topic Re: Bank of America Cash Rewards recon denied? in Credit Card Applications

Should I apply for 2nd BBR?

Subexistence — Wed, 24 May 2017 17:09:07 GMT

I applied and got BBR today then applied for cash rewards and was denied with recon denied too. Reasons for denial are

Age is too young

My AAoA is 6 months and my AoOA is 7 months.

Already applied for a credit card the same day

I applied for BBR today and got limit of $1,100

Enough Limit has been extended

Apparently $1,100 is a lot?

EX08 719

I think if I apply for my 2nd BBR of the day, I will be denied. But it's still worth the effort right? I mean it still rides on my previous inquiry so no more inquries so could a rejection really hurt? Before I jump it again I need to know the chances I could get flagged as a churner and have my original BBR shut down.

Bank of America Cash Rewards recon denied?

Subexistence — Wed, 24 May 2017 15:40:29 GMT

The reasons for denial include

Age is too young

My AAoA is 6 months and my AoOA is 7 months.

Already applied for a credit card the same day

I applied for BBR today and got limit of $1,100

Enough Limit has been extended

Apparently $1,100 is a lot?

EX08 719

Re: Bank of America Cash Rewards recon denied?

fltireguy — Wed, 24 May 2017 16:26:09 GMT

In their eyes, it very well may be with a short history.
Many people with 700+ scores are denied an unsecured card completely, and are offered the 99/500 secured card (which really is a great card)

Your limit will grow FAST. They have been great to work with as far as I am concerned - don't be surprised if you have a $15000 limit within 12 months!

Re: Bank of America Cash Rewards recon denied?

fltireguy — Wed, 24 May 2017 16:26:50 GMT

Good thing you jumped on the BBR today - since it's discontinued as of tomorrow for new apps.

Re: Bank of America Cash Rewards recon denied?

Subexistence — Wed, 24 May 2017 17:10:26 GMT

@fltireguy wrote:
In their eyes, it very well may be with a short history.
Many people with 700+ scores are denied an unsecured card completely, and are offered the 99/500 secured card (which really is a great card)

Your limit will grow FAST. They have been great to work with as far as I am concerned - don't be surprised if you have a $15000 limit within 12 months!

I wasn't offered a secured card.

Re: Should I apply for 2nd BBR?

UncleB — Wed, 24 May 2017 17:20:44 GMT

I think you already know the answer to your question.

Re: Should I apply for 2nd BBR?

AverageJoesCredit — Wed, 24 May 2017 17:27:42 GMT

Ive had my BBR over a year, and about 2 months ago during my mini dpree tried for another and was a no go. Yes they used a previous pull so thsnkfully didnt get the hp but sometimes when you are first building history with a cc company, your extended credit may be limited to what they feel comfortable with. Congrats on getting approved though for one.

Re: Should I apply for 2nd BBR?

Subexistence — Wed, 24 May 2017 18:09:36 GMT

@AverageJoesCredit wrote:
Ive had my BBR over a year, and about 2 months ago during my mini dpree tried for another and was a no go. Yes they used a previous pull so thsnkfully didnt get the hp but sometimes when you are first building history with a cc company, your extended credit may be limited to what they feel comfortable with. Congrats on getting approved though for one.

Thx, I guess it's really just asking for a rejection.

Re: Should I apply for 2nd BBR?

Subexistence — Wed, 24 May 2017 18:21:25 GMT

I tried and was rejected. Should I recon?

Rejected 2nd BBR

Subexistence — Wed, 24 May 2017 18:27:13 GMT

I applied for 2nd BBR today and was rejected. My first BBR today went through but my a cash rewards application failed and so did a second BBR. My reconsideration was denied today for Cash rewards, should I try to recon BBR denial?

http://ficoforums.myfico.com/t5/Credit-Card-Applications/Bank-of-America-Cash-Rewards-recon-denied/m-p/4957742#M163172

Re: Should I apply for 2nd BBR?

Aduke1122 — Wed, 24 May 2017 20:35:13 GMT

No I would cool it off , your lucky to have gotten the first one bc your file is so new and you have had a lot of apps and accounts right ?

Re: Should I apply for 2nd BBR?

Aduke1122 — Wed, 24 May 2017 20:36:18 GMT

And 1100 is a good SL for someone who only has a AAOA of 7 mths

Re: Bank of America Cash Rewards recon denied?

Aduke1122 — Wed, 24 May 2017 20:38:44 GMT

That's bc they already approved you for the first one today

Re: Bank of America Cash Rewards recon denied?

Aduke1122 — Wed, 24 May 2017 20:39:49 GMT

They are saying they only feel comfortable extending to you that one card and that 1100 is the max amount they want to extend now so just hold tight it will grow eventually

Re: Rejected 2nd BBR

Aduke1122 — Wed, 24 May 2017 20:43:55 GMT

You better stop while you are ahead I'm not trying to be rude but you keep making the same post over and over and you keep getting the same answer over and over , you got approved for the first BBR 1100 is all they will extend to you at this time , as I said bf your file is very very new only 7 mths old , you are moving way too fast . Don't app for anything else with them until you have some history under your belt with your Bbr then I'm sure you will get a second card .

Re: Rejected 2nd BBR

Anonymous — Wed, 24 May 2017 21:37:12 GMT

I guess my question is do you need another? If you were denied twice today, I would probably say a recon won't help the situation. The more you chase the more you'll get burned. Good luck with whatever decision you make!

Re: Bank of America Cash Rewards recon denied?

Anonymous — Wed, 24 May 2017 21:40:14 GMT

For having a AAoA of 7 months, that's not a bad SL. I totally understand wanting CC's, but there comes a time to know that it may be enough for the moment. It's awesome you were approved for the 1 BBR, let it grow. Age your accounts. Your limits will grow. Credit isn't a game to rush.

Re: Should I apply for 2nd BBR?

Anonymous — Wed, 24 May 2017 21:45:38 GMT

What is BBR?

Re: Should I apply for 2nd BBR?

Aduke1122 — Wed, 24 May 2017 21:56:49 GMT

Better Balance Rewards card by Bank of America its being discontinued and today is the last day to app for it

Re: Bank of America Cash Rewards recon denied?

Aduke1122 — Wed, 24 May 2017 21:58:12 GMT

+100 Smc4getnot