cancel
Showing results for 
Search instead for 
Did you mean: 

Ask and you will be given ! (BofA CLI)

tag
AverageJoesCredit
Legendary Contributor

Re: Ask and you will be given ! (BofA CLI)

Boa rocks on bting directly to your checking, easy peasy cover girlSmiley Wink
Message 11 of 26
BPebbles
Frequent Contributor

Re: Ask and you will be given ! (BofA CLI)


@Anonymous wrote:

My Better balance card hit 7 months today. Logged into BofA site and got the CLI button. Thanks to Myfico, learnt it was TU HP which I was OK with (my EX is frozen).

 

Existing limit was 6.5K and for the heck of it, asked 15K (what can go wrong, they'll counter, right?)...to my surprise I was approved for full 15K Smiley Happy

 

"Congratulations! Your credit line has been approved.
Your new total credit line is $15,000.00 with a cash credit line of $1,500.00 and is available for immediate use.

Use your available credit to transfer balances from other creditors online today."

 

Thanks BofA !


Congrats on your CLI!! Very NICE!!  I do like how easy they make it do a BT directly to a checking account. Smiley Happy

Message 12 of 26
pipeguy
Senior Contributor

Re: Ask and you will be given ! (BofA CLI)

Congrats on your BoA CLI - everytime the button shows up I hit it, I've gone from $2k SL to $15k on my "Red Cash card" in 9 months and from a $15k SL on my "Blue Travel Card" to $25k in 4 months. If BoA likes you they really really like you - if they don't you'll be stuck at your SL for 1 year or 2 (been there too). 

Message 13 of 26
AverageJoesCredit
Legendary Contributor

Re: Ask and you will be given ! (BofA CLI)

Lol, mine is back but ithough i want to push it , still carrying a 50% load, dont think id get it so im gonna continue paying it down and maybe try in DecSmiley Wink
Message 14 of 26
K-in-Boston
Credit Mentor

Re: Ask and you will be given ! (BofA CLI)

BOA doesn't care about util, Joe.  Have you seen my BOA thread?  LOL  Unless you mean 50% overall util?

 

Congrats, Posiedon on the CLI.  Looks like they were certainly willing to give you more if they didn't counter-offer.  If you're OK with the HP, you could likely ask for $50k in 3 months if you want even more.

 

Agreed that the cash limits are all over the board.  But since the "cash advances" I do are really just balance transfers deposited directly to my checking account, the limit really is my full credit line.  FWIW, here are my cash limits:

 

Travel Rewards Visa Signature $8,500 of $26,800 

Platinum Plus MasterCard $11,600 of $28,600

Cash Rewards Visa Signature $2250 of $7500

Alumni Association Platinum Plus Mastercard $18,000 of $60,000

Message 15 of 26
Anonymous
Not applicable

Re: Ask and you will be given ! (BofA CLI)


@K-in-Boston wrote:

 

 

Congrats, Posiedon on the CLI.  Looks like they were certainly willing to give you more if they didn't counter-offer.  If you're OK with the HP, you could likely ask for $50k in 3 months if you want even more.

 

 


Thanks for the tip. Now that I know they access TU for CLI, it helps. 3 Inq's are falling off in July which should help my CR further.

Message 16 of 26
Anonymous
Not applicable

Re: Ask and you will be given ! (BofA CLI)


@AverageJoesCredit wrote:
Lol, mine is back but ithough i want to push it , still carrying a 50% load, dont think id get it so im gonna continue paying it down and maybe try in DecSmiley Wink

AJC, if I remember correct, you once mentioned that your score has considerably improved? are you not seeing the CLI link when you login?

Message 17 of 26
AverageJoesCredit
Legendary Contributor

Re: Ask and you will be given ! (BofA CLI)

Yeah, my TU as if now is at 724 Fico. I think it could be better , my Ex is currently 742 per Amex, June. I think i have like 3 cards eporting a balance though 1 is becsuse they are super slow updating, my Marvel at 14 bucks.

The thing is since i basically Btd all my balances over to the Bbr, the card carries a high % which i believe is why my score is stagnant. I just made a $200 payment, so now im at $5400 on a $10,700 limit. My last cli increase was approved but i think i got only like $2200 increase. Was previously at $8500. So im not sure if im maxed with amount of credit they are willing to extend. Any time i went for a second card its been a no go. Ill have $500 this week so im torn wherher to pay again Boa to bring it under 50% or pay off my Disco to keep it reporting at 0.Smiley Wink
Message 18 of 26
K-in-Boston
Credit Mentor

Re: Ask and you will be given ! (BofA CLI)

Score should be fine.  BOA seems to be just as happy with 720 as 780 provided other details are mostly the same (comparing me and my wife a few months back).  Usually the button only appears if they think you are actually eligible for a CLI.  The amount of credit they'll extend is certainly based on income among other factors.  A more than 25% CLI isn't bad no matter how you look at it, but if they are denying you for a second card and not just automatically reallocating credit lines that may be more of a question for a credit analyst.  I can't remember if your Discover is in a 0% promo, but if not I would certainly pay that to not accrue interest rather than getting the BOA down just under 50%.

 

Up to you if you want to risk it, but you could either ber pleasantly surprised or you could call and have a relaxing conversation with a friendly, helpful, un-Chase-like credit analyst to reconsider.

Message 19 of 26
AverageJoesCredit
Legendary Contributor

Re: Ask and you will be given ! (BofA CLI)

Thanks KSmiley Happy good options to think about. Was thinking about same.Disco, not sure on 0% period may call to inquire about since i gotta ask them something about my address anyway. I know my first year ends in October. Roll of dice for sure but it would be interesting to see how asking a csr about credit limit increase ss opposed to just hitting the button. I ll update if i decide to do anythingSmiley Happy
Message 20 of 26
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.