topic Re: BOA - Time frames for CLI's in Credit Cards

BOA - Time frames for CLI's

Fresh-Start — Wed, 06 Feb 2013 16:30:16 GMT

I have a BOA with a low $600 credit limit. How are they with CLI's? Do they ever auto increase? I've been banking with them for almost 5 years now, but my credit card is new. I have a good relationship with them, but I don't want to take a hard pull if they usually want you to wait 4- 6 months like some other's for increases.

Re: BOA - Time frames for CLI's

p- — Wed, 06 Feb 2013 17:04:32 GMT

@Fresh-Start wrote:
I have a BOA with a low $600 credit limit. How are they with CLI's? Do they ever auto increase? I've been banking with them for almost 5 years now, but my credit card is new. I have a good relationship with them, but I don't want to take a hard pull if they usually want you to wait 4- 6 months like some other's for increases.

***edit: Sorry, the info below applies to cap1, not BofA. Whoops. ***

What card do you have? At a 600 limit, chances are you have a "credit steps" card, which offers an auto increase after the first six months. If that's what you have, they won't do any other increases.

The good news is they soft pull for any CLI request, so it's not a big deal to call and ask if you want to try.

Your best bet for success though, is to use the card and pay in full every month, never be late, and show good history for 6 to 12 months while you are rebuilding your credit. After that use the Exec route to get a big CLI and product change to a better card. The steps are detailed here if you click the green card in my sig.

Re: BOA - Time frames for CLI's

navigatethis12 — Wed, 06 Feb 2013 16:46:07 GMT

@p- wrote:
What card do you have? At a 600 limit, chances are you have a "credit steps" card, which offers an auto increase after the first six months. If that's what you have, they won't do any other increases.

The good news is they soft pull for any CLI request, so it's not a big deal to call and ask if you want to try.

Your best bet for success though, is to use the card and pay in full every month, never be late, and show good history for 6 to 12 months while you are rebuilding your credit. After that use the Exec route to get a big CLI and product change to a better card. The steps are detailed here if you click the green card in my sig.

You may have misread the post as referring to Capital One; they are talking about Bank of America. Bank of America lets you request a credit limit increase whenever you want. You can do it everyday if you want to.

Re: BOA - Time frames for CLI's

p- — Wed, 06 Feb 2013 16:54:41 GMT

Whoops - could have sworn that said Cap1. I need a vacation.

Re: BOA - Time frames for CLI's

navigatethis12 — Wed, 06 Feb 2013 16:59:36 GMT

@p- wrote:
Whoops - could have sworn that said Cap1. I need a vacation.

LOL. Don't we all

Re: BOA - Time frames for CLI's

wche — Wed, 06 Feb 2013 17:05:04 GMT

From my experience, I've had their platinum plus card since 2008 when I first opened a checking/savings acct with them. I've requested a CLI twice since then and have only increased from 1500 to 2300 to 2500. The first request from 1500 to 2300 was a HP. A couple months later it was an auto from 2300 to 2500.

edit: I've always used the luv button on their website to request my CLI. On the page, they say they may pull your report so YMMV

Re: BOA - Time frames for CLI's

Fresh-Start — Wed, 06 Feb 2013 18:21:01 GMT

@p- wrote:
@Fresh-Start wrote:
I have a BOA with a low $600 credit limit. How are they with CLI's? Do they ever auto increase? I've been banking with them for almost 5 years now, but my credit card is new. I have a good relationship with them, but I don't want to take a hard pull if they usually want you to wait 4- 6 months like some other's for increases.
***edit: Sorry, the info below applies to cap1, not BofA. Whoops. ***

What card do you have? At a 600 limit, chances are you have a "credit steps" card, which offers an auto increase after the first six months. If that's what you have, they won't do any other increases.

The good news is they soft pull for any CLI request, so it's not a big deal to call and ask if you want to try.

