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53% CLI with SP on my Bank of America Cash Rewards -- Woo Hoo!!!

tag
Marz2002
Senior Contributor

Re: 53% CLI with SP on my Bank of America Cash Rewards -- Woo Hoo!!!

You...REALLY, REALLY...

awesome congratulations GIF by Slanted StudiosCONGRATS  on your LEGENDARY  BofA CLI and Thanks for the DPs!!!

AMEX BCP $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $15.2K | Citi Rewards WMC $15.5K | Citi Costco VS $12K
Citi Custom Cash WEMC $7.8K | Synchrony (PayPal Credit $6K, Care Credit $15K, & PayPal 2% MC $10K, VENMO VS $6.5K)
PNC Cash Rewards VS $10.5K | NFCU cashRewards VS $14K | NFCU More Rewards AMEX $37.5K | NFCU Flagship Rewards VS $23K
Discover IT $22.5K | BB&T Cash Rewards $4.5K | Macy's AMEX $25K | Bloomingdales AMEX $20K | Apple Card WEMC $9K
PenFed Power Cash Rewards VS $7.5K

Total CL - $284K+
Message 21 of 27
Aim_High
Super Contributor

Re: 53% CLI with SP on my Bank of America Cash Rewards -- Woo Hoo!!!

"... Yikes. What is the DEAL, BofA??? They probably wouldn’t give me even a secured card but they shower you with money and you don’t even use the card??

 

 

 

 

 

 

 

 

If there are lessons here, this is my best guess. 

I think the keys here for the approval of the high line were ....

    (1)   My 19-year history with them, which including checking for at least 12 years.

               As I've said before, relationship and age matters!  Banks like long-term customers.

    (2)   My payment history with them had been flawless.

    (3)   A few years ago, I carried a large balance with them on BT and paid if off.

    (4)   I had used the card in recent years (although not heavily or often.)  It wasn't sock-drawered.

    (5)   My credit scores right now are very high, higher in the past couple of years than ever.

    (6)   I had two other credit lines in that range already so they weren't the first one to stick their neck out. 

                  Lol  Smiley Very Happy 

 

 

 


Business Cards


Length of Credit > 40 years; Total Credit Limits >$898K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Feb 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 22 of 27
19eighty5
Senior Contributor

Re: 53% CLI with SP on my Bank of America Cash Rewards -- Woo Hoo!!!

Congratulations on your CLI approval!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Sept 2022):EX- 706, TU- 685, EQ- 684
What's in my wallet:


Message 23 of 27
CreditInspired
Community Leader
Super Contributor

Re: 53% CLI with SP on my Bank of America Cash Rewards -- Woo Hoo!!!


@Aim_High wrote:

I have a Visa card with Bank of America that is almost 19 years old.  I converted it several years ago from a regular visa to the Cash Rewards.  (I don't even think they offered this card in 2000.)  I banked with BoA several years ago but no longer have active accounts with them.

 

I haven't even used this card very much in last few years but just enough to keep it active.  This is one of my oldest accounts, however, so I want to keep it open.  The last big use for it was about 5-10 years ago when I had a big balance transfer offer that I took advantage of for most of my existing credit line at that time.

 

My credit line for past couple of years was sitting at $32.6K and that was after a hard pull, back when they used to require that.  My credit score and my income have substantially improved in recent years, and I also read that they now do soft pulls.  I decided to try my luck.  Reading about others' successes with initiating credit line increases gave me more confidence to request it myself.  As I've learned, the squeaky wheel definitely gets the grease. 

 

Imagine my surprise when they notified me by email a few hours later that I had been approved for a 53% increase on my credit line from $32.6 to $50.0K !!!   Smiley Very Happy

 

 

 

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Data Points:

FICO Bankcard Score 8:

    (TU) 843 (04/19/19)

    (EQ) 840 (04/23/19)

    (EX) 803 (05/09/19)  > *more HPs from recent Chase apps

AAoA: 10 years +

AoOA: 25+ years

Income: High (well into six figures)

Total Credit Card lines: $374.9K  after recent increases on 3 accounts

Credit Card debt: PIF mostly before due dates

Utilization rate: 01%

*My highest three Credit lines are now $50K, 50K, and 49.5K. 

*My lowest CL is $21.9K.  I closed all my smaller store accounts.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Note: I am definitely seeing how leveraging credit lines between accounts

over time helps to raise your overall limits.  It appears when banks see

other high limits, they are more willing to raise your account to stay competitive!


BOA is on a roll. This makes the second $50K approval Ive read in the last 5 minutes. 

 

Congratulations to you on this outstanding CLI. And in your case, it’s not the squeaky wheel that gets the grease. lt’s the impressive credit profile that gets the dough. And so well deserved too. 


|| AmX Cash Magnet $40.5K || NFCU CashRewards $30K || Discover IT $24.7K || Macys $24.2K || NFCU CLOC $15K || NFCU Platinum $15K || CitiCostco $12.7K || Chase FU $12.7K || Apple Card $7K || BOA CashRewards $6K
Message 24 of 27
nyyankees877
Valued Member

Re: 53% CLI with SP on my Bank of America Cash Rewards -- Woo Hoo!!!

Congrats OP. I also tried the love button on my BOFA Cash Rewards and got up to 18,800 the other day. I was sitting at 10k for the past few years because I didn't know it would be a SP. 





Message 25 of 27
Anonymous
Not applicable

Re: 53% CLI with SP on my Bank of America Cash Rewards -- Woo Hoo!!!

Wow !!! Thats Bofa for ya congrats  Smiley Wink

Message 26 of 27
Anonymous
Not applicable

Re: 53% CLI with SP on my Bank of America Cash Rewards -- Woo Hoo!!!

Wow !!! you just have to lov3 bofa Congrats !!!! 

Message 27 of 27
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