Bank of America, reallocation and Income/CL ratios

[wasCB14]

I am considering another BofA Cash Rewards card. I already have a fairly high ratio (~40%) of BofA personal credit to my personal income (since some income goes on a separate return).

Is it best that I request a CLD before applying? How far in advance of applying? Or will it likely go pending and I can then just call to reallocate if needed?

[gdale6]

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@wasCB14 wrote:

I am considering another BofA Cash Rewards card. I already have a fairly high ratio (~40%) of BofA personal credit to my personal income (since some income goes on a separate return).

Is it best that I request a CLD before applying? How far in advance of applying? Or will it likely go pending and I can then just call to reallocate if needed?

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BoA will reallocate, they did it for me in 2021. Have not heard of a policy change.

[simplynoir]

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@wasCB14 wrote:

I am considering another BofA Cash Rewards card. I already have a fairly high ratio (~40%) of BofA personal credit to my personal income (since some income goes on a separate return).

Is it best that I request a CLD before applying? How far in advance of applying? Or will it likely go pending and I can then just call to reallocate if needed?

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If you apply and all they need is to just shift credit lines around they will do it for you without input from you. With that you will at least know where you stand as far as how much credit BofA is willing to extend you. For that reason I would go ahead and just apply, that way you can see where you stand with them and adjust lines accordingly if you don't like they reallocated your credit

[wasCB14]

Approved for a high CL without need for reallocation.

[gdale6]

Thread is now closed as OP has been approved. OP is free to start an approval thread if so desired.