Someone please help!!

[Lyythine]

I could understand this, if It werent for the fact that I have their accelerated amex card with over a 30k limit (combined 2 cards) and run about 10-15k a month through it for both business and personal expenses.... I didnt mention that at first, so my bad, but they are definitely making their transaction money off me.  I also sometimes do leave a balance on the amex card (the statement date doesnt always fall when I need it to) and although I own the company, I dont handle the finances, so I wait for the accountant to do payroll, expenses, etc: then pay off the portion that is busines related.  So on those months they also make their finance charges.

[MsKiwi]

---

@MattH wrote:

---

@Lyythine wrote:

hahaha.... congrats on the bump to 10k!  Im laughing cause I just called yesterday to ask for a credit limit increase on my now 9month old bankamericard, which I have never charged more than about 500 to the 5k line i have with them and of course, pif every month.  Scores over 800 almost across the board (havent checked in 2 months, so cant be sure) and about 150-200k in available credit and more than that in annual income.  

Response.  DENIED....  Thank you BofA.  Not that I needed it, it just kinda made me laugh, gave no reason as to why, just said we cannot grant you an increase at this time.  When I asked if there was any problem, she stated "no, in fact, your credit reports are great- unfortunately, thats the most we can offer you at this time."  Also keep in mind I have about 10x that amount in CD's with them alone, not to mention accounts I have with other banks.

So, like has been said and will continually be proved.  BofA is nuts.  Sometimes showing signs of bipolar disorder with a sprinkling of ADHD.

Congrats to you, however, and OP - sorry to hear about your AA 

---

Perhaps the fact that you've never charged more than about 500 bucks and PIF is why they won't raise your limit: they don't get any interest from you, they don't get late fees from you, so they only money they make off your account would be transaction fees but you don't run much activity through the account.  From their perspective, you are indeed low risk but how would they benefit by increasing your credit line?  For credit increase decisions big banks use multiple scoring models, not only risk scores such as FICO scores but also in-house behavioral scores that predict whether raising your limit is likely to yield any new business for them.  You might try putting more transactions on that card for six months and then ask again for a credit increase.

My wife and I also PIF every month, and we never run the utilization high enough to alarm the banks, but since we rarely buy stuff with cash we run quite a bit of purchases through our cards.  I try to spread the activity around so that every card gets a substantial amount of activity every month.

---

+1