B of A CL!

[Anonymous]

Last night I was ticked off at Citi because they denied my app so I figured I'd try B of A Platinum. I have a small bank account with them and the form was pre-filled online except for a couple of lines. I was hoping for 7-10k. I don't know if it's because of my bank account or what, but the message was $21k! Does it help to have a checking with them?  

[Anonymous]

Congrats!!!  Can I ask you a few questions? What are your scores? what income did you put down? and are you a home owner and for how long?

Thanks!

[tonsers]

Wow, what a limit!!! I have all my accounts with BofA and I'm sure that it has helped me get some generous CLIs. But geez... 21K!?!? Congrats on your card!

[Anonymous]

Dang-

Put an extra zero on your income?

[Anonymous]

Ex only 668 TU 694 EQ 690. Yes, I am a homeowner. I am surprised, however. I have been very diligent about paying off my cc's and only have one old CO and a couple of public records ie tax liens that are almost paid off. 

[Anonymous]

It's amazing what 7 figures will get you!

[Anonymous]

$21K with multiple PRs and upper 600s, but with 7 figures.

Just more evidence for what I've said before.  Existing CLs and HHI play a MUCH larger role in determining initial CLs on new accounts than FICO scores do.

Message Edited by cheddar on 04-25-2008 08:41 PM

[Anonymous]

In the interest of disclosure the 7 figures was a joke. Sorry, I thought that was clear. If I were making a mil a year I wouldn't worry about CL's! Our HHI is $150k. We share one account with an $18k limit that my wife brought into the marriage and added me as joint, otherwise our credit is separate. It must have helped though because last Saturday I got the Amex Delta Sky Miles $10k and a Chase $7.5k ($3.5 approved and CLI with a phone call). It was Citi's decline that made me go after B of A so I guess I owe them too.

[Anonymous]

And lastly, the interest rate is pretty low...

Congratulations! You've been approved for the Platinum Plus® Visa® Credit Card with an initial credit line of $21000.00. You should receive your card in seven to ten days.

The following tables highlight the rates and eligibility dates for your new card.

Eligible Transactions Purchases Balance Transfers Cash Advances Standard Annual Percentage Rates 8.24% 8.24% 21.24%

Current Promotional Rates

• 0% Intro rate on Balance Transfers, Direct Deposit Cash Advances and Check Cash Advances for your first 12 billing cycles.
  

[Anonymous]

That is a dangerous credit line. Can I ask why are you applying for so many credit cards with such high limits?