How to request CL increase online at BoA???

DW just applied for CLI's on all 3 of her eligible BOA accounts, and 1 business MBNA card. BOA personal Worldpoints (formerly REWARDS), BOA biz credit express LOC, and one of 2 BOA biz credit cards. Requested increases $10.3K to $50K, $8K to $50K, and $25K to $50K respectively. On the MBNA biz card, requested $22.5K to $50K. Haven't pulled triple credit report until later tonight to see any hards, but she does know that there's a BOA/MBNA soft inquiry on her Experian report, so far. These are, of course, agressive increases, but you have all pointed out that they will automatically counter-offer and there should be some sort of increase in the end. We'll update you all when we find out anything else.

SCM

chocula said: mespin said: Ha. They bumped one of my cards from $9K to $20K (the amount I requested). I thought I was reaching. The card had $8,000 at 0% too. Maybe it's time to reallocate from my $13K card to create my first $25K+ credit line. And then CLI the other card.

What service do you use? Do you get FAKOS or FICOS? How much does it cost?

I am going to get a service, but am not sure which to use.
I use American Express Credit Secure. It's $11.99/mo and lets you pull all 3 credit reports each calendar day. It gives FAKOs (Experian PLUS Scores). I'm less interested in daily score monitoring. I really just want my reports, and maybe some bumpage if I'm lucky. I pull them every day.

You need an AMEX to use the service. You get a free 30-day trial, but you can't pull your report daily until the trial is over. I've heard that even if you cancel the trial and begin paying immediately, you still can't do daily pulls until the date your trial would have expired.

If you search for credit monitoring (if you haven't already), there are some threads comparing various services.

Thanks for the information Mespin. I am hoping to get one that pulls bureaus and scores (FICOS), but I may be dreaming. Most services I have found were a one-time score or were FAKOS.

I am more interested in my score than I am in a daily pull. I would be happy with a weekly/every 2 week pull and real scores.


I had a small BOA CC with a limit of like $3k (have had it for a long time), and never thought about getting an increase. Heck, I was not going to ask for an increase until I saw this post.

Anyway, I asked for $10k, and got it. Can I ask for 0% BT for life as well? LOL

Had a $5k MBNA card with ~$1800 utilization increased to $10k (Requested $15k)
Had a $10k BOA card with ~$4800 utilization increased to $15k (Requested $25k)

I was shooting for the moon with my requests. Maybe I should have waited till I paid everything down to $0.

Thanks OP. I've been looking for a CLI button on BOA since the merger.

The Online CLI increase button is back. I just used it for my formerly MBNA card and it worked with no credit pull.

So I was checking FatWallet and came across this thread.

I have a MBNA Visa Sig Card that is at 29k.

It has now moved over to BofA.

BofA gave me a card about 9 months ago and didn't check my credit so they started me out at 3.5k. I was not happy but it was free from them since I have been a customer with them, they apparently had been doing this alot lately.

Well I went online and requested 25k on this line, once I did that it said that they would make a decision in the next 24 hours, if no change then you will get a letter explaining why.

Checked this morning and tada 25k

I used the online link and doubled my limit from $5,000 to $10,000. I guess I should have asked for more.

Good think BoA doesn't do FR like AMEX. I couldn't believe they gave me that big of a bump.

Im going to pay down one of my bts with them before I try the CLI increases. Hopefully I get no more hards. I have too many these days > This is one of the better ways to improve credit scores because you can use the same BT offer but maintain a lower utilization. For example I have one card with them at 11K (owe 8K on a .99% offer) If I can get them to go to 15K or more the same 8K is now at 50%. BOA does offer some nice BT offers. They are aggressive.

Rob

diazfranco said: If you opened it by the end of last month, most probably the will reject your request. I've had my CC since march and they've rejected my request twice. The reason (according to the letter I received) is that I haven't had the account open for at least 9 months; so I guess I'll have to wait until December. And as far as requesting the CL increase online, I did it a couple of weeks ago for my MBNA and I did not have a problem; now that I tried to find it, it's not there anymore.

I said this a couple of weeks ago. Now the "CL increase request" link is back on my online banking. However, I decided not to request it online but on the phone. Luckily, they increased my CL from 1,500 to 5,500.

delzy said: Has anyone left the CLI Requested Box blank? The form says:

We will determine the highest credit line for which you qualify based on your credit standing and the information you provide. If you have a particular amount in mind, please enter that amount below.

