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BoA to stop HPs for CLI’s

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Contributor

Re: BoA to stop HPs for CLI’s

For those that have hit 99k exposure, what are you putting down for your income and housing payment in the CLI request form? Also, what is your average monthly balance?

 

I ask because I've been stuck on 40k limit on each of my BofA Cash and Travel cards (80k total) for the last year. I've tried asking for both 50k each, 45k each, and even mixing it up with 50k on one and 45k on the other. All denials. I put down $200k income, $0 housing payment. The Cash card has an average monthly balance of about $500-1000. It is specifically used for online purchases outside of Amazon.com since I have an Amazon card as well. The Travel card has an average $2 monthly balance for a subscription service.

 

Please advise. Thanks

Chase Sapphire Reserve 34K | Chase Freedom Unlimited 28K | Chase Amazon 25K
Chase IHG 8.5K | Chase Freedom 5K | Chase Sapphire 3K
Bank of America Cash 40K | Bank of America Travel 40K
AMEX Delta Gold 30K | AMEX Everyday 25K | AMEX Delta 13K | AMEX Blue Cash Everyday 2.62K
Citi Rewards Plus 31K | Citi ThankYou Premier 18.7K
PenFed Pathfinder 5K | PenFed Platinum 5K
City National Bank Crystal Visa 15k
TD Cash 14K | Uber Visa 13K | USBank Cash+ 10K
Wells Fargo Cash Wise 6.5K | Discover IT 5.2K
Overstock 13K | Target RedCard 2.5K | Victoria Secret Angel 1K | LOVE LOFT .25K
BP Visa 5K | Walmart MC 3.3K

08/18: TCL 246.95K | AoOA: 18Y | AAoA: 5.0Y || TU: 820 | EQ: 823 | EX: 815 || INQ - TU: 3 | EQ: 3 | EX: 7
12/18: TCL 386.95K | AoOA: 18Y | AAoA: 3.1Y || TU: 805 | EQ: 813 | EX: 769 || INQ - TU: 5 | EQ: 4 | EX: 10
11/19: TCL 421.55K | AoOA: 18Y | AAoA: 4.2Y || TU: 818 | EQ: 820 | EX: 794 || INQ - TU: 6 | EQ: 5 | EX: 9
Message 971 of 974
New Contributor

Re: BoA to stop HPs for CLI’s

Hi all,

I just happened to come across this thread. I have a BofA Cash Rewards Visa, current credit limit 17k. I got it in 2011, want to say started about 10k limit. I never requested CLI but several years ago they bumped me to 17k.

Just wondering how much of CLI I should request?

I consistently spend about 1000-1500/mo, let it report but always PIF. My other 2 cards barely used and always report 0. FICO provided by BofA is 821. Probably don't need the CLI, but since there's no HP wouldn't mind bumping it up a little bit.
Message 972 of 974
Senior Contributor

Re: BoA to stop HPs for CLI’s


@simplechamp wrote:
Hi all,

I just happened to come across this thread. I have a BofA Cash Rewards Visa, current credit limit 17k. I got it in 2011, want to say started about 10k limit. I never requested CLI but several years ago they bumped me to 17k.

Just wondering how much of CLI I should request?

I consistently spend about 1000-1500/mo, let it report but always PIF. My other 2 cards barely used and always report 0. FICO provided by BofA is 821. Probably don't need the CLI, but since there's no HP wouldn't mind bumping it up a little bit.

@simplechamp  You can probably ask for $99,900 and  BofA will counteroffer with an amount they are comfortable approving.  However, in most cases lenders cap increases at 3X the current credit limit so in your case you can ask for $51,000.





Message 973 of 974
New Contributor

Re: BoA to stop HPs for CLI’s

I just requested the CLI. Starting at 17k, requested 50k and was given 27.2k
Message 974 of 974
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