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Established Contributor
Uncle_Money
Posts: 530
Registered: ‎07-28-2008
0

BofA Luv Button IS Back!

Hey Gang,

 

First, I want to wish everyone here a happy and healthy Thanksgiving!

 

I have the BofA/Amex Accelerated Reward card.  A couple of months back, BofA removed the luv button from my online banking.  Today, I made a payment for $5,000 and what do you know? BAM, the button is now back.

 

I guess when you run up a high balance, they remove it.  When you get the balance down, it comes back.  Interesting.

 

Here's my question.  My limit is $10,500.  What amount should I stop charges at?

 

Thanks,

 

UM

Equifax Fico 785 as of 01/18/2012
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: BofA Luv Button IS Back!


Uncle_Money wrote:

Hey Gang,

 

First, I want to wish everyone here a happy and healthy Thanksgiving!

 

I have the BofA/Amex Accelerated Reward card.  A couple of months back, BofA removed the luv button from my online banking.  Today, I made a payment for $5,000 and what do you know? BAM, the button is now back.

 

I guess when you run up a high balance, they remove it.  When you get the balance down, it comes back.  Interesting.

 

Here's my question.  My limit is $10,500.  What amount should I stop charges at?

 

Thanks,

 

UM


And to you, UM!

 

I have the same BofA Amex card - it's a nice one. BofA likes use so I would say use away. Just don't revolve a larger balance very long. If I ever have to revolve a balance anywhere I never go above 1/3 of the CL. I can do that and keep my overall UTIL < 10%. That seems to be a relatively safe strategy and I have had almost no AA/RJ activity, have or get all the "Luv Buttons" regularly and get my CLI's.

New Contributor
JoJo74
Posts: 80
Registered: ‎10-09-2009
0

Re: BofA Luv Button IS Back!


Uncle_Money wrote:

Hey Gang,

 

Here's my question.  My limit is $10,500.  What amount should I stop charges at?

 

Thanks,

 

UM


That's a great question Uncle let all of us know after Black-Friday how much you spent.:smileyvery-happy:

Valued Contributor
wmarat
Posts: 1,754
Registered: ‎11-03-2007
0

Re: BofA Luv Button IS Back!

As far as I understand THE GAME, it does not matter how much you charge, but how much you let be reported.
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