topic Re: BofA Premium Rewards questions in Credit Card Approvals

BofA Premium Rewards questions

wasCB14 — Fri, 13 Dec 2019 01:06:28 GMT

9/17 - I opened a Merrill Edge account and transferred in some assets for a nice cash promo

9/21 - I set up a BofA checking account

Minutes ago - I enrolled in Preferred Rewards and was assigned Platinum Honors

1. Should I wait a few days for BofA's website to process the PH status before applying for a Premium Rewards card? Checking balance is $1 with no activity other than an initial deposit. Edge balance is slightly over $500k with a few trades. Would a $500 cash deposit into checking make any difference in the "relationship" variety?

2. How long does Premium Rewards take to arrive? I'm in the Los Angeles area and it would be nice to have it before flying on 12/20.

Re: BofA Premium Rewards questions

coldfusion — Fri, 13 Dec 2019 02:00:40 GMT

@wasCB14 wrote:
9/17 - I opened a Merrill Edge account and transferred in some assets for a nice cash promo
9/21 - I set up a BofA checking account
Minutes ago - I enrolled in Preferred Rewards and was assigned Platinum Honors

1. Should I wait a few days for BofA's website to process the PH status before applying for a Premium Rewards card? Checking balance is $1 with no activity other than an initial deposit. Edge balance is slightly over $500k with a few trades. Would a $500 cash deposit into checking make any difference in the "relationship" variety?
2. How long does Premium Rewards take to arrive? I'm in the Los Angeles area and it would be nice to have it before flying on 12/20.

I wouldn't bother with adding money to your checking account as the BoA and Merrill status is consolidated, they'll see the $500K of assets in Merrill.

You can check your status by logging to your online account or using the mobile app. If using the mobile app at the top of the Accounts page you will see a Hello, WasCB14 and right under that "Preferred Rewards Platinum Honors Member" or if logged in via browser there will be an icon on the upper right next to "Enrolled Since December 2019" with "Preferred Rewards Platinum Honors". You may not see the status tonight but you very well might after tonight's nightly batch update completes - sometime around 5AM EST.

You'd be cutting it close at best if you wanted the card for 12/20.

Re: BofA Premium Rewards questions

coldfusion — Fri, 13 Dec 2019 02:10:04 GMT

Forgot to mention that for the best chance of having the card for 12/20 I would think hard about applying for the card tonight. If the decision were deferred I would expect a manual review to be performed tomorrow; if approved there's still a chance for you to have the card by 12/20. Deferred applications are reviewed during weekday business hours.

Re: BofA Premium Rewards questions

simplynoir — Fri, 13 Dec 2019 02:18:41 GMT

@coldfusion wrote:
Forgot to mention that for the best chance of having the card for 12/20 I would think hard about applying for the card tonight. If the decision were deferred I would expect a manual review to be performed tomorrow; if approved there's still a chance for you to have the card by 12/20. Deferred applications are reviewed during weekday business hours.

Ditto applying tonight if you can. Assuming it goes pending you'll want to talk to their credit department to rush the app. If approved talk to them about expediting the card. It might be possible if you explain why you need it quickly though you might have to pay a delivery fee if they don't waive it

Re: BofA Premium Rewards questions

wasCB14 — Fri, 13 Dec 2019 02:19:12 GMT

I may apply tonight. If it doesn't arrive I will be having USPS hold my mail, anyway. The card can just sit at the post office for a while, and I won't have any trouble meeting minimum spend in a shorter period.

Re: BofA Premium Rewards questions

wasCB14 — Fri, 13 Dec 2019 02:21:56 GMT

They usually pull EX I think? I'll unfreeze all just to be safe.

All or nearly all my pulls are EX.

Re: BofA Premium Rewards questions

coldfusion — Fri, 13 Dec 2019 02:23:05 GMT

@wasCB14 wrote:
They usually pull EX I think? I'll unfreeze all just to be safe.

All or nearly all my pulls are EX.

Yes - almost exclusively an EX HP for new applications.

Re: BofA Premium Rewards questions

wasCB14 — Fri, 13 Dec 2019 02:46:38 GMT

Instantly approved for $17k.

Low for me these days, but it can grow. Still quite useful, and it's not like it has an intro 0% period. No APR specified.

Should I call to expedite? Does anyone have the number?

Re: BofA Premium Rewards questions

simplynoir — Fri, 13 Dec 2019 03:05:45 GMT

@wasCB14 wrote:
Instantly approved for $17k.

Low for me these days, but it can grow. Still quite useful, and it's not like it has an intro 0% period. No APR specified.

