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BOFA CLI & APR Reduction

skorpyo3
Frequent Contributor

BOFA CLI & APR Reduction

I’ll start with some history. I had a BK discharged 11/2012. Applied for unsecured card 3/2015 and was declined. Decided to apply 5/2015 for a secured card and was approved with $3,000 deposit. It was unsecured via request before 6 months and converted to Cashback 123 with a CLI to $6,000. About 1 year after opening 5/2016, I was granted another CLI to $10,000 via phone. I have been trying for a CLI ever since and declined due to BK. I spoke to a credit analyst each time I was declined with no success. I explained that it made no sense that I was initially approved, and already given two increases with the BK. About 6 months ago I opened a checking account with direct deposit. I think this was a determining factor with my latest CLI to $15,000 via luv button! I asked for $5,000, then wished I had asked for more. I called senior credit analyst the following morning asking for more. He submitted the request, but it wasn’t approved due to too many recent CLI requests. I then asked to be transferred to the rate reduction team to try and get a lower APR. That dept told me that I had no offers. I asked about a balance transfer and was then transferred to retentions. They told me no BT offers, then I asked again about reducing my APR. Guess what? There was an offer to lower from 19.99 to 16.99! I love BOFA again. I almost gave up on then. Being persistent paid off in the long run. Hope my little history novel helps others achieve their successes.
|EQ 698|TU 674|EX 665| BK discharged 11/2012

[Amex PRG No PSL] [Cap 1 QS Visa Sig $50,000] [Barclaycard CashForward WMC $25,000] [Patelco CU MC $20,000] [BofA Cash Rewards Visa Sig $15,000] [Amex BCE $13,000] [Discover It Cashback $13,500] [US Bank Cash + Visa Sig $10,000][US Bank Platinum Visa $8,400] [Penfed Power Cash Rewards Visa Sig $10,000] [USAA Cashback Rewards Plus Amex $15,000] [Citi AAdvantage WMC $5,000] [Macy's Amex $7,500] [JCP $6,500] [Amazon Prime $6,000] [Target $2,000]
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2 REPLIES 2
RonM21
Valued Contributor

Re: BOFA CLI & APR Reduction

Congrats on the increase and reduction! Yes, being persistent does have its benefits. Good for you!
                

Total CL: $304.1kUTL: 3%AAoA: 6.8yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k |DISC-40.6k | PENFED-38.4k | AMEX-37k | NFCU-37k | LOWES-35k | ALLIANT-25k | BARCLAYS-15k | CITI-11.7k | CHASE-10k

Message 2 of 3
19eighty5
Senior Contributor

Re: BOFA CLI & APR Reduction

Shoutout to you being persistent! Thank you for your story and congratulations on your CLI!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

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