. Although it got completely unsecured in 6 months, it never saw a CLI in a year so I decided to app for a new Cash Rewards then closed and combined the limits on the 2 cards. That CR card now has an $11.5K limit.
You obviously has 2 choices;
One, to wait it out and hope for a CLI on your current card, or two, app for a new one then close/combine CL on another card.
I didn’t care much for HP and New Acct (AAoA) back then that’s why I took the latter option.
YMMV and the decision is obviously yours to make.
Best of Luck and please keep us posted.

Nice! Have you tried for a CLI since the new policy with any luck?

Yeah I have last month (May 21) and was given a $5K CLI from $6.5K to $11.5K. It was a SP. My last CLI was Feb 04 of this year with $4K from $2.5K to $6.5K via a TU HP.

Re: BankAmericard New CLI Question

Anonymous — Mon, 18 Jun 2018 19:14:49 GMT

@Anonymous wrote:
@Anonymous wrote:
I only have insight on your first question - My card started as a secured card $500 deposit/$500 CL. I opened it 4/2014. Received the deposit back 8/2016 CL went to $2500, 8/17 CL to $5500. Both of the increases were auto, I did ask for an increase last month. Asked for $10K and was instantly approved. I personally don't think the card is bucketed.

When did you open the account? What were you scores when you requested the $2500?
Is this your primary card? Can you give a few data points? Just curious on how you were able to get a 10k increase.

When I opened the account I had a banking relationship with BofA for about 3 years. My scores were between 560-570. (terrible I know). I used the card a lot, until the beginning of this year. I always pay in full, usually a couple times a month. I would generally put about $1000-$1500 per month on the card. Currently, my TU score is 743.