Bank Of America Credit Card Cancelled...

[ADARPegasus]

Ok so i applied for 3 new credit cards in January and got approved for all 3.

Citi Premier Card - $22,000

Discover It Card - $15,000

and the crappy

Bank of America -$500

So Bank of America approves me for a account with a $500 limit...... $500 really??? like ok so anyways i have the card for a month and then i get a call from Bank Of America Credit Services and they tell me i have to much credit and they are closing my account because its to risky even though i used the card 5 times and paid in full 5 times in that month because a credit analysis said if i want a higher limit. I need to over use the card so they know i need a higher limit. So it gets closed and she says to call back in a couple months so i call back this morning, she soft pulls my credit and says i still have to much credit because i have $75000 in credit card limits btw only $3500 of it is being used so my Utilization is very low and my income is $256,000 a year. Like what is going on with Bank Of America?

[Closingracer99]

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@Jonbuck06 wrote:

Ok so i applied for 3 new credit cards in January and got approved for all 3.

Citi Premier Card - $22,000

Discover It Card - $15,000

and the crappy

Bank of America -$500

So Bank of America approves me for a account with a $500 limit...... $500 really??? like ok so anyways i have the card for a month and then i get a call from Bank Of America Credit Services and they tell me i have to much credit and they are closing my account because its to risky even though i used the card 5 times and paid in full 5 times in that month because a credit analysis said if i want a higher limit. I need to over use the card so they know i need a higher limit. So it gets closed and she says to call back in a couple months so i call back this morning, she soft pulls my credit and says i still have to much credit because i have $75000 in credit card limits btw only $3500 of it is being used so my Utilization is very low and my income is $256,000 a year. Like what is going on with Bank Of America?

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I say screw them and go elsewhere lol

[j_casteel]

Maybe they can see that $25k CO you have with Chase?

[j_casteel]

**EDIT: and/or the new account. ^^

[ADARPegasus]

No that chase account isnt in collections and it doesnt show on my credit.

[Bman70]

I can't help but think BofA must somehow know about the 25k charge-off or the car repo.. 

[baller4life]

ok I am confused. You had a $10k card cancelled last year and then $500 card this year???

http://ficoforums.myfico.com/t5/Credit-Cards/Bank-of-America-Card-Cancelled/td-p/2146539

[ADARPegasus]

Yess!! Its like Bank Of America has something against me or something!

[ADARPegasus]

What car repo lol?

[baller4life]

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@Jonbuck06 wrote:

Yess!! Its like Bank Of America has something against me or something!

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Interesting.....