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Bank Of America Credit Line Increase on Crack Archived From: Finance

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alert mods    
   posted: Oct. 31, 2007 @ 8:30a

I received an email upgrading one of my cards from a 15k limit to a 30k limit. I logged into my account and clicked on my other two BOA accounts to increase them to 30k and it accepted. I'm not sure if it will be on crack for everyone but it is worth a try as there is no inquiry made.


*** Update ***

I just logged back into my account and looked at the limits and the one that I got the initial email for stating my line had been increased to 30,000 is now at 22,600 (the other accounts remain at 30k now) for no apparent reason. I'm confused and I sent an email asking BOA why they sent me an email false advertising a higher credit limit than what I really had so we shall see what they say.


   posted: Oct. 31, 2007 @ 8:30a

PLEASE LIST RESULTS USING THE FOLLOWING FORMAT:

ORIGINAL LIMIT / BALANCE / RESPONSE TIME NOTICE / CL REQUESTED / CL GRANTED


1-20-09
15,200 / 0 / INSTANT / LEFT BLANK / 18,300

1st week of January 2009 (~32k in credit out w/ other issuers of about 70k total)
7,500 / 0 / 48 hours / 25,000 / 15,000

Dec 30th
8,0000 / 5,000 / Instant / 30,000 / 15,000

$22,600 / $790 / 48 hours / $32,000 / $32,000 (Schwab)
$15,900 / 0 / Instant / $22,500 / $22,500 (BOA brand card)
$24,000 / 0 / Instant / $34,000 / $34,000 (BOA brand card)

$500/0/Instant/$8000/$800 - 1st card
$500/0/Instant/$10000/$800 - 2nd card, and I have 750 across the board for Ficos

$13,000 / $0 / Instant / $25,000 / $22,100

39,700/0/instant/50,000/47,000
5,000/0/next day/10,000/10,000 Note: new card received this week

$2500 / 1800 / 5-7 days (responded by phone in 1 hour) / $4,000 / denied

$2500 / 1800 / 5-7 days (responded by phone in 1 hour) / $5,000 / $10,000

$25,000 / ? / next business day / $49,000 / $49,000

$55,000 / $19,000 at 0% / next business day / $75,000 / $75,000

$5,000 / ? / 5-7 days / $10,000 / $5000 (denied)

$15,000 / $8,000 / instant / $24,000 / $24,000

$12,300 / ? / 5-7 days / $20,000 / ?

$3800 / ? / instant/ 15,000/ 6,900

$13,600 / ? / instant / 24,000 / 24,000

$12,600 / $0 / instant/ $20,000/ $20,000

$7,000 / $0 / instant/ $15,000/ $11,600

$5,000 / $0 / instant/ $10,000/ $10,000

$8500 / ? / next biz day/ $12,000/ $12,000 - no pull

$3,800 / $0 / instant/ $10,000/ $6,900

$35,500 / $0 / 5-7 days/ $50,000/ ?

$30,000 / ? / next business day / $40,000 / $40,000

$15,000/ 0 / instant/ $20,000 / $20,000

12500 / 1000 / 5-7 /20000 / ?

$5,500 / ? / instant/ $8,500/ $8,500

$17,600 / $300 / instant / $24,900 MBNA Jets, only card out of 5 that has CLI option.

$3,100 / $0 / next business day / $10,000 / $10,000

$100 / $0 / 5-7 / blank / ?

$30,000 / $0 / Instant / $50,000 / $43,100

$10,000 / $2,000 / Instant / $30,000 / $17,100

$10,000 / $0 / 5-7 / $30,000

$3000 / $0/ Instant / $10000 / $4100

$5000 / $2800 / Instant / Left Blank / $6000

$9,000 / $230 / Instant / $15,000 / $15,000

$24,300/ $24,211 (0% APR) / 5-7 / 50,000 / 24,300 (LETTER REPLIED WITH NO INCREASE AFTER SOFT/HARD? EXPERIAN CHECK)

