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I just closed one of my BoA accounts.

Moderator Emeritus

I just closed one of my BoA accounts.

I had 2 accounts with them and for several years now have thought about combining CL's and closing one of them . So today I decided to finally do it. I closed a M/C that was only used to autopay my XM Radio bill each month and moved that CL to my 1-2-3 Visa Signature card.

 

I now have one less CC to manage each month. I'm down to 6 cards and that's still probably too many but I can live with that number for now. All in all I'm glad I made the move.

Message 1 of 13
12 REPLIES
Moderator Emeritus

Re: I just closed one of my BoA accounts.

BofA will miss you...halfway.

Message 2 of 13
Moderator Emeritus

Re: I just closed one of my BoA accounts.


llecs wrote:

BofA will miss you...halfway.


They'll just have to get over it.

Message 3 of 13
Super Contributor

Re: I just closed one of my BoA accounts.

 

Did they at least make a half~hearted attempt to keep your account open ?

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 4 of 13
Highlighted
Senior Contributor

Re: I just closed one of my BoA accounts.

It's one of those weird things, MVV. We work like heck to repair, build, or whatever credit and then hit a point of "Less is more". Smiley Happy

 

My 5-6 year plan is trim down to 2-3 cards.


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Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Message 5 of 13
Moderator Emeritus

Re: I just closed one of my BoA accounts.


pizzadude wrote:

 

Did they at least make a half~hearted attempt to keep your account open ?


It was more like a quarter-hearted attempt. The CSR didn't really push keeping it open.

Message 6 of 13
Blogger

Re: I just closed one of my BoA accounts.

Unless they can sell you something, they don't care.

That's why they are #1 in the 2012 Customer Hall of Shame!

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Message 7 of 13
Moderator Emeritus

Re: I just closed one of my BoA accounts.


drkaje wrote:

It's one of those weird things, MVV. We work like heck to repair, build, or whatever credit and then hit a point of "Less is more". Smiley Happy

 

My 5-6 year plan is trim down to 2-3 cards.


I agree. I opened those 2 accounts back in 2004; long before I found myFICO and learned that opening cards just to open them without a master plan is rather foolish.

 

I might close several more in the next few years but for now I'll stand pat.

Message 8 of 13
Moderator Emeritus

Re: I just closed one of my BoA accounts.


FrugalRican wrote:

Unless they can sell you something, they don't care.

That's why they are #1 in the 2012 Customer Hall of Shame!


I respect your opinion but I don't consider them any better or any worse than any of my other CC issuers. I've had good and bad experiences with all of them.

 

As an update it did cost me a hard pull to do this but it's no big deal. It's the first inquiry I've had in almost 3 years and I don't foresee applying for any new credit for a long time.

Message 9 of 13
Blogger

Re: I just closed one of my BoA accounts.

That's not my opinion. I can't cite the article, since I'm at work but I did read it on MSN today.

A report/poll came out today, BoA came out #1, AOL was #2, Comcast was #3 (I believe).

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Message 10 of 13