BOA Approval

[Caldric]

Last year I applied with BOA and think they offered me a secured card 500 dollars for 99 deposit one. I declined it but today I applied for the BOA Cash Rewards and they approved with 1000 SL. Was really low but most people seem to like BOA so is that bad and going to stay there forever like some cards or is it pretty good if I use and PIF? How do you use it carry a small balance or use and pay off? Seemed low since I have other cards much higher.

I didn't really need to transfer anything since I am Util at about 12% of 52k revolving would have been nice but still year or so 0 apr. Most of that utility is on CU card at 8.9% (hard to beat a Credit Union).

Scores are 711 722 719

Also should I just open a online checking acount and use it as savings? I hear you can deposit your rewards points into it with a little bonus. Not sure if that is true don't have the agreement right now.

[ericp4440]

Congrats on your approval! 

The card will definitively grow. I opened my BofA 99/500 card in June, it was unsecured in January and increased to 1,600. Today I received another increase to 3,800. I've used it quite a bit and had a small balance report each month. Love BofA so far and as for the cash rewards I just use them as a statement credit. They have to be redeemed in $25 increments.

[kidink1911]

Congratulations!!

BOA is awesome! They gave me a 4XCLI after only 3 months (from 2K to 8K)!

Do BOA right and they will do the same to you!

[Caldric]

Thanks guys makes the low SL seem ok. Maybe should have jumped on the secured a year ago!

[Anonymous]

Someone the other day started at $1k and asked for $5k on the 2nd or 3rd cut. They got it.

[Anonymous]

Congratulations on your BOA Approval. I just received my card in the mail today so we'll watch together and see how well this card can grow.

I have friends tht love BOA and think it's one of the fast CLI cards. I sure hope so.

[Anonymous]

So if I am at $3K, and it'll be 6 months + when I can safely click the button (mortgage closing), would it be good odds that I can ask for $10K and be accepted for that?  Do they counter or just flat out deny?

Reason I am asking is that I would like to use the card for a new bed and a chair instead of using cash or Rooms 2 Go financing (read horror stories about furniture financing and how it reports).  But I also want the higher CL so that I can buy and still stay under a certain percentage utilization on the card.  Thanks for any advice!