topic Re: BOA cli, normally hard or soft ? in Credit Cards

BOA cli, normally hard or soft ?

avggoal700 — Wed, 09 Apr 2014 13:31:00 GMT

Hello ,

this question is for a friend, they already have a boa cc and boa just asked them do they want a cli. I know there is no guarantee and the easiest way is to just ask them but this friiend waited to answer them until they asked me is it normally a hard or soft. So best guesses? Thx.

edit: understand if you request boa cli it's normally HP.

Re: BOA cli, normally hard or soft ?

emptypockets — Wed, 09 Apr 2014 13:39:06 GMT

It is usually a HP on TU.

Re: BOA cli, normally hard or soft ?

yudeology101 — Wed, 09 Apr 2014 14:05:54 GMT

@emptypockets wrote:
It is usually a HP on TU.

+1.

Re: BOA cli, normally hard or soft ?

PrettyGyrl — Wed, 09 Apr 2014 14:38:51 GMT

Hard Pull TU. I just had that happen to me yesterday.

Re: BOA cli, normally hard or soft ?

avggoal700 — Wed, 09 Apr 2014 14:42:18 GMT

Thanks for the responses, I just advised them against it based on your answers .

Re: BOA cli, normally hard or soft ?

newhis — Wed, 09 Apr 2014 18:42:32 GMT

Do they do a HP in a full secured card that want to increase the CLI by adding money to the card pulled from the BofA checking account?

My wife asked to increase her limit from $500 to $1000. They asked for address, income, employer and if they will get the money from the checking account. She doesn't know if they did a HP or not. No score, no credit history, ssn new from early this year.

Re: BOA cli, normally hard or soft ?

Anonymous — Wed, 09 Apr 2014 18:50:52 GMT

it's probably a HP to add funds to a secured card (personal experience)

Re: BOA cli, normally hard or soft ?

newhis — Wed, 09 Apr 2014 19:27:13 GMT

Thank you YahComb.

$500 was too low, so we needed to add more. We were planning on adding more money to the secured card but if they always do a HP we better wait 6 months to have a score and apply for other cards, and let the card graduate.

Re: BOA cli, normally hard or soft ?

B335is — Wed, 09 Apr 2014 20:56:23 GMT

@avggoal700 wrote:
Hello ,
this question is for a friend, they already have a boa cc and boa just asked them do they want a cli. I know there is no guarantee and the easiest way is to just ask them but this friiend waited to answer them until they asked me is it normally a hard or soft. So best guesses? Thx.

edit: understand if you request boa cli it's normally HP.

BoA is typically HP (as understood), but I would still call and ask if it's eligible for SP increase. Chances are slim, but it has happened before.

Re: BOA cli, normally hard or soft ?

revvystoke — Thu, 10 Apr 2014 08:01:38 GMT

How much weight do they give to balances carried on their card when they are considering CLI's.

Re: BOA cli, normally hard or soft ?

Bunnylocks — Thu, 10 Apr 2014 08:48:40 GMT

@newhis wrote:
Do they do a HP in a full secured card that want to increase the CLI by adding money to the card pulled from the BofA checking account?

My wife asked to increase her limit from $500 to $1000. They asked for address, income, employer and if they will get the money from the checking account. She doesn't know if they did a HP or not. No score, no credit history, ssn new from early this year.

No. When I had their secured card I added 2k online to increase my initial deposit, and there was no hard pull.

Re: BOA cli, normally hard or soft ?

Bunnylocks — Thu, 10 Apr 2014 08:56:32 GMT

@revvystoke wrote:
How much weight do they give to balances carried on their card when they are considering CLI's.

Can't say for sure, but I was just at 40% utilization when I received my most recent increase. I belive they focus more on your payment history, and not so much your current balance. If you're hitting your limit every month, and PIF, then you can always say you'd like some wiggle room, so you can continue to to make your purchases.

Re: BOA cli, normally hard or soft ?

newhis — Thu, 10 Apr 2014 13:13:43 GMT

@Bunnylocks wrote:
@newhis wrote:
Do they do a HP in a full secured card that want to increase the CLI by adding money to the card pulled from the BofA checking account?

My wife asked to increase her limit from $500 to $1000. They asked for address, income, employer and if they will get the money from the checking account. She doesn't know if they did a HP or not. No score, no credit history, ssn new from early this year.

No. When I had their secured card I added 2k online to increase my initial deposit, and there was no hard pull.

Well we went to a branch and ask about increasing from $500 to $1000 by putting more money into the secured card, they dialed the phone and at a couple of times they put wy DW on the phone, she gave some answers and there was no talk about a HP. English is not our first language and she said that the person on the phone speak too fast. She just opened a CK account and the report say she has 4 HP, one from BofA the day she asked for a CLI.

She didn't have the option to increase the limit online with BofA. We'll keep the card alone for some time.