topic Re: BankAmericard Cash Rewards - getting approved in Credit Card Applications

BankAmericard Cash Rewards - getting approved

medo — Sun, 23 Nov 2014 23:36:35 GMT

Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?

Re: BankAmericard Cash Rewards - getting approved

chwebb1 — Mon, 24 Nov 2014 00:14:25 GMT

@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?

I had no problems getting approved for either my Cash Rewards card, or my Better Balance Rewards card. The APRs currently stink on both (they're currently my highest behind my AMEX Blue Sky, most of my cards are around the 13-16% APR, and they're 18.99 and 19.99%), but I'll see what I can do to get those down soon. I have around a 750 FICO score, though, according to Discover, Barclays, and DCU.

Re: BankAmericard Cash Rewards - getting approved

chalupaman — Mon, 24 Nov 2014 00:20:05 GMT

@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?

I think if you have over a year of credit history and not too many inquiries, you have a decent chance at the card.

Re: BankAmericard Cash Rewards - getting approved

Anonymous — Mon, 24 Nov 2014 00:41:33 GMT

I was approved with the Cash Rewards CC with no credit history at all. Oddly enough (and this was me being 18 years old and not knowledgeable about credit and hard inquiries), I put in an application for the Visa Signature at first and was given the 7-10 day message or something like that. I then applied for the Cash Rewards Platinum Plus (not Visa Signature) and got the same message and ended up calling BoA the next business day and was told I was approved for the BoA Cash Rewards Platinum Plus for $700! I already had one hard inquiry from Citibank about 5 months before that.

I'm not sure and I could definitely be wrong, but I think I was approved because I had over a years worth of checking and direct deposit with BoA.

Re: BankAmericard Cash Rewards - getting approved

Anonymous — Mon, 24 Nov 2014 01:29:06 GMT

I think you have a decent shot. BoA has been good to me. If you bank with them they're good about approving.

Re: BankAmericard Cash Rewards - getting approved

CreditCuriosity — Mon, 24 Nov 2014 01:45:40 GMT

It could go either way... Most likely with a 667 experian you have some baddies.. Depending on what those are is probably going to determine the outcome

Re: BankAmericard Cash Rewards - getting approved

gingerflower — Mon, 24 Nov 2014 03:42:34 GMT

Exactly..With boa If you have any negative they will deny you.I started out with a secured Hawaiian air cc in 2007 in 2008 it was unsecured and was I given an increase to $3000 and currently my limit is $8000 . I now have Alaska air $8000 and signature cash cc $8000. Don't give up, especially if you bank with boa. Good luck!

Re: BankAmericard Cash Rewards - getting approved

gingerflower — Mon, 24 Nov 2014 03:45:37 GMT

Re: BankAmericard Cash Rewards - getting approved

gingerflower — Mon, 24 Nov 2014 03:48:05 GMT

Exactly..With boa If you have any negative they will deny you.I started out with a secured Hawaiian air cc in 2007 in 2008 it was unsecured and was given an increase to $3000 and currently my limit is $8000 . I now have Alaska air $8000 and signature cash cc $8000. Don't give up, especially if you bank with boa. Good luck!

Re: BankAmericard Cash Rewards - getting approved

Anonymous — Mon, 24 Nov 2014 03:59:59 GMT

@chalupaman wrote:
@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?
I think if you have over a year of credit history and not too many inquiries, you have a decent chance at the card.

AND haven't burnt them in the past..

I still can't get back in with them. Really want that BBR card.

Re: BankAmericard Cash Rewards - getting approved

chalupaman — Mon, 24 Nov 2014 04:01:28 GMT

@Anonymous wrote:
@chalupaman wrote:
@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?
I think if you have over a year of credit history and not too many inquiries, you have a decent chance at the card.
AND haven't burnt them in the past..

I still can't get back in with them. Really want that BBR card.

Ouch man. When did you burn them?

Re: BankAmericard Cash Rewards - getting approved

Anonymous — Mon, 24 Nov 2014 04:18:59 GMT

@chalupaman wrote:
@Anonymous wrote:
@chalupaman wrote:
@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?
I think if you have over a year of credit history and not too many inquiries, you have a decent chance at the card.
AND haven't burnt them in the past..

I still can't get back in with them. Really want that BBR card.
Ouch man. When did you burn them?

6 1/2yrs ago.

Paid that C/O as I wanted back in with them. They won't even as much as pull my report.

Re: BankAmericard Cash Rewards - getting approved

chalupaman — Mon, 24 Nov 2014 04:25:28 GMT

@Anonymous wrote:
@chalupaman wrote:
@Anonymous wrote:
@chalupaman wrote:
@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?
I think if you have over a year of credit history and not too many inquiries, you have a decent chance at the card.
AND haven't burnt them in the past..

I still can't get back in with them. Really want that BBR card.
Ouch man. When did you burn them?
6 1/2yrs ago.

Paid that C/O as I wanted back in with them. They won't even as much as pull my report.

I see. Was it for a huge amount or something like that? I thought you were alluding to BK for a second there.

