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BofA just gave me another $5000 Cash Rewards Visa , then approved many CLI to $15,000. EXPERIAN score of 726By bunyan
I already had one $5000 Cash Rewards Visa with BofA and a $300 limit Signature Visa as well. The $300 Visa was open since 2007. The $5000 limit one has been open since 2011. I also have a $2500 Amazon store card since about 2011 and a Capital One Quicksilver Visa with an $800 limit, and a Capital One Platinum MasterCard with a $700 limit. Have had both of those since 2010. The $5000 BofA Cash Rewards card, Amazon Store Card, and both Capital One cards have all been as the limit since last summer. I never had any late payments. I have had my checking account with BofA since 2007. I also have a business account with BofA. No Money Market amounts or anything like that with them. My Experian score is 726 (That's who they pulled)
I was in the branch on Monday and the teller said I had a Credit Card offer. So I sat down with the representative, and had him put in an application for another Cash Rewards Visa with a $5000 limit. That was instantly approved and I got the credit card in the mail yesterday. So today I'm at work and decide to call in and do a balance transfer from my other cards to my new card. While I'm talking to the CSR I ask if he thinks I can get a CLI to 10 or 15 grand. He said he thinks I can and maybe they won't even do another inquiry since I just got this card yesterday. I said ok go for it. 15 grand. He doesn't get an immediate answer back and says I should hear something in the next 3 days. This was around 1PM today. I check my account at 4 and I see my limit is up to $15000 on my new card. Wooo hooo! The CSR also said that I can get a cash advance for up to my maximum credit line at 0% until April of 2016. Fees are 3%. He already had approved me for $4800 (Since my initial credit limit on the new card was only $5000) but said once I get my CLI just call him back and he can give me more.
I'll be calling him Friday! Lol I'm gonna put all my other card balances on here so I can get the 0%. They'll be paid off well before then.
I'm helping a friend with their credit report that includes an auto loan from Bank of America that shows a 30 day late from 2011 as well as a 30 day and 60 day from 2012. He has proof that he was not 30 days late in 2011 in the form of a cancelled check that he sent early for the month in question. He submitted a copy of the check in disputes about the 30 day late from 2011 to TransUnion and Equifax so far. After hearing back from TransUnion, he sent a 623 letter to BofA stating:
Their response was underwhelming and dated the same day their received my letter:
I also submitted a CPFB complaint:
To which I received the response:
To which I responded:
I'm planning to send a second letter to BofA that basically says how could you conduct an investigation in a single day and what possible grounds do you have to say you are reporting correctly when I supplied proof that I made my Month 2011 payment? Additionally I will include Equifax in the letter this time since I've heard back from Equifax now.
I’ve been getting ready to do some CLI’s and such, and have been compiling information on BofA - jotting down my own personal dealings (not feelings), combing through threads, sending PM’s, making phone calls to BofA CSR’s and having others try things in their phone dealings as well (thanks Uber).
I started to put together a repository of sorts and figured what the hell, I’ll just post it for everyone- present and future. Hopefully this can be a wiki-type post and people can add to or correct any of the below info.
This is an objective post, not subjective. I didn’t put this together as a “reason I <3 BofA” post, nor for someone to list a bad CSR experience. I also understand that in 2008-2010 BofA balance chased individuals. I cannot find any widespread evidence of that recently (within 4 years) happening. So please try to keep this as a what you can/can’t do post and leave feelings out of it.
Perhaps some info on how BofA treats BK's (how long since discharge is required for secured, how long since discharge is required for unsecured), how BofA treats people who burned them (do they blacklist) etc could be added.
BofA, Fidelity and Merrill all use the same underwriting and analyst departments.
According to the credit pulls database, BofA products pull from various CRA’s, even in the same state.
You can have multiple BofA products with little problem. If you already have any BofA/Fidelity/Merrill product and would like to apply for another product, you might want to do the application by phone. BofA is
notorious for taking credit line from one product in order to give you another product.
You cannot apply for two products with the same hard pull.
While Bob’s “Master Issuers who give Auto CLI’s” does list BofA and I have found several other examples, on the whole they do not appear to be common. A CLI will more than likely require a request. Some people get hard inquiries, some people get soft inquiries. So expect a hard.
Requested CLI’s have been granted in as little as 60 days since opening a trade line.
Requested CLI’s have been granted in as little as 60 days since the last CLI.
If you have more than one BofA/Fidelity/Merrill product and would like to request a CLI, you might want to do the request by phone. BofA is notorious for taking credit line from one product in order to increase your credit line on another product.
You cannot request CLI’s for two or more products on the same hard pull.
You cannot combine a new application for one product and a CLI for another existing product on the same hard pull. Doesn’t matter which one you try first. Maybe you get lucky and the CRA combines the pulls, but that is luck and not the doing of BofA.
With supporting income, BofA cards can have extremely high individual limits. I have seen reports of $100K.
I know there are a lot of you who have either 1 or more of these cards. I believe that basically, from what I can read, they all tie in to BofA. So to my understanding, they are all underwritten by BofA, correct? Also, I realize that they all have their different benefits, but can anyone chime in on which may be a "better" choice to apply for? I don't see where there is a banking/investment account requirement for the Merill+, is that correct?
Hi, wondering if anyone has a Current B of A Recon phone #. I have tried the ones here and have had NO LUCK! DW just got denied for a Better Balance Rewards Card after a $9k CLI on Plat Plus. Hoping to take advantage of the this, since it was a Pre Qual Offer.