Your best bet for success though, is to use the card and pay in full every month, never be late, and show good history for 6 to 12 months while you are rebuilding your credit. After that use the Exec route to get a big CLI and product change to a better card. The steps are detailed here if you click the green card in my sig.

Hahaha!!! LOL! That's okay! It's probably because alot of us have had Captial One Execuitive Office - CLI's on our brains lately! LOL!!!!!

Re: BOA - Time frames for CLI's

Fresh-Start — Wed, 06 Feb 2013 18:22:38 GMT

@navigatethis12 wrote:
@p- wrote:
What card do you have? At a 600 limit, chances are you have a "credit steps" card, which offers an auto increase after the first six months. If that's what you have, they won't do any other increases.

The good news is they soft pull for any CLI request, so it's not a big deal to call and ask if you want to try.

Your best bet for success though, is to use the card and pay in full every month, never be late, and show good history for 6 to 12 months while you are rebuilding your credit. After that use the Exec route to get a big CLI and product change to a better card. The steps are detailed here if you click the green card in my sig.
You may have misread the post as referring to Capital One; they are talking about Bank of America. Bank of America lets you request a credit limit increase whenever you want. You can do it everyday if you want to.

Oh okay, that's good to know. I just didn't want to be to hasty. Some creditor's like you to have a bit of history with a card before they'll increase. So I wanted to be sure BOA didn't have that sort of thing in place and I waste a HP.

Re: BOA - Time frames for CLI's

Fresh-Start — Wed, 06 Feb 2013 19:08:55 GMT

@wche wrote:
From my experience, I've had their platinum plus card since 2008 when I first opened a checking/savings acct with them. I've requested a CLI twice since then and have only increased from 1500 to 2300 to 2500. The first request from 1500 to 2300 was a HP. A couple months later it was an auto from 2300 to 2500.

edit: I've always used the luv button on their website to request my CLI. On the page, they say they may pull your report so YMMV

Thanks for sharing your experience. Although I've had a good banking relationship with them for about 5 years now, for some reason, it took SEVERAL attempts before they would approve this credit card. I almost gave up. So it seems they are finiky with me with the credit card, so I may wait it out and give it 6 months before trying for an increase.

Re: BOA - Time frames for CLI's

wche — Wed, 06 Feb 2013 19:38:06 GMT

Definitely agree with you, BoA is pretty stubborn with CLI. Hence, I only use this card for the occasionnal Add It Up rewards.

Re: BOA - Time frames for CLI's

Imua — Wed, 06 Feb 2013 19:55:57 GMT

in my experience with BofA ( gold visa), i was given auto CLIs during the first 3 years. initial starting CL was ~4k (don't remember the exact figure); by the 3 year mark my CL was just over $8k. i didin't charge alot on the BofA card after the first 6 months (after i got my chase freedom and used that card for the rewards). i did however, keep my recurring monthly bills on the BofA card (gym, cell phone, internet, etc), so my monthly charges on BofA totalled ~$175-200; yet they still gave me auto CLIs.

last Sept i was approved for their Americard cash rewards visa siggy ($10k), and my gold visa was auto increased to $9.4k.

Re: BOA - Time frames for CLI's

tennisfan78 — Wed, 06 Feb 2013 20:10:09 GMT

Too bad BOA doesnt do softpull CLIs by clicking on the Luv button any more

Re: BOA - Time frames for CLI's

fedxboy — Wed, 06 Feb 2013 22:10:19 GMT

I opened my B of A cash rewards 8/12 and over the past weekend asked for increase from 900 to 3000 via the link and got it, but YES, it was a HP on Transunion and I live in Ohio.

I was ready for them to HP Experian as I had 6 inqs with the last one back in Aug from BofA to open the account. I cringed when they HP'd Transunion as I had 11 inqs, but I got it

Re: BOA - Time frames for CLI's

jsickz32 — Wed, 06 Feb 2013 22:40:26 GMT

ive only received one 1 auto cli and it was of 500. but ive asked for cli every 6 months and have never been denied. HPs tho