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BoA to stop HPs for CLI’s

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Frequent Contributor

Re: BoA to stop HPs for CLI’s


@Zerocool8 wrote:

Question for all in this sub.  I have two Bank of America cards I wish to try and get CLI for.  I have a Cash Rewards card that has been open since 2004 and a UPS Capital card that has been open since 2011.  I have banked with them for about 20 years and have investements with them through Merrill Lynch.  My credit score is roughly around 840 depending on the bureau and I am around 1% on my credit utilization.  My CL on one is $10k, the other $7500, and was wondering what size CLI I should do, granted I do very well financially.  Also wondering if I am able to do a CLI on both or is it similar to Amex where you can only do one at a time.  Thanks for any and all help, just trying to expand my credit and doing so a little late in the game.


I'd ask for a lot, especially if you have banked with them that long and hold steady $$ in there...it seems to have helped from what I have pieced together over the last few weeks with the 2 cards I have with them.

Message 921 of 961
Established Member

Re: BoA to stop HPs for CLI’s

Do they just counter your offer if it's too high?
Message 922 of 961
Community Leader
Super Contributor

Re: BoA to stop HPs for CLI’s

Boa only counters if you are eligble for an increase but dont qualify for your asking limit. Amount asked means nothing imo.
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Message 923 of 961
Regular Contributor

Re: BoA to stop HPs for CLI’s


@Zerocool8 wrote:
Do they just counter your offer if it's too high?

In my case, I asked for one amount, they came back with a notice saying I was approved at a lower amount.  All over the net and within seconds.

 

 

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Message 924 of 961
Highlighted
Established Member

Re: BoA to stop HPs for CLI’s

I must have went too high, no counter offer, just got hit with the 7-10 day letter on one of the cards.  Didn't try the other one.  Does this mean it will now be a HP on my credit?

Message 925 of 961
Regular Contributor

Re: BoA to stop HPs for CLI’s

Wanted to add some DP's. Has been 127 days since last CLI - decided to hit the luv button. Was at 20.7k, asked for 50k and received instant approval for 30.7k, so a 10k CLI Smiley Happy

 

DP's below are fairly accurate except for one TU inq fell off a few days ago and UTI is down 2% from what is in siggy.

 

BofA CLI.PNG

 






Message 926 of 961
Senior Contributor

Re: BoA to stop HPs for CLI’s


@Zerocool8 wrote:

I must have went too high, no counter offer, just got hit with the 7-10 day letter on one of the cards.  Didn't try the other one.  Does this mean it will now be a HP on my credit?


Magic 8 Ball says No. 

 

You don't get a 7-10 day notice because you requested too high a CLI, you got it because the automated process determined you were ineligible for any CLI.  If you had been it would have counteroffered. 

 

Don't try for a CLI on the other card either at least until there's a final dispostion on your current request.   

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Message 927 of 961
Frequent Contributor

Re: BoA to stop HPs for CLI’s


@Five6Two wrote:

Wanted to add some DP's. Has been 127 days since last CLI - decided to hit the luv button. Was at 20.7k, asked for 50k and received instant approval for 30.7k, so a 10k CLI Smiley Happy

 

DP's below are fairly accurate except for one TU inq fell off a few days ago and UTI is down 2% from what is in siggy.

 


Nice!  I'm scared to ask for anything else from B of A...I'll give it about a year...they've been good to me so far...I don't want ot push my luck lol.

Message 928 of 961
Regular Contributor

Re: BoA to stop HPs for CLI’s

I’m sure they’ll take care of you, that’s some nice exposure you have with them currently!





Message 929 of 961
Regular Contributor

Re: BoA to stop HPs for CLI’s

Decided to go for the cli while I wait for US banks decision approved for 10K CL Smiley Very Happy

Message 930 of 961
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