topic Re: What is a typical CLI for 99/500 BOA card? in Credit Cards

What is a typical CLI for 99/500 BOA card?

curranam — Mon, 20 Jan 2014 21:39:10 GMT

I have a 99/500 card I received it in July 2013. Next month will be 7 months of using he card weekly and making multiple payments a month. How long does it take to release the $99 back to the account and get an increase?

How much is an average increase the initial $500 and how long did it take. Do they give automatic increases after that?

Re: What is a typical CLI for 99/500 BOA card?

Creditaddict — Mon, 20 Jan 2014 23:47:40 GMT

@curranam wrote:
I have a 99/500 card I received it in July 2013. Next month will be 7 months of using he card weekly and making multiple payments a month. How long does it take to release the $99 back to the account and get an increase?

How much is an average increase the initial $500 and how long did it take. Do they give automatic increases after that?

9 months and they usually automatically give $1k CLI.

you can then convert it to a rewards card.

then once that is done I would call backdoor and talk to underwriting directly and you can ask for the sun and the moon in a manual review CLI but have you fixed what's going on with your credit that had you getting secured to begin with? have you built any other credit up?

Re: What is a typical CLI for 99/500 BOA card?

mbla — Tue, 21 Jan 2014 02:01:53 GMT

I'm pretty sure the 99/500 card can be Product Changed to a Cash Rewards card at any time. The fully secured card, as well. No need to wait until they unsecure. Call the B of A Secured Card Credit Analysts to do it. It takes 4 weeks to change to Cash Rewards.

Re: What is a typical CLI for 99/500 BOA card?

Anonymous — Tue, 21 Jan 2014 02:49:16 GMT

My dad's was CLIed to 1.5k

Re: What is a typical CLI for 99/500 BOA card?

curranam — Tue, 21 Jan 2014 11:19:13 GMT

My past credit issues were having no credit history, in the past 7 months I also got a Cap 1 card. My scores now are 711-729-729.

Re: What is a typical CLI for 99/500 BOA card?

efranklin23 — Tue, 21 Jan 2014 13:36:40 GMT

@curranam wrote:
I have a 99/500 card I received it in July 2013. Next month will be 7 months of using he card weekly and making multiple payments a month. How long does it take to release the $99 back to the account and get an increase?

How much is an average increase the initial $500 and how long did it take. Do they give automatic increases after that?

Call the Backdoor Analyst Number for BofA Secured Customers. After having my card for almost 15 months, I was able to unsecure my card (fully secured 300 CL) to 500 and then PC it which led to my current 5k limit.

Re: What is a typical CLI for 99/500 BOA card?

efranklin23 — Tue, 21 Jan 2014 13:37:24 GMT

@curranam wrote:
My past credit issues were having no credit history, in the past 7 months I also got a Cap 1 card. My scores now are 711-729-729.

With your CS, it should be unsecured by now. Mines was 680 at the time of being unsecured.

Re: What is a typical CLI for 99/500 BOA card?

curranam — Wed, 22 Jan 2014 13:46:23 GMT

My CS was only 650 when I orginally applied. Do you think they will give me a CLI up to $1000? or more

Re: What is a typical CLI for 99/500 BOA card?

efranklin23 — Thu, 23 Jan 2014 02:54:04 GMT

@curranam wrote:
My CS was only 650 when I orginally applied. Do you think they will give me a CLI up to $1000? or more

I think you have a great chance but as noted on the site, your miles may vary. Considering you had this card for more than a year, I would call to recon your card to be unsecured with a limit of atleast 2k (or even 5k hoping they'll counter)

Re: What is a typical CLI for 99/500 BOA card?

credit-hunter — Thu, 23 Jan 2014 03:04:25 GMT

Just did it on my BofA card took 4 weeks already earning cash back that is a great option with the card

Re: What is a typical CLI for 99/500 BOA card?

Chadp2351 — Thu, 23 Jan 2014 06:53:13 GMT

Mine hit the 1 year mark and didn't graduate on 1/11/2014. I hit the luv button and was denied. I asked to go from $500 to $3,000 and wasn't approved. Called in today and asked why. He said it's always a manual review to unsecure and since they just pulled my credit that he would go over it. He asked if I still wanted the $3,000 limit because if I only asked for $3,000 that he could only approve it for that amount or counter for less. So I asked for $5,000 and after a couple minutes later he came back on the line and graduated my card and gave me the full $5,000 limit.

