topic Re: Relocating credit in Credit Cards

Relocating credit

Anonymous — Sun, 02 Dec 2018 17:16:06 GMT

Is relocating credit limits between cards with Boa still a hard pull or is it now a soft one?

Re: Relocating credit

JoeLuvsHisCredit — Sun, 02 Dec 2018 17:52:51 GMT

@Anonymous wrote:
Is relocating credit limits between cards with Boa still a hard pull or is it now a soft one?

I always thought it was a Soft pull because I done it about a year ago and it was a soft pull

Re: Relocating credit

Anonymous — Sun, 02 Dec 2018 19:14:18 GMT

Ok thanks, I tried it over a year ago and they wanted a hard pull so I declined.

Re: Relocating credit

Anonymous — Sun, 02 Dec 2018 20:05:48 GMT

Let me know how it goes. I have 2 BoA cards I’m planning on combining also.

Re: Relocating credit

RonM21 — Mon, 03 Dec 2018 03:56:54 GMT

From what I found, it appears that it is more likely a HP, but at times can be a SP.

Re: Relocating credit

K-in-Boston — Mon, 03 Dec 2018 05:35:11 GMT

There aren’t a lot of concrete data points on this since they stopped doing HPs for CLI requests. When I closed my Cash Rewards card a few months back, I was able to move its limit to my Travel Rewards card with no HP. I do know in the past that it often resulted in a HP.

Since CLI requests are a SP, consider just asking for a CLI on the card you want to increase?

Re: Relocating credit

kdm31091 — Mon, 03 Dec 2018 13:16:31 GMT

@K-in-Boston wrote:
There aren’t a lot of concrete data points on this since they stopped doing HPs for CLI requests. When I closed my Cash Rewards card a few months back, I was able to move its limit to my Travel Rewards card with no HP. I do know in the past that it often resulted in a HP.

Since CLI requests are a SP, consider just asking for a CLI on the card you want to increase?

The problem can be exposure. If you're already at your limit with BOA, asking for a CLI isn't going to work, whereas moving limits can. Not sure if OP is at their limit or not, but something to consider.

OP, it seems there's no longer a HP done for BOA reallocations but YMMV. I haven't heard of anyone being HP'd for this in at least a year. Doesn't mean they can't do a HP though.

Re: Relocating credit

K-in-Boston — Mon, 03 Dec 2018 15:53:55 GMT

@kdm31091 If you're at maximum exposure, my experience the past few times has been that they will grant your CLI request by automatically doing the reallocation which is why I mentioned it. After hearing that a few more people were able to break past the $99,900 "ceiling" last week, I decided to ask for a CLI to $85,000 on my Travel Rewards card and they moved around $8,000 or so from my Premium Rewards card to meet me halfway. That's a low HP risk way to do it, but of course calling them will give you more precise control over the dollar amounts.

FWIW, the last two times I spoke with a credit analyst, they still read the standard HP script just like they always have but didn't do a pull.

Re: Relocating credit

Loquat — Mon, 03 Dec 2018 17:04:14 GMT

A couple of months ago I rolled (2) Cash Rewards and (1) Travel Rewards into my Alaska Airlines Visa with BoA and didn't receive an HP. Was able to get it all done within 5 minutes once a rep was on the line. Simple and easy...