$35,000/ 0 / instant/ $45,000 / $45,000

$14000/instant/24000/21000
$25000/instant/30000/30000

$18,000 / $1,500 / Instant / $25,000 / $25,000

$11,100 / $0 / Instant / Left Blank / $13,400

$500 / $0 / Next Business Day / $10,000 / $10,000

$15,000 / $0 / Instant / $30,000 / $26,100

9,000 / 0 /instant / 15,000 / 15,000

2,000 / 0 /instant / 5,000 / 5,000

2,000 / 0 /instant / 6,000 / 6,000

9,500 / 0 / instant / 30,000 / 17,100

$37,000 / $35,000 / instant / $45,000 / $45,000

$500 / 0 / instant / 10,000 / $800
$500 / 0 / instant / 5,000 / $800
$500 / 0 / 1 day / $2500 / ???

$5000 / $260 / instant / $12000 / $9100 (have had account <1 mo., only card with BofA)

$3600/ 0 / instant / $5000 / $5000

5000 / 0 / instant / 10,000 / 10,000

$9,000 / $0 / instant / $20,000 / $16,100
$13,000 / $2.50 / instant / $20,000 / $18,100

$1,000/$0/instant/$5,000/$1,300
$5,000/$0/instant/$8,000/$8,000

$12k / $0 / 5-7days / $17k / ?

$8k / $0 / instant / $15k / $15k

$4.4k / $0 / instant / $10K / $5.5K
$9.7K / 7K / 5-7 days aka denied / $20k / ?

Both above same person.


$3000 / $20 / instant/ $10k / $4.1k

$2.5k / $2499.99 / 5-7 / $10k / ?

$8000 / $0 / instant / $15000 / $15000
5k / 1900 / 5-7 days / 10k / $7500

$9,000 / $465 / Instant / $20,000 / $16,100

$22k / $19k / Instant / $30k / $30k
$13k / $0 / Instant / $30k / $23k

$30k / $4.5k / Instant / $50,000 / $43,100

$30.6K / $27K / 5-7 / $45K / ?

2500 / -1900 / Instant / 10000 / 4600

$14,800 / $13,700 / Instant / $31,000 / $23,900

$12700 / 0 / Instant /$20000 / $20000

$6000 / $2000 / Instant / $30000 / $10100 BofA
$11500 / $10000 / Instant / $30000 / $18600 BofA
$11300 / $10000 / 1 day / $30000 / $20000 FIA
$6000 / $0 / 5-7 days / $30000 / ? FIA

$5000 / $27 / 1 day / left blank / $7500 (BRAND NEW ACCOUNT, got the card 10 days ago)

$33,500 / $26,000 / instant / $50,000 / $41,600 - 1st card, 5 months old
$500 / $0 / instant / $5,000 / $800 - 2nd card, 12 months old
$1000 / $0 / 5-7 days / left blank / $32,600 - 3rd Card - verified income/assets with credit analyst
in summary, went from $35K to $75K of CL

$5,000 / $0 / Instant / $20,000 / $9,100 - BOA NEA Worldpoints Visa
$5,000 / $0 / 1-day / $10,000 / $10,000 - BOA Accolades AMEX
$33,000 / $16,000 / Instant / $45,000 / $41,000 - BOA Plat Plus M/C
$10,000/ $0 / 1-day / $15,000 / $15,000 - 2nd CLI request for card #2, "in the name of science"
In summary, total CL went from 43K to 65.1K

$4300 / $0 / 1 day / $10,000 / $10,000 (Nov 3)

$5,500 / $0, $40,000 on other BofA card / 1 day / $24,000 / $15,500, but increase was pulled from another BofA card
$11,000/$9550/1 day/$20,000/$15,000
$24,000/$700/Instant/$35,000/$28,100
$25,000 / $500 / Instant / $49,000 / $38,100
59k | 53k | 5-7d | blank | denied
22500 / 0 / Instant / 30000 / 30000
$7,500 / $4000 / Instant / $22,000 / $13,600
$7500/ $0/ Instant/ $11,000/ $11,000
$20,100 / 0 / Instant / $50,000 / $38,000
$1,000 / 0 / Instant / blank / $1,200
$24,200 / $181 / Instant / $34,000 / 34,000 - BOA Alaska Airlines Platinum Plus Visa
$12,000 / 0 / Instant / $17,000 / $17,000 - BOA World Mastercard
$4000/0/Instant/$10,000/$10,000 - BOA Platinum Visa

