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New Contributor
slg
Posts: 74
Registered: ‎03-19-2011

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
thom02099
Posts: 1,286
Registered: ‎08-30-2011

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.

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 / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K / Wells Fargo Platinum Visa $7.5K / Home Depot $9.7K / Lowes $10K

EX = 765 EQ = 743 TU = 825 Mar/2014
Blogger
HiLine
Posts: 2,723
Registered: ‎10-19-2012

Re: Bofa visa dig reports as a cfa?

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

Valued Contributor
lg8302ch
Posts: 2,017
Registered: ‎11-13-2012

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
FICO® EQ 764 (as of today) - TU 778 (04/01) * Fako EX 816 (04/03 - CS) last app 11/09/13 * INQ last 2 yrs TU: 5, EX: 6, EQ: 6
New Contributor
slg
Posts: 74
Registered: ‎03-19-2011

Re: Bofa visa dig reports as a cfa?

Yes, I plan on calling Monday. I'll update then :smileyhappy:
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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