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mustangy
Posts: 90
Registered: ‎11-06-2012
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Boa mastercard is older credit card and annual fee how to convert it ?

I have mastercard of bank of America and $29 annual fee is coming next Jan.

how i can convert it without loosing account age of it . Its older credit card in my history.

called bofa to convert it bofa amex acclarated cash credit card but CSR said you ll be answered 26/12/2012 that time I ll be charged for another annual fee

 

How to get rid of this without hurting account history ?

 

Thanks for answers

 

 

BOFA Master 5k# BOFA Visa 15k flex#Amex BCE 13.5k#chase freedom 5k#capital one $2000 2009#HSBC 1k closed 2009 (those guys kidding with limits)

FICO (lenders pull)scores 739 - 742 - 730 October 2012#length of history from Jan/2008
Business account###Capital one spark 2k
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
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Re: Boa mastercard is older credit card and annual fee how to convert it ?

Without speaking to other unknowns of your credit profile (Credit Mix, UTIL, open accounts, etc) I can tell you closing that card won't affect your AAoA for 10 years, when it drops off.

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
New Contributor
mustangy
Posts: 90
Registered: ‎11-06-2012
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Re: Boa mastercard is older credit card and annual fee how to convert it ?

Thanks Jutz

but my accounts are only 4 years old and until last year had only 2 credit card and 1 cheking all with BOA .Util was about %10 just approved for auto loan $79.000  and i dont use mastercard much some time $50 just to keep it alive but paying $29 for nothing ?

 

BOFA Master 5k# BOFA Visa 15k flex#Amex BCE 13.5k#chase freedom 5k#capital one $2000 2009#HSBC 1k closed 2009 (those guys kidding with limits)

FICO (lenders pull)scores 739 - 742 - 730 October 2012#length of history from Jan/2008
Business account###Capital one spark 2k
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
0

Re: Boa mastercard is older credit card and annual fee how to convert it ?

Try asking for them to waive your AF because you're considering closing it before it hits.  BOA doesn't love waiving fees, but it's worth a shot.  It's probably best to have 3+ cards open though, at least according to most.  YMMV

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
Frequent Contributor
TheConductor
Posts: 492
Registered: ‎07-24-2012
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Re: Boa mastercard is older credit card and annual fee how to convert it ?


Jutz wrote:

Try asking for them to waive your AF because you're considering closing it before it hits.  BOA doesn't love waiving fees, but it's worth a shot.  It's probably best to have 3+ cards open though, at least according to most.  YMMV


This.

 

Also, instead of calling and saying " I want to PC to X card", try asking "Are there any cards I can PC to that don't have an annual fee?"  When I PCed my Platinum Plus to Cash Rewards they gave me an instant decision on the phone.  All I did is ask "What cards can I convert this card to?" and they gave me 2 options.  That was from calling the backdoor number, not the regular CS number.

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12)
Current: EQ 670 (myFICO 9/8/14), EX 694 (Prosper 7/17/14) , TU 693 (WalMart 9/2/14) Goal: 700+ x3
My Wallet: Amex BCP $30k, Chase CSP VS $12.2k, Amex Zync NPSL (> 10k), C1 Venture VS $5k, Amex SPG $4.5k, Walmart (Store) $2.5k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Best Buy Rewards MC $500
My Loans: Prosper $25k/36mo
My Business: Chase Ink VS $5k
Valued Contributor
Jutz
Posts: 1,216
Registered: ‎05-10-2012
0

Re: Boa mastercard is older credit card and annual fee how to convert it ?


TheConductor wrote:

Jutz wrote:

Try asking for them to waive your AF because you're considering closing it before it hits.  BOA doesn't love waiving fees, but it's worth a shot.  It's probably best to have 3+ cards open though, at least according to most.  YMMV


This.

 

Also, instead of calling and saying " I want to PC to X card", try asking "Are there any cards I can PC to that don't have an annual fee?"  When I PCed my Platinum Plus to Cash Rewards they gave me an instant decision on the phone.  All I did is ask "What cards can I convert this card to?" and they gave me 2 options.  That was from calling the backdoor number, not the regular CS number.


Holy crap, you're telling me there may be some chance I don't have my Platinum Plus forever?

 

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $29,500
  • Inquiries (12 Months): EQ 6 TU 3 EX 6 | Most Recent: 1/21/2014
Chase Freedom $5000
DCU Visa $10000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
New Contributor
mustangy
Posts: 90
Registered: ‎11-06-2012
0

Re: Boa mastercard is older credit card and annual fee how to convert it ?

[ Edited ]

 

Thanks Jutz and Conductor will try to convert bofa mastercard tomorrow. TheConductor whic number to call credit analyst or any 800 number backdoor

 

today was diggind credit cards day for me. after high auto loan i realize have to do some thing.

 

for my busines sole corp . apllied to disvery cahse ink and capital one

discovery turn down :smileysad: i m PG for business and has bunch of letter from discovery sucks

chase turn down ( got 5k freedoom limit  after Recon but 0 for busines)

capital one spark 2k limit approved)

 

personal

bofa visa signutare up CLI to 15k (but doesnt help because they do not report the limit )

amex blue cash everyday approved 13.5k  (this is not reporting also )

chase freedom approved 5k

 

so in my credit report its look like i have only 5k boa visa 5k boa mastercard and 5k chase now

 

but i need more to show limit in my credit report what can i do

only the way can spend on credit card is my dealer but they do not except over 3k with credit card .

 

 

 

BOFA Master 5k# BOFA Visa 15k flex#Amex BCE 13.5k#chase freedom 5k#capital one $2000 2009#HSBC 1k closed 2009 (those guys kidding with limits)

FICO (lenders pull)scores 739 - 742 - 730 October 2012#length of history from Jan/2008
Business account###Capital one spark 2k

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