Those who bank with BOA - are you getting CLD as well?

[tonsers]

I keep reading about all the decreases from BOA.  Don't know if I'm just lucky (so far) or if my CLD is coming soon. 

I have two CCs from BOA - one with a $20K limit and one with a $18,100 limit.  I have multiple checking and savings accounts through them... is it possible that I'm being treated differently because of these accounts???

[Anonymous]

Doubtful. You're probably just lucky so far. DW and I have three BOA cards with decent CLs and have received one CLD so far.

There have been other reports where BOA has actual mentioned checking account balance as a reason for a CLD.

BOA needs to trim something in the neighborhood of $500 billion in CLs, and they won't get there if they bypass all the CCs of their banking customers ...

[nicemann]

Well I've got 5 credit cards with BoA

Americard - $15,000 CL - No decrease

Accel Rewards AMEX - $5,000 CL

Regular AMEX - $1,000 CL

Rewards Visa - $3,500 CL

GMAC Mastercard - Was $1,000 they cut it in half two months ago, now $500

Now sure why they did anything with my Mastercard but I'm not going to call and yell over $500.  I am just glad they haven't touched my Americard.  I use that card for my everyday purchases (PIF every Friday).  The other ones just have a monthly charge going to them to keep them active, ie. Netflix, CCT, SW, etc.  None of my cards have balances on them.  

Hopefully I didn't just jinx myself.

BTW I do have a checking, savings, and CD with BoA.

Message Edited by nicemann on 06-06-2009 01:12 PM

[Anonymous]

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@Anonymous wrote:

There have been other reports where BOA has actual mentioned checking account balance as a reason for a CLD.

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That's just crazy.Any excuse works i guess...

[Red1Blue]

Last week they CLD my BOA MC from $7100 to $1200 and FIA Amex Card from $7100 to $2100.

[Imua]

i've had my BofA visa for a year now... started with CL of $7400 and it's still the same, no CLD.

no banking accts with BofA

[KingAdrock]

For some CCCs, the lending department and banking are completely different. (WaMu was that way, for example) But with BofA this is not the case. Everytime I've talked to a CSR I've always been given the impression that banking with them makes a difference. I asked for a CLI at activation for my BofA Amex and the CSR specifically said "I see you've been a good banking customer with us, we appreciate your business.", and then raised my CL 150%.

Banking with them will not give you immunity from CLD, but I do believe it helps.

[nicemann]

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@KingAdrock wrote:

For some CCCs, the lending department and banking are completely different. (WaMu was that way, for example) But with BofA this is not the case. Everytime I've talked to a CSR I've always been given the impression that banking with them makes a difference. I asked for a CLI at activation for my BofA Amex and the CSR specifically said "I see you've been a good banking customer with us, we appreciate your business.", and then raised my CL 150%.

Banking with them will not give you immunity from CLD, but I do believe it helps.

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I agree 100%.  I started with a partical secured card $300 back in 200.  Now I have Over 25K CLs with them.  So they decreased one card by $500.  Still wouldn't trade them for any other bank out there.

[Anonymous]

Just call them and ask when you periodic CC review is. That's when you will get CLD.

[medicgrrl]

My parents bank with BofA, have their first mortgage, HELOC, checking, savings and each have a cc.  They have over 50% equity in the house, excellent credit, utilization of less than 1% and PIF monthly.  My mom's card was cut from around $23000 to $10,500.  They said she didn't need it since she doesn't use much of it.  They have no other outstanding debts so their DTI is good also.  I think they are just trying to cut back so that their books look better.  There really is no rhyme or reason to how they are making these decisions.