Starting Monday, Bank of America will stop doing a hard pull for credit limit increases and cash advance increases, according to a source familiar with changes at the company.
Until now, Bank of America has always said they were legally required to hard pull; they’ve now reconsidered that stance, apparently. Limited anecdotal evidence indicates the change may have already been implemented, but it’s said to become official on Monday.
In the past, credit reallocation among BofA cards sometimes resulted in a hard pull and sometimes did not. Presumably, once the change goes into effect there won’t be any hard pull for reallocation either, same as increase.
We’ll update the post Which Credit Card Companies Do A Hard Pull For A Credit Limit Increase?.
