topic Re: Those who bank with BOA - are you getting CLD as well? in Credit Cards

Those who bank with BOA - are you getting CLD as well?

Anonymous — Fri, 05 Jun 2009 22:11:56 GMT

I keep reading about all the decreases from BOA. Don't know if I'm just lucky (so far) or if my CLD is coming soon.

I have two CCs from BOA - one with a $20K limit and one with a $18,100 limit. I have multiple checking and savings accounts through them... is it possible that I'm being treated differently because of these accounts???

Re: Those who bank with BOA - are you getting CLD as well?

Anonymous — Fri, 05 Jun 2009 23:29:34 GMT

Doubtful. You're probably just lucky so far. DW and I have three BOA cards with decent CLs and have received one CLD so far.

There have been other reports where BOA has actual mentioned checking account balance as a reason for a CLD.

BOA needs to trim something in the neighborhood of $500 billion in CLs, and they won't get there if they bypass all the CCs of their banking customers ...

Re: Those who bank with BOA - are you getting CLD as well?

nicemann — Sat, 06 Jun 2009 20:12:38 GMT

Well I've got 5 credit cards with BoA

Americard - $15,000 CL - No decrease

Accel Rewards AMEX - $5,000 CL

Regular AMEX - $1,000 CL

Rewards Visa - $3,500 CL

GMAC Mastercard - Was $1,000 they cut it in half two months ago, now $500

Now sure why they did anything with my Mastercard but I'm not going to call and yell over $500. I am just glad they haven't touched my Americard. I use that card for my everyday purchases (PIF every Friday). The other ones just have a monthly charge going to them to keep them active, ie. Netflix, CCT, SW, etc. None of my cards have balances on them.

Hopefully I didn't just jinx myself.

BTW I do have a checking, savings, and CD with BoA.

Message Edited by nicemann on 06-06-2009 01:12 PM

Re: Those who bank with BOA - are you getting CLD as well?

Anonymous — Sat, 06 Jun 2009 22:00:18 GMT

@Anonymous wrote:
There have been other reports where BOA has actual mentioned checking account balance as a reason for a CLD.

That's just crazy.Any excuse works i guess...

Re: Those who bank with BOA - are you getting CLD as well?

Red1Blue — Sun, 07 Jun 2009 01:52:17 GMT

Last week they CLD my BOA MC from $7100 to $1200 and FIA Amex Card from $7100 to $2100.

Re: Those who bank with BOA - are you getting CLD as well?

Imua — Sun, 07 Jun 2009 04:17:36 GMT

i've had my BofA visa for a year now... started with CL of $7400 and it's still the same, no CLD.

no banking accts with BofA

Re: Those who bank with BOA - are you getting CLD as well?

KingAdrock — Sun, 07 Jun 2009 17:15:02 GMT

For some CCCs, the lending department and banking are completely different. (WaMu was that way, for example) But with BofA this is not the case. Everytime I've talked to a CSR I've always been given the impression that banking with them makes a difference. I asked for a CLI at activation for my BofA Amex and the CSR specifically said "I see you've been a good banking customer with us, we appreciate your business.", and then raised my CL 150%.

Banking with them will not give you immunity from CLD, but I do believe it helps.

Re: Those who bank with BOA - are you getting CLD as well?

nicemann — Sun, 07 Jun 2009 18:46:30 GMT

@KingAdrock wrote:
For some CCCs, the lending department and banking are completely different. (WaMu was that way, for example) But with BofA this is not the case. Everytime I've talked to a CSR I've always been given the impression that banking with them makes a difference. I asked for a CLI at activation for my BofA Amex and the CSR specifically said "I see you've been a good banking customer with us, we appreciate your business.", and then raised my CL 150%.

Banking with them will not give you immunity from CLD, but I do believe it helps.

I agree 100%. I started with a partical secured card $300 back in 200. Now I have Over 25K CLs with them. So they decreased one card by $500. Still wouldn't trade them for any other bank out there.

Re: Those who bank with BOA - are you getting CLD as well?

Anonymous — Sun, 07 Jun 2009 18:46:53 GMT

Just call them and ask when you periodic CC review is. That's when you will get CLD.

Re: Those who bank with BOA - are you getting CLD as well?

medicgrrl — Sun, 07 Jun 2009 19:06:41 GMT

My parents bank with BofA, have their first mortgage, HELOC, checking, savings and each have a cc. They have over 50% equity in the house, excellent credit, utilization of less than 1% and PIF monthly. My mom's card was cut from around $23000 to $10,500. They said she didn't need it since she doesn't use much of it. They have no other outstanding debts so their DTI is good also. I think they are just trying to cut back so that their books look better. There really is no rhyme or reason to how they are making these decisions.