Re: BankAmericard Cash Rewards - getting approved

Anonymous — Mon, 24 Nov 2014 04:33:15 GMT

@chalupaman wrote:
@Anonymous wrote:
@chalupaman wrote:
@Anonymous wrote:
@chalupaman wrote:
@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?
I think if you have over a year of credit history and not too many inquiries, you have a decent chance at the card.
AND haven't burnt them in the past..

I still can't get back in with them. Really want that BBR card.
Ouch man. When did you burn them?
6 1/2yrs ago.

Paid that C/O as I wanted back in with them. They won't even as much as pull my report.
I see. Was it for a huge amount or something like that? I thought you were alluding to BK for a second there.

If I remember correctly it was $600 or $700. It's not even on my reports anymore and hasn't been for 2-3 years.

Re: BankAmericard Cash Rewards - getting approved

Boragard — Mon, 24 Nov 2014 05:26:07 GMT

I just got approved for the BOA 123 card on November 17th. I had to recon to get it. They originally pulled Experian where i have a charge off reporting with a score of 673. I called and they told me it was denied due to the charge off reporting. I asked if they could pull Equifax since no charge offs are reporting on there. They did and approved me, with a small limit of 2k my score in Equifax was 749. On Thursday the 20th, I called and told them I was approved for the card and didn't want the BOA 123 instead I wanted to see if I can get the Better Balance rewards card instead. The CSR checked, came back 10 minutes later and said the conversion was complete and to expect my BBR card in 2 to 4 weeks. She also told me to activate and use the BOA 123 card when that arrives, since the BBR card would take 2 to 4 weeks to receive

Re: BankAmericard Cash Rewards - getting approved

FinStar — Mon, 24 Nov 2014 06:00:41 GMT

@Anonymous wrote:
@chalupaman wrote:
@Anonymous wrote:
@chalupaman wrote:
@Anonymous wrote:
@chalupaman wrote:
@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?
I think if you have over a year of credit history and not too many inquiries, you have a decent chance at the card.
AND haven't burnt them in the past..

I still can't get back in with them. Really want that BBR card.
Ouch man. When did you burn them?
6 1/2yrs ago.

Paid that C/O as I wanted back in with them. They won't even as much as pull my report.
I see. Was it for a huge amount or something like that? I thought you were alluding to BK for a second there.
If I remember correctly it was $600 or $700. It's not even on my reports anymore and hasn't been for 2-3 years.

Bummer. Yes, BoA has a long memory but all is not lost. There's been a few folks who were able to get back with them after several years 8+ or so IIRC. One instance was after 10 years (IIB) and the other one was 9 years (C/O).

Re: BankAmericard Cash Rewards - getting approved

Anonymous — Mon, 24 Nov 2014 06:03:21 GMT

@FinStar wrote:
@Anonymous wrote:
@chalupaman wrote:
@Anonymous wrote:
@chalupaman wrote:
@Anonymous wrote:
@chalupaman wrote:
@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?
I think if you have over a year of credit history and not too many inquiries, you have a decent chance at the card.
AND haven't burnt them in the past..

I still can't get back in with them. Really want that BBR card.
Ouch man. When did you burn them?
6 1/2yrs ago.

Paid that C/O as I wanted back in with them. They won't even as much as pull my report.
I see. Was it for a huge amount or something like that? I thought you were alluding to BK for a second there.
If I remember correctly it was $600 or $700. It's not even on my reports anymore and hasn't been for 2-3 years.
Bummer. Yes, BoA has a long memory but all is not lost. There's been a few folks who were able to get back with them after several years 8+ or so IIRC. One instance was after 10 years (IIB) and the other one was 9 years (C/O).

This is what I figured.

Oh well.

Re: BankAmericard Cash Rewards - getting approved

Anonymous — Tue, 25 Nov 2014 00:52:58 GMT

@medo wrote:
Just curious what the qualifications are. I have credit cards with Chase totalling $15k, a $5k line with a CU, store cards with thousands of dollars in CL, DIscover card for $2k, yet the only thing BofA can offer me is a friggen secured card.

I bank with BofA as my primary bank, but I can't help but feel like I should move my acount over to someone who can feel comfortable to lend me credit. Weird feeling.

My credit is in the 30-40 percent range in utilization with a Experian credit score of 667.

What are your thoughts on this, and what has been others experience with getting credit from BofA?

everytime i have tried the BOA pre-qualified tool it comesback saying NONE for me and i have 2 BOA cards, good thing i apply anyway....

Re: BankAmericard Cash Rewards - getting approved

medo — Tue, 25 Nov 2014 01:09:29 GMT

Thanks for all the responses.

Nixon - interesting to hear that they will not give you a second look especially considered the cards you have in your sig. Wonder what their internal forgiveness time period is.

Re: BankAmericard Cash Rewards - getting approved

Anonymous — Tue, 25 Nov 2014 03:17:19 GMT

@medo wrote:
Thanks for all the responses.

Nixon - interesting to hear that they will not give you a second look especially considered the cards you have in your sig. Wonder what their internal forgiveness time period is.

It is indeed.. I'm not saying I didn't have my share of blame (all) for this, but I would love a second chance..especially since I paid them back.