bofa missed a payment

[Jccflat]

so I got a a Bank of America card 8k a months ago with having a bankruptcy from 2014 on my file and I included them

and I tried a few times asking for cli  increase but  every time  i get a letter saying that they want to see 12 months of the account use I missed a payment by four days last week with them since I thought I have the auto pay on called them, and they gave you back a refund for the late payment fee

now will this affect my credit with Bank of America for the credit line increase in the future?

[OmarGB9]

It won't affect your credit report, but it'll definitely affect your internal standing at BoA, yes, which in turn probably means no CLI will be granted for a while. 

[coldfusion]

---

@Jccflat wrote:

so I got a a Bank of America card 8k a months ago with having a bankruptcy from 2014 on my file and I included them

and I tried a few times asking for cli  increase but  every time  i get a letter saying that they want to see 12 months of the account use I missed a payment by four days last week with them since I thought I have the auto pay on called them, and they gave you back a refund for the late payment fee

now will this affect my credit with Bank of America for the credit line increase in the future?

---

^^^ This.

It isn't unusual for BoA to waive or refund the 1st instance of a late payment fee upon request but having the late payment in itself can set you back on the CLI track for a while.     Also, depending on which card you have there may or may not be an penalty APR clause on new purchases in your Terms & Conditions so you may want to doublecheck.   BoA typically uses a 29.99% penalty APR on new purchases if it exists on a given card and there is a late payment, and the duration can either be spelled out for a specific amount of time or can be indeterminate, in which case its removal would be based upon future payment history. 

[Namaste7]

---

@Jccflat wrote:

so I got a a Bank of America card 8k a months ago with having a bankruptcy from 2014 on my file and I included them

and I tried a few times asking for cli  increase but  every time  i get a letter saying that they want to see 12 months of the account use I missed a payment by four days last week with them since I thought I have the auto pay on called them, and they gave you back a refund for the late payment fee

now will this affect my credit with Bank of America for the credit line increase in the future?

---

IMHO, the combination of a missed payment on a new account, coupled with multiple CLI requests and new accounts, could be deemed as high-risk. It might be wise to delay CLI requests until you re-establish 12 months of on-time payments (and your new account activity is below 4/24). FYI: if you have a banking relationship with BofA, it is possible to use the Transfer page to move money from your cash account to your CC; normally, BofA will credit the payment on the same day. 

BofA is one of the most accodomating banks when it comes to growing with your profile. There is no need to rush CLIs that could trigger an account review and closure, due your recent history being deemed as high-risk, credit seeking behavior. 

[coreyb80]

---

@Namaste7 wrote:

---

@Jccflat wrote:

so I got a a Bank of America card 8k a months ago with having a bankruptcy from 2014 on my file and I included them

and I tried a few times asking for cli  increase but  every time  i get a letter saying that they want to see 12 months of the account use I missed a payment by four days last week with them since I thought I have the auto pay on called them, and they gave you back a refund for the late payment fee

now will this affect my credit with Bank of America for the credit line increase in the future?

---

IMHO, the combination of a missed payment on a new account, coupled with multiple CLI requests and new accounts, could be deemed as high-risk. It might be wise to delay CLI requests until you re-establish 12 months of on-time payments (and your new account activity is below 4/24). FYI: if you have a banking relationship with BofA, it is possible to use the Transfer page to move money from your cash account to your CC; normally, BofA will credit the payment on the same day. 

BofA is one of the most accodomating banks when it comes to growing with your profile. There is no need to rush CLIs that could trigger an account review and closure, due your recent history being deemed as high-risk, credit seeking behavior. 

---

Great advice!  I just learned this recently as I had been using their bill pay service from my checking with them to pay my CC with them.  Now I just transfer and it's instant.