When Does Bank Of America Give a Credit Limit Increase?
Author: DavidPalmer
Posted: Fri Jul 14, 2006 11:19 am
Post subject: question about BofA automatic 9 month CL increase
ive read on many places, one which being this forum, that after 9 months of having an account open with BofA, they will automatically give you a CL increase. Well, i got the student card from them back in mid-sept and it is now mid-july and ive yet to get my automatic CL increase. Ive been on time with every payment paying in full every month except 1 and ive not gone over the CL, so is there an explanation for why ive yet to get my CL increase. Should i wait another month and see what happens or call them to find out
Author: fenster
Posted: Fri Jul 14, 2006 11:33 am
Post subject:
You're misinformed, BofA never implements automatic CLIs, you've to ask for 'em.
Go online, look for the link "request a limit increase", it'll let you know right there and then if you get it. Ususally they'll do a soft inquiry for CLIs, but sometimes they ask your permission to do a hard inquiry before instating an increase.
author: guessindigo
Posted: Fri Jul 14, 2006 11:49 am
Post subject: When Does Bank Of America Give a Credit Limit Increase?
Thats not entirely accurate fenster. There are some rare instances when bofa will auto increase your credit limit. However, your right, the general rule is that you need to call and ask for one, or use the CLI link on the website.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Fri Jul 14, 2006 11:19 am
Post subject: question about BofA automatic 9 month CL increase
ive read on many places, one which being this forum, that after 9 months of having an account open with BofA, they will automatically give you a CL increase. Well, i got the student card from them back in mid-sept and it is now mid-july and ive yet to get my automatic CL increase. Ive been on time with every payment paying in full every month except 1 and ive not gone over the CL, so is there an explanation for why ive yet to get my CL increase. Should i wait another month and see what happens or call them to find out
Author: fenster
Posted: Fri Jul 14, 2006 11:33 am
Post subject:
You're misinformed, BofA never implements automatic CLIs, you've to ask for 'em.
Go online, look for the link "request a limit increase", it'll let you know right there and then if you get it. Ususally they'll do a soft inquiry for CLIs, but sometimes they ask your permission to do a hard inquiry before instating an increase.
author: guessindigo
Posted: Fri Jul 14, 2006 11:49 am
Post subject: When Does Bank Of America Give a Credit Limit Increase?
Thats not entirely accurate fenster. There are some rare instances when bofa will auto increase your credit limit. However, your right, the general rule is that you need to call and ask for one, or use the CLI link on the website.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 2:19 PM
0 Comments:
Post a Comment
<< Home