I recently applied for a CLI but I was denied because I did not own the card for more than 10 months and did not have enough deposits/investments with its affiliates. I guess BofA new policy is to reserve higher limita to people with large bank accounts or investments. My current limit is only $3K, so it's not that I currently have a high limit with them.
Has anyone else have a similar experience?
Starting Score: Equifax 499 (1/22/2020); TransUnion 525 (1/22/2020); Experian 523 (1/24/2020)
No CLI button for me on the app yet. 😢
@Jeffster1 wrote:
No CLI button for me on the app yet. 😢
Me too! Had the card almost 18 months and no button. I don't need a CLI but always like to see what I can do
@Bizambish wrote:
@Jeffster1 wrote:
No CLI button for me on the app yet. 😢
Me too! Had the card almost 18 months and no button. I don't need a CLI but always like to see what I can do
You can call in and tell the CSR that you want to request a CLI. The "request a credit limit increase" hyperlink is not the equivalent of a preapproval i.e. you can have the link and get denied, and there have been a number of data points proving that you can get a CLI even if you don't have a link showing in your account.
Remember that BoA CLIs nowadays only trigger a soft pull, usually from Transunion.
Wife has a BOA card, she requested a CLI but had the card for only 10 months and was denied, waited until she had the card 12 months increase went from 9K to $12k but she had to have the card at least 12 months
I'm guessing BOA wants a full year before bumping up the credit limit on cards?
@Jeffster1 wrote:
No CLI button for me on the app yet. 😢
Have you tried looking on the website. I see the option for a CLI on the website, but nothing on the bofa app in my case