topic Re: Bank of America Combine to one card of $99,900 in Credit Cards

Bank of America Combine to one card of $99,900

barca — Sun, 13 Dec 2020 17:22:13 GMT

I have read on this forum guys getting $99,900 on single BOA card.

I can't stress enough how helpful this forum has been for me. Especially, after the 2009/2010 recession

I have two cards initially

bankamerica (limit = $44, 900)

cash rewards(limit = $55, 000)

I asked to them to close bankamericard and put the limit on cash reward (to make total of $99, 900)

first customer service told me it would be hard pull - I ended the call

second customer service told me it would be soft pull - I was scared maybe hard pull - I ended the call

after a week, I was lucky to speak to a more experience woman - she said no credit pull at all - just reallocation.

she ran the request... BAM BAM.

cash reward credit line = $99, 900

bankamerica = closed

In case you have multiple BOA cards - you can reallocate limits with no credit pull.

Re: Bank of America Combine to one card of $99,900

AllZero — Sun, 13 Dec 2020 17:24:57 GMT

Thank you for sharing the data points. Congratulations on your $99,900 card.

Re: Bank of America Combine to one card of $99,900

cashorcharge — Sun, 13 Dec 2020 19:00:58 GMT

Very good to know. Thanks for sharing!

Re: Bank of America Combine to one card of $99,900

Trikoret — Sun, 13 Dec 2020 19:16:15 GMT

If your bank America card was old, I would have done a product change to another cash card. It's nice to have two cash cards if you Max out category each quarter

Re: Bank of America Combine to one card of $99,900

Aim_High — Sun, 13 Dec 2020 22:38:49 GMT

@barca wrote:
I have read on this forum guys getting $99,900 on single BOA card.
I can't stress enough how helpful this forum has been for me. Especially, after the 2009/2010 recession

I have two cards initially
bankamerica (limit = $44, 900)
cash rewards(limit = $55, 000)

I asked to them to close bankamericard and put the limit on cash reward (to make total of $99, 900)

first customer service told me it would be hard pull - I ended the call
second customer service told me it would be soft pull - I was scared maybe hard pull - I ended the call

after a week, I was lucky to speak to a more experience woman - she said no credit pull at all - just reallocation.
she ran the request... BAM BAM.
cash reward credit line = $99, 900
bankamerica = closed

In case you have multiple BOA cards - you can reallocate limits with no credit pull.

Congrats on that monster credit limit and thanks for the data points, @barca!

Well done!

Re: Bank of America Combine to one card of $99,900

Mr_Mojo_Risin — Sun, 13 Dec 2020 19:35:33 GMT

@barca wrote:
I have read on this forum guys getting $99,900 on single BOA card.
I can't stress enough how helpful this forum has been for me. Especially, after the 2009/2010 recession

I have two cards initially
bankamerica (limit = $44, 900)
cash rewards(limit = $55, 000)

I asked to them to close bankamericard and put the limit on cash reward (to make total of $99, 900)

first customer service told me it would be hard pull - I ended the call
second customer service told me it would be soft pull - I was scared maybe hard pull - I ended the call

after a week, I was lucky to speak to a more experience woman - she said no credit pull at all - just reallocation.
she ran the request... BAM BAM.
cash reward credit line = $99, 900
bankamerica = closed

In case you have multiple BOA cards - you can reallocate limits with no credit pull.

Congrats are in order! That is a beast of a CC!!

Re: Bank of America Combine to one card of $99,900

barca — Sun, 13 Dec 2020 22:20:54 GMT

Thanks everyone.

@Trikoret The bankamericard was 2 years old. I actually PC to travel rewards card briefly.

A week after I got the travel rewards card, I decided to combine.

I actually closed about 3 cards this year. I now have 3 left.

it is just easier for me to manage with few cards

You are right, my cash rewards card has $2,500 limit per quarter for 3% rewards. After then, I think it is just 1% reward

Re: Bank of America Combine to one card of $99,900

Anonymous — Sun, 13 Dec 2020 22:29:13 GMT

Nice job, OP!

What is the threshold income wise for exceeding $99,900 in total credit limits with BoA? I've seen quite a few members reference that dollar amount as their cap, but have also seen others post total limits north of $100k, presumably due to their greater income. I'm just curious if we know where that income line is drawn?

Second, has anyone been able to grow a single BoA card to $99,900 without combining the limit of two cards?

Finally, is a single $99,900 card the target of any greater AA (CLD) chance compared to if that limit was kept split between two cards?

Re: Bank of America Combine to one card of $99,900

barca — Sun, 13 Dec 2020 23:14:49 GMT

@Anonymous I

will call when my next credit limit is due and talk to a CS to see if I can get 120K.

I believe if I had 1 card, they would have still given me the $99, 900 limit.

When I had the two cards and requested CLI - the excuse was in the line "total combined limit given is enough"

bank of america has been very generous to me for the past 4 years or so

In July 2017, I got a 65K auto loan with $0 down for 2.7% APR

The Irony is that in 2009/2010 I burnt them a lot.

2 credit card charge offs
one auto loan - that was settled for less
2 private student loans that was forgiven

I am really grateful to them for taking me back and not holding grudges.

FICO 8: EXP(832), EQ(837), TU(821)

INCOME: 200k

Re: Bank of America Combine to one card of $99,900

ibmrad7 — Mon, 14 Dec 2020 00:06:34 GMT

@Anonymous wrote:
Nice job, OP!

What is the threshold income wise for exceeding $99,900 in total credit limits with BoA? I've seen quite a few members reference that dollar amount as their cap, but have also seen others post total limits north of $100k, presumably due to their greater income. I'm just curious if we know where that income line is drawn?

