BofA automatic limit increase after ITIN added 1/2 year later
Had the secured Travel Rewards Card with 500 USD security opened seven months ago. Added the ITIN last week at branch and today surprisingly got an automatic limit increase to….. 700 USD with no additional deposit required 🤣 Still there is the 500 USD deposit (the banker said it usually takes a year to release the deposit and changes from secured to unsecured) Congratulations! Your credit limit has been increased. Because you've managed your credit wisely, the credit line on your account ending in xxx is being increased. What you need to know - Your total credit line has increased from $500.00 to $700. - Your cash credit line is $200. - Your account number is staying the same, so you can continue to use your current card(s). - There's no additional security deposit needed. - We'll periodically review your account and, based on your overall credit history (including your account with us and other credit cards and loans), you may qualify to have your security deposit returned. Not all customers will qualify.