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BoA to stop HPs for CLI’s

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Senior Contributor

Re: BoA to stop HPs for CLI’s


@Five6Two wrote:

@RoadVIking wrote:

@RoadVIking wrote:

Got my third "luv button" and third consecutve CLI today. My history now looks like:

$1500 SL early May 2018

> $6600 mid-August 2018

> $13700 mid-Nov 2018 (asked for 3x or 20k)

> $23700 end-Feb 2019 (asked for 25k)

 

That's a pretty incredible increase for someone who didn't even have a credit history in May 2018 (now at around 726 FICO). I reckon the pace will slow down from now on though.  Does anyone know if there is a common "ceiling" to the BoA Cash Rewards card?

 

Thanks to BoA for treating me so well!


Update: Asked for another $11200 today to take me to $34900 and was auto-approved for the full amount, so I guess that means I left money on the table. Thanks BoA! (FICO8 at 741)


Hey Viking, so even if the luv button shows all that HP language as long as it has been 91 days someone should be eligible for SP CLI? 


The luv button showing (only) means that they consider you eligible to be considered for a CLI, not necessarily that you're eligible to be granted one. 

 

The vast majority of data points confirm a SP,  even with the HP language displayed, but there have been a couple of sporadic reports of an HP being made.   Anyone in a position where a HP would be contraindicated (expected upcoming mortage application, for example) needs to weigh the risk vs. reward. 

(8/2019)
FICO 8 (EX) 793 (TU) 808 (EQ) 794
FICO 9 (EX) 822 (TU) 827 (EQ) 844

$800K+ club
Message 901 of 955
Contributor

Re: BoA to stop HPs for CLI’s

Finally got my first CLI at 368 days from opening. SL was $7,000 and when I tried at 91 days, I was denied with verbiage mentioning lack of relationship with them/affiliates and less than a year since card opening. Asked for $20,000 and was countered at $14,100. Not bad! Last TU score from them was 823. I did unlock my TU based on others’ previous experiences. No HP alert yet...
FICO 8 (as of 8/23/2019) | EX: 823 | TU: 824 | EQ: 831
Inquiries (Total) | EX: 2 | TU: 1 | EQ: 1
Inquiries (Less than 1 year) | EX: 0 | TU: 0 | EQ: 1

PenFed Promise Visa $39,000 | NFCU More Rewards Amex $25,000 | Bank Americard Mastercard $25,000 | Macy's $25,000 | NFCU Go Rewards Visa Sig $24,300 | Citi Simplicity Mastercard $21,000 | Synchrony Home (Mohawk) $17,600 | NFCU CLOC $15,000 | Citi Costco Visa Sig $12,300 | PenFed Gold Visa $11,000 | Citi Diamond Preferred Visa $8,000 | Discover It $7,500 | Kohl's $3,000

Message 902 of 955
Regular Contributor

Re: BoA to stop HPs for CLI’s

Just wanted to update that I had gotten approved for a lower amount than requested on my 1st attempt.

 

Tried again right after and got the 7-10 days notification.  Received a letter and they denied the 2nd attempt (as was expected).




Message 903 of 955
Frequent Contributor

Re: BoA to stop HPs for CLI’s


@DCnDC wrote:
Finally got my first CLI at 368 days from opening. SL was $7,000 and when I tried at 91 days, I was denied with verbiage mentioning lack of relationship with them/affiliates and less than a year since card opening. Asked for $20,000 and was countered at $14,100. Not bad! Last TU score from them was 823. I did unlock my TU based on others’ previous experiences. No HP alert yet...

Wow long wait DCnDC! I'm glad you got it. I'm on the same year wait myself. Not what I expected but still worth it. 

FICO SCORE 08 - Aug 2019 - EX 769 - TU 760 - EQ 764



12/15 - First Tradeline - 12/17 - 800 Credit Score - 3/18 - Homeowner

Message 904 of 955
Contributor

Re: Getting a BofA CLI after a CLD 18 months ago

Good reading your adivce.

I am thinking about going for my FIRST ever CLI on both my BOA Cash Rewards ( current CL $5500 ), and my BOA Premimum Rewards ( current CL $7500 ).

