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How Inquiry Sensitive is BOA?

Regular Contributor

How Inquiry Sensitive is BOA?

I have no banking relationship with them, but am interested in beginning one with one of their credit cards (not sure which one yet).

 

Inquiries:  TU 11, EX 15, EQ 5 (all of them within the last 6 months)

 

FICO:  TU 727  EX 746  EQ 710

 

UTIL:  Roughly 8% of 105k open credit (AmEx, Synchrony, Chase, Capital One, Comenity)

 

NEG:  1 Charge off only on my Equifax report (falling off August 2015)

 

INCOME:  85k

 

 

After going through as many posts as possible, it looks like BOA might be "iffy" when it comes to Inquiries (?)  Are there any other peculiar nuances about this bank that I should know about before even applying with them (or maybe not applying at all)?

 

 

 

 

Starting FICOs: (Oct. 2014): 560s-620s
Current FICOs: (June 2015): EQ 709 TU 717 EXP 727
Utilization:12% Total Credit Line Available: $153,950
AmEx PRG & ED, Capital One QS & Prestige & Venture, MACU Visa, CITI Prestige, BOA 123 & BOA Alaska Airlines, Barclay Apple Rewards, Care Credit, eBates, BP Visa
32 REPLIES
Valued Contributor

Re: How Inquiry Sensitive is BOA?

I had zero previous relationship with BOA. Had 5 TU, 10 EQ, and 11 EX hard inquiries within the last month. All my scores in the low 700s. Way more baddies than you. And my income is slightly lower than yours and was instantly approved for $5000. 

| Gardening goal: Jun 2016 Baby Steps | Sep 2015 scores EQ 639 TU 678 EX 653 | In the garden since 7/24/15 | Util 21% |
Regular Contributor

Re: How Inquiry Sensitive is BOA?


Vivacious10 wrote:

I had zero previous relationship with BOA. Had 5 TU, 10 EQ, and 11 EX hard inquiries within the last month. All my scores in the low 700s. Way more baddies than you. And my income is slightly lower than yours and was instantly approved for $5000. 


That is reassuring!  Which product did you apply for, and did you receive an instant approval?

Starting FICOs: (Oct. 2014): 560s-620s
Current FICOs: (June 2015): EQ 709 TU 717 EXP 727
Utilization:12% Total Credit Line Available: $153,950
AmEx PRG & ED, Capital One QS & Prestige & Venture, MACU Visa, CITI Prestige, BOA 123 & BOA Alaska Airlines, Barclay Apple Rewards, Care Credit, eBates, BP Visa
Valued Contributor

Re: How Inquiry Sensitive is BOA?

The BOA cash rewards. Yes. I applied online and was approved within 60 seconds.

| Gardening goal: Jun 2016 Baby Steps | Sep 2015 scores EQ 639 TU 678 EX 653 | In the garden since 7/24/15 | Util 21% |
Regular Contributor

Re: How Inquiry Sensitive is BOA?


Vivacious10 wrote:

The BOA cash rewards. Yes. I applied online and was approved within 60 seconds.


Thanks for the info!  It definitely helps me make a more informed decision! Smiley Happy

Starting FICOs: (Oct. 2014): 560s-620s
Current FICOs: (June 2015): EQ 709 TU 717 EXP 727
Utilization:12% Total Credit Line Available: $153,950
AmEx PRG & ED, Capital One QS & Prestige & Venture, MACU Visa, CITI Prestige, BOA 123 & BOA Alaska Airlines, Barclay Apple Rewards, Care Credit, eBates, BP Visa
Senior Contributor

Re: How Inquiry Sensitive is BOA?


nmuKev wrote:

Vivacious10 wrote:

The BOA cash rewards. Yes. I applied online and was approved within 60 seconds.


Thanks for the info!  It definitely helps me make a more informed decision! Smiley Happy


Worse case scenario (if denied) and if your profile support it, you can always ask for a reconsideration.  They typically pull TU or EX.

Valued Contributor

Re: How Inquiry Sensitive is BOA?

I don't think they are at all.  I get emails, letters, etc. from them all the time.  I bank with them but since my Nov app spree, I just don't want to get another card right now.  Only gardening for me.  Go for it!


FICOS: EQ-812 TU-811 EX-818 Goal - 840-850 Across The Board
Total Credit Lines - 506K Gardening....
"I am the master of my fate and the captain of my destiny" Nelson Mandela
Regular Contributor

Re: How Inquiry Sensitive is BOA?


Sandibeach22 wrote:

I don't think they are at all.  I get emails, letters, etc. from them all the time.  I bank with them but since my Nov app spree, I just don't want to get another card right now.  Only gardening for me.  Go for it!


You guys are certainly tempting me!  If I do recon, I hope they aren't as mean as the Barclay's analysts :/

Starting FICOs: (Oct. 2014): 560s-620s
Current FICOs: (June 2015): EQ 709 TU 717 EXP 727
Utilization:12% Total Credit Line Available: $153,950
AmEx PRG & ED, Capital One QS & Prestige & Venture, MACU Visa, CITI Prestige, BOA 123 & BOA Alaska Airlines, Barclay Apple Rewards, Care Credit, eBates, BP Visa
Moderator

Re: How Inquiry Sensitive is BOA?

BoA has never been inq sensitive for me. They did raise a concern about new accts once on a reconsideration call but they still approved me. I would say Citi and Comenity are the most sensitive to inquiries than the others.
Regular Contributor

Re: How Inquiry Sensitive is BOA?


B335is wrote:
BoA has never been inq sensitive for me. They did raise a concern about new accts once on a reconsideration call but they still approved me. I would say Citi and Comenity are the most sensitive to inquiries than the others.

Good to know.  And, I agree with the last part... especially citi!  Any BOA product you'd highly recommend? 

 

Starting FICOs: (Oct. 2014): 560s-620s
Current FICOs: (June 2015): EQ 709 TU 717 EXP 727
Utilization:12% Total Credit Line Available: $153,950
AmEx PRG & ED, Capital One QS & Prestige & Venture, MACU Visa, CITI Prestige, BOA 123 & BOA Alaska Airlines, Barclay Apple Rewards, Care Credit, eBates, BP Visa