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Frequent Contributor
firstinlastout
Posts: 339
Registered: ‎12-12-2007
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My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?

I have had a credit card with Pulaski bank for several years now. They notified me that their credit card division was being bought over by Bank of America. Will this affect my credit at all ? I logged onto Bank of America today ( I have to existing accounts with them) and noticed that I had a new account...presumably the Pulaski account. They still have not updated the balance however...it just says balance of zero. Interestingly, I logged into my Pulaski account and that account is still there as well...with correct balances. Will my credit show an additional account being opened or does their system transfer procedure prevent this from affecting someone's credit. Thanks !
God is keeping score....be good to others.
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cheddar
Posts: 6,794
Registered: ‎09-29-2007
0

Re: My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?

Most likely you will end up with a new BofA account on your CRs, but with all the history of the old account.  As long as it inherits the history, FICO won't see it as a new account.
 
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App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
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haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
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Re: My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?

Wow, Pulaski along with Simmons was one of the creme-de-la-creme cards! They must have gotten tired of trying to service the card with their relatively limited financial resources.

Interesting! I wonder if they'll stay at the top of those best-card lists that you see every now and then.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
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dizzier
Posts: 733
Registered: ‎10-23-2007
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Re: My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?

i'd be interested to know what kind of BOA card it is going to be replaced with.
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FICOs: (as of 12-10-08): EX 759 | (as of 01-24-10): EQ 794 TU 756 EX ? | (as of 3-17-11): EQ 794 TU 790 EX ?

Until Chase lowers my ridiculously high APR they can kiss my patootie! Their card has been retired to the sockdrawer. :smileymad:
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jmbfl
Posts: 1,185
Registered: ‎03-04-2008
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Re: My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?

Serious bummer - that was an uber-primo card.
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fused
Posts: 16,373
Registered: ‎03-12-2007
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Re: My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?



jmbfl wrote:
Serious bummer - that was an uber-primo card.


Yes indeed!
Credit Profile -
FICO 08 Scores (11-08-2014): EQ 818, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1

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haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
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Re: My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?


fused wrote:

jmbfl wrote:

Serious bummer - that was an uber-primo card.
Yes indeed!


Could be that they'll just keep the card design and name, but it will be serviced by BofA.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Member
T2J
Posts: 28
Registered: ‎01-07-2008
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Re: My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?

PFDR?
Valued Contributor
athensguy
Posts: 1,291
Registered: ‎02-26-2008
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Re: My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?

BoA doesn't treat their purchased cards as well as their original cardholders from what I've seen.
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Creditaddict
Posts: 22,037
Registered: ‎10-23-2007
0

Re: My Pulaski credit card being bought over by Bank of America. Will it affect my credit ?

My moms Fifth Third Bank card got taken over by BofA. (they issued plan Visa Plat.)
Interesting thing though is, My dads 5/3 account DID NOT get taken over also.
Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:

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