topic Re: Increase in credit limit on existing credit card in General Credit Topics

Increase in credit limit on existing credit card

donkort — Tue, 01 Sep 2009 15:06:35 GMT

Hello everybody,

I just applied for a $5,000 increase in my credit limit for a Bank of America Card which is now at $15,000. Would the bank do a "hard pull" of my credit report--or is it done "internally"--hence, only a "soft pull?"

Thank you in advance for any advice.

Don

Re: Increase in credit limit on existing credit card

Lel — Tue, 01 Sep 2009 15:42:47 GMT

I have a B of A card, and when I click on the link for a credit line increase, I see this message:

"In factoring our decision for a credit line increase on a personal account, your account performance and credit status will be reviewed. This request will not result in an inquiry to your credit report unless you are notified that it is required, and the decision will not have any impact on your credit history."

So, they might or they might not, but they should ask for your permission before doing a hard inquiry.

Re: Increase in credit limit on existing credit card

donkort — Tue, 01 Sep 2009 15:45:51 GMT

Thank you very much.

Re: Increase in credit limit on existing credit card

donkort — Tue, 01 Sep 2009 15:50:27 GMT

Thanks for informing me. I went back to the B of A site--and there was the message you mentioned.

Re: Increase in credit limit on existing credit card

Anonymous — Thu, 03 Sep 2009 10:55:21 GMT

What did you get for a response after you submitted your request?

Re: Increase in credit limit on existing credit card

donkort — Thu, 03 Sep 2009 15:46:40 GMT

I'm supposed to receive an answer in about 5 business days.