Well, new to the game, i prematurely requested a cli on my boa world points after about 3 months with the card, i specifically only asked for a 500cli --which was of course summarily declined with a friendly 'you're a new customer, hold your horses' type letter.
However, just 3 months later (scores unchanged and balances slightly higher) i noticed that i was granted the 500 cli i had been rejected for just 3 months ago. With all the recent reports on boa's seemingly poorly conceived rate changing -even on rather unblemished customers w/ long histories i'm thinking they're hoping i take the bait and charge more or transfer a balance putting me ever so precariously closer to my max and thus making me an even more likely target for a rate jack scenario.
In any event, my response to the cli was to immediately make an online payment of 1,000 bringing my balance down to a more acceptable level (under 35% util) and hoping as i continue to make payments of 5 and 6x's my minimum the cli's keep rolling in over the next few years.
One of my goals in '08 is to pay down all cards to 0-10% and see how that feels for a few! and the cli did help with this process by helping my util. so i am equal parts grateful and leary of their motivation for the cli. I hope that they don't deem me a hard core revolver b4 i finish paying cards down in the next 3 to 12 months. I had heard that at amex "revolving" means a max of 90 days and not one day more or you are potentially earmarked as a 'problem revolver'. I'd rather get in the habit of pif'ing all cards and have the infrequent well timed instance of revolving for ever so brief periods since you just can't be too careful these days, can you? Hope i get there b4 any foolishness assails me 
yay boa! (i think!?!)
score_building wrote:With all the recent reports on boa's seemingly poorly conceived rate changing -even on rather unblemished customers w/ long histories i'm thinking they're hoping i take the bait and charge more or transfer a balance putting me ever so precariously closer to my max and thus making me an even more likely target for a rate jack scenario.
They gave you what you asked for and you're assigning ulterior motives to them? Isn't a $500 CLI what you asked for? 
Huh? Nope, they denied the increase when i asked and then 3 months later w/o any prompting from me granted it when balances had not lowered and scores have not increased. i hope it was just a responsive offer and will appreciate it as such in the absence of compelling evidence to the contrary.
However, from what little i understand about the cli process at boa the timing of this cli is somewhat unusual and does seem a bit suspect in light of recent reports of customers wooed into split hair rate changes at boa. High balance new customers are not good candidates for BFFA increases if i'm not mistaken...In any case, rather than assigning ulterior motives i'm just keeping my eyes open, watching my step and hoping for the best Hope i haven't become too cynical of the banking industry in 2008!
Hope i haven't become too cynical of the banking industry in 2008!Message Edited by score_building on 02-14-2008 11:00 AM
Message Edited by score_building on 02-14-2008 11:01 AM
