I opened it in 2007, it has a $3000 limit with a $2000 balance on it. I'm not asking why they closed it, it their right to close it.... it's just what happens now?
If anyone can answer...
1. Does it go straight to collections?
2. Should I even bother calling BofA? i.e. is there any chance they would reopen it?
3. On my Experian credit watch I got an alert saying that the card was "reported lost or stolen". Is this a standard thing? I thought it would show as "closed by grantor" or something.
They did not close my Visa, which I find strange since it has a higher limit.
Anyway, thanks if you can help. Happy Sunday 
@Anonymous wrote:I opened it in 2007, it has a $3000 limit with a $2000 balance on it. I'm not asking why they closed it, it their right to close it.... it's just what happens now?
If anyone can answer...
1. Does it go straight to collections?
2. Should I even bother calling BofA? i.e. is there any chance they would reopen it?
3. On my Experian credit watch I got an alert saying that the card was "reported lost or stolen". Is this a standard thing? I thought it would show as "closed by grantor" or something.
They did not close my Visa, which I find strange since it has a higher limit.
Anyway, thanks if you can help. Happy Sunday
1. Is it up to date or late? If up to date, it won't go to collections.
2. Call them and ask why they closed it.
3. This is why I'm telling you to call them and ask why. Maybe they closed yours by accident.
@Anonymous wrote:I opened it in 2007, it has a $3000 limit with a $2000 balance on it. I'm not asking why they closed it, it their right to close it.... it's just what happens now?
If anyone can answer...
1. Does it go straight to collections?
2. Should I even bother calling BofA? i.e. is there any chance they would reopen it?
3. On my Experian credit watch I got an alert saying that the card was "reported lost or stolen". Is this a standard thing? I thought it would show as "closed by grantor" or something.
They did not close my Visa, which I find strange since it has a higher limit.
Anyway, thanks if you can help. Happy Sunday
This might related to something that happened to me a couple months ago:
It is my understanding that there was some sort of security breach that put several account numbers at risk. As a result, B of A closed accounts that might be affected by the breach, but they also issued new account numbers. So, check to see whether your account is actually closed, because the notation on your credit alert suggests that your account might have been flagged as being at risk.
For me, the transition was seamless. I was able to use the old card for several days as I waited for the new card to arrive. Pending charges on the old card didn't appear online, but everything checked out when I received my monthly statement.