15900/0/Instant/30000/26900 (Feb 11)
5000/0/Instant/12000/12000
4100/0/Instant/10000/7200
1000/0/Instant/10000/1500
2000/0/Instant/10000/5100

20600/0/Instant/30000/30000 - 31% (3.7.08) - BOA
11100/0/Instant/25000/25000 - 56% (3.7.08) - FIA

15500/0/Instant/30000/26600 (June 17)

12000/2000/Instant/25000/21100 (June 26) - FIA

10500/0/Ins/18000/18000
11700/400/Ins/25000/20800 (July 7th)
11500 / 0 / 1 day / Blank / 20000 (July 7th)

3500/500/instant/5000/5000(10/06/2008)
1000/60/instant/5000/1300(10/06/2008)

ORIGINAL LIMIT / BALANCE / RESPONSE TIME NOTICE / CL REQUESTED / CL GRANTED

Message edited by: luiset83 on 2009-02-09 20:51:38 CST
alert mods    
   posted: Oct. 31, 2007 @ 8:44a

From the CLI request page (emphasis mine):

____
In factoring our decision for a credit line increase on a personal account, your account performance and credit status will be reviewed. This request will not result in an inquiry to your credit report unless you are notified that it is required, and the decision will not have any impact on your credit history.

To request an increased line of credit, complete the form and click the "Request Credit Line Increase" button. By clicking the "Request Credit Line Increase" button, you authorize Bank of America to review your credit and employment histories and any other information in order to process this application, service your account and manage our relationship with you.
___

I have a line of ~$70K created by consolidating three cards. Card is the Accolades AMEX. I requested an increase to $75K just to see what would happen and got a "we'll let you know later" message.


alert mods    
   posted: Oct. 31, 2007 @ 8:54a

Did the increase show up instantly, or did they say "wait 1 day for review" , or something else?

I got a "we will review within 1 day" message.

Im only worried about involuntary reallocation from other MBNA/BofA cards. In the past, I think BofA has reduced CLs from other MBNA cards to increase the others


alert mods    
   posted: Oct. 31, 2007 @ 8:56a

Have current CL of 55K, requested 75K and rec'd the following message:

"Your request has been submitted. A decision will be made within the next business day. If approved, your new credit line will be presented on the Account Details page and be available for immediate use. If we are unable to approve your request, you will receive notification in writing within 5 to 7 business days."

We'll see what happens. At least no inquiry req'd, so worth a shot. Thanks OP.


alert mods    
   posted: Oct. 31, 2007 @ 9:15a

marketingmike said:From the CLI request page (emphasis mine):

____
In factoring our decision for a credit line increase on a personal account, your account performance and credit status will be reviewed. This request will not result in an inquiry to your credit report unless you are notified that it is required, and the decision will not have any impact on your credit history.

To request an increased line of credit, complete the form and click the "Request Credit Line Increase" button. By clicking the "Request Credit Line Increase" button, you authorize Bank of America to review your credit and employment histories and any other information in order to process this application, service your account and manage our relationship with you.
___

I have a line of ~$70K created by consolidating three cards. Card is the Accolades AMEX. I requested an increase to $75K just to see what would happen and got a "we'll let you know later" message.

I get that on both my FIA/BoA and Accolades card. I still don't get how you know if you will get hit with a hard. Seems double speak to me. Not sure if it's worth trying, Might have hit the wall on the FIA, CL is $127k now but just just finished paying off my big cash advance. Has anybody tried consolidating from a BoA/FIA card to the BoA AM3X Accolades card?


alert mods    
   posted: Oct. 31, 2007 @ 9:16a

Currently: 12,300 on U of Iowa card (just consolidated 2 cards)
Requested: 20,000

"Wait 5-7 days," but no inquiry. We'll see what happens. This would be nice right before my approaching 2nd AOR...


alert mods    
   posted: Oct. 31, 2007 @ 9:20a

Went from $600 to $1100 on one card (requested $10,000), $23,000 to $27,000 on another card (requested $27,000).

Thanks OP!

