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Regular Contributor
Posts: 177
Registered: ‎07-24-2007

Bank of America Cash Rewards Approval

[ Edited ]

I was supposed to be gardening like my life depended on it... 

 

I have 4 new tradelines within the last 13 months and a 2 month old SSL dragging down my AAoA like a Valyrian steel anchor.  Hence the need for some power-gardening.

 

But, I've decided to go outside my medical coverage and pay out of pocket for a fancy ortho and physical therapist (sports injuries) and I'm going to have to carry 5 grand or so on my cards to do it.  My utilization is currently at 7% but with the new mounting charges it will get pushed over the 9% threshhold.  Knowing that my score will only get worse I decided it was now or never if I wanted to give my utilization some breathing room.  

 

I wanted a card that was known to be an excellent grower (thanks for the advice K In Boston!) and who pulled Experian (since it's my best score by far).

 

I chose B of A Cash Rewards, app'd online last night and got an instant approval for 6,000.  You know, I really held my breath because though my score alone was good enough for approval, I've had a ton of new credit lately and my file is thin.  

 

So while the SCL isn't sexy, I'm stoked.  It gives me the cushion I need and will hopefully be a great card going forward.  Plus, 3% gas is excellent for my 16-18 MPG baby. 

 

 

 

 

 

 

 

 

 



EX 743 // TU 713 // EQ 715
Frequent Contributor
Posts: 306
Registered: ‎07-03-2017

Re: Bank of America Cash Rewards Approval

Congratulations!

09/18/17 EQ 712 TU 704 EX 699 Gardening Through 12/31/17!
Super Contributor
Posts: 13,883
Registered: ‎01-04-2014

Re: Bank of America Cash Rewards Approval

You say that you see your file as kind of thin. IMO this was the ideal time to bring onboard a BofA product.

 

Things should level out quite nicely going forward with them.

 

Started out on this end with a thin file at 1K and now stand at 30 plus have other BofA Cards rolling along great.

 

Congratulations!

Last App-Jan 26* It's All In The Magic Of Your Own Destiny * FICO TU 769 EQ 723 EX 777
Established Contributor
Posts: 831
Registered: ‎05-26-2016

Re: Bank of America Cash Rewards Approval

Congratulations on the approval! This one will grow nicely with time Smiley Wink

FICO8 Scores:~ 9/10/2017:~ TU:~737 EQ:~742 EX:~755
Inquires TU:~10 EQ:~10 EX:~15
Total Utilization:~ 3%
Total Revolving CL:~ $350k+club
Senior Contributor
Posts: 8,938
Registered: ‎04-23-2016

Re: Bank of America Cash Rewards Approval

Nice job CleatsSmiley Happy. In 3 months, you could be seeing that request cli button and even though it will be hp, your snake can grow like it got fed 2 credit one miceSmiley Wink i only wish i made more so i could grow my boa like amazonSmiley Happy
Regular Contributor
Posts: 177
Registered: ‎07-24-2007

Re: Bank of America Cash Rewards Approval


CreditMagic7 wrote:

You say that you see your file as kind of thin. IMO this was the ideal time to bring onboard a BofA product.

 

Really?  Why is that?  Is BofA like Discover in that they like thin files?

 

Things should level out quite nicely going forward with them.

 

Started out on this end with a thin file at 1K and now stand at 30 plus have other BofA Cards rolling along great.

 

How long did it take you to go from 1K to 30K?  That's pretty amazing!  

 

Would you please fix your siggy so that I can roll over your cards and nosily look through your limits?  Smiley Wink

 

Congratulations!


 



EX 743 // TU 713 // EQ 715
Regular Contributor
Posts: 177
Registered: ‎07-24-2007

Re: Bank of America Cash Rewards Approval

[ Edited ]

AverageJoesCredit wrote:
Nice job CleatsSmiley Happy. In 3 months, you could be seeing that request cli button and even though it will be hp, your snake can grow like it got fed 2 credit one miceSmiley Wink i only wish i made more so i could grow my boa like amazonSmiley Happy

Thanks, Joe.  So you've lost me at '2 credit one mice growing my hard pull snake' and... apparently you make these snakes?  And is that boa like constrictor or boa like Bank of America?  I feel so lost.  Smiley Wink

 

Does anyone speak AverageJoe and can translate?  Anyone??  Anyone??

 

 



EX 743 // TU 713 // EQ 715
Valued Contributor
Posts: 1,923
Registered: ‎09-13-2013

Re: Bank of America Cash Rewards Approval

Congrats!

🎉 way to help out the utilization 

Highlighted
Regular Contributor
Posts: 233
Registered: ‎05-06-2008

Re: Bank of America Cash Rewards Approval

Congrats! Nice approval!

Community Leader
Valued Contributor
Posts: 1,551
Registered: ‎11-19-2016

Re: Bank of America Cash Rewards Approval

I'm so happy for you, and really $6k for a SL isn't bad at all!  The first time you decide to take that HP for a CLI, it's pretty likely that it will surpass your Discover it as your largest credit line - and from there, the sky's the limit (well you know, taking "credit score, credit history, income, and other factors known to them" into consideration)!

 

The 3% is great for gas and 2% for restaurants will be great once the month is over with the 5% Discover cash back.  Be sure to check out the BankAmeriDeals section on your card's page, too.  I got 10% back a few times at restaurants I grab takeout from anyway and a $35 credit for $35 on DirecTV Now which is letting me watch a series streaming on their service not carried by the usual cable networks - for free!  And of course if you ever wanted to open a checking or savings account with them, it becomes a 3.3, 2.2, 1.1% card.


450k+ club. | FICO 08 [August 2017]: EQ 746 EX 735 TU 733 | Repeat garden bronze spade offender.

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