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“Amount of credit extended is sufficient” CLI counter offer

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Regular Contributor

“Amount of credit extended is sufficient” CLI counter offer

So on my 11 year old Bank of America card I asked for my first non auto increase from 3.5k and shot for the moon with 20k. They gave me $9,500, I’m happy but I’m curious how they figure this. I recently got a new cash rewards card through them for 14k. So my total credit line with BOA is now 23.5k.

 

My question is if they deemed this credit total as “sufficient” what would change their mind in the future for my next increase? Do they just want to up me slow or would they need to see more income? I feel like if I hit the love button next time it pops up they would still say what you have is sufficient? 

 

What does it all mean? 😂

805 Equifax, 815 TransUnion, 792 Experian

$30,000 Savor Capital One
$29,000 Boeing Employees MasterCard
$18,000 Synchrony Care Credit
$17,000 Boeing Employees CU Visa
$15,000 US Bank Cash Plus Visa
$14,000 Bank Of America World Cash Rewards MasterCard
$14,000 Platinum Visa Columbia Bank Auth User
$14,000 Best Buy Citi Card
$13,500 American Express Blue Cash Everyday
$10,000 Propel Wells Fargo Amex
$9,500 Bank of America Visa
$1,000 Maurice’s Capital One

Total personal CL’s $155,500
Message 1 of 6
5 REPLIES 5
Community Leader
Super Contributor

Re: “Amount of credit extended is sufficient” CLI counter offer

From what I've seen with BofA they like to bring you slowly along with regards to granting additional credit. Of course with BofA the factors they use include scores, income, and any deposits with them through their checking/savings and ML/ME holdings for starters. Normally what they do instead of telling you they've extended sufficient income is to reallocate limits to serve your request but keep the total limits the same. For instance let's say you requested a CLI on your Cash Rewards to $20k. They grant it but you notice they reduced the limit on your recent card to $3.5k. So that's something to keep an eye on on whether they're giving you the run around or actually gave you a CLI.

FICO 08 Scores (Mar-19): TU 808, EQ 795, EX 787

Message 2 of 6
Regular Contributor

Re: “Amount of credit extended is sufficient” CLI counter offer

Luckily they just bought moved me to 9.5k but didn’t mess with my other 14k

805 Equifax, 815 TransUnion, 792 Experian

$30,000 Savor Capital One
$29,000 Boeing Employees MasterCard
$18,000 Synchrony Care Credit
$17,000 Boeing Employees CU Visa
$15,000 US Bank Cash Plus Visa
$14,000 Bank Of America World Cash Rewards MasterCard
$14,000 Platinum Visa Columbia Bank Auth User
$14,000 Best Buy Citi Card
$13,500 American Express Blue Cash Everyday
$10,000 Propel Wells Fargo Amex
$9,500 Bank of America Visa
$1,000 Maurice’s Capital One

Total personal CL’s $155,500
Message 3 of 6
Community Leader
Senior Contributor

Re: “Amount of credit extended is sufficient” CLI counter offer

Welcome and Congrats on your $6K CLI, which really is a decent size.

It could be related to their internal algorithm. Maybe $23.5K is the maximum amount you qualify for at this moment in time based on other variables in your credit profile. The good news is thdt you can ask for another CLI in 6 months.
GOALS: Garden til DEC 2020 and 800 Club



Scores
JUN 2019: EX 788, TU 794, EQ 779
APR 2019: EX 787, TU 789, EQ 781
JAN 2019: EX 794, TU 783, EQ 801
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnate $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $15.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 4 of 6
Community Leader
Super Contributor

Re: “Amount of credit extended is sufficient” CLI counter offer

Actually Op could get another increase in 3 should they choose if the request link pops up again. The thing with Boa, you'll keep getting increases if you have sufficient income. Once the income becomes an issue, if you dont have any assets or banking relationship, it will become much more difficult or near impossible to get more.
Charter Member of the Discover " No Cli For You " Club !

Chase Never/24 Squad Leader
Team Pendread Anonymous
#JustSayNo2Comenity
Officially S.O.G.O.T.P
Message 5 of 6
Community Leader
Senior Contributor

Re: “Amount of credit extended is sufficient” CLI counter offer

Thanks @ajc for the correction. I had AmX on my mind 🤣
GOALS: Garden til DEC 2020 and 800 Club



Scores
JUN 2019: EX 788, TU 794, EQ 779
APR 2019: EX 787, TU 789, EQ 781
JAN 2019: EX 794, TU 783, EQ 801
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnate $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $15.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 6 of 6