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Established Contributor
Posts: 985
Registered: ‎09-10-2012
0

BOA Rocks!!!

Last August I opened the 99/500 credit card with Boa. I have used it much and treated it well. They upgraded me at 9 months to unsecured and I got a cli to 2000.00. I have really been wanting a Visa Signature card but don't really want to apply for anything else. So I called Boa today and asked if my credit limit could be raised to 5000.00 and my card become a Visa Signature. I answered all the normal questions and they approved me after a few minutes on hold. They used the same pull from 2 weeks ago which was awesome!! I will get a new card and card number but they said it will still show the account opened in August and my rewards will transfer over. I am super excited!!!

 

So how does the signature card show different on my credit report? Will it just not factor in my utility?

TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Blogger
Posts: 3,363
Registered: ‎10-19-2012
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Re: BOA Rocks!!!

Wow that's fast track! Congratulations!!! Smiley Happy

I'm 99% confident your Visa Signature card will report high balance, not credit limit. The high balance will be used in lieu of credit limit in calculating utilization Smiley Happy

Established Contributor
Posts: 985
Registered: ‎09-10-2012
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Re: BOA Rocks!!!


HiLine wrote:

Wow that's fast track! Congratulations!!! Smiley Happy

I'm 99% confident your Visa Signature card will report high balance, not credit limit. The high balance will be used in lieu of credit limit in calculating utilization Smiley Happy


Thanks! Cat Very Happy

 

I never carry a balance with them..... I bank with them as well so I pif pretty much every week. So if I did run a balance with them, my balance will count against my total utilization from all cards rather than just against the limit I have with them right?

TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Blogger
Posts: 3,363
Registered: ‎10-19-2012
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Re: BOA Rocks!!!

Right. If the high balance is 2k, then 2k will basically be your credit limit for utilization purposes. Keep in mind that this is daily high balance, so it's not necessary to carry a balance and pay interest. Simply concentrate your spending on the card for a whole billing cycle + grace period, then pay off the balance before the grace period ends.

Community Leader
Senior Contributor
Posts: 28,765
Registered: ‎02-07-2013
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Re: BOA Rocks!!!


snowkitty wrote:

Last August I opened the 99/500 credit card with Boa. I have used it much and treated it well. They upgraded me at 9 months to unsecured and I got a cli to 2000.00. I have really been wanting a Visa Signature card but don't really want to apply for anything else. So I called Boa today and asked if my credit limit could be raised to 5000.00 and my card become a Visa Signature. I answered all the normal questions and they approved me after a few minutes on hold. They used the same pull from 2 weeks ago which was awesome!! I will get a new card and card number but they said it will still show the account opened in August and my rewards will transfer over. I am super excited!!!

 

So how does the signature card show different on my credit report? Will it just not factor in my utility?


Congrats 

This point should be stressed more here an app spree should not be encouraged because its not for every profile
A thick file will support more apps at one time while a thin file may see negative reaction to this process

IMHO 4+ at one time is to many for a new file and it should be kept to 1-3 a year but we get caught up sometimes in seeing the little wheel spin and the words approved
Established Contributor
Posts: 985
Registered: ‎09-10-2012
0

Re: BOA Rocks!!!

So does it show a 5k limit and that it's a visa signature on my report? Or does it show my limit the same as my balance?
TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Valued Contributor
Posts: 1,097
Registered: ‎02-03-2009
0

Re: BOA Rocks!!!

[ Edited ]

I was told that only certain BOA Signature cards do not report the credit line, but not all. The 3-2-1 cards supposedly report the credit limit given, not the high balance.


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Pen Fed Promise, Citi (3), Chase (6), US Bank Cash+, Huntington Voice, UMB Visa, Nasa Plat Cash Visa, Barclay's Visa, Discover IT, Cap One QS, BOA (2), BMW Visa, 5/3 RLR MC, Diner's Club MC; FNBO Amex; Comenity Visa/MC (3), Ebates Visa Siggy, Nordstrom Visa, Walmart MC, Sam's Club MC; A few assorted store cards.

Current Scores (11/2015): EQ My Fico: 808; TU MyFico: 799; EX (My Fico): 775
Frequent Contributor
Posts: 387
Registered: ‎06-15-2013
0

Re: BOA Rocks!!!


emptypockets wrote:

My BOA Signature card (Better Balance Rewards) shows the Limit on my reports.


The BBR is a MC right? Not a Visa? BoA Visa Sig doesn't report balances, but their MC's do.

AMEX BCE: 5k; Barclay Apple: 2.5k; BoA CB: 3k; BoA BBR 4.2k; BoA Travel: 8k; Chase Sapphire: 5k; Chase Freedom: 6k; Citi Diamond: 3k; Discover IT: 9k

June 2013 FICOs: TU: 763; EX: 754; EQ: 764 (was 747 9/2012). Last app 2/20/2014 Garden until 3/2015
Valued Contributor
Posts: 1,339
Registered: ‎09-11-2012
0

Re: BOA Rocks!!!


emptypockets wrote:

I was told that only certain BOA Signature cards do not report the credit line, but not all. The 3-2-1 cards supposedly report the credit limit given, not the high balance.


My BoA BankAmerican Privileges /w Cash Rewards does not report CL as confirmed by many on here. It shows N/A on CL and N/A on high balance. It does said flexible spending account.

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Established Contributor
Posts: 985
Registered: ‎09-10-2012
0

Re: BOA Rocks!!!


emptypockets wrote:

I was told that only certain BOA Signature cards do not report the credit line, but not all. The 3-2-1 cards supposedly report the credit limit given, not the high balance.


That is what I have, the 3-2-1 cash rewards card. I meant to ask if changing to a signature waived the annual fee that came with the 99/500. I guess I will wait until it comes in and then call and ask.

TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*

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