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Valued Member
Posts: 34
Registered: ‎03-07-2008
0

Re: To keep or get rid of BOFA

It won't help.  I had over 10k between a savings and checking account with them, but that did not matter.  I was told "it's the price of doing business".  Recently did a product change so I will see if the annual fee follows me over.  If so, I will head into a branch to see if it can be waived.

Valued Contributor
Posts: 1,998
Registered: ‎03-31-2008
0

Re: To keep or get rid of BOFA

Still trying to decide what I'm going to do one mind is telling me to keep it open an another is telling me to close it. I'm doing a BT on the card this week to pay off the account I also redeemed all my rewards off the card.


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Established Contributor
Posts: 545
Registered: ‎09-12-2010
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Re: To keep or get rid of BOFA

If your scores are right, I'd find a replacement card from a different bank for it, wait till this will be approved (maybe you should wait until the paid-down balance will update on your reports) and then close BoA. I think that's what I would do. It all depends whether you're in a good spot credit-wise. If you've got lots of inquiries and balances, I wouldn't attempt to replace that card right now, perhaps pay the AF once and then close next year when you have a better card to replace it.

Paying for a BoA CC? Some are decent but not worth the AF in my opinion. If customers at BoA accept this practice, other creditors will follow suit.

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Posts: 1,998
Registered: ‎03-31-2008
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Re: To keep or get rid of BOFA


wollepopolle wrote:

If your scores are right, I'd find a replacement card from a different bank for it, wait till this will be approved (maybe you should wait until the paid-down balance will update on your reports) and then close BoA. I think that's what I would do. It all depends whether you're in a good spot credit-wise. If you've got lots of inquiries and balances, I wouldn't attempt to replace that card right now, perhaps pay the AF once and then close next year when you have a better card to replace it.

Paying for a BoA CC? Some are decent but not worth the AF in my opinion. If customers at BoA accept this practice, other creditors will follow suit.


Not sure what my credit scores are I'm sure there pretty good. I was just approved for Discover More & Chase Freedom last week. I would BT the balance from BOFA to Chase an then close BOFA. I really hope I'm making the right decision just not feeling paying a AF. I've had AF cards when i was rebuilding an I'm not trying to go back to that...


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011
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Re: To keep or get rid of BOFA

 


mjbfan79 wrote:

wollepopolle wrote:

If your scores are right, I'd find a replacement card from a different bank for it, wait till this will be approved (maybe you should wait until the paid-down balance will update on your reports) and then close BoA. I think that's what I would do. It all depends whether you're in a good spot credit-wise. If you've got lots of inquiries and balances, I wouldn't attempt to replace that card right now, perhaps pay the AF once and then close next year when you have a better card to replace it.

Paying for a BoA CC? Some are decent but not worth the AF in my opinion. If customers at BoA accept this practice, other creditors will follow suit.


Not sure what my credit scores are I'm sure there pretty good. I was just approved for Discover More & Chase Freedom last week. I would BT the balance from BOFA to Chase an then close BOFA. I really hope I'm making the right decision just not feeling paying a AF. I've had AF cards when i was rebuilding an I'm not trying to go back to that...


Not paying AF is always a good decision (unless no one will give you credit with similar rewards, which is not the case here)

 

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Frequent Contributor
Posts: 293
Registered: ‎05-01-2007
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Re: To keep or get rid of BOFA

I just called and cancelled the blasted account.................If I was rebuilding I would bite the bullet for awhile but now  now way!

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Posts: 1,998
Registered: ‎03-31-2008
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Re: To keep or get rid of BOFA

 


moonman wrote:

I just called and cancelled the blasted account.................If I was rebuilding I would bite the bullet for awhile but now  now way!


They didn't try to keep you at all by waving the AF?

 


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Frequent Contributor
Posts: 293
Registered: ‎05-01-2007
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Re: To keep or get rid of BOFA

 


mjbfan79 wrote:

 


moonman wrote:

I just called and cancelled the blasted account.................If I was rebuilding I would bite the bullet for awhile but now  now way!


They didn't try to keep you at all by waving the AF?

 


Nope....The card service manger just thanked me for being a customer and closed my account.I guess FIA services could give a dang about my account because I bank with them(BOA) but that's coming to an end also.

 

Valued Contributor
Posts: 1,998
Registered: ‎03-31-2008
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Re: To keep or get rid of BOFA

WOW


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Frequent Contributor
Posts: 293
Registered: ‎05-01-2007
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Re: To keep or get rid of BOFA

Today I got a call from card services(FIA)trying to sell me some credit protection for my now closed account. When the crs finished talking and I said the account was closed, he quickly got off the phone and then I got an email survey requesting my experience with the card and customer service.I said the card was fine and customer service has been ok but when i wrote about their crappy credit policies I did not hold back.I am not a BOA basher but it seems relationships with the company starts out sweet but somewhere down the road they do things to make you close an account and I've read many many posters that have done it. just letting off a little steam..........:smileymad:

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