Credit Cards

[Gibran]

Hey gang I received in the mail a pre-select offer the bankamericard cash rewards visa, can someone tell me if this is a good card, also which bureau does BofA pull? Also, I have a 60 day on my report from one of my Ames cards back in July, but has since been in good standing, my scores have since rebounded back a bit, EQ-655 EX(PSECU)-650 TU-653, I don't want to burn an INQ if the chances of getting approved is not good, I plan on apping for the SPG card in January and would rather use and INQ for that if my approval chances aren't good. Thanks in advance for any input regarding this card

[lithium78]

The BankAmericard Cash Rewards 123 is a good card.  I got one about two years ago with scores in the 650 range and many baddies and they pulled EX.  They aren't great about auto CLIs, but the rewards are good (1% on everything, 2% on groceries, 3% on gas.)  For some "high risk" borrowers, they will start you off with 12 mos 0% interest, 6 mos of 1,2,3% cashback, then 1% cashback for everything, but after the 6 mos were up, I was able to PC it to a regular 1,2,3% cashback card.  They were very good about that after seeing my excellent payment history with them.

[Gibran]

Thanks lithium, was it an instant approval and what CL did they start you out with?

[YahComb]

I think its a fairly good card. the 2% and 3% for groceries and gas is capped to 1500 per quarter. Their rewards mall is pretty decent, certain stores on there have slightly higher cashback than what they offer on ShopDiscover or Chase Ultimate Rewards, and a few stores that chase or discover don't have.

I also think the card can grow with you, i've had two cli's since this card graduated( requested both, not automatic) 1.2K to 3K, and 3K to 6K, within 4 months. I woudn't advocate going for a cli every 3-4 months with BOA-they usually will hardpull.

also i think they like to pull EX mostly. Thats what they pulled last august when i got this card (as a regular secured card).

[lithium78]

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Gibran wrote:

Thanks lithium, was it an instant approval and what CL did they start you out with?

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They started me with $2000 (instant approval) which was my highest CL at the time.  No auto CLIs and I don't want to take a hard pull so I haven't requested any.

[Imua]

i recently got the BofA 1-2-3 card.

they pulled EX