Second, has anyone been able to grow a single BoA card to $99,900 without combining the limit of two cards?

Finally, is a single $99,900 card the target of any greater AA (CLD) chance compared to if that limit was kept split between two cards?

I have the BofA Travel Rewards card with the same $99,900 limit. I got this with a single card.

Re: Bank of America Combine to one card of $99,900

gdale6 — Mon, 14 Dec 2020 00:54:14 GMT

It is my understanding BoA limits total exposure to 1/2 of reported income.

Re: Bank of America Combine to one card of $99,900

Anonymous — Mon, 14 Dec 2020 00:58:15 GMT

@ibmrad7 wrote:
I have the BofA Travel Rewards card with the same $99,900 limit. I got this with a single card.

Cool, good to know. Any chance you could share your income stated with them and what the SL on the card was / how the growth process went to your current limit? Thank you for your time.

Re: Bank of America Combine to one card of $99,900

Achilles17 — Mon, 14 Dec 2020 02:30:37 GMT

@barca after you got back with BOA what was your initial cl !!!

Re: Bank of America Combine to one card of $99,900

Aim_High — Mon, 14 Dec 2020 02:44:54 GMT

@Anonymous wrote:
Nice job, OP!

What is the threshold income wise for exceeding $99,900 in total credit limits with BoA? I've seen quite a few members reference that dollar amount as their cap, but have also seen others post total limits north of $100k, presumably due to their greater income. I'm just curious if we know where that income line is drawn?

Second, has anyone been able to grow a single BoA card to $99,900 without combining the limit of two cards?

Finally, is a single $99,900 card the target of any greater AA (CLD) chance compared to if that limit was kept split between two cards?

Not only have we had members go to $99.9K without combining limits; we've had some go over, including one recently @Anonymous.

See this posting from @simplynoir showing a CLI on Premium Rewards to $120K. In this case, it wasn't really income-related as much as spend. I don't think Bank of America throws those higher limits out based on income alone. I believe it takes either higher levels of spend or high levels of assets invested with Merrill Lynch to break that $99.9K ceiling.

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/BofA-Premium-Rewards-CLI-120k-CL/m-p/6190678#M714567

Re: Bank of America Combine to one card of $99,900

Anonymous — Mon, 14 Dec 2020 03:38:22 GMT

Yes I do recall reading that thread, as I responded in it as well. I do recall his spend being significant and saying in there that a 6 figure spend definitely warrants a 6 figure limit. I do think it would be quite difficult to achieve a 6 figure spend on a card without significant income though, generally speaking.

Re: Bank of America Combine to one card of $99,900

barca — Mon, 14 Dec 2020 04:38:08 GMT

@Achilles17 wrote:
@barca after you got back with BOA what was your initial cl !!!

SL cash rewards was 11k - I never requested a CLI for about one and half year

after about a year

Then app for Bankamericard (SL 12K) - needed some balance transfer

I normally request CLI for both cards at same time

Cash rewards 11k - 20K - 32k - 55k

Bankamericard : 12k - 21k - 36k - 44.9k

i have had the cash rewards for about three and half years , Bankamericard 2 years

combined the cards in October.

Hopefully I will see the LUV button soon and will call for 150K - just for the kicks . I won't do it online.

Re: Bank of America Combine to one card of $99,900

Achilles17 — Mon, 14 Dec 2020 04:41:35 GMT

Thanks for dp 😎 pretty impressive !!! enjoy 😉

Re: Bank of America Combine to one card of $99,900

Anonymous — Mon, 14 Dec 2020 04:41:59 GMT

Does BoA have a hard rule with total exposure relative to income? Just looking at the OPs data, it could appear that 50% might play a role.

Re: Bank of America Combine to one card of $99,900

K-in-Boston — Mon, 14 Dec 2020 04:45:40 GMT

I'm an AU on a card that is at $99,900 without being combined with others. My Travel Rewards card that is at $90,000 (after asking for a CLI where they took some from my Premium Rewards card) was a combination but likely I would have ended up there anyway. As for income-to-limit ratio, no idea. $99,900 is less than 50%. Usually getting over that mark requires significant BOA/Merrill deposit balances or an insane amount of spending.

Re: Bank of America Combine to one card of $99,900

simplynoir — Mon, 14 Dec 2020 11:59:28 GMT

@Aim_High wrote:
@Anonymous wrote:
Nice job, OP!

What is the threshold income wise for exceeding $99,900 in total credit limits with BoA? I've seen quite a few members reference that dollar amount as their cap, but have also seen others post total limits north of $100k, presumably due to their greater income. I'm just curious if we know where that income line is drawn?

Second, has anyone been able to grow a single BoA card to $99,900 without combining the limit of two cards?

Finally, is a single $99,900 card the target of any greater AA (CLD) chance compared to if that limit was kept split between two cards?
Not only have we had members go to $99.9K without combining limits; we've had some go over, including one recently @Anonymous.

See this posting from @simplynoir showing a CLI on Premium Rewards to $120K. In this case, it wasn't really income-related as much as spend. I don't think Bank of America throws those higher limits out based on income alone. I believe it takes either higher levels of spend or high levels of assets invested with Merrill Lynch to break that $99.9K ceiling.

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/BofA-Premium-Rewards-CLI-120k-CL/m-p/6190678#M714567

FWIW my income is not the issue. If it was solely income they needed they would have given me higher limits awhile ago. While I have assets invested that is just enough with some wiggle room to qualify for their Platinum Honors tier, I think the spend is what pushed me over that $100k threshold. Add the fact that there was no counter offer on CLI request means I probably left some on the table but how much I don't know. I'll see what we can get with DW's PR card soon. It's been our personal spend card sitting at $36k for awhile since she hasn't asked for a CLI in some time