BofA Credit Reallocation

[Anonymous]

How is BofA with moving credit to another line and closing the card?

I have a BofA Royal Caribbean with a $6000 limit and want to move it to my BofA Travel Rewards that has a $5000 limit. Both are new accounts.

Would like to covert to the 321 down the road...if thats possible.

[MarineVietVet]

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@MstrPTato wrote:

How is BofA with moving credit to another line and closing the card?

I have a BofA Royal Caribbean with a $6000 limit and want to move it to my BofA Travel Rewards that has a $5000 limit. Both are new accounts.

Would like to covert to the 321 down the road...if thats possible.

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Several years ago BoA allowed me to do this very thing but I'm not sure what their policy is today.

[Anonymous]

No problem.  They will require you to keep a small CL on the account you are closing ($500 I believe) and transfer the rest.  You can also move CL on multiple cards at the same time but you will burn a HP

[Shock]

So it's no problem to move one credit card line to another but it's a HP to move multiple? Wow. Why dont you just make two separate phone calls?

[Anonymous]

Will it work if both are less than 30 days old? I know Amex requires 13 months from donor card.

[MarineVietVet]

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@MstrPTato wrote:

Will it work if both are less than 30 days old? I know Amex requires 13 months from donor card.

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That I cannot answer.

[Anonymous]

I apologize if I was not clear.  Any CL move requires a HP.  My comment was that you could  move CL between multiple accounts not that it required  an additional HP 

[Shock]

Requires a HP???? BS. I dislike BOA right now.

[Shock]

Hot off the presses guys....I like BOA again

[Anonymous]

**Update**

Just called...quick and painless. Moved all but the required $200 over. Closed my Royal Caribbean and now my Travel rewards card has $10,800. I am not not gonna complain one bit!  No mention of a hard pull. Only wanted to verify income/housing status.