BOA CLI?

[eagle2013]

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@Dw4250 wrote:

Great information...thanks everyone!  It does seem like you can climb the ladder fairly quick with Bank of America.

I've had moderate usage on my BOA Travel Rewards so far (~$500/month; $5000 CL).  But it should get a good workout in Europe later this summer.  I'm trying to garden until next year, but if I can bump it up to >$10K, it may be worth another HP.

Some of you mentioned they countered your request...is this pretty common?  Does that mean I should ask for $15K if I want $10K?

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I'd ask for $20k and see what they'll counter with (if you're eligible for a CLI they will counter!). BofA is so good on CLIs you don't want to limit yourself especially with a HP involved.

[lg8302ch]

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@Dw4250 wrote:

Great information...thanks everyone!  It does seem like you can climb the ladder fairly quick with Bank of America.

I've had moderate usage on my BOA Travel Rewards so far (~$500/month; $5000 CL).  But it should get a good workout in Europe later this summer.  I'm trying to garden until next year, but if I can bump it up to >$10K, it may be worth another HP.

Some of you mentioned they countered your request...is this pretty common?  Does that mean I should ask for $15K if I want $10K?

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Yes they will counter. I tried with the cash rewards from 5K to 10K that was fully approved and the travel rewards I tried from 5K to 15K  but the counter was 10,1K...yes that silly 100$ more than the cash rewards..lol... but of course it was quite a deal to add 10K with a single pull for me.

[o_s]

Avg usage $3000 / month 

Time since approval about 45 days 

Starting limit $2000, CLI to $3000 on activation, CLI to $6800 (asked for $6800) about 45 days later 

Util might have been under 20% with the card, and under 10% overall 

[Commutator]

It sounds like waiting 2 months before requesting a CLI from BofA is enough?

[Rain77]

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@Dw4250 wrote:

A few questions for those who have been successful in recent times with a BOA CLI.  What was your:

a). Avg Usage/month?

b). Time since approval/last CLI (3 mos/6 mos/12 mos/etc.)?

c). UTL on both the BOA card and overall UTL at the time of request?

Thx!

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BOA Cash Rewards opened in Nov 2013 - $5K - immediately did a bal transfer of about 3.5K.  Run about $300-$500 p/m.  Requested CLI to 10K a couple weeks ago, HP on TU approved.  UTL on BOA at time of request 74% (on CR) actual balance about 86% UTL, Overall around 25%.  I was surprised it was approved, for sure thought it would be countered.

[eagle2013]

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@Commutator wrote:
It sounds like waiting 2 months before requesting a CLI from BofA is enough?

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Theoretically, yes - but in order to maximize your HP it would be best to wait until month 6 to see if you have an auto CLI. Or, if you're like me and not too HP adverse, after the 3rd or 4th statement cuts. 

[Commutator]

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@eagle2013 wrote:

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@Commutator wrote:
It sounds like waiting 2 months before requesting a CLI from BofA is enough?

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Theoretically, yes - but in order to maximize your HP it would be best to wait until month 6 to see if you have an auto CLI. Or, if you're like me and not too HP adverse, after the 3rd or 4th statement cuts. 

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I've called them before to update my income figures, but they basically said there's no point in taking it down since they don't do auto CLIs anyway. I'm on a student card, if that counts for anything. I can't decide whether to do it after 2 statements so I'll have 3 months without inquiries before I go on my 1 year application spree, or just wait till I have 3 statements with BofA but have a HP just 2 months before my spree.

[wmweeza]

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@Dw4250 wrote:

A few questions for those who have been successful in recent times with a BOA CLI.  What was your:

a). Avg Usage/month?

b). Time since approval/last CLI (3 mos/6 mos/12 mos/etc.)?

c). UTL on both the BOA card and overall UTL at the time of request?

Thx!

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A.) $50 a month out of $2700

B) I got auto CLI increases every 4 months for the last year

c.) Util about 4-6% on my BofA card, and 2% overall

I requested my first CLI in the last month (to $5400), all the rest have been AUTO, so I can't help too much

[Dw4250]

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@wmweeza wrote:

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A.) $50 a month out of $2700

B) I got auto CLI increases every 4 months for the last year

c.) Util about 4-6% on my BofA card, and 2% overall

I requested my first CLI in the last month (to $5400), all the rest have been AUTO, so I can't help too much

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Oh wow...I was under the assumption BOA did not give auto CLI's.  That's good to know.

[neoanderson1]

1) I use my BOA 1,2,3 at least 15 times a month ($1 purchases, $15 groceries, gas etc)

2) Acct opened in August. First increase was from 2000 to 6000 in Dec 2013, next was June 2014 to 8500

3)97% util and 93% overall.

Weird, I know. In serious pay down. BOA is a good bank to do business with!