CLI DENIAL BOFA

[coldfusion]

While it doesn't explain the 6 years worth of denials BoA's adoption of the 2/3/4 and more recently the 3/12+7/12 rules does show they've trended toward a more overt sensitivity to new accounts.

[Mike1014805]

So I mentioned this about 2 weeks, so I apologize in advanced for the redundency. I was trying to find a way to delete or edit the post location on this site. But I can't figure out how to, or if it's possible. Anyway, I decided to post in the General Credit Card Forum area on here. I was curious about a few things, and will include as much information as possible.

So I opened my Bank of America Custom Cash Rewards Card back in 2013 right after I graduated from college. I got approved for $1,000 and then 6ish months later I got an increase to $2,000. Not a bad increase for someone who had no credit history prior. Well, I've been STUCK at this limit now for 9 years. Fast forward to 2021/2022 and in the last 10 months or so I went an app spree and got approved for 8 new credit cards. Along with decent credit increases as well.

Here is a list of all of my credit cards, their ages and limits

1. DELL FINANCIAL SERVICES | 10 yrs | $1500

2. KOHLS DEPARTMENT STORE | 9 yrs | $3000 (started out w/$300)

3. BANK OF AMERICA | 9 yrs | $2000

4. DISCOVER CASH BACK | 3 yrs, 10 mos | $3000 (started w/$200 deposit then graduated to $3000)

5. CAPITAL ONE VENTURE | 10 mos | $7500 (started w/$5,00 then got 2 increases in 4 months)

6. AMAZON VISA | 10 mos | $3300

7. TARGET CREDIT | 8 mos | $1200

8. BARCLAYS JETBLUE+ | 8 mos | $5,000 (started with $2,000)

9. AMERICAN EXPRESS | 6 mos | $15,000 (started w/$5,000)

10. CHASE FREEDOM UNLIMITED | 5 mos | $2,000 (started w/$1,300 got increase at 2 months)

11. DISCOVER BANK | 5 mos | $1,000

12. COSTCO VISA | 5 mos | $5600 (started w/$4,100 got increase at 2 months)

Here's my issue/why I mentioned my entire credit history (and specifically want you to focus on the last 10 months or so). I have applied for a CLI request from BofA for the last 9 years, and I'm always getting denied. And it's always the SAME reason, "Your credit report shows one or more delinquency that is either too current or unknown. Based on the information from your report, we are unable to approve your request." When I've asked what delinquencies they're talking about, they tell they aren't able to say over the phone. And when I ask for a copy, they tell me I can request a copy of my credit report for free from Transunion or https://www.annualcreditreport.com. So I am at a loss now with this bank. It's especially frustrating because other major banks have all approved me for cards (w/decent limits) so I know whatever Bank of America is telling me isn't true.

I've even tried the following things when requesting an increase:

• Wait 6 months and try again

• Carry a balance and pay it off immediately

• Carry a high balance month to month

• Carry no balance at all

• Not use the card for a month or two

• Call Customer Service/Speak w/reconsideration department

• Ask to see if I have an upgrade offer to a new card

• Request a copy/explanation of my credit report for this "delinquency"

• Explained that I've gotten 8 new accounts w/much higher limits

I'm at a point where I just want to close my account. It's one of my oldest accounts, but I don't plan to open any new cards in the near future. I have all the cards I need/want right now. I'm just tired of feeling like Bank of America doesn't trust me.

So here is my "tl/dr" option for you:

After being a loyal member for so long with BofA and stuck at $2,000 for 9 years now. Should I:

• Close my account and let my Credit Age drop?

• Sock draw it permanently and just let it close on its own?

• Use it for a miscellaneous purchase card, like coffee or takeout?

• Keep trying for an increase every 90/180 days?

• Close the card and apply for a new one in 3 months after I do?

• Close all accounts and walk away from Bank of America at this point?

[AndySoCal]

@Mike1014805 

You need to get the credit report from Trans Union. Review the credit report to make sure nothing on the credit report is derogatory. I would leave the Bank of America account alone. I posted the same advice on your other post on the forum.

[Remedios]

Nearly identical threads have been merged.

Please avoid cross-posting, instead any additional pertinent info can be added to the existing thread 

[xenon3030]

It is better to check your credit report and Fico8 scores across three bureaus and do self-assessment (Discover provides monthly Fico8 from TU). Without providing details, I am not sure how the poeple can guide you to solve the issue. Do you carry high balance? What is the DTI ratio? How many new inquiries do you have?