What? Seriously BOFA?

[Anonymous]

Just got the BOFA cash rewards credit card, haven't had it but a week or so, was approved with a small mailer envelope. They sent another one today offering the same card, with an APR 3 percent lower than what I was approved for! I'm like, seriously? That kinda got under my skin a bit. It's there anything I can do about this? Was just wondering. Thanks in advance.

[kdm31091]

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@Anonymous wrote:
Just got the BOFA cash rewards credit card, haven't had it but a week or so, was approved with a small mailer envelope. They sent another one today offering the same card, with an APR 3 percent lower than what I was approved for! I'm like, seriously? That kinda got under my skin a bit. It's there anything I can do about this? Was just wondering. Thanks in advance.

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Unfortunately not really anything you can do - they won't lower your APR until your 0% promo ends anyway. After it expires you can ask about having the ongoing APR lowered (which BOA is often amenable to).

That said, since you're under 0%, it's really irrelevant for the next 12 months.

[Anonymous]

all my BofA cards come w 0% APR for first 12 months 

[Anonymous]

That wasn't what this was concerning but um okay

[Blodreina]

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@kdm31091 wrote:

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@Anonymous wrote:
Just got the BOFA cash rewards credit card, haven't had it but a week or so, was approved with a small mailer envelope. They sent another one today offering the same card, with an APR 3 percent lower than what I was approved for! I'm like, seriously? That kinda got under my skin a bit. It's there anything I can do about this? Was just wondering. Thanks in advance.

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Unfortunately not really anything you can do - they won't lower your APR until your 0% promo ends anyway. After it expires you can ask about having the ongoing APR lowered (which BOA is often amenable to).

That said, since you're under 0%, it's really irrelevant for the next 12 months.

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I got mine lowered, and I'm still within my 0% period.  Granted, I have 6+ months of payment history with the card.

[Anonymous]

That would make sense

[kdm31091]

Even if they do lower it before the promo expires, you have to ask yourself if it really matters. I usually just opt to worry about it when a promotion expires.

[Anonymous]

Very true, I was just inquiring. I was approved for a $900 credit limit, so I'm just happy to be in with BOFA!!

[Anonymous]

That's pretty effed up. I would call and tell them about the other offer then see if they'd match it. Couldn't hurt.  

[Anonymous]

If that card stays maxed it's only a $2.25 difference and, if you're currently maxed (not saying you are or will be) then you have other things to worry about instead of two dollar menu items.