topic Re: BOA Student Platinum CLI Increase (question for a friend) in Credit Cards

BOA Student Platinum CLI Increase (question for a friend)

Anonymous — Wed, 04 Jul 2012 18:55:57 GMT

My friend got a BOA Student Platinum Visa about 4 years ago when he was 18 and was provided with a reasonable $1,000 limit. About 2 years in, he did a CLI and they denied him, even though he had no negatives and always paid on time. He has a paid off $5k LOC from Chase and a paid off auto loan. This is his only credit card. He has perfect payment history, but recently his utilization has been very high (90%) due to emergency reasons. To compare, I got a Citi student about a year after (when I was 18) he got his BOA and now I have a $10k limit on it. Any suggestions on how to get a CLI would be great (hard pull is fine).

Re: BOA Student Platinum CLI Increase (question for a friend)

LS2982 — Thu, 05 Jul 2012 00:28:18 GMT

@Anonymous wrote:
My friend got a BOA Student Platinum Visa about 4 years ago when he was 18 and was provided with a reasonable $1,000 limit. About 2 years in, he did a CLI and they denied him, even though he had no negatives and always paid on time. He has a paid off $5k LOC from Chase and a paid off auto loan. This is his only credit card. He has perfect payment history, but recently his utilization has been very high (90%) due to emergency reasons. To compare, I got a Citi student about a year after (when I was 18) he got his BOA and now I have a $10k limit on it. Any suggestions on how to get a CLI would be great (hard pull is fine).

Util. needs to be lower than 10%. I'd say the high util. got the denial by itself.

Re: BOA Student Platinum CLI Increase (question for a friend)

jsickz32 — Thu, 05 Jul 2012 05:33:11 GMT

i have that same card and got it with that same limit when i was 18 too. i asked for a cli once a year cuz i thought thats how long you had to wait for one. i have maxed out that card couple times but always made sure the balance was 0 when asking for a cli and i was always accepted.

Re: BOA Student Platinum CLI Increase (question for a friend)

Anonymous — Thu, 05 Jul 2012 05:57:45 GMT

@jsickz32 wrote:
i have that same card and got it with that same limit when i was 18 too. i asked for a cli once a year cuz i thought thats how long you had to wait for one. i have maxed out that card couple times but always made sure the balance was 0 when asking for a cli and i was always accepted.

hey, thanks for the reply. what is your limit right now? i'm going to tell him to pay it off then do another request (he hasnt done it in about 2 years).

Re: BOA Student Platinum CLI Increase (question for a friend)

jsickz32 — Thu, 05 Jul 2012 06:18:09 GMT

@Anonymous wrote:
@jsickz32 wrote:
i have that same card and got it with that same limit when i was 18 too. i asked for a cli once a year cuz i thought thats how long you had to wait for one. i have maxed out that card couple times but always made sure the balance was 0 when asking for a cli and i was always accepted.
hey, thanks for the reply. what is your limit right now? i'm going to tell him to pay it off then do another request (he hasnt done it in about 2 years).

my limit was 3k just last week but i used 2k of it to get the bofa amex. the highest limit you can go in that student card is 4k tho. if he hasnt asked for a cli in 2 years tell him to call and ask for the highest cli theyll give him but make sure his balance is zero by the closing date.

Re: BOA Student Platinum CLI Increase (question for a friend)

CreditPacMan — Thu, 05 Jul 2012 06:21:38 GMT

I have this card too. I just go it right before they discontinued it.

Is it crucial to have it at $0 balance when requesting a CLI?

Also are they going to do a HP ?

Re: BOA Student Platinum CLI Increase (question for a friend)

jsickz32 — Thu, 05 Jul 2012 06:30:10 GMT

@altayar wrote:
I have this card too. I just go it right before they discontinued it.
Is it crucial to have it at $0 balance when requesting a CLI?
Also are they going to do a HP ?

might not be crucial but everytime "i" asked i made sure my balance was 0 by the time my statement closed. like i said ive maxed out and used the hell out of that card and had no problems getting cli. and idk if its a hard pull.

Re: BOA Student Platinum CLI Increase (question for a friend)

jsickz32 — Thu, 05 Jul 2012 06:35:02 GMT

btw what interest what yall got? i got 14.99%

Re: BOA Student Platinum CLI Increase (question for a friend)

CreditPacMan — Thu, 05 Jul 2012 06:44:33 GMT

Yeah that's my interest too.

@jsickz32 wrote:
btw what interest what yall got? i got 14.99%

Re: BOA Student Platinum CLI Increase (question for a friend)

jsickz32 — Thu, 05 Jul 2012 07:11:11 GMT

@altayar wrote:
Yeah that's my interest too.
@jsickz32 wrote:
btw what interest what yall got? i got 14.99%

i wonder if thats the regular apr they give with that card. im thinking about changing mine to something else

Re: BOA Student Platinum CLI Increase (question for a friend)

CreditPacMan — Thu, 05 Jul 2012 07:23:05 GMT

I will probably switch to the student rewards card in a few months. I want to CLI my current card first then do a PC.

Re: BOA Student Platinum CLI Increase (question for a friend)

Anonymous — Fri, 17 Aug 2012 15:44:54 GMT

This is an older thread, but I just wanted to post an update. My friend paid off his balance as suggested and requested a CLI from 1,000 to 5,000 and was approved on the spot!