BOA LUV button appeared again

[Dilbert934]

Got approved for a BOA Signature Visa CLI from $1800 to $5k back around Feb.  Saw the Luv Link appear today so I went for $7500.  Approved!  Probably should have gone for more based on my deposit balance between checking and Merrill accounts.

[Anonymous]

When will people learn you have to shoot for 100K w/ BOA and just let them counter back instead of "leaving money on the table" 

[ChargedUp]

You probably could've gotten to at least $12K!

[Anonymous]

Congratulations on you auto CLI! Remember everytime you see the button, hit it and try for a double of your current CL.  If BOA does agree, let them counter offer.

[Anonymous]

Congratulations!! It’s not too late...it’s a soft pull....hit it again and ask for 25k...you will be pleasantly surprised!!

[Anonymous]

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@Dilbert934 wrote:

Got approved for a BOA Signature Visa CLI from $1800 to $5k back around Feb.  Saw the Luv Link appear today so I went for $7500.  Approved!  Probably should have gone for more based on my deposit balance between checking and Merrill accounts.

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The maximum CLI BofA will approve is 3 times your current limit so you probably did leave a bit on the table but there's no guarantee that you would have been approved for the max.  The amounts deposited in checking and investment accounts have no influence over your credit limit unless you're using those funds to secure your card.

[Anonymous]

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@Anonymous wrote:

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@Dilbert934 wrote:

Got approved for a BOA Signature Visa CLI from $1800 to $5k back around Feb.  Saw the Luv Link appear today so I went for $7500.  Approved!  Probably should have gone for more based on my deposit balance between checking and Merrill accounts.

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The maximum CLI BofA will approve is 3 times your current limit so you probably did leave a bit on the table but there's no guarantee that you would have been approved for the max.  The amounts deposited in checking and investment accounts have no influence over your credit limit unless you're using those funds to secure your card.

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You're thinking AMEX.  I have never seen mention of BOA capped at 3X anywhere.  There are many instances of 18K+ CLI's for some of us that have been more aggressive with them over the years.

[Anonymous]

No, I'm not thinking of Amex.  When I started out increasing the limits on my BofA Cash Rewards card the first two times they approved me for a bit less than 3 times my previous limit.  Eventually I asked and I was told that the maximum they would do is 3 times the current limit.  Navy Federal also has the 3X limit although they make exceptions occasionally, as does Amex.  An $18+ K CLI does not mean it was 3 times the current limit; it depends on what the current limit was.

Note that the OP's first increase was from $1,800 to $5,000; that's less than a 3X increase which would have been $5,400.

Here's how my Cash Rewards grew, none of my increases were actually 3X:

8/23/17 - $2,000 Platinum Visa

11/25/17 - $5,900 - Hard pull

3/26/18 - $13,000 - Hard pull

3/29/18 - Requested conversion to Visa Signature

7/3/18 - $23,100  -  Soft pull

10/6/18 - $37,000  - Soft pull

1/5/19 - $50,000 - Soft pull

4/29/19 - $70,000 - Soft pull

[pinkandgrey]

Congrats on another great increase! BofA likes you

[Anonymous]

Congrats! Definitely try it again. Unfortunately BofA has never been kind to me with the luv button...