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New Contributor
Posts: 74
Registered: ‎03-19-2011
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Bofa visa dig reports as a cfa?

My new bofa travel rewards visa sig is reporting as a consumer finance account on eq, is this right? I've read in some cases this hurts your score and looks bad however in my case I got a 5 point bump. Anyone know if its supposed to report like this?
BCE 12800, bofa travel rewards 8k, Barclays apple 6200, Macy's 2000, Macy's Amex 3200, merrick bank 300 , Victoria secret 1350, jcrew 1350
Valued Contributor
Posts: 1,486
Registered: ‎08-30-2011
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Re: Bofa visa dig reports as a cfa?


slg wrote:
My new bofa travel rewards visa sig is reporting as a consumer finance account on eq, is this right? I've read in some cases this hurts your score and looks bad however in my case I got a 5 point bump. Anyone know if its supposed to report like this?

They generally report as "credit card" or "flexible spending card".  Might want to call and ask them about this.

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10.5K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 823 TU = 822 as of 07/15
Blogger
Posts: 3,360
Registered: ‎10-19-2012
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Re: Bofa visa dig reports as a cfa?

That doesn't sound right. +1 to calling BofA to straighten it out.

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Senior Contributor
Posts: 4,752
Registered: ‎11-13-2012
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Re: Bofa visa dig reports as a cfa?

can you pls post the result? I am about to pc over my oldest account and losing that card in the AAoA would be drastic....thks
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New Contributor
Posts: 74
Registered: ‎03-19-2011
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Re: Bofa visa dig reports as a cfa?

Yes, I plan on calling Monday. I'll update then Smiley Happy
BCE 12800, bofa travel rewards 8k, Barclays apple 6200, Macy's 2000, Macy's Amex 3200, merrick bank 300 , Victoria secret 1350, jcrew 1350
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