I've apped for BoA 2x in the past. Didn't have ugly scores or anything...denied. I guess I should be glad.
After 2nd denial I knew I'd never try again...even if I had perfect scores. They are not worthy of ME!
I updated my TU score today and it's at 787. Student loans end Mar. '10 and car loan ends Nov. '10. I have a balance of $3000 on the BofA cc (BT at 0% until Mar. '10) and it will be PIF before the offer expires. I have no other debt besides my mortgage ($118000), carry no other cc balances. I have had a Citi cc for 17 yrs, my first one while in college, and never experienced this.
Is the $3K the only revolving balance you are carrying? What kind of payment are you making against the $3K balance?
You also have a great deal of installment loans (SL's + Auto + Mortgage). BofA may not like your debt-to-income or available revolving credit-to-income ratios. As for having "never experienced" this there has been a large shift in the the credit markets and things work a little differently that they did as little as one year ago, particularly with regard to money center banks. BofA and Citi seem to be the institutions most likely to inflict seemingly unjustified AA.