Perhaps many are selling yourselves short.

Well, I decided to be the guinea pig and just attempted this (leaving that field blank). CL went from $5,800 to $7,000 with no hard pull.

Considering my mid 5 figure income and the other household income of $120,000 I entered I think I could have received more had I entered something like $10,000...but I guess we'll never know.

I tried the increase button on my existing BofA card and a recently transfered MBNA card a month ago. I didn't get an instant decision on both. A week later I recieved 5 or 6 individual pieces of mail from BofA. Each was a denial for CLI for 1 of my cards (by 1 I mean all the letters were about only 1 card, no reference to the other card at all). The letters each said the same thing, mentioning account being opened an insufficient amount of time and information from experian. Haven't checked if there is a hard inquiry from these yet.

If there is a hard inquiry I'll be upset because I read the language to indicate that there would be no inquiry. If there are 5 or 6 hard hits on my report I'll be furious. I didn't attempt more than one CLI on each account.

Senturon said: delzy said: Has anyone left the CLI Requested Box blank? The form says:

We will determine the highest credit line for which you qualify based on your credit standing and the information you provide. If you have a particular amount in mind, please enter that amount below.

Perhaps many are selling yourselves short.

Well, I decided to be the guinea pig and just attempted this (leaving that field blank). CL went from $5,800 to $7,000 with no hard pull.

Considering my mid 5 figure income and the other household income of $120,000 I entered I think I could have received more had I entered something like $10,000...but I guess we'll never know.

Was it an instant increase or did you have to wait for a review after leaving the new limit field blank?

SUCKISSTAPLES said: i asked for 30-50k lines on cards with limits about 10k but got only 25k each on 2 cards. guess thats their internal limit for me

I've been in a similar situation (getting much less than asked for on a big increase), but have been able to nickel and dime my way up by asking for $500 or $1,000 at a time, about once a week. So far, I've never been turned down on those small increases.

I tried the online CLI form last Thursday night around 11pm. I also left the requested amount blank. My existing line was 14,100 and I got the usually 5 day response.

On Friday, no change to my account. Disappointed that I did not get an increase, I was very happy that they did not do a decree (I have a 6,300 1% BT on it right now). Saturday and Sunday, no change.

At this point, I just thought nothing was going to happen. On Monday after work, I logged in to double check the date for my next statement closing (so I can schedule a payment). Lo and behold, I had a new CL. It is now at 20k even. That's a whole 42% increase! Sweet!

I did one CL increase on one of my cards BOA and they went to 30K from 22. Tried to get another card with a 14K balance raised. They gave me a hard inquiry. That really hurts me as I am in the planning stages of a App O Rama in a few months and I really did not want any hards.

Rob

BOA just lowered my credit limit to 5k from 8k. I had used the CLI button to get a bump from 4.5k originally. This was done a day after I was deferred for a BOA AMEX card I applied for. Bleh.

I had used the CLI button at BOA first time I went from 9,500 to 15,000. which happened the next day.
So I wanted to try and get it up to the same limits as some of my higher limits. So I went high at 35k and hoped for counter offer of say 25k or so. (this was in the same month) They still said no hard pull. But i received a letter in the mail saying it was pulled from Experian. Damn sh1tters. So in order to get back at them I applied for one of their new checking accounts for the sign-up bonus for my pain and suffering.

can u guys access your BOA cc online?...it disappeared from my list of accts a month back and i emailed them..they said they are having probs with their online system and fixing it but nothing has been fixed. Anyone in same boat...coz it sux. Is there a new login area?

BofA lets you put in your salary and other income when you request a CLI. Is there any advantage/disadvantage to combining or splitting the two? My wife and I make about 90k each. Usually on credit apps we just combine the two. Is it factored higher this way, or if it's split, or no difference?

If the CC company asks for income, it is definitely factored into the credit limit assigned to you. There is no advantage to putting in a lower income.

I'm a college student and I've requested an online CL increase a couple of times before they merged and it was always denied. However, a few months later, my card would automatically have its credit limit increased. It went from $500 originally to $1000 and now is at $1500.