topic Re: Bank of America Max credit in Credit Cards

Bank of America Max credit

Anonymous — Thu, 26 Jul 2018 20:37:55 GMT

Hi, anyone know what is Bank of Americ's max credit amount? I know that Chase likes to give out at least 50% of your income across all cards.

Thanks

Re: Bank of America Max credit

coldfusion — Thu, 26 Jul 2018 20:41:44 GMT

@Anonymous wrote:
Hi, anyone know what is Bank of Americ's max credit amount? I know that Chase likes to give out at least 50% of your income across all cards.
Thanks

It's closer to Chase hating to give out more than 50% of one's gross income across all cards.

Several people here have just under $100K CL across all their BoA cards, I currently have $106K.

Re: Bank of America Max credit

Physh1 — Thu, 26 Jul 2018 20:42:21 GMT

There is no definitive absolute on this. I make $85k a year but have $50k across 2 cards from them. Profile, history, & credit diversity are likely going to play a larger roll in determining max credit than income....at least that holds true in my case.

Re: Bank of America Max credit

Grabiela — Thu, 26 Jul 2018 21:37:43 GMT

I think its 100K. I am at 99,900K and i call to ask for more but thet told me i was at my top.

Re: Bank of America Max credit

simplynoir — Thu, 26 Jul 2018 22:43:43 GMT

@Grabiela wrote:
I think its 100K. I am at 99,900K and i call to ask for more but thet told me i was at my top.

It can be more. There are a few forum members on here that have exceeded that. Go to FT and you'll find more.

Re: Bank of America Max credit

JaeJae12 — Thu, 26 Jul 2018 22:17:20 GMT

I had a Merrill lynch card with 300k limit , but they cut me down me to 150k cause I don't spend enough with the card. That was the reason I got when they cut me down.

Re: Bank of America Max credit

Viva-LV — Thu, 26 Jul 2018 23:32:18 GMT

I'm at 61% cl/income, but it will vary individually. I'm topped out at 76k, but there are others that far exceed my credit line. It helps to have some history with BOA, I got to my limits before I opened a checking acct, and an auto loan. I'll see if they bend some more next year!

Re: Bank of America Max credit

K-in-Boston — Thu, 26 Jul 2018 23:57:51 GMT

@Grabiela welcome to the $99,900 club!

Re: Bank of America Max credit

AverageJoesCredit — Fri, 27 Jul 2018 00:55:42 GMT

You guys should try the lower income/ poor bracket. It's fun. You hit your limit so fast you cant even play with other cards. It's like being at a playground where all the big kids are playing in the sandbox and all you get to do is bring a small sand shovel and airbend it

Re: Bank of America Max credit

Anonymous — Fri, 27 Jul 2018 01:01:18 GMT

@AverageJoesCredit wrote:
You guys should try the lower income/ poor bracket. It's fun. You hit your limit so fast you cant even play with other cards. It's like being at a playground where all the big kids are playing in the sandbox and all you get to do is bring a small sand shovel and airbend it

I make 28k a year. I know how you feel.

BTW, what happened to your siggy?

Re: Bank of America Max credit

mdd0214 — Fri, 27 Jul 2018 03:10:00 GMT

I was stuck at 99.9k for a while as well. Any CLI request was denied because current lines were sufficient or something similar. It did not matter when I updated my income and made a final request after they stopped requiring a HP for CLI. Recently closed the card. CSR seemed disappointed for me. Btw, whenever I've called BoA about that card, I got a "preferred" rep line automatically. I don't have any other banking relationship with them, although they've approached me about bringing my business banking or opening a business line with them.