Good point froggie
Though it is a possibilty to use a hp from a cli request to grab another, if you got denied the cli, could be you are at their nternal limit right now. Happened to me, looks like im a 1 card only from Boa due to my income but its ok, ive got other eggs in my basket
Though it is a possibilty to use a hp from a cli request to grab another, if you got denied the cli, could be you are at their nternal limit right now. Happened to me, looks like im a 1 card only from Boa due to my income but its ok, ive got other eggs in my basket
Because I have seen triple-digits here before, I have to ask... how many is "too many" inquiries on TU? As AboveAverageJoe said, you may just be at your internal limit and they just needed to give you any reason to decline you. What's your current line of credit? And following up on frogman1's reply, are there other reasons why they may have declined you in addition to the INQs? If so, an additional approval may be unfounded.
Wonderful data points; that helps a ton! Sounds like you may have just hit your internal limit with BOA for the time being. Every profile is different of course, but generally they're not scared off by inquiries. How long have you had the card and when was your last increase, if any?
I'm not familiar with BOA's policies, but I think it's a valid question. I've seen plenty of people get denied a CLI from lenders only to be approved a second card. Heck, Amex just approved a third card for me but won't give me a CLI. Penfed and NFCU have done the same for other's.
Valid question and valid medicgrrl answer; Chase turned me down for a CLI on Freedom then minutes later approved me for a CSP with more than 3x the limit. I don't recall hearing of BOA doing that (with them it's usually a case of reallocating credit lines automatically), but I am sure there are probably numerous examples on this very forum.