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Bank of America just closed $63K of my credit cards

New Contributor

Re: Bank of America just closed $63K of my credit cards


naptime wrote:

I paid of $45K in the las 4 weeks. the ballance was carried for about 9 Months

 

The Monthly payments were $1,500

 

I have many high dollar ammount cards that I use / payoff sometimes taking several Months.

 

Point is it was never an issue before today. 

 

 

 


Yeah that's going to happen at most larger banks.  Large unusual payments flag security.  Do you have BOA bank accounts?  Did you wire in the money to pay of the CC from another bank?  I only ask because something similar happened to me with Regions Bank.  We were moving company funds to make a large purchase of stock and they not only closed our CCs but also closed our actual bank accounts.  Amex seems to not have an issue with large payments so we use them for all company expenditures now.  As far as bank accounts we moved to a local bank.

CH7 BK Discharged Aug 2016May 2017 ScoresEQ08 615TU08 604EX08 612
Message 51 of 170
New Contributor

Re: Bank of America just closed $63K of my credit cards

 

I emailed the CEO Brian Moynihan directly.

 

The last time I did this I heard back within a few hours.

Message 52 of 170
Valued Contributor

Re: Bank of America just closed $63K of my credit cards

naptime,

 

Sorry this happened to you. The same happened to me a few years back and I was furious about it. I got a call from BoA stating they were going to close my brand new card with them. I argued back but they would not budge. In as many words, they called me high risk. I call BS....

 

I doubt you will have any luck with them, but I hope you do. I'll be watching this thread.

 

Ray

** Every Card has a Job, and Every Card does its Job **
Message 53 of 170
New Contributor

Re: Bank of America just closed $63K of my credit cards

I called the number below:

 

BofA: 866-618-4585 (Sr Credit Analyst) ~corymcdd88

 

seems to be a good number as I got a senior rep

 

When I tried to re open each of the cards 

 

She told me "the terms and conditions are no longer available" the cards are not eligible to be reopened.

 

She said I could go ahead and re apply for new cards

 

Has anyone ever heard of such a thing?

 

 

Message 54 of 170
Valued Contributor

Re: Bank of America just closed $63K of my credit cards


naptime wrote:

I called the number below:

 

BofA: 866-618-4585 (Sr Credit Analyst) ~corymcdd88

 

seems to be a good number as I got a senior rep

 

When I tried to re open each of the cards 

 

She told me "the terms and conditions are no longer available" the cards are not eligible to be reopened.

 

She said I could go ahead and re apply for new cards

 

Has anyone ever heard of such a thing?

 

 


Like I said, you wont have any luck with this. Put it behind you and move on.

 

BoA is evil.

Ray

** Every Card has a Job, and Every Card does its Job **
Message 55 of 170
New Contributor

Re: Bank of America just closed $63K of my credit cards

 

I hear you

 

But I will at least try and get some type of satisfaction

 

At this point what does it hurt I already lost $60K in credit

Message 56 of 170
Super Contributor

Re: Bank of America just closed $63K of my credit cards

If someone closes all my cards and ive been paying on time and doing nothing illegal and just being responsible, no way in heck would i " reapply" for more cards from said bank. NEXTSmiley Wink

To obtain Credit One Kenobi status upon 0/24 is to Garden Harden!!
Message 57 of 170
Valued Contributor

Re: Bank of America just closed $63K of my credit cards


naptime wrote:

 

I hear you

 

But I will at least try and get some type of satisfaction

 

At this point what does it hurt I already lost $60K in credit


No harm in trying! That's for sure.

 

Maybe I came across cold in my previous post to you. If so, I'm sorry. I reflect on the same thing happening to me from BoA. I was furious Smiley Mad with them for doing that.

 

$60k is a big hit.

 

Good luck - I'm pulling for you!

Ray

** Every Card has a Job, and Every Card does its Job **
Message 58 of 170
Moderator

Re: Bank of America just closed $63K of my credit cards

Good luck OP getting this resolved. I saw that you might be having some trouble quoting other posters, you can check out how to do it here;

 

 http://ficoforums.myfico.com/t5/Community-Feature-FAQ-s/How-to-Quote-a-Post/td-p/2603189

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Message 59 of 170
Established Contributor

Re: Bank of America just closed $63K of my credit cards

Yes I heard They will tell u can always reapply but it will be a denial from my past experience can't remember if it's a pull or not and the app will be forward to that analyst who closed your accounts
Message 60 of 170