What is the BankAmericard credit limit?

No, a Bank of America credit limit increase will not result in a soft pull, unless the bank raised your credit limit automatically. Therefore, if you request a credit limit increase, this will result in a hard pull, which will temporarily drop your credit score by a few points. By comparison, an automatic credit limit increase will only result in a soft pull, which will have no effect on your ... read full answercredit score.

It is worth noting that Bank of America only gives automatic credit line increases to select cardholders, depending on their creditworthiness. But you also have the option to apply for it yourself.

Here’s how you can request a Bank of America credit limit increase:

• Online: You can apply for a Bank of America credit limit increase by signing in to your online account. You’ll need to enroll in online banking if you haven’t already.
• By phone: You can also request a credit limit increase by calling customer service at (800) 421-2110.

You can request a credit limit increase anytime you want, but this doesn’t guarantee that it will be approved. So, unless there’s been a change in your financial circumstances, like a pay raise or a debt paid off, you’re unlikely to get one more than once a year.

You can request a BankAmericard® credit card credit limit increase online, through the Bank of America mobile app, or by calling customer service at (800) 732-9194. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Bank of America has on file. Bank of America will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.... read full answer

How To Get A BankAmericard credit card Credit Limit Increase Online

1. Log in to your online account or the Bank of America mobile app.
2. Choose the BankAmericard credit card card from the list of account options (if you have more than one Bank of America card).
3. Click "Information & Services," and then "Request a credit line increase."
4. Enter your total annual income and the amount of the increase you want. Click "Review my request."
5. Confirm the information entered and click "Submit Request" to complete the request.
6. You should receive a decision in just a few seconds. If you're approved for a BankAmericard credit card credit limit increase, the new limit is effective immediately.

Impact of A BankAmericard credit card Credit Limit Increase on Your Credit Score

When you request a BankAmericard credit card credit limit increase, Bank of America will conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. Bank of America cannot do a hard pull without your permission, though.

Alternatively, you could be eligible for a BankAmericard credit card credit limit increase without even requesting one. The BankAmericard credit card card may offer an automatic credit limit increase if Bank of America's regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.

Your Bank of America credit card limit will vary based on your creditworthiness. The lowest credit limit Bank of America would approve a card for is $200, which is the minimum deposit requirement for the BankAmericard® Secured Credit Card. Other Bank of America credit limits could start out much higher. The Bank of America® Premium Rewards® credit card, for instance, offers a $1,500 minimum credit limit for approved applicants.... read full answer

Generally, cardholders with at least good credit have a better chance at receiving higher credit limits. Your actual credit limit will be determined based on your creditworthiness and income, among other factors. The higher your credit score is, and the more income you have relative to your debt, the higher you can expect your Bank of America credit limit to be.

Here’s how you can get a Bank of America credit limit increase:

• Get an automatic credit limit increase. If you're unsatisfied with your initial Bank of America credit card limit, you may get a higher one later on. Bank of America periodically reviews accounts for an automatic credit limit increase. These reviews typically occur after you've had the card for at least six months. Automatic increases are not guaranteed, however. How much of an increase you'd receive depends on your payment history, existing debt, and other factors.
• Request a credit limit increase. You can also request a Bank of America credit limit increase through your online account or by calling the number on the back of your card. Your chances of getting a credit limit increase will be best if you've paid your credit card bills on time and in full during the last six months.It's also a good idea to update your income information, especially if it has increased since you first received your card.

Ultimately, it is worth noting that when you request a credit limit increase, Bank of America may ask to do a hard pull of your credit. This may cause your score to drop a bit in the short term. By comparison, an automatic credit limit increase will only result in a soft pull, which will have no effect on your credit score.