Is BOA considered a conservative lender

[Anonymous]

Does anyone think of them as a conservative lender? 

[HiLine]

Probably some will, but the majority will say that they are not at all. I personally would say they are the opposite of conservative. 

[stevenngu92]

In my experience it seems that they are conservative on starting CLs, but aren't later on when one decides to request a CLI (hard pull).

[wacdenney]

I'm not sure if it's just different underwriting or what, but they have kindof been all over the place for me.  I had to take an HP for a CLI just to get me BofA Cash Rewards card up to 3.9k after 2 years of perfect payment history, but they gave me a starting limit of 5k on my Fidelity AMEX. 

[Gollum]

BoA was a primary player in the real-estate / financial collapse seven years ago, so I would not call it a conservative lender:

http://www.forbes.com/sites/nathanvardi/2014/08/21/bank-of-americas-16-65-billion-settlement-and-the... (August 21, 2014)

A conservative lender is a bank like Simmons First.

I would ask a local bank and/or local credit union if they can offer something comparable to whatever it is you are considering instead of a megabank (BoA, for instance).

[baller4life]

Conservative? BOA? Not!

[CreditCuriosity]

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@Gollum wrote:

BoA was a primary player in the real-estate / financial collapse seven years ago, so I would not call it a conservative lender:

http://www.forbes.com/sites/nathanvardi/2014/08/21/bank-of-americas-16-65-billion-settlement-and-the... (August 21, 2014)

A conservative lender is a bank like Simmons First.

I would ask a local bank and/or local credit union if they can offer something comparable to whatever it is you are considering instead of a megabank (BoA, for instance).

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+1

[Anonymous]

Certainly not with me.  I have 4 cards.  Smallest limit is $24,888, others much higher.  CSR is very spotty however.  Sometimes a request (

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@Anonymous wrote:

Does anyone think of them as a conservative lender? 

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PC for example) takes multiple calls or e mails.

[chalupaman]

Conservative on inquiries basically. Heard a lot about how generous they can be once you've established some history with them.

[MoreRewards]

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@Gollum wrote:

BoA was a primary player in the real-estate / financial collapse seven years ago, so I would not call it a conservative lender:

http://www.forbes.com/sites/nathanvardi/2014/08/21/bank-of-americas-16-65-billion-settlement-and-the... (August 21, 2014)

A conservative lender is a bank like Simmons First

I would ask a local bank and/or local credit union if they can offer something comparable to whatever it is you are considering instead of a megabank (BoA, for instance).

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Have a agree here. I dont think they know the meaning of conservative. 

http://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to-fail-20120314