@JohnSnow wrote:
@Curious_George2 wrote:
@K-in-Boston wrote:
Usually they need at least 90 days and sometimes the link comes back a little sooner even if you are not eligible yet.
Nothing to really lose by asking again other than another possible letter. Don't worry about asking for too much. Bank of America always counteroffers when you are eligible for a credit line increase but not the full amount. If no increase or counteroffer is given, you are likely not eligible at the time you asked.
Counterpoint: https://ficoforums.myfico.com/t5/Credit-Card-Applications/BofA-says-I-request-CLI-too-often/td-p/615...
Oh wow that response sounds scary. I did not expect that type of letter to be sent.
It isn't a bad letter. Just a letter stating why they denied you. Usually no AA from BofA in CLI requests that I'm aware. One post said someone asked too often so they added it as a reason for denial. Doesn't hurt you usually. I am a banking, savings, credit card holder with them. I looked at your signature, I advise you to call in to request a product change from that BankAmeriCard MasterCard to something more useful such as the cash rewards or travel rewards. I know I'm ditching my useless platinum MasterCard once it graduates. I have the travel rewards as my everyday spend. But don't get frightened by BofA. Just give it another 91 days and try again. They are a relationship heavy lender and they have been cutting back as far as increases go to many, unless you have exceptionally high limits with them. Even then they are granting them. But not to everyone with average credit. My relationship with them isn't enough to unsecure my card OR give me a CLI on my travel rewards even though I am a Gold Preferred Rewards client l, which is still low income compared to their platinum honors tier. For what it's worth, you have a good relationship and likely won't ruin it by requesting a SP CLI. They are pretty direct and honest with their denials from my experience. But YMMV , especially to non banking customers.
