Re: BOA or Target Visa?
08-29-2008 11:18 PM
Which is a better card, better approvals, higher CLs?
Efax is best with 725 and a ready to drop off Cap1 CO
TU for some reason is 40 points lower it has a 4 1/2 year old unpaid Cell Phone Collection.
Experian somewhere in between.
For what it is worth, BOA also sent me a pre-approved Platinum Plus in the mail, my first pre-approved offer ever.
Also online for first time they pre-approved me.
BoA by far. You applied to the right one. More than likely, you'll get a $200-$500 store card with Target...not their Visa...which seems to be what you're wanting?
Target pulled Equifax on me.
Good luck with the BoA approval!
Not necessarily.....BOA gave me a $2500 limit while Target gave me a $6000 Visa in the same month. BOA did give me a much better APR than Target but APR doesn't matter to me that much because I pay in full. My scores were in the the mid 700's at the time so.....YMMV.
That is defnintely a great credit line from Target, but as you can see on numerous posts on here and that "other board" ...extremely rare to get the Visa right off the mark, and very much a YMMV. FICOs don't seem to play into it as much as other cards. Mine was 768 when I app'd, but I think that's what got me the $500 vs. normal $200 starting CL. I did actually WANT the store card and stated it, though, when contacted for identity verification, but I still think I would've gotten the store card, because virtually everyone does. There are some really high CL gurus on here or the other board, who get the $200 or $300 red card as well. So, yes, yours is all the more amazing!
I still say BoA is the safe bet, and much more generous with CLIs down the road. But yes, very much YMMV as you've proven. I'll predict (safely) that your BoA CL surpasses your Target CL rather quickly, if all things remain steady and on good terms.
Honestly, I was surprised by the credit limit myself. I hadn't applied for a credit card in ages and usually say no. If I had known that they are so quirky when it comes to granting Visas compared to their store card, I probably would have never applied. But it all worked out in the end. Now I just have to work on getting them to lower my ridiculous APR.
Just curious, why did you specifically want just the store card?