This card was already a rewards card but I did ask about the $39 annual fee and he said he would check. He wasn't able to clear the fee but he said if I continue to increase my score and have a great payment history he sees no reason why I couldn't get it permantly waived in the future. He said they like to see a fico of 720 before they waive the fee. Mine was currently at 715.

I hope this helps!

Re: What is a typical CLI for 99/500 BOA card?

efranklin23 — Thu, 23 Jan 2014 13:30:19 GMT

@Chadp2351 wrote:
Mine hit the 1 year mark and didn't graduate on 1/11/2014. I hit the luv button and was denied. I asked to go from $500 to $3,000 and wasn't approved. Called in today and asked why. He said it's always a manual review to unsecure and since they just pulled my credit that he would go over it. He asked if I still wanted the $3,000 limit because if I only asked for $3,000 that he could only approve it for that amount or counter for less. So I asked for $5,000 and after a couple minutes later he came back on the line and graduated my card and gave me the full $5,000 limit.

This card was already a rewards card but I did ask about the $39 annual fee and he said he would check. He wasn't able to clear the fee but he said if I continue to increase my score and have a great payment history he sees no reason why I couldn't get it permantly waived in the future. He said they like to see a fico of 720 before they waive the fee. Mine was currently at 715.

I hope this helps!

Same thing happened to me with the AF. Just wait a couple of months or two and call backdoor and see if the fee can get waived.

Re: What is a typical CLI for 99/500 BOA card?

curranam — Sat, 19 Apr 2014 19:07:09 GMT

9 months past I was refunded my $99 deposit and they gave a CLI to $1000.

Re: What is a typical CLI for 99/500 BOA card?

wmweeza — Sat, 19 Apr 2014 21:30:49 GMT

I started out at $300. One year later they bumped it to $500, 4 months after that to $1200, then up to $1700 just slightly under 4 months after that. They seem to like to give me automatic CLI increases every 4 months

Re: What is a typical CLI for 99/500 BOA card?

wmweeza — Sat, 19 Apr 2014 21:35:45 GMT

Taking advice here I was in chat with BofA and asked to get my fee waived and perhaps get a lower APR, he said they don't waive fees and the card had the fee set in stone basically, that I'd need a different card for any changes

Re: What is a typical CLI for 99/500 BOA card?

curranam — Fri, 10 Apr 2015 18:31:40 GMT

I wanted to update this post. After a year of having the 99/500 card they gave back the $99 and increased the CL to $1000. 6 months after that they gave us an auto CLI to $2500 without us asking and there was no HP on our credit. It has been a great card and helped the credit scores go up.

Re: What is a typical CLI for 99/500 BOA card?

newhis — Fri, 10 Apr 2015 19:38:13 GMT

Thank you for the update, that gives better information on how BoA works.

I read other thread asking if BoA do auto-CLI and you got one.

EDIT: do they removed the AF? have you asked them to lower your APR? Just did that a couple of months ago myself and also my DW.

Re: What is a typical CLI for 99/500 BOA card?

Anonymous — Fri, 10 Apr 2015 20:03:19 GMT

I got this card as well, but for me it was automatic cash rewards card and they waived the AF for me. Not sure why they did, but they just did. I do bank with them so I thought that's why. They have been great at reporting and the reason my scores have gone up. I have Chase Freedom so less weekly payments on the BoA card!

Re: What is a typical CLI for 99/500 BOA card?

Seatown1two — Sat, 11 Apr 2015 04:04:20 GMT

I was able to unsecure my 99/500 after one year with a $200 cli and waived annual fee. It is now a travel rewards visa with $10k cl

Re: What is a typical CLI for 99/500 BOA card?

cardslayer — Mon, 13 Apr 2015 07:08:36 GMT

I had one back in 2007... unsecured in about 15 months or so (as I recall) with an auto CLI to $1500, but was still a "Platinum Select" Visa. Took me another year roughly to do a PC to the BofA AMEX (had to try 2-3 online chat reps as they kept saying that my account was ineligible for PC)... Then the sky is the limit once you can do a PC to a "normal" card. Currently have the BofA Better Balance Rewards (MC) with a $30,000 limit.