How much CLI to Ask for on Bank of America Cash Rewards Card?

[Anonymous]

Hi,

I have had the BankAmericard Cash Rewards Visa card for over two years now and wanted to ask for a CLI. My initial (and current) credit line is $1,500 and I have never asked for a CLI. I always pay on time and in full and always spend several hundred dollars a month with the card. My income is about $30,000 per year. The last time I checked my FICO scores using myFICO (in March 2014), they were all in the low 700s.

How much should I ask for and does it matter whether I do the request over the phone or online? I'm mainly asking because I want to lower my credit utilization since it's pretty high due to the low credit limit.

EDIT: I was approved for the Bank Americard Better Balance Rewards Card with a $2,000 credit limit. Can I use the same HP to try to get a CLI on my first card? If not, can I transfer some of the credit from the second card to the first card without a HP?

[SOGGIE]

My suggestion: Do it online and request $25,000. They will counter. BTW Good luck!

[ScoreOrBeScored]

I opened my travel rewards and BBR iMarch 20, 2015

travel rewards - $2k 

bbr - $10k

called for cli May 27, 2015

travel rewards - $15k

bbr - $12k

then I moved $5k from BBR to travel 

end results :

travel rewards - $20k

bbr - $7k

imsay ask for $15k 

whats your our highest limit card you have ? 

[Anonymous]

This is my only credit card, so my total credit line is only $1,500. Also, I have several student loans and the first one is about five years old, so my total credit history is about five years old.

[SOGGIE]

I would say to request high. They will counter with a lower figure.

[SOGGIE]

This will be a HP so make it worth it. And them giving you a higher limit is to your advantage when apping for additional cards.

[Anonymous]

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@SOGGIE wrote:

My suggestion: Do it online and request $25,000. They will counter. BTW Good luck!

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You might as well, because they'll offer something lower and you may be able to negotiate a little.

Keep in mind that Bank of America will hard pull your credit for a CLI, no matter what.

[ScoreOrBeScored]

You need more credit cards. If I were you, I would app another BOA card,see how that turns out.

call back a few days later and ask for a cli on ur current card with the same HP.

then I would go app discover and a chase freedom.

[SOGGIE]

Again, best of luck to you! Let us know how you make out.

[Anonymous]

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@ScoreOrBeScored wrote:

You need more credit cards. If I were you, I would app another BOA card,see how that turns out.

call back a few days later and ask for a cli on ur current card with the same HP.

then I would go app discover and a chase freedom.

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This sounds like an excellent plan to me! I would probably wait on the freedom until a better promo comes.  What about  SallieMae?