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I just opened my BoA Travel Rewards card about a month and a half ago. And while I should be gardening, the Request Credit Increase "button" is showing up already. Does that indicate that they want me to click it? I am still getting prequalified for the other 2 cards that are available to me. I don't want to open another card, but I'd gladly take a CLI. Does anyone have any input on this?
Thanks!
EDIT: They are by far my largest credit line, but I'm also Platinum Honors Plus (or whatever) with them--significant beneficiary IRA with ML.
I am not sure, it generally only comes up if they think you are eligible. On my BankAmericard I opened it in November with a $12k SL, button came up in February asked for $25k and got $21,600 ($9,600 CLI). Early this month, it came back. Asked for $50k and got $34,600 ($13,000 CLI). More info here. From other data points here, I'd probably suggest waiting 3 months, others will likely suggest 6.
I got a 7-10 message to take it from $3,700 to $7,400.... is that a good or bad thing?
@cmm89 wrote:I got a 7-10 message to take it from $3,700 to $7,400.... is that a good or bad thing?
7-10 is either a denial or a review. They'll have someone look at it and make the decision..unlike an automatic increase.
The message said review. We'll see. Thanks for your help!
Yeah AJC got the same message last year...it worked out for him.
Every time the "request CLI" message has come up on my cards (Red Cash Card & Blue Travel Card) I've got a nice bump. On the Travel card I started at $15k and after 3 months when the message showed up I "requested" $25k which was granted. Can't say as far as the "review" since I never got that message, but I will say BoA gives nice increases if the like you.
Yes, I requested $7,400 as the credit line. They want your TCL for the card in there, right? Not just the increase? Or else I just asked to triple my CL!!
Thanks all for the positive vibes; the message did specifically say "For review" somewhere in there. I'll be sure to keep an eye out on the card. Fortunately, TU FICO 8 is my highest score at 667... I'm hoping that big ML account helps with their decision. I love BoA either way!