topic Re: B of A CLI in Credit Cards

B of A CLI

Anonymous — Thu, 24 Jun 2010 23:23:25 GMT

Hi everyone,

So I'm not sure if I noticed it before or not, but my Bank of America online account has a request a credit limit increase. Is that something that is always there, or only when you qualify for one? Any help is appreciated. Thanks.

Re: B of A CLI

MarineVietVet — Thu, 24 Jun 2010 23:27:33 GMT

I've had 2 BoA accounts since about 2004 and that feature has been there as long as I can remember. Of course I may not have seen it for several years either.

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
6/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Whats In Your FICO Score

Re: B of A CLI

Anonymous — Fri, 25 Jun 2010 01:00:50 GMT

The button has been there for me ever since I got my first card with BofA in January.

Does anybody know if BofA does auto CLIs? I'm getting close to the 6 month mark...

Re: B of A CLI

MarineVietVet — Fri, 25 Jun 2010 01:27:26 GMT

@Anonymous wrote:
The button has been there for me ever since I got my first card with BofA in January.

Does anybody know if BofA does auto CLIs? I'm getting close to the 6 month mark...

IME they don't but I can't speak for anyone else.

Re: B of A CLI

Anonymous — Fri, 25 Jun 2010 01:38:21 GMT

@MarineVietVet wrote:

IME they don't but I can't speak for anyone else.

From a BK years ago to:
9/09 EX pulled by lender 802
3/10 EQ- 800
6/10 TU -772

You can do the same thing with hard work

Credit Scoring 101
Common Abbreviations
Frequently Requested Threads
Whats In Your FICO Score

Have you requested any CLIs with BofA? Did you use the button online or the phone? Any success?

Sorry for all the questions haha.

Re: B of A CLI

MarineVietVet — Fri, 25 Jun 2010 01:58:38 GMT

@Anonymous wrote:

Have you requested any CLIs with BofA? Did you use the button online or the phone? Any success?

Sorry for all the questions haha.

Nothing wrong with asking questions. The problem is I often don't have any good answers.

I've never asked for a CLI especially in the last few years with all the craziness in the credit world. I don't want to do anything to bring undue attention onto myself from BoA. It's not worth the risk. Several years ago they closed a $26,500 LOC of mine because they said I had "enough credit".

I will continue to stay silent for awhile longer.

Re: B of A CLI

fused — Fri, 25 Jun 2010 02:24:13 GMT

@MarineVietVet wrote:

The problem is I often don't have any good answers.

Ladies and Gentlemen of this forum, DO NOT believe that statement.

Re: B of A CLI

llecs — Fri, 25 Jun 2010 02:42:55 GMT

Both DW and I have BofA CCs. Mine started off as part of their now-defunct (I believe) 99/500 partially secured program back in 2007 and DW has the BofA Amex card since spring of 2008. Mine started at $500 and it was always hinted that with perfect use, you'd get an auto-CLI at the one year mark with the $99 security being refunded. It was refunded, but I never got an increase. I hit that luv button (I always had it on mine, even while secured) and was approved in April of 2009 for $1000 more. DW also requested a CLI at that time but was denied and her CL still sits at $1000, which is the same CL she was approved for.

I don't know if BofA is still on a warpath or not, but many here had their CLs cut or even their cards closed when they requested a CLI. Make the assumption that they'll close the card if asked and only click it if you really don't need that card, IMO anyway.

Re: B of A CLI

Anonymous — Sun, 27 Jun 2010 00:42:49 GMT

@llecs wrote:
I don't know if BofA is still on a warpath or not, but many here had their CLs cut or even their cards closed when they requested a CLI. Make the assumption that they'll close the card if asked and only click it if you really don't need that card, IMO anyway.

I agree with llecs. DH was approved for $4,000 with BofA (July 09). Asked for increase upon activation - CLD'd him to $500.

That was 11 months ago - DH did hit the "Request a CLI button" recently - (we don't care if they close this card).

He received a message to call in - he did and the CSR said they like to see 12-18 months of payment history on any new card before they'll consider a CLI. So, of course, denied. To answer SaraLucy's question - the button is always there for BofA and has nothing to do with a preapproval. You can hit it and be denied. Or CLD'd. Or closed.

I definitely consider BofA a disposable card. (Love Alliant, Kroger 1-2-3, and Cabela's).

Also note that BofA pulls EQ, but will soft you on all three CR's once you have an account open with them. Kind of like the all-seeing eye.

Re: B of A CLI

Anonymous — Sun, 27 Jun 2010 17:54:28 GMT

@Anonymous wrote:
I definitely consider BofA a disposable card.

I would agree with this.

My rewards for my BofA MasterCard are 1 point per dollar spent. The rewards site is pretty terrible. It looks like they just kind of threw it together. There are no bonus categories for gas, restaurants, etc.

And the points don't translate to 1% cash back until you reach a certain level. For 2,500 points you only get $12.50 or 0.5%

Really wouldn't care if they close my account down the line, but I'm grateful I got in with a big bank just before the new credit card laws got passed.

Re: B of A CLI

DI — Sun, 27 Jun 2010 23:02:42 GMT

BOA gives CLI even with low usage. Each time I requested a CLI via the website, I get the message to call. I never called. Each time, two days later, my CLI got aprroved.

Re: B of A CLI

Anonymous — Mon, 28 Jun 2010 04:35:07 GMT

@DI wrote:
BOA gives CLI even with low usage. Each time I requested a CLI via the website, I get the message to call. I never called. Each time, two days later, my CLI got aprroved.

That's great to hear. Even though that didn't happen for us, I'm glad it happens for some folks. How old was your card for each of your requested CLI"s, DI?

Re: B of A CLI

Anonymous — Tue, 06 Jul 2010 19:07:44 GMT

I applied for a B fo A card 6 months ago and was approved for only 2.5K. Hit the luv button last month and got an additional 2.5 cli. It's still my lowest card limit of the bunch that I have. But my piont is, they are doing CLI's.

Re: B of A CLI

Anonymous — Tue, 06 Jul 2010 21:28:40 GMT

Do you know if it was a soft or hard pull?

Re: B of A CLI

Anonymous — Thu, 08 Jul 2010 13:26:23 GMT

It was a soft pull for me since I am an existing customer. My mortgage is with them as well.

Re: B of A CLI

Anonymous — Thu, 08 Jul 2010 13:34:00 GMT

Well, I decided to hit the button. It said to call. I can't from work, so I'll call in a few days if I don't see anything automatically show up in the next few days. Thanks everyone for the input. I'll let you know how it goes.

Re: B of A CLI

Anonymous — Fri, 09 Jul 2010 20:38:31 GMT

Update- So I log into my BofA account today after pressing the CLI button yesterday and getting the call message and woot woot, my new credil limit is $5000, up from $2500. Thanks BofA!

Re: B of A CLI

Anonymous — Fri, 09 Jul 2010 20:49:28 GMT

@Anonymous wrote:

Update- So I log into my BofA account today after pressing the CLI button yesterday and getting the call message and woot woot, my new credil limit is $5000, up from $2500. Thanks BofA!

CONGRATS!!!!

Re: B of A CLI

Anonymous — Sat, 10 Jul 2010 03:09:53 GMT

7300 to 10,000 CLI on BOFA Virgin Atlantic card... Had to go through back door number and lots of probing! BOFA's CC division knows what you have in your deposit accounts with them too!!!!!