@Anonymous wrote:I am changing my Bank of America visa credit card to another one that has more rewards and cashback but I was told but the customer service representative that to do so, he has to close the old credit account and open a new one which will have a new no. that is eligible for rewards.
Will that affect my credit score by any chance??
Please help!
I don't have a BoA card, so I can't help with certain specifics, but... what are your scores?? EQ & TU FICO's, that is?
It is possible they may have to close one acct & open another. If that is the case, why not leave the one open & get a rewards card from either BoA or better yet, somewhere else. It will be better to have another open TL rather than swapping one for another. Might be better to get a card from another bank. If BoA decides to cut your limit, they can only do it to one card rather than 2!
Maybe join a CU & get their card....that's what many here have done with some nice results!
Hi Top! Welcome aboard! 
Top wrote:I am changing my Bank of America visa credit card to another one that has more rewards and cashback but I was told but the customer service representative that to do so, he has to close the old credit account and open a new one which will have a new no. that is eligible for rewards.
Will that affect my credit score by any chance??
Please help!
Every time I've product changed, AND everytime (two times so far) BoA has had to reissue a 'compromised' card, I've been issued a new card number. The new cards have retained my full account history. Product changes have in no way impacted my credit reports. The 'compromised' cards, are listed as "lost or stolen' in my credit reports.
Thanks LilMirth for your warm welcome and advice
So I guess I can go ahead and change the card to a one that has rewards with it without worrying about my credit score being affected, right?
Top wrote:Thanks LilMirth for your warm welcome and advice
So I guess I can go ahead and change the card to a one that has rewards with it without worrying about my credit score being affected, right?
What I'd suggest is using one of the backdoor numbers (stickied at the top of this forum) for BoA, getting a credit analyst, and asking for your product change. Make sure to indicate that you're not applying for additional credit, but that you just want to change products, retaining the current account history. They should fully understand your request.
My reason for suggesting this is that I've requested product changes with the 1st line customer support, and (at times) they truly seemed clueless to what I was asking, and it *seemed* to me that that they thought I wanted to apply for a new card/new tradeline altogether. The credit analysts don't seem to have those barriers to understanding, LOL!
Otherwise, I'd say not to worry! BoA issues a new card number with product changes, but IME the account history has always been retained under one tradeline.
@Anonymous wrote:
@Anonymous wrote:Thanks LilMirth for your warm welcome and advice
So I guess I can go ahead and change the card to a one that has rewards with it without worrying about my credit score being affected, right?
What I'd suggest is using one of the backdoor numbers (stickied at the top of this forum) for BoA, getting a credit analyst, and asking for your product change. Make sure to indicate that you're not applying for additional credit, but that you just want to change products, retaining the current account history. They should fully understand your request.
My reason for suggesting this is that I've requested product changes with the 1st line customer support, and (at times) they truly seemed clueless to what I was asking, and it *seemed* to me that that they thought I wanted to apply for a new card/new tradeline altogether. The credit analysts don't seem to have those barriers to understanding, LOL!
Otherwise, I'd say not to worry! BoA issues a new card number with product changes, but IME the account history has always been retained under one tradeline.
Thanks a lot for your great advice. I actually called a credit analyst who was very knowledgeable and told me that the account no. will definitely need to be changed but that will never affect my credit score.
Thanks again for your great help, I appreciate it.