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Hi all, love these forums! Lots of really nice members who give great information and advice! I'm going to apply for a CLI for my BoA Cash Rewards card. Right now, my limit is at 700$. I've had the card with them since 11/12 and have had a low utl + pif every month. How much of a credit limit increase should I ask for? I was thinking maybe 2x or 3x?
How much has your score increased since you have been with them? What about your income? Any other cards?
@GatorGuy wrote:How much has your score increased since you have been with them? What about your income? Any other cards?
Well before I got the card, I had no credit history at all. I don't know my score yet except for on creditsesame which is at 722. My personal income is 12,000 a year and my wife makes the same. Is it considered household income or just person? This is the only card I have.
@enharu wrote:
Just ask for say 3-4x. They should counter offer you if that can't raise it by that much. You are taking a HP for it anyways, so might as well ask for as much as you can.
Oh wow, I didn't even know they counter off you. My thought was if I ask too much they might just deny me so I wanted to ask for as much as I can without seeming greedy lol.
@09Lexie wrote:
To answer the question on HHI, it would depend on how their question is posed. If they say, YOUR income then its just you.
On the application, it just says Annual Income which is why I'm a little confused.
@enharu wrote:
It's best to assume everything to be personal income until they specifically ask for household income.
That's what I figured. Do they actually check? For example if I make 12k and I put 15 or 20k would that matter? The problem for me is, Most of the money I make is all cash so there isn't really a way for me to show how much I make at this time...