topic Re: BOA CLI? in Credit Cards

BOA CLI?

Dw4250 — Mon, 30 Jun 2014 01:27:20 GMT

A few questions for those who have been successful in recent times with a BOA CLI. What was your:

a). Avg Usage/month?

b). Time since approval/last CLI (3 mos/6 mos/12 mos/etc.)?

c). UTL on both the BOA card and overall UTL at the time of request?

Thx!

Re: BOA CLI?

Dw4250 — Mon, 30 Jun 2014 01:29:07 GMT

Shameless bump ;-).

Re: BOA CLI?

09Lexie — Mon, 30 Jun 2014 01:40:23 GMT

@Dw4250 wrote:
A few questions for those who have been successful in recent times with a BOA CLI. What was your:

a). Avg Usage/month?
b). Time since approval/last CLI (3 mos/6 mos/12 mos/etc.)?
c). UTL on both the BOA card and overall UTL at the time of request?

Thx!

A. Less than $750

B. Approved Dec 30 req Cli in Mar

C. Cl was $10K - overall util approx 17%. Cli'd to $25k

Important to note I also added the Fid Amex at the same time in Dec. Both approved for $10k

Re: BOA CLI?

B335is — Mon, 30 Jun 2014 02:07:46 GMT

I was recently approved for my 4th BoA card:

1) Cashrewards approved 01/2012 $2.5k. Increased to $5k 1/2013 (requested $15k). Increased to $10k 1/2014 (requested $25k). Moderate usage, $200/mo until I got the $5k limit, then I would carry balances with their constant 0% offers.

2) Alaska Airlines approved 9/2013 $5k. One $300 purchase - ever.

3) Merrill+ approved 4/2014 $15k. $2500 balance, taking advantage of 0%

4) Alaska Airlines (card #2) 6/2014 $5k. $0 balance.

BoA encourages moderate balances, I am paying the Cashrewards and Merrill+ down $500/mo a piece. They seem to like how I'm using the cards I have since they just approved me for another one.

Re: BOA CLI?

Kenny — Mon, 30 Jun 2014 02:21:41 GMT

@B335is wrote:
I was recently approved for my 4th BoA card:

1) Cashrewards approved 01/2012 $2.5k. Increased to $5k 1/2013 (requested $15k). Increased to $10k 1/2014 (requested $25k). Moderate usage, $200/mo until I got the $5k limit, then I would carry balances with their constant 0% offers.
2) Alaska Airlines approved 9/2013 $5k. One $300 purchase - ever.
3) Merrill+ approved 4/2014 $15k. $2500 balance, taking advantage of 0%
4) Alaska Airlines (card #2) 6/2014 $5k. $0 balance.

BoA encourages moderate balances, I am paying the Cashrewards and Merrill+ down $500/mo a piece. They seem to like how I'm using the cards I have since they just approved me for another one.

Hey what's up with the 2 AA cards? for the bonus? Just curious! Nice information regarding the CLI BTW.

Re: BOA CLI?

eagle2013 — Mon, 30 Jun 2014 02:34:23 GMT

November 2013: Approved for Cash Rewards on recon ($1k)

March 2014: Requested CLI to $10k. ( < $500 spend on it). Approved for $3k on recon (unpaid baddie reporting)

March 2014 (two days later): Paid CO reported to TU. Requested another CLi from $3k to $10k. Approved when calling in speaking to an underwriter (asked income, assets, etc.).

May 2014: Apped for Fidelity AMEX - Approved for $5k. FIA reallocated BofA Cash Rewards limit without me knowing. Two days later requested another CLI back to $10k on Cash Rewards and was approved.

Limits - BofA Cash Rewards: $10k

Fidelity AMEX: $5k.

Re: BOA CLI?

B335is — Mon, 30 Jun 2014 02:44:55 GMT

@KennyRS wrote:
@B335is wrote:
I was recently approved for my 4th BoA card:

1) Cashrewards approved 01/2012 $2.5k. Increased to $5k 1/2013 (requested $15k). Increased to $10k 1/2014 (requested $25k). Moderate usage, $200/mo until I got the $5k limit, then I would carry balances with their constant 0% offers.
2) Alaska Airlines approved 9/2013 $5k. One $300 purchase - ever.
3) Merrill+ approved 4/2014 $15k. $2500 balance, taking advantage of 0%
4) Alaska Airlines (card #2) 6/2014 $5k. $0 balance.

BoA encourages moderate balances, I am paying the Cashrewards and Merrill+ down $500/mo a piece. They seem to like how I'm using the cards I have since they just approved me for another one.
Hey what's up with the 2 AA cards? for the bonus? Just curious! Nice information regarding the CLI BTW.

Yes, each one has been good for 30k miles!

Re: BOA CLI?

eddie84 — Mon, 30 Jun 2014 02:52:33 GMT

When I asked for CLI, they'd just move the CL around between all my 3 cards that I have with them. lol And without asking you first if it's ok to do that.

Re: BOA CLI?

Dw4250 — Mon, 30 Jun 2014 05:06:22 GMT

Great information...thanks everyone! It does seem like you can climb the ladder fairly quick with Bank of America.

I've had moderate usage on my BOA Travel Rewards so far (~$500/month; $5000 CL). But it should get a good workout in Europe later this summer. I'm trying to garden until next year, but if I can bump it up to >$10K, it may be worth another HP.

Some of you mentioned they countered your request...is this pretty common? Does that mean I should ask for $15K if I want $10K?

Re: BOA CLI?

