09-23-2013 02:56 PM
I received an offer in the mail for a BOA card. It's a cool looking all-white credit card, and it offers 3% cash back on gas which would complement my Amex BCE nicely. It also has a $100 cash back offer which I should get no problem. I already have a BOA card, which has been in good standing since I opened it in 2008.
My issue is I have 8 inquiries on my EX report, which is what I've read BOA pulls. Two were from May for CC apps, two were from April for my mortgage, and four were from Sept 2012 for an auto loan which has since been paid off. (However, my FICO score is in the 740s last I checked a couple months ago.) Another issue is I recently checked for pre-approved offers on the BOA website and they didn't have any for me -- which can't be a good sign!
I guess my first question is, is BOA inquiry sensitive? Also, are they good at giving out second accounts?
I've heard that it's better to call BOA to apply for new CCs than to apply online. Especially for borderline apps, you have a better chance at approval when you speak to a person at BOA. Any truth to this? Anecdotal evidence appreciated!
Thanks in advance for any advice! I'd love to get this card, but would hate to waste a HP for a sure denial. Someone please talk me into or out of this!
09-24-2013 09:40 PM - edited 09-24-2013 09:54 PM
I have 3 BofA CC (Travel Rewards, Better Balance Rewards & Privileges Cash Rewards). The app process was pretty much straightforward (I did them all online) and didn't have any problem with any of them except the last one since I've accumulated quite a few inquiries.
My scores were all in the 700's range and all of my CL starts at $5k except that last one ($4k). They can also move the credit line between any of the card for you and will ask you how much you wanna leave on each card, etc. I wouldn't say they're inquiry-sensitive since they approved me for that last card when I have over 10 inquiries. lol
09-24-2013 10:51 PM
09-25-2013 04:25 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.