topic Re: Bank of America Automatic Credit Line Increase in Credit Cards

Bank of America Automatic Credit Line Increase

TrueGeminiNC — Sun, 19 Jan 2014 19:58:27 GMT

Has anyone ever received an automatic credit line increase from Bank of America? I currently have a BOA Platinum Cash Rewards card with a $4K credit limit. I am interested in the Signature Cash Rewards card which requires a min. $5K credit line.

From most of the online posts, it appears as if BOA requires a hard pull for customer initiated credit line increases. Does anyone have any insight as to BOA's automatic credit limt increase process?

I am trying to stay away from hard pulls as I will be applying for a mortgage in the next 3 - 6 months.

Re: Bank of America Automatic Credit Line Increase

negg — Sun, 19 Jan 2014 20:10:30 GMT

21 months no luv. BofA require HP for any CLI. According to them, it's a federal law they must HP for all CLI. This card will never see daylight.

Re: Bank of America Automatic Credit Line Increase

DaveSignal — Sun, 19 Jan 2014 20:16:30 GMT

My current BoA card was increased following request and HP. I wouldn't count on them doing anything automatically. You should wait until after your mortgage is approved.

Re: Bank of America Automatic Credit Line Increase

TrueGeminiNC — Sun, 19 Jan 2014 20:19:52 GMT

Thanks for the quick responses.

Re: Bank of America Automatic Credit Line Increase

Anonymous — Sun, 19 Jan 2014 20:21:34 GMT

My dw has gotten a auto cli from 5k to 7k

Re: Bank of America Automatic Credit Line Increase

Anonymous — Sun, 19 Jan 2014 20:21:51 GMT

My BOA card gave me a auto cli from 800 to 1.4k. I then requested a CLI to 5k which they approved but that cost me a HP.

Re: Bank of America Automatic Credit Line Increase

TrueGeminiNC — Sun, 19 Jan 2014 20:29:22 GMT

@Anonymous wrote:
My BOA card gave me a auto cli from 800 to 1.4k. I then requested a CLI to 5k which they approved but that cost me a HP.

Do you have other BOA relationships i.e. checking, savings, investment? I bank primarily with Citi. However, I do have a checking, savings and Merrill Edge account with BOA. The combined balances for these accounts is less than 1.5K.

I was wondering if shifting more of my banking to BOA would help my chances of an automatic CLI.

Re: Bank of America Automatic Credit Line Increase

OhioCPA — Sun, 19 Jan 2014 20:49:14 GMT

I received an auto increase from $6K to $10K about 4 months ago on my BoA Travel Rewards card. My increase was to the day of the one year anniversary of my last increase. It was also after heavy use on the card during the previous month.

Re: Bank of America Automatic Credit Line Increase

lg8302ch — Sun, 19 Jan 2014 20:55:22 GMT

BofA gave me auto-clis 1500 - 2500 -3500 -5000 and then it got stuck with auto luv for many years (approx 10 years) so I invested my first HP to 10K two months ago. it is not impossible but I would assume at a certain level it is only with HP.

Re: Bank of America Automatic Credit Line Increase

Fico2Go — Sun, 19 Jan 2014 22:07:53 GMT

If BOA is this difficult for auto CLI why not app for a new product and transfer the CL to your best product?

Whether it's BoA or any issuer my thinking is if it's going to cost a HP might as well do a new app and transfer the CL.

Re: Bank of America Automatic Credit Line Increase

eagle2013 — Sun, 19 Jan 2014 23:04:18 GMT

@Fico2Go wrote:
If BOA is this difficult for auto CLI why not app for a new product and transfer the CL to your best product?

Whether it's BoA or any issuer my thinking is if it's going to cost a HP might as well do a new app and transfer the CL.

AAOA

Re: Bank of America Automatic Credit Line Increase

TrueGeminiNC — Sun, 19 Jan 2014 23:24:40 GMT

@eagle2013 wrote:
@Fico2Go wrote:
If BOA is this difficult for auto CLI why not app for a new product and transfer the CL to your best product?

Whether it's BoA or any issuer my thinking is if it's going to cost a HP might as well do a new app and transfer the CL.

AAOA

+1. and too, i don't want the HP.

Re: Bank of America Automatic Credit Line Increase

Anonymous — Mon, 20 Jan 2014 01:13:57 GMT

They also generally pull EX for new applications, and TU for CLI. I would certainly take a HP on TU before I toook one on EX.

Re: Bank of America Automatic Credit Line Increase

Kenny — Mon, 20 Jan 2014 01:20:10 GMT

Not to mention that with BoA they HP for any re-allocation of CL!! LOL

HP is the way to go with BoA -- and aim for the stars! lol

Re: Bank of America Automatic Credit Line Increase

barbaralee — Mon, 20 Jan 2014 02:31:35 GMT

They gave my husband an auto increase of 1k right before Xmas along with some 0% promotional thingy. My husband has never used the card himself. He added his father on as an authorized user and it is the card that his dad uses for emergencies. Last year the card was only used 4x, all for less than $35. So I was a bit surprised that they gave him an increase.

Re: Bank of America Automatic Credit Line Increase

ibmrad7 — Mon, 20 Jan 2014 04:14:50 GMT

I am one of the lucky ones to get a SP cli. I went 2k to 8k with a SP, I called again the next morning and requested one for 15k and got it with a hard pull.

Re: Bank of America Automatic Credit Line Increase

Revelate — Mon, 20 Jan 2014 07:36:21 GMT

@ibmrad7 wrote:
I am one of the lucky ones to get a SP cli. I went 2k to 8k with a SP, I called again the next morning and requested one for 15k and got it with a hard pull.

Should have bought a lottery ticket instead .

I never had much in the way of a good credit score so YMMV; however, even with ~70k in BOFA accounts at one point I didn't see an auto CLI. Then again I haven't gotten one from Chase either with a supiciously similar amount in the accounts there on my Freedom: quite probably my pig isn't pretty enough regardless.

Re: Bank of America Automatic Credit Line Increase

CS800 — Mon, 20 Jan 2014 12:55:44 GMT

BOA is moody. I have gotten CLI's before with SP only. Only once did I requst a CLI and it was a HP

Re: Bank of America Automatic Credit Line Increase

ibmrad7 — Mon, 20 Jan 2014 14:41:14 GMT

@Revelate wrote:
@ibmrad7 wrote:
I am one of the lucky ones to get a SP cli. I went 2k to 8k with a SP, I called again the next morning and requested one for 15k and got it with a hard pull.
Should have bought a lottery ticket instead .

I never had much in the way of a good credit score so YMMV; however, even with ~70k in BOFA accounts at one point I didn't see an auto CLI. Then again I haven't gotten one from Chase either with a supiciously similar amount in the accounts there on my Freedom: quite probably my pig isn't pretty enough regardless.

You are right

should have gone for powerball lol

Re: Bank of America Automatic Credit Line Increase

Anonymous — Fri, 06 Jun 2014 13:33:42 GMT

I have been a card holder with BOA (Platinum Plus) for 7 years, stuck at the initial approval limit of $1k. After many years of attempting the luv button only to get auto denied, I called the back door number yesterday and disputed my denial backed with my loyalty and commitment to BOA and my 100% ontime payment history with them. The rep approved my credit limit increase to $3k.

I checked my experian score/report directly from Experian this morning and saw it had resulted in a HP on experian and they were already reporting my CLI. However, my score jumped to 699, that's up from 550-ish across the board this past February! I can now confirm my Equifax FICO (MyFico reporting) is 689 and my Experian FICO is 699!