Bank of America Question

[Anonymous]

I am going to be moving to Arkansas in the next couple of weeks. I looked up banks in the area and the one that seems ok to me is BoA. There also is a Regions and US bank.

My question is I want to get a credit card when I open an account with them. Will they offer me one or will I have to ask for one? What are my chances of being approved?

My history:

23 years old

No current CC's

Paid off recent CC in 2006

Open accounts include: Zales and student loans

First CC was in 2005 and have not had one since

2 bad things on my report both 30 day late (2006)

Don't know my credit scores

What are my chances of getting a decent CC with a decent limit? Thanks for any help. 

[oracles]

Hi Craig and welcome to the forums

Both B of A and US bank are very good banks. They will both grow with you. You may have a problem getting a credit card because of your limited credit history. However if you get a savings account with them, this will help.

Also the great thing about bofa is if you are rejected a cc, they will counter offer with a partial secured card or a secured card. These cards will become unsecured in 9-12 months with good payment history.

Definitely apply to US bank first because they don't like inqs. Afterwards apply to b of a and see what happens.

When you get in, they will grow with you as long as you treat them right.

hope this helps and keep us updated

[Anonymous]

Thank you.

Just plain weird. I opened a bank account 3 years ago and they offered me a CC for $1,000cl. 

How am I suppose to get a cc if I don't have much history?

I am going to open a savings account as well, how will that increase my chances?

[oracles]

Opening an account will hopefully increase your chances. YMMV

That is the cycle people are in when obtaining credit cards. You dont have history because you dont have a credit card and you dont have a credit card because you dont have history.

You may be able to obtain a card because you once did have a card, but a way people circumvent this situation is by getting a secured card or starter cards and grow their history.

I always say getting a secured card is better than starter cards. YMMV

[smallfry]

My daughter got a credit card from BofA with no credit history a few years ago for $2500. It might be a bit tighter now but you have more history than she did. I would go with them regardless of all the negative press. Open a checking account with them now you might even get offered $75 to do it. 

[Anonymous]

I recently apped US BANK and Bofa on the same day, i have short history(1 year + old AU) and got $600 from bofa and $5k from us bank