topic Re: BoA chances? in Credit Card Applications

BoA chances?

willwar14 — Sun, 04 Oct 2015 08:20:43 GMT

So my mom is eyeing to app for one last card, any card with BoA. I heard BoA mainly pulls EX which is by FAR her cleanest report, her EX is 693 but oddly enough while her EQ and TU have a public record and a closed collection and her EQ is 695 and her TU is 687. She was able to get approved for these cards: Marriott 22k, CSP 22k, Discover it 14.5k, Arrival+ 3.5k (which is pretty normal SL for Barclays), and the Venture is still pending.

There is some derog stuff on her EX report: A wells fargo home equity loan that was settled about 5 years ago, some 30 day lates on the morgage from about 6 years ago, a 30 day late on her Kohls charge about 5 years ago, and a charge off from their old bank account that is paid from 2 1/5 years ago. No public records on EX and no collections on EX.

So if anyone else needs more info please ask and thank you all so much again.

Re: BoA chances?

willwar14 — Sun, 04 Oct 2015 20:17:28 GMT

Anyone?

Re: BoA chances?

Anonymous — Sun, 04 Oct 2015 23:00:06 GMT

OK. I'll start this one off. I'm going to say go for it. BocA likes clean reports, but your moms EX doesn't appear too bad. Mostly aged 30 day lates, a paid bank account charge off and a WF home equity that was settled for less than the full amount due.
With only three recent inquiries, I'd think she stood a pretty good chance of getting approved especially since she hasn't ever burned them in the past.

Re: BoA chances?

Anonymous — Sun, 04 Oct 2015 23:02:09 GMT

Did she app yet?

Re: BoA chances?

Anonymous — Mon, 05 Oct 2015 01:22:10 GMT

Why BoA in particular?

Re: BoA chances?

willwar14 — Mon, 05 Oct 2015 01:35:47 GMT

She does have 12 INQ on her EX, 6 of which are in the last year (9 of the INQ are from car dealerships, fu very much). And her Barclay's card and Discover card are already on her EX rep.

And she wants to establish a relationship with them, shes going to be moving her banking there also.

Re: BoA chances?

Anonymous — Mon, 05 Oct 2015 02:34:47 GMT

I wouldnt. Let her move her banking there first. Then app for BBR. Or take a risk with her highish inquiries and see what happens. BBR is the way to go along with a TR as the bonus is up to $200. Easy $320 the first year, and $120 the next year. PC to cash rewards if you dont want the 1.65+% back...

Re: BoA chances?

Anonymous — Mon, 05 Oct 2015 02:52:58 GMT

I guess I misunderstood your post about the inquiries. Now I agree with the above post. Move the banking there first, establish a relationship and they would be more likely to overlook some inquiries. 12 is most likely above BofAs limit for new inquiries.

Re: BoA chances?

Anonymous — Mon, 05 Oct 2015 03:41:32 GMT

I have 12 inq on ex. Zero banking relationship with them. Just approved for the BOA rewards card. Give it a shot. 😊