B335is — Mon, 30 Jun 2014 06:41:19 GMT

BoA almost always hard pulls for customer initiated CLI and counters if they can. So shoot for the stars.

Re: BOA CLI?

eagle2013 — Mon, 30 Jun 2014 06:52:41 GMT

@Dw4250 wrote:
Great information...thanks everyone! It does seem like you can climb the ladder fairly quick with Bank of America.

I've had moderate usage on my BOA Travel Rewards so far (~$500/month; $5000 CL). But it should get a good workout in Europe later this summer. I'm trying to garden until next year, but if I can bump it up to >$10K, it may be worth another HP.

Some of you mentioned they countered your request...is this pretty common? Does that mean I should ask for $15K if I want $10K?

I'd ask for $20k and see what they'll counter with (if you're eligible for a CLI they will counter!). BofA is so good on CLIs you don't want to limit yourself especially with a HP involved.

Re: BOA CLI?

lg8302ch — Mon, 30 Jun 2014 08:34:15 GMT

@Dw4250 wrote:
Great information...thanks everyone! It does seem like you can climb the ladder fairly quick with Bank of America.

I've had moderate usage on my BOA Travel Rewards so far (~$500/month; $5000 CL). But it should get a good workout in Europe later this summer. I'm trying to garden until next year, but if I can bump it up to >$10K, it may be worth another HP.

Some of you mentioned they countered your request...is this pretty common? Does that mean I should ask for $15K if I want $10K?

Yes they will counter. I tried with the cash rewards from 5K to 10K that was fully approved and the travel rewards I tried from 5K to 15K but the counter was 10,1K...yes that silly 100$ more than the cash rewards..lol... but of course it was quite a deal to add 10K with a single pull for me.

Re: BOA CLI?

Anonymous — Mon, 30 Jun 2014 08:54:54 GMT

Avg usage $3000 / month

Time since approval about 45 days

Starting limit $2000, CLI to $3000 on activation, CLI to $6800 (asked for $6800) about 45 days later

Util might have been under 20% with the card, and under 10% overall

Re: BOA CLI?

Anonymous — Mon, 30 Jun 2014 09:12:06 GMT

It sounds like waiting 2 months before requesting a CLI from BofA is enough?

Re: BOA CLI?

Rain77 — Mon, 30 Jun 2014 13:41:13 GMT

@Dw4250 wrote:
A few questions for those who have been successful in recent times with a BOA CLI. What was your:

a). Avg Usage/month?
b). Time since approval/last CLI (3 mos/6 mos/12 mos/etc.)?
c). UTL on both the BOA card and overall UTL at the time of request?

Thx!

BOA Cash Rewards opened in Nov 2013 - $5K - immediately did a bal transfer of about 3.5K. Run about $300-$500 p/m. Requested CLI to 10K a couple weeks ago, HP on TU approved. UTL on BOA at time of request 74% (on CR) actual balance about 86% UTL, Overall around 25%. I was surprised it was approved, for sure thought it would be countered.

Re: BOA CLI?

eagle2013 — Mon, 30 Jun 2014 13:43:53 GMT

@Anonymous wrote:
It sounds like waiting 2 months before requesting a CLI from BofA is enough?

Theoretically, yes - but in order to maximize your HP it would be best to wait until month 6 to see if you have an auto CLI. Or, if you're like me and not too HP adverse, after the 3rd or 4th statement cuts.

Re: BOA CLI?

Anonymous — Mon, 30 Jun 2014 13:55:26 GMT

@eagle2013 wrote:
@Anonymous wrote:
It sounds like waiting 2 months before requesting a CLI from BofA is enough?
Theoretically, yes - but in order to maximize your HP it would be best to wait until month 6 to see if you have an auto CLI. Or, if you're like me and not too HP adverse, after the 3rd or 4th statement cuts.

I've called them before to update my income figures, but they basically said there's no point in taking it down since they don't do auto CLIs anyway. I'm on a student card, if that counts for anything. I can't decide whether to do it after 2 statements so I'll have 3 months without inquiries before I go on my 1 year application spree, or just wait till I have 3 statements with BofA but have a HP just 2 months before my spree.

Re: BOA CLI?

wmweeza — Mon, 30 Jun 2014 19:40:35 GMT

@Dw4250 wrote:
A few questions for those who have been successful in recent times with a BOA CLI. What was your:

a). Avg Usage/month?
b). Time since approval/last CLI (3 mos/6 mos/12 mos/etc.)?
c). UTL on both the BOA card and overall UTL at the time of request?

Thx!

A.) $50 a month out of $2700

B) I got auto CLI increases every 4 months for the last year

c.) Util about 4-6% on my BofA card, and 2% overall

I requested my first CLI in the last month (to $5400), all the rest have been AUTO, so I can't help too much

Re: BOA CLI?

Dw4250 — Tue, 01 Jul 2014 03:37:29 GMT

@wmweeza wrote:

A.) $50 a month out of $2700
B) I got auto CLI increases every 4 months for the last year
c.) Util about 4-6% on my BofA card, and 2% overall

I requested my first CLI in the last month (to $5400), all the rest have been AUTO, so I can't help too much

Oh wow...I was under the assumption BOA did not give auto CLI's. That's good to know.

Re: BOA CLI?

neoanderson1 — Sat, 05 Jul 2014 15:28:32 GMT

1) I use my BOA 1,2,3 at least 15 times a month ($1 purchases, $15 groceries, gas etc)

2) Acct opened in August. First increase was from 2000 to 6000 in Dec 2013, next was June 2014 to 8500

3)97% util and 93% overall.

Weird, I know. In serious pay down. BOA is a good bank to do business with!