Should I call to expedite? Does anyone have the number?

Congrats, sir

1-800-732-9194 you'll be placed priority for service being Platinum Honors and just tell them if they can expedite the card for travel next week

Re: BofA Premium Rewards questions

wasCB14 — Fri, 13 Dec 2019 03:13:50 GMT

@simplynoir wrote:
@wasCB14 wrote:
Instantly approved for $17k.

Low for me these days, but it can grow. Still quite useful, and it's not like it has an intro 0% period. No APR specified.

Should I call to expedite? Does anyone have the number?
Congrats, sir

1-800-732-9194 you'll be placed priority for service being Platinum Honors and just tell them if they can expedite the card for travel next week

I called 888-888-RWDS. It took 14 minutes to get a rep (though the ID verification via debit last 4 digits at the beginning mentioned I was PH...) and the rep said to call back tomorrow since the card number hadn't generated yet.

Not sure whether to call the number you gave tomorrow or tonight.

Re: BofA Premium Rewards questions

simplynoir — Fri, 13 Dec 2019 03:15:32 GMT

@wasCB14 wrote:
@simplynoir wrote:
@wasCB14 wrote:
Instantly approved for $17k.

Low for me these days, but it can grow. Still quite useful, and it's not like it has an intro 0% period. No APR specified.

Should I call to expedite? Does anyone have the number?
Congrats, sir

1-800-732-9194 you'll be placed priority for service being Platinum Honors and just tell them if they can expedite the card for travel next week
I called 888-888-RWDS. It took 14 minutes to get a rep (though the ID verification via debit last 4 digits at the beginning mentioned I was PH...) and the rep said to call back tomorrow since the card number hadn't generated yet.

Not sure whether to call the number you gave tomorrow or tonight.

I'd try tomorrow morning. I would hope they have the card number in their computers by then. Wouldn't hurt to try the number up there if you want

Re: BofA Premium Rewards questions

coldfusion — Fri, 13 Dec 2019 04:17:51 GMT

Congrats on the approval! $17K is a fairly common SL from BoA across their core cards and is in fact quite a good one from them for any of them.

You shouldn't have much trouble growing it significantly due to your significant assets in Merrill even if your requests get deferred to a senior analyst, and don't be surprised if you see the "request a credit limit increase" hyperlink show up long before 90 days.

Re: BofA Premium Rewards questions

AllZero — Fri, 13 Dec 2019 04:19:03 GMT

Congratulations on your approval!

Re: BofA Premium Rewards questions

soxfaininfl — Fri, 13 Dec 2019 04:58:05 GMT

Congratualation on your approval!

Re: BofA Premium Rewards questions

wasCB14 — Fri, 13 Dec 2019 15:29:55 GMT

I called 1-800-732-9194 just now. The rep said the card should arrive tomorrow via UPS for no additional fee.

~10 minute wait this time.

Re: BofA Premium Rewards questions

M_Smart007 — Fri, 13 Dec 2019 15:30:00 GMT

Congratulations on your approval!

Re: BofA Premium Rewards questions

simplynoir — Fri, 13 Dec 2019 16:04:28 GMT

@wasCB14 wrote:
I called 1-800-732-9194 just now. The rep said the card should arrive tomorrow via UPS for no additional fee.

~10 minute wait this time.

Nice. Enjoy the card on your trip; really nice like AR with Samsung Pay to not worry about categories 😂🍸

Re: BofA Premium Rewards questions

coldfusion — Fri, 13 Dec 2019 17:36:51 GMT

@wasCB14 wrote:
I called 1-800-732-9194 just now. The rep said the card should arrive tomorrow via UPS for no additional fee.

~10 minute wait this time.

FYI IME 10-15 minutes is an unusually long wait for an Honors client but it's happened to me. I've also called and gotten a live transfer to a qualified CSR so you never know.

Re: BofA Premium Rewards questions

wasCB14 — Sat, 14 Dec 2019 18:44:55 GMT

@coldfusion wrote:
@wasCB14 wrote:
I called 1-800-732-9194 just now. The rep said the card should arrive tomorrow via UPS for no additional fee.

~10 minute wait this time.
FYI IME 10-15 minutes is an unusually long wait for an Honors client but it's happened to me. I've also called and gotten a live transfer to a qualified CSR so you never know.

Arrived via UPS!

Re: BofA Premium Rewards questions

AllZero — Sat, 14 Dec 2019 18:51:31 GMT

@wasCB14 wrote:
Arrived via UPS!

Great news. Time to put some spend on it.