Edit: Tried to go from $27,000 to $35,000, and got the 5-7 day notice. Other increases have already shown up online.


alert mods    
   posted: Oct. 31, 2007 @ 9:22a

(update) Just rec'd call from BOA. In order to increase my CL from 55K to 75K, they need me to fax over proof of savings, CD's and liquid investments that total 400K or more (that seems to be their minimum req).


alert mods    
   posted: Oct. 31, 2007 @ 9:31a

OK we seem to be getting a couple different responses:

1. Instant Decision
2. Next business day decision
3. 5-7 day decision.


alert mods    
   posted: Oct. 31, 2007 @ 9:31a

I've requested a CL increase a few times from BOA and never gotten anything. No denial, no increase, nothing. It's just like nothing ever happened. I've also sent in the online request to get set up with a premier rep a couple times and haven't heard a single thing. Anyone else have this happen? I'm using firefox with NoScript. I don't see why that would make any difference, but maybe it is mangling the form submission or something.


alert mods    
   posted: Oct. 31, 2007 @ 9:34a

Thanks OP!

BOA
Card 1 went from 23,000 to 30,000 - requested 30k
Card 2 went from 7,100 to 13,700 - requested 22k
Card 3 has a 100 limit and no option for an online increase

FIA (Regions)
1 card went from 20,800 to 30,000 - requested 30k

Total went from 51,000 to 73,800 all instant approvals.


alert mods    
   posted: Oct. 31, 2007 @ 9:35a

Congratulations! Your credit line increase request has been approved. Your new credit line of $800.00 is now available for purchases, cash, access checks, and balance transfers.


yay!


alert mods    
   posted: Oct. 31, 2007 @ 9:38a

it seems 30-40% CLI increases are being approved, 100% or more CLI increases either not fully granted or get the "wait" message


alert mods    
   posted: Oct. 31, 2007 @ 9:39a

I got a 1 day review, 5-7 days to be mailed the rejection letter if they can't approve it.

BoA/FIA aren't the clueless "crack" dealers like Am.Ex. One time I hit the CLI pretty hard over a few months.

FIA called me up, asked how I was doing, what I wanted to do with the credit, and why my income had changed in only three weeks (put new promotion on the income line). They knew every single request I had made.

I don't think they're going to let most people jump 5 cards at once like Am.Ex and I think they are too smart to let you get a CLI, transfer it to another card, and CLI again.

That being said, they just refused my last CLIs, they didn't take adverse action.


alert mods    
   posted: Oct. 31, 2007 @ 9:43a

Yesterday, I got an email informing me my CL had been "increased" to $23.5k. But it was already at 23.5k, so there was no change.

I tried it on a $500 CL card, left the amount requested blank, and got the 5-7 days message.

My theory is that the BofA CL page is not on crack, but it operating like it usually does.


alert mods    
   posted: Oct. 31, 2007 @ 9:45a

SUCKISSTAPLES said:it seems 30-40% CLI increases are being approved, 100% or more CLI increases either not fully granted or get the "wait" message

I requested a $50,000 increase on a line that had a $500 limit. They increased it to $800. It's a card I reallocated credit away from so I thought I'd try increasing the CL on it and then reallocating to the card I use again. It's not a strategy I'd suggest anyone else try based on my results.


alert mods    
   posted: Oct. 31, 2007 @ 9:55a

Similar to Brushwood, had another card with $500 CL left over after consolidating (several weeks ago). Requested $25K, got $800 immediately.


alert mods    
   posted: Oct. 31, 2007 @ 9:56a

My apologies if it's not quite on crack like AMEX. They both appeared instantly on the site for me. The one great thing is that they don't do an inquiry so there is no downside!


alert mods    
   posted: Oct. 31, 2007 @ 9:59a

superdrew said:My apologies if it's not quite on crack like AMEX. They both appeared instantly on the site for me. The one great thing is that they don't do an inquiry so there is no downside!

Until the FIA associated calls you up and said, "we did a manual review of your account because you requested $100,000 in increases over 4 cards...your debt is too high for your income as it is....we've decided to close 2 of your accounts and lower then other two to $1,000 each..."

Oh wait, this is FIA and not Chase.

The risk is still there that you'll wake the sleeping tiger.


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