topic Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship in Credit Card Approvals

Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

Anonymous — Mon, 05 Apr 2021 21:34:54 GMT

First Post

Thank You especially to moderators and all that contribute here.

March 9 2021. Wanted to app for Premium Rewards. After reading how elusive this card can be decided to go for Cash Rewards to establish relationship. No deposits or any accounts ever with BOA. This is exactly 1 year to date being declined for same card (CR) last year March 9 2020. Broke the 3/12 last year , I was 3/3. No more revolvers for 12 months, inquiry and new account points back. Instant approval not the greatest but pretty good 8K.

March 18 2021, BOA sends email, still looking for new cards. I'm like....hmmm this is from prequal I run before CR app. Check prequal again, shows all cards except CR directing me to Travel Rewards. Well if CR is not on here then this email was not from previous prequal. I know their prequal is marketing because I run it last year as well.

Come back here and do more reading. Discover BOA uses same hard pull for multiple apps if in 30 day window. If this is true then why not gamble? Is relationship established through Cash Rewards ( 9 days old)? Roll the dice on Premium Rewards, wheel spins ........................... Thank You in Review!

Did nothing except check online status every few days. March 29 2021 get email, Approved 17K!

Apparently a 9 day old Cash Rewards account did establish relationship and they did use same inquiry from 3/9/2021. Made a $2500 transaction on CR card, set up three depository accounts from other banks on bill pay and paid 2k of the 2.5K right after applying for Premium Rewards.

They checked Experian Fico 8 - 794

Inquiries 10/24 - 3/24 scorable

AoOA - 14 years

AAoA - 3.5 years

Util - >1%

DTI - 5%

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

Anonymous — Mon, 05 Apr 2021 21:41:19 GMT

Congrats on your approval🎉. Also applied for the same BofA card and was accepted with no relationship. I've never had an auto CLI with that card unfortunately, had to manually request it. Amazing card nonetheless. 👍

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

AllZero — Mon, 05 Apr 2021 22:02:03 GMT

Congratulations on your approvals!

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

M_Smart007 — Mon, 05 Apr 2021 22:16:49 GMT

Congratulations on your approvals! ...

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

cashorcharge — Mon, 05 Apr 2021 23:29:29 GMT

That's terrific! Congratulations on your approvals!! 🎉🥂

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

gdale6 — Mon, 05 Apr 2021 23:34:08 GMT

Grats on the double approvals out of BoA and welcome to myFico

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

Mr_Mojo_Risin — Mon, 05 Apr 2021 23:40:35 GMT

Congratulations, those are some fantastic approvals! Enjoy them!

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

CreditAggie — Tue, 06 Apr 2021 00:52:24 GMT

Congratulations on your BofA approvals!

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

Anonymous — Tue, 06 Apr 2021 01:19:21 GMT

Thanks for dps. This is the thread I needed. Congrats on your success.

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

Anonymous — Tue, 06 Apr 2021 02:03:53 GMT

Congratulations on your approvals!

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

MyFault — Tue, 06 Apr 2021 03:02:34 GMT

Congrats on your approval!

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

firefox100 — Tue, 06 Apr 2021 17:43:45 GMT

@Anonymous wrote:
First Post

Thank You especially to moderators and all that contribute here.

March 9 2021. Wanted to app for Premium Rewards. After reading how elusive this card can be decided to go for Cash Rewards to establish relationship. No deposits or any accounts ever with BOA. This is exactly 1 year to date being declined for same card (CR) last year March 9 2020. Broke the 3/12 last year , I was 3/3. No more revolvers for 12 months, inquiry and new account points back. Instant approval not the greatest but pretty good 8K.

March 18 2021, BOA sends email, still looking for new cards. I'm like....hmmm this is from prequal I run before CR app. Check prequal again, shows all cards except CR directing me to Travel Rewards. Well if CR is not on here then this email was not from previous prequal. I know their prequal is marketing because I run it last year as well.

Come back here and do more reading. Discover BOA uses same hard pull for multiple apps if in 30 day window. If this is true then why not gamble? Is relationship established through Cash Rewards ( 9 days old)? Roll the dice on Premium Rewards, wheel spins ........................... Thank You in Review!

Did nothing except check online status every few days. March 29 2021 get email, Approved 17K!

Apparently a 9 day old Cash Rewards account did establish relationship and they did use same inquiry from 3/9/2021. Made a $2500 transaction on CR card, set up three depository accounts from other banks on bill pay and paid 2k of the 2.5K right after applying for Premium Rewards.

They checked Experian Fico 8 - 794
Inquiries 10/24 - 3/24 scorable
AoOA - 14 years
AAoA - 3.5 years
Util - >1%
DTI - 5%

Congratulations on your 2 new credit cards from BOA, and welcome to my fico boards. If you don't mind what was your income reported on the applications.

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

SEAlifer — Tue, 06 Apr 2021 21:41:17 GMT

Re: Bank America, BOA Cash Rewards and Premium Rewards, No Relationship

Anonymous — Tue, 06 Apr 2021 18:56:10 GMT

Should also add actual DTI=20%. All my reports show 5% so it gets stuck in my head. My mortgage is with a small in town S&L that does not report to any bureau (bad for me 70% equity) and this payment amount was on application. Non reporting leads to another story of being scoreless for 3 years!

Once again very sincere thanks to all that contribute here, just trying to add DPs that may help someone else!

@firefox100

Self Employed and SL(s) for both equals roughly 30% of income, sure you can get close from this