BofA CLI Denial Reason

[Gunnerboy]

My last CLI was 95 days ago. I requested a modest CLI on my Alaska Airlines, from 25k to 30k. Got the 7-10 day message, received the denial letter today stating: 

We carefully reviewed your request along with economic and loss trends and credit report(s) provided by the credit reporting agency(ies) listed below.  We also considered your relationship with us and, unfortunately, we weren't able to approve your request for the following reason(s):

The amount of credit extended to you by us and/or our affiliates meets or exceeds our maximums

Do co-branded BofA cards typically have lower maximum limits than their core-cards?

Or did I just happen to reach my maximum at this time, given my profile? 

"Economic and loss trends" sounds like a bad time to request an increase.

My reports are all locked.

[K-in-Boston]

I would just wait and ask again later.  I got a similar statement every time they counter-offered but still ended up with much more after a while.

[Gunnerboy]

Thanks K!

[Anonymous]

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@Gunnerboy wrote:

My last CLI was 95 days ago. I requested a modest CLI on my Alaska Airlines, from 25k to 30k. Got the 7-10 day message, received the denial letter today stating: 

We carefully reviewed your request along with economic and loss trends and credit report(s) provided by the credit reporting agency(ies) listed below.  We also considered your relationship with us and, unfortunately, we weren't able to approve your request for the following reason(s):

The amount of credit extended to you by us and/or our affiliates meets or exceeds our maximums

Do co-branded BofA cards typically have lower maximum limits than their core-cards?

Or did I just happen to reach my maximum at this time, given my profile? 

"Economic and loss trends" sounds like a bad time to request an increase.

My reports are all locked.

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@Gunnerboy I'm quite sure that BofA requires your TU and EX reports to be unlocked before they would grant a CLI.  My only denial from BofA occurred when I had my reports locked but the letter they sent clearly stated locked reports as the reason and that I should unlocked my reports and call them within 30 days.

BofA adverse action letters are usually difficult to decipher and its entirely possible that they have tightened up a bit, but unlocking the credit reports would be the first thing I'd suggest, then probably waiting 30 days and making another request.  

[Gunnerboy]

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@Anonymous wrote:

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My reports are all locked.

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@Gunnerboy I'm quite sure that BofA requires your TU and EX reports to be unlocked before they would grant a CLI.  My only denial from BofA occurred when I had my reports locked but the letter they sent clearly stated locked reports as the reason and that I should unlocked my reports and call them within 30 days.

BofA adverse action letters are usually difficult to decipher and its entirely possible that they have tightened up a bit, but unlocking the credit reports would be the first thing I'd suggest, then probably waiting 30 days and making another request.  

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Thanks @Anonymous .  The letter does not mention my reports being locked though.  By unlocking my reports, is it a near certainty that BofA will double HP me next time?

[Anonymous]

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@Gunnerboy wrote:

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@Anonymous wrote:

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My reports are all locked.

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@Gunnerboy I'm quite sure that BofA requires your TU and EX reports to be unlocked before they would grant a CLI.  My only denial from BofA occurred when I had my reports locked but the letter they sent clearly stated locked reports as the reason and that I should unlocked my reports and call them within 30 days.

BofA adverse action letters are usually difficult to decipher and its entirely possible that they have tightened up a bit, but unlocking the credit reports would be the first thing I'd suggest, then probably waiting 30 days and making another request.  

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Thanks @Anonymous .  The letter does not mention my reports being locked though.  By unlocking my reports, is it a near certainty that BofA will double HP me next time?

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@Gunnerboy No.  CLIs from BofA have been soft pulls since May, 2018 but they still require your credit reports to be unlocked.  See this thread:  BoA to stop HPs for CLI’s

[Gunnerboy]

Thanks @Anonymous !

[K-in-Boston]

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@Anonymous wrote:

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@Gunnerboy wrote:

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@Anonymous wrote:

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My reports are all locked.

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@Gunnerboy I'm quite sure that BofA requires your TU and EX reports to be unlocked before they would grant a CLI.  My only denial from BofA occurred when I had my reports locked but the letter they sent clearly stated locked reports as the reason and that I should unlocked my reports and call them within 30 days.

BofA adverse action letters are usually difficult to decipher and its entirely possible that they have tightened up a bit, but unlocking the credit reports would be the first thing I'd suggest, then probably waiting 30 days and making another request.  

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Thanks @Anonymous .  The letter does not mention my reports being locked though.  By unlocking my reports, is it a near certainty that BofA will double HP me next time?

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@Gunnerboy No.  CLIs from BofA have been soft pulls since May, 2018 but they still require your credit reports to be unlocked.  See this thread:  BoA to stop HPs for CLI’s

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LATE May 2018.  😂 I just had my last of many TU and EX HPs fall off from BoA a few weeks back. 

[Meanmchine]

BoA has a CL ceiling of 50% of your stated income.  Is your income > $60k ?

[Gunnerboy]

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@Meanmchine wrote:

BoA has a CL ceiling of 50% of your stated income.  Is your income > $60k ?

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Yes. I will unlock reports and try again.