* I have had both these cards for 6 months

* I've had a lot of useage, but I've never been above about 30% Utilization on either.
* Always pay my balances off within 30 days.
* I'm a Platinum Rewards level Bank of America customer with my investment and deposit accounts.

* My FICO scores have gone up about 30 points since was approved for these cards 6 months ago. 

Right now am at EQ: 715  /  TU: 711 / EX: 690

 

Only thing is that since I applied for these two cards, I have added 4 other cards -- also 6 months ago. So, not sure if BOA will think I have opened to many cards 6 month ago.. My potential liablity across all my cards ( 60.5 K credit line combined over 8 cards ) is much higher now than when I was approved for the two BOA cards.

Then again, the "apply for credit limit increase" button on active on the BOA website for both my cards, so maybe that means that aren't that concerned over these things... It's not a pre-aprroval, but it's is encouraging and tempting to take a shoot at getting the increases on both - especially if as you indicate, they won't be Hard Pulls.



GoingGold
*UPDATED AS OF 09/09/2019*
EQ: 712 ___ TU: 708 ___ EX: 689
Utlz:1% ___ Old Lates/COs: 2 ___ Collections: 0 ___ Public Records: 0 ___ Last Late: 2.1 yrs ___ AAoA: 7.1 yrs ___ AAoOA: 23.10 yrs

AMEX PLATINUM ___ AMEX GOLD = $3,000 (P.O.T) ___ AMEX BONVOY BRILLIANT = $5,000 ___ AMEX CASH MAGNET = $1,000
CAP ONE VENTURE = $30,000 ___ CAP ONE QUICKSILVER = $3,500 ___ CAP ONE PLATINUM SECURED = $500
BANK OF AMERICA CASH REWARDS = $15,000 ___ BANK OF AMERICA PREMIUM REWARDS = $15,000
DISCOVER IT MILES = $15,000 ___ FIDELITY INVESTMENTS CASH REWARDS = $16,500
**TOTAL OVERALL CREDIT LIMIT = $101,500, or $104,500 if you include the Amex Gold P.O.T option CL.
Message 905 of 955
Established Member

Re: Getting a BofA CLI after a CLD 18 months ago

Just a DP in case no one posted. Even business credit cards limit requests are soft pull. I called yesterday to get another limit increase on My Bofa travel business card and rep said it’s soft pull. So I pulled the trigger and now my limit is now 70k from 58k. I also requested a credit line increase 2 months ago from 38k to 58k.
Message 906 of 955
New Visitor

Re: How often for BOA CLI?

I've had my BOA card for 3 months...applied for a CLI today.  I asked and got a 4k increase.

Message 907 of 955
Frequent Contributor

Re: How often for BOA CLI?

Another DP.

I last requested a CLI in Jan, the blue link started to appear sometime around Apr (3 months)

I requested a CLI today (after 6 months) got a 14k increase.

Amex BCE | Discover | Chase Freedom | Citibank DC | SYNCB | Barclay Rewards | BoA Cash Rewards | CapOne QS | Chase CSR | Chase FU | Amex Ascend | 2019 Goal: Gotta make it to 200k |
Message 908 of 955
Regular Contributor

Re: How often for BOA CLI?

what was your SL? i started at 3200 back in May. will finish the 1k spend to get the sub. would like to get CLI to bring down my utility and have a somewhat more useful CL.

 

 



BOA Americard $1000 | Sept. 2018-CLOSED Aug. 2019
BOA Travel Rewards $4200 | May 2019
Amex Hilton Ascend $15000 | July 2019
FICO 729
Next cards: Chase World of Hyatt (free night!) --> CSP --> Amex Platinum
Message 909 of 955
Contributor

Re: BoA to stop HPs for CLI’s


@yapsalot wrote:

Update: had a credit line increase on June 22, 2018 from $30k, where it had been for several years, to $48k. Was a soft pull. Just requested credit line increase from $48k to $76k, B of A allowed an increase to $60,800. No indication yet of a hard pull but only been a few minutes. Thanks to the OP and all the contributors for helping me double this credit line in just three months!



Another update. Feb 15 2019 CLI from $60k to $80. June 25 2019 from $80 to $99.9. Very little usage less than $1k per month. FICO scores 836, 850, 850. Had card 12 years. Never asked for tax returns. No banking relationship with B of A. 

Yapsalot
Message 910 of 955
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