Re: Bank of America question
10-19-2012 01:46 PM
So I got my Bank of America cash rewards card a week ago and it started reporting before I even got the card in the mail. Didn't think much of it but now I see they reported a balance already and I haven't had a statement cut. Is this normal for bofa? i planned to run this card up and pif every month but I really don't want every balance reporting. does bofa report weekly or something??
Nah, but they have to report *something* to the bureaus and it could have been a statement close, or just the balance of the day (much like a mid-cycle report).
BOFA will sometimes do this but with less historical frequency than Discover anecdotally; usually it happens because there's a change to your account that needs to be reported to the bureaus. BOFA is sorta ninja-like in my experience on those things compared to many other lenders. Pretty much every change I had on my BOFA secured product seemed to trigger a mid-cycle report... I would expect a new account would be similar.
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)
Take the myFICO Fitness Challenge