topic Re: Bank of America 3-2-1 Pre-Selected in Credit Card Applications

Bank of America 3-2-1 Pre-Selected

Anonymous — Mon, 23 Jan 2017 23:07:21 GMT

I just noticed that my Bank of America account of 10+ years has me preselected for a Bank of America 3-2-1 card and I also just received an e-mail about it. I'd have noticed it before so I know it's a relatively recent addition, and in fact I actually had the pre-select for the secured before I entered the world of credit.

I did some research of the forums and found that people claimed if you have a single APR and not a range, this means your odds are very good. I have a 17.49% APR listed on the offer.

I only have 2 hard inqs on TU and 3 hard inqs on EQ. My scores are 677/672 respectively (FAKO for now).

Should I go for it?

Re: Bank of America 3-2-1 Pre-Selected

DeeBee78 — Mon, 23 Jan 2017 23:15:52 GMT

@Anonymous wrote:
I just noticed that my Bank of America account of 10+ years has me preselected for a Bank of America 3-2-1 card and I also just received an e-mail about it. I'd have noticed it before so I know it's a relatively recent addition, and in fact I actually had the pre-select for the secured before I entered the world of credit.

I did some research of the forums and found that people claimed if you have a single APR and not a range, this means your odds are very good. I have a 17.49% APR listed on the offer.

I only have 2 hard inqs on TU and 3 hard inqs on EQ. My scores are 677/672 respectively (FAKO for now).

Should I go for it?

BoA prequals are pretty solid, as long as nothing has changed since the soft pull they used to preqal you. That's on the lower end of the APR, so they must like what they see in your report.

As for if you should go for it, does that card work for your spending habits? Personally I have a BBR right now, and will probably get a 321 down the road, but I don't chase rewards as hard as other people do on here.

Re: Bank of America 3-2-1 Pre-Selected

Anonymous — Mon, 23 Jan 2017 23:20:51 GMT

I have the card and I like it. Boa can grow quickly, with another hp usually. But typically, well worth it. My apr is the highest, but I too have an offer now for another 321 rewards with the same apr you see. I plan to ask for an apr reduction after my 0 ends. I think the bonus is 100 bucks right now, but I recently was offered 150. Maybe it will change back.... the prequals seem solid tho if you get a solid apr offer and not a range. Never 100% guaranteed tho . Let us know if you go for it!

Re: Bank of America 3-2-1 Pre-Selected

Anonymous — Mon, 23 Jan 2017 23:22:58 GMT

I have a Capital One QS with a $300 limit so I have 1.5% everywhere currently. I'd be opening it simply to have a second card to build on and for the fact that some of the rewards outpace my QS such as gas and grocery stores.

I have to admit I just opened a Chase checking and had planned to close out my Bank of America, but I could keep both open to keep my bonus rewards.

Before I got the preselect, I was going to wait and apply for an AmEx and then wait 6 more months and try my chances with Chase. I'd have 5 cards at that point and probably garden for years because I'd have all the cards I'd really want (CSP,CF,AmEx,QS,BoA321).

Re: Bank of America 3-2-1 Pre-Selected

AverageJoesCredit — Mon, 23 Jan 2017 23:58:51 GMT

Sound asvice so far. Cant wait til i get offers in my accounts makes ya feelnlike your doing something right. Good luck if you decide to apply

Re: Bank of America 3-2-1 Pre-Selected

Anonymous — Tue, 24 Jan 2017 00:02:59 GMT

Approved! What a rush

Only $1,000 but not bad at all. Not bad at alllll.

Re: Bank of America 3-2-1 Pre-Selected

Anonymous — Tue, 24 Jan 2017 00:06:56 GMT

Nice job! I started at $2500, but somewhere around 4-6 mos I hit the increase request button and got to 6700. Boa does pretty well when you take the pull for the increase. Just give it some time and you'll probably have the option to increase, if you want to. Congrats!

Re: Bank of America 3-2-1 Pre-Selected

Anonymous — Tue, 24 Jan 2017 00:13:19 GMT

Considering my oldest credit card account is at 3 months and I may not even have a FICO, I'm estatic with $1,000.

I'm not sure why it was low. They asked about liquid assets, which I hadn't been asked when doing my CO. I didn't embellish, I have under $5000 so that's what I put. Probably had a lot to do with it.

Is it common to call recon and ask for a higher starting CL?

Re: Bank of America 3-2-1 Pre-Selected

fltireguy — Tue, 24 Jan 2017 00:14:00 GMT

VapeDaddy. One other other nice thing is BofA gives you your TU FICO 08 monthly....

Re: Bank of America 3-2-1 Pre-Selected

Anonymous — Tue, 24 Jan 2017 00:17:08 GMT

That was one of the other reasons I was interested in having this card. Thanks for reminding me.

Re: Bank of America 3-2-1 Pre-Selected

DeeBee78 — Tue, 24 Jan 2017 00:27:55 GMT

@Anonymous wrote:
Considering my oldest credit card account is at 3 months and I may not even have a FICO, I'm estatic with $1,000.

I'm not sure why it was low. They asked about liquid assets, which I hadn't been asked when doing my CO. I didn't embellish, I have under $5000 so that's what I put. Probably had a lot to do with it.

Is it common to call recon and ask for a higher starting CL?

They are recon-friendly, but I can almost guarantee they will ask you to build some history with them before requesting a CLI.

FYI, the CLI's are usually TU HP's, but they don't have a ceiling, and are usually worth it. You can put $25,000 in the CLI form, and they'll counter with the maximum they're comfortable lending you.

They do offer auto-CLI's and sometimes have a SP CLI mailer they send you with a special code, but don't count on receiving those.

Re: Bank of America 3-2-1 Pre-Selected

Anonymous — Sun, 04 Jun 2017 00:20:35 GMT

Vadedaddy... Right there with ya on the Going Green "Gardening" I see people get a card or 2, then go for a third, and close out one of their cards. Which is a mistake, Paying your credit cards on time "or before" is absolutely essential , However what alot of people don't understand is that your credit score will only go so high by paying bills on time, early or even right off. You need to build a Cash worth. Total all your credit cards up and look at it that way. The more available "Key word Here is AVAILABLE " The more you have available the more banks will put up for you, so you can receive a decent amount , income does help and they can even lower your limit if your making less be careful there, back to point: The more money you have available from credit cards is .. 1st It keeps your overall percentage use down, and you really want to be down below 30% if at all possible and that's on a single card or 7 cards. It helps your score, plus you won't look like a risk. If your maxing out cards.. or close, then asking for cards elsewhere. ..? It's a red flag for sure. 2nd I don't know how many people realize this, but the more money you have available the better your score will be. "What's that" You may ... "May-be " asking.? Your score will go up the more money you have available. I didn't know that til recently myself. This is Not at sll directed to you Mr. Vadedaddy. Just wanted to comment on the initial post, and liked your name. Hope it helps someone. Happy Gardening. 😤 😥 😧 😎 👍👍

Re: Bank of America 3-2-1 Pre-Selected

Anonymous — Sun, 04 Jun 2017 00:21:28 GMT

*Vapedaddy. Not Vadedaddy. Sorry about that.