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Regular Contributor
Posts: 169
Registered: ‎02-29-2008
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"Zero Balance" account from BofA; pay off Amex?

In my posts I've been ranting about how AMEX is currently treating me and lowering my CL to just above my balance. It is messing with my score and I want out. I received a "you could qualify" offer from BofA in the mail. It's a consolidation LOC with no annual fee. I immediately thought of paying off the AMEX since they're playing the games with me. But I am a bit scared. If I call to see if they'll approve (I'm 650 fico) and they turn me down, then I've got a hard inquiry to further mess with my score. If they approve but offer me a high interest rate, I wonder if that would be better than the hell i'm in with AMEX. I'm really sweating applying for this, but AMEX is making me sweat AND lose sleep. I don't want a hard pull if I'm not going to get approved. It's administered by FIA Card Services. Anyone heard of?
We gave up the fight and filed BK in 2010. Smiley Sad

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