Credit Cards

[jsickz32]

i just called to see if i could get my card converted to the privileges and they said no. that card can only be obtain by applying for it. i really want the card. is it possible to app and if im denied i can ask them to move CLs to open it.

[jsickz32]

well it seems now this privilege rewards is a new version and one of the requirements is to have 50k in savings or checkings lol thats the only way to get it now...

[jsucool76]

There is no requirement that you have 50k with them, but if you dont, you need to pay the $75 AF

[thom02099]

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jsickz32 wrote:

i just called to see if i could get my card converted to the privileges and they said no. that card can only be obtain by applying for it. i really want the card. is it possible to app and if im denied i can ask them to move CLs to open it.

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I did the same thing a while back, tried PC from Cash Rewards to the Privileges card, got the same response, that one had to apply for it.   The CSR also told me they had more stringent rules for it, and that one had to have a banking relationship with BofA.  I don't now, but formerly had a mortgage with them.  I asked if that counted, they said "no".   There was no mention of just paying the AF with an approval on an app/HP. 

[jsickz32]

So i called again and this time i was told the $50k is to get the AF waived (i knew this) and not to apply for the card. The CA said that he sees ive called about this before and "invited" me to apply but i told him that ive had too many new accounts opened in the last 12 months and he told me that because im a BofA banking costumer those wont affect me as much.
I was also told that upon approval im gonna be given a option to close my regular cash rewards or keep it open. So if im denied they can offer to close my card to open the privileges cash rewards. I really wanna apply now.

[jsickz32]

So i apped and got the 30 days message. I called CSR and was told they couldnt give me a response yet because my application was gonna be review and to call back in 2 weeks or wait for them to call me. At least i wasnt instantly denied...

[dodgeball]

pulling for you to get it!

[YahComb]

i hope it works it out for you. I haven't heard of anyone without the big deposits being able to get the card though recently. I'm not sure why they put the app on the main website if it's only open to people that are part of the privileges program(you need the 50k deposit balance to get in that). I thought that was the point of the annual fee-why have the fee there if the qualification to get the card in the first place is the same qualification needed to get the annual fee waived?

I have a feeling theyre gonna review your app t and say you can't have the card because you aren't part of the priveleges program or whatever. Hope i'm wrong though.

[jsickz32]

I called 3 times, asked on onlinechat 3 times and talk to 2 CA and they all told me that no i dont need the 50k to app. I have never been approved for one of their cards instantly, i always got the 30 days message and they would call me couple days later and approve me after asking some questions about why i wanted the card.

[jsickz32]

Also if they denied me because of the 50k ill tell them that i was told multiple times that the 50k is only to get the AF waived and not a requirement to be approved. I just want the card cuz has the chip and looks better than the regular one...

My auncle has the card with a CL of 9k and he only has savings with them and he was pre approved for it when opening the savings account. He opened the the savings with 5k and he says he doesnt have 50k with them.