topic Re: Applying for a new Credit Card. in Credit Card Applications

Applying for a new Credit Card.

Venom911 — Sat, 14 Jan 2017 06:24:36 GMT

HI, I was considering applying for Bank of America cash rewards credit card. I have 9 hard inquiries that happened when a car dealership tried to pull my history and score when I had none. I've never missed a payment. I always paid in full before the due date. My utilization is below 6%, no high balances on any of the cards. I make around 25K a year, I know it's low but I manage my money wisely. I also have an American Eagle retail card with CL 700 and GAP card with CL 400.

EX: 714
TransUnion: 745
Equifax: I don't know yet.

So, my question is Do I stand a chance in being approved for this card or no?

Re: Applying for a new Credit Card.

AverageJoesCredit — Sat, 14 Jan 2017 12:18:57 GMT

Looks good, i say youve nothing to lose. Once you get in with Boa, itll be a ride for sure

Re: Applying for a new Credit Card.

EAJuggalo — Sat, 14 Jan 2017 13:36:50 GMT

I'd say you have a decent chance. Have you checked the pre-quals to see what they say? How long is your credit history and where are you getting those scores from?

Re: Applying for a new Credit Card.

fltireguy — Sat, 14 Jan 2017 15:01:34 GMT

And IF BofA denies you and offers you the 99/500 offer, take it!! It'll insecure in 6 months or less, and will be well worth your while

Re: Applying for a new Credit Card.

Venom911 — Sat, 14 Jan 2017 22:00:16 GMT

No, I haven't checked the pre-quals. My oldest account is w yrs with an avg. of 13 months. I've an account on Experian and I pulled my free annual report in 2016.

Re: Applying for a new Credit Card.

AverageJoesCredit — Sun, 15 Jan 2017 02:05:28 GMT

Im not too convinced Boa's prequals work. They seem more like generic this is what you may like, similar to Discovers.

Re: Applying for a new Credit Card.

Anonymous — Sun, 15 Jan 2017 03:00:06 GMT

@AverageJoesCredit wrote:
Im not too convinced Boa's prequals work. They seem more like generic this is what you may like, similar to Discovers.

I agree AJC, their pre-qual is very generic. I've been debating app-ing for a card from them at some point but am not a fan of the generic pre-qual.