WalletHub, Financial Company
@WalletHub
Yes, you get a Bank of America credit limit increase with a soft pull on your credit.
It is worth noting that Bank of America doesn’t give automatic credit line increases, so you will have to apply for it.
You can request a credit limit increase every six months. But, 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.
A soft credit check will be listed on your full credit report, but it won’t have any effect on your credit score.
Phil Mango, Member
@phil_mango
Unfortunately, they're gonna be hard inquiries, since they don't automatically increase your credit.
Usually, lenders will do a soft pull only when they decide to increase the limit on their own.
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