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Established Contributor
snowkitty
Posts: 959
Registered: ‎09-10-2012

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 9k | CSP 5k | Bofa Cash 7.5k | Boa Travel 9k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy 4500 | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 13.5k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 1820

App free since 12/11/13*
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HiLine
Posts: 2,737
Registered: ‎10-19-2012

Re: BOA Rocks!!!

Wow that's fast track! Congratulations!!! :smileyhappy:

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 :smileyhappy:

Established Contributor
snowkitty
Posts: 959
Registered: ‎09-10-2012

Re: BOA Rocks!!!


HiLine wrote:

Wow that's fast track! Congratulations!!! :smileyhappy:

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 :smileyhappy:


Thanks! :catvery-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 9k | CSP 5k | Bofa Cash 7.5k | Boa Travel 9k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy 4500 | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 13.5k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 1820

App free since 12/11/13*
Blogger
HiLine
Posts: 2,737
Registered: ‎10-19-2012

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
Valued Contributor
myjourney
Posts: 23,641
Registered: ‎02-07-2013

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?


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Established Contributor
snowkitty
Posts: 959
Registered: ‎09-10-2012

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 9k | CSP 5k | Bofa Cash 7.5k | Boa Travel 9k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy 4500 | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 13.5k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 1820

App free since 12/11/13*
Established Contributor
emptypockets
Posts: 901
Registered: ‎02-03-2009

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 Delta/BCP/HH, Alliant Visa, PenFed AMEX, Nordstrom Sig Visa, Lowe's, BBRZ Plat, US Bank Cash+ Visa, Chase CSP/Freedom/Marriott/SWA Prem, Huntington Voice, UMB Visa, Dillard's AMEX, Barclay's NFL Visa, Home Depot, Citi Diamond Pref./Dividend/AA Platinum, Discover IT, Walmart Discover, Cabela's Visa, Cap One Quick Silver, BOA BB Rewards MC, BMW Visa Siggy, Comenity FRN MC/TR Visa, Ebates Visa Siggy, 5/3 Real Life Rewards, Jared, Kohl's, Macy's, Macy's AMEX.

Current Scores: EQ (3/28/14): 798; TU MyFico (3/7/14):781; Walmart TU Fico 08 (4/4/2014): 814; EX (3/7/14): 773
Frequent Contributor
hutchj
Posts: 387
Registered: ‎06-15-2013

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
armbenderc
Posts: 1,337
Registered: ‎09-11-2012

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
snowkitty
Posts: 959
Registered: ‎09-10-2012

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 9k | CSP 5k | Bofa Cash 7.5k | Boa Travel 9k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy 4500 | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 13.5k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 1820

App free since 12/11/13*

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