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Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
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Re: B of A 1-2-3 cash rewards cc doesn't report?

I'm kind of not seeing the upside to this card. The 1-2-3% is cool and all, but not if it's going to hurt my score

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
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Registered: ‎04-07-2008
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Re: B of A 1-2-3 cash rewards cc doesn't report?


dddfresh wrote:
I'm kind of not seeing the upside to this card. The 1-2-3% is cool and all, but not if it's going to hurt my score

This sig reports only your highest ba;ance that will tap into your overall util if your total util is low. That might cause you to go over the 9% threshold util that I have heard FICO cringes on thus your FICO score might take a small dip or big depending.

 

The upside is the cashback.




Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
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Re: B of A 1-2-3 cash rewards cc doesn't report?

So do I need to spend $2000-2500 and let it REPORT, or just spend that and then pay it in full?


9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Regular Contributor
Posts: 163
Registered: ‎07-30-2009
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Re: B of A 1-2-3 cash rewards cc doesn't report?

Hi.
To

I recently contacted to clear my doubt abt this credit limit reporting abt Bank of America. I was told to covert to platinum visa, and rewards will same like visa signature card. T0 those who want to report credit limit. Can downgrade their card and the rewards on new card will be same as visa sig card. I called Bank of America to verify this and they told I can do this with out hurting my rewards and new card carry same benefits and features as visa sig. Thank you.
Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
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Re: B of A 1-2-3 cash rewards cc doesn't report?

Thank you. I already have two other visa sig cards so this might be a better choice for me?

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Regular Contributor
Posts: 163
Registered: ‎07-30-2009
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Re: B of A 1-2-3 cash rewards cc doesn't report?

Yes talk to them. I am having visa siggy from Bank of America, they gave me option to downgrade and features and benefits are same.
Moderator Emeritus
Posts: 10,898
Registered: ‎12-30-2011
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Re: B of A 1-2-3 cash rewards cc doesn't report?

AFAIK BOFA reports the highest balance at any point.  Letting it report one month isn't a big deal.

 

BOFA does not report CL's on their Signature cards.  Sucks, but that's life with BOFA unfortunately.

 

To clarify CS800's point: for utilization purposes your current balance works just as any other card, the limit is the high balance on the card.  Set it once, go on with life, old school style!

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Valued Contributor
Posts: 1,425
Registered: ‎08-30-2011
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Re: B of A 1-2-3 cash rewards cc doesn't report?


Revelate wrote:

AFAIK BOFA reports the highest balance at any point.  Letting it report one month isn't a big deal.

 

BOFA does not report CL's on their Signature cards.  Sucks, but that's life with BOFA unfortunately.

 

To clarify CS800's point: for utilization purposes your current balance works just as any other card, the limit is the high balance on the card.  Set it once, go on with life, old school style!

 


They do on both my Cash Rewards Signature Visa as well as my Merrill Lynch Platinum Plus Signature Visa; a CL appears on both reports as well as the notation "flexible spending card".  I've read where others also have a CL report.  Truly is a YMMV thing. 

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 822 TU = 830 - 01/2015
Frequent Contributor
Posts: 390
Registered: ‎01-11-2013
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Re: B of A 1-2-3 cash rewards cc doesn't report?

My b of a app is showing cash rewards platinum plus visa. Does that sound like a visa sig?

9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Moderator Emeritus
Posts: 10,898
Registered: ‎12-30-2011
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Re: B of A 1-2-3 cash rewards cc doesn't report?


thom02099 wrote:

Revelate wrote:

AFAIK BOFA reports the highest balance at any point.  Letting it report one month isn't a big deal.

 

BOFA does not report CL's on their Signature cards.  Sucks, but that's life with BOFA unfortunately.

 

To clarify CS800's point: for utilization purposes your current balance works just as any other card, the limit is the high balance on the card.  Set it once, go on with life, old school style!

 


They do on both my Cash Rewards Signature Visa as well as my Merrill Lynch Platinum Plus Signature Visa; a CL appears on both reports as well as the notation "flexible spending card".  I've read where others also have a CL report.  Truly is a YMMV thing. 


Interesting, must've missed those.  I'll toss those into the Magic 8 ball bucket vis a vis BOFA SP CLI's :smileyhappy:.

 

Thanks!

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 693, EQ 8 685, TU 705, EX 709 (02/27/15)
Goal Score: 700 on EQ 04 (01/01/16)


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