"We carefully reviewed your request along with the 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 because:
There have been too many recent credit requests on this account
...
Your credit score, a FICO score, used by us in taking the above action is 800..."
Background, a bofa checking receives my direct deposit weekly and has been my primary account since 1994.
I have a 30 month old bofa MC that I have primarily used for BTs. Last year I received an auto increase to 6k, then in 12/2018 I initiated a CLI when it showed up online. Asked for 18k, instant approval to 12k. At that time util was in the upper 90s, so with the increase it instantly brought me down to ~48% and I have paid off an additional 600 since then. Last week on the 77th day the option showed up again, so I requested 20k and received the 7-10 day message (disco had just approved for me from 13k to 18k). The letter showed up today with the above language.
Given the language, did I request an increase too soon as I received one in December? Should I have waited for 91 days/3 statements? Did I ask for too much? Or does it mean that I have too many recent inquiries on my TU? Worth a recon call?
| fico 8 | all +/- 799, no lates/derogs |
| inqs | TU: 3 (12/2018 for all), EQ: 1 (08/2017), EX: 1 (12/2018) |
| util | 11% total (7 @ 0%, 1 @ 45%) |
| aaoa | 71 mo (oldest 135 mo/youngest 1 mo) |
@SlideOrInsert wrote:"We carefully reviewed your request along with the 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 because:
There have been too many recent credit requests on this account
...
Your credit score, a FICO score, used by us in taking the above action is 800..."
Background, a bofa checking receives my direct deposit weekly and has been my primary account since 1994.
I have a 30 month old bofa MC that I have primarily used for BTs. Last year I received an auto increase to 6k, then in 12/2018 I initiated a CLI when it showed up online. Asked for 18k, instant approval to 12k. At that time util was in the upper 90s, so with the increase it instantly brought me down to ~48% and I have paid off an additional 600 since then. Last week on the 77th day the option showed up again, so I requested 20k and received the 7-10 day message (disco had just approved for me from 13k to 18k). The letter showed up today with the above language.
Given the language, did I request an increase too soon as I received one in December? Should I have waited for 91 days/3 statements? Did I ask for too much? Or does it mean that I have too many recent inquiries on my TU? Worth a recon call?
fico 8 all +/- 799, no lates/derogs inqs TU: 3 (12/2018 for all), EQ: 1 (08/2017), EX: 1 (12/2018) util 11% total (7 @ 0%, 1 @ 45%) aaoa 71 mo (oldest 135 mo/youngest 1 mo)
I got the same letter today.. On Saturday I saw "the button" pop up. So I unlocked all 3 bureaus about 30 min before I hit "the button" and bang - 7-10 day message..... The button wasn't there last Thursday and it's there now even after todays letter arrived.
My last CLI was maybe late November, $6k to $12k cli
My Cash Rewards Card was new in August 2018. I show 3 INQ on each of the bureaus for 2018. My TU is my lowest and BoA stated that it was a Fico of 771. No baddies. Listed on Page 2 of the letter, the usual "Proportion of loan balances to loan amounts is too high" (bought a house 10/17).
Good Luck!
Looks like standard denial language. I've seen those very same reasons from BofA. Give it 180 days from your last CLI. You'll most likely get the next one without issue.
waited until day 91. I asked for twenty again, instant approval to $20000. this is now my highest CL, hopefully until I hit 91/3 with nfcu in April.
last time I was approved for a CLI the option disappeared. the option is still there so maybe I should have asked for more? went from 12500 to 20000, my highest limit at the moment, but this card really has no benefits for me until I PC to cash rewards.
