PurpleHaze wrote:
Cheddar (or anyone else who can provide feedback) - do you ever carry a balance or PIF? I received my card the same time as you via reconn, but only for $1000. I want to attempt a CLI but not sure if I should wait longer. Does BofA try to match existing limits or base their CLI's on alternate info? My HSBC card is now $1800 (my highest limit) but wont be reported until this month. The only other higher limit I have is $1300. I do not have any recent baddies. I am currently at $400 of my $1000 limit with BofA.
cheddar wrote:
To recap:
Applied for BofA Rewards Amex on April 9. Approved instantly for $2500.
Product change to BofA Accelerated Rewards Amex on April 23.
Today, I requested a CLI. I thought I might be pushing the envelope asking them for too much too soon, but I've heard nothing but success stories around here regarding BofA CLIs, and no AA as a result, so I figured, why not.
I decided to call in instead of doing it online. I also left the amount open and just requested whatever I'm eligible for.
Had to answer some questions from a credit analyst about my income, how long I've been doing what I do for a living, why would I like a CLI, etc etc. Put me on hold for a few minutes, came back, and told me they were giving me a CLI to $7500.
The rep was even apologetic that he couldn't give me more. He said I should give them a little more history and then they'll see about taking me higher.
How's that for a dreary Monday afternoon?
Message Edited by cheddar on
04-28-2008 02:00 PM
Well, I guess I haven't gone back to update this post like I should have.
Turned out my product change was declined because I don't have enough history with them yet (after they told it me it was already a done deal and I could expect to receive my card in the mail). (Fair point, but I don't like the way they went about informing me that it was declined, which was not at all. The only reason I found out was because I called up after several weeks to say "Where's the new card you promised me?")
The CLI still stands, though. To answer your question, PurpleHaze, I always PIF all of my cards. I haven't shown my BofA Amex nearly as much use as it deserves. The first month I had it, I think I only charged about $200 on it, then the second month I charged around $2K. Amex Delta SkyMiles had a promotion going for the month of June (double SkyMiles on all purchases), so that was my go-to card last month, and as a result, the BofA Amex only saw about $7 worth of action.
Sorry, BofA! I promise I'll try to use you more in the future.
Edit to answer your question about CLI more directly: When I received my CLI from $2500 to $7500, the largest CL I had was my WaMu card at $15K, but it wasn't reporting yet. I had heard that BofA likes to match your highest limit, so I told the credit analyst about the limit on my WaMu card and explained to him why it wasn't on my reports yet. I don't know if it's a coincidence that the amount he approved me for ($7500) is half the amount of that largest CL which wasn't reporting yet, although $7500 was larger than any reporting CL I had at the time, so I can't complain at all.
Message Edited by cheddar on
07-07-2008 10:38 AM
Just goes to show kids, every BOA CLI story doesnt end with a happy ending LOL. Oh well. Congrats to you all.
