topic Re: Denied for BOA Cash Rewards but selected for in Credit Card Applications

Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 01:07:57 GMT

Selected for secured card , should I accept offer to get foot in door with BOA ?

Re: Denied for BOA Cash Rewards but selected for

FinStar — Thu, 19 Nov 2015 01:15:08 GMT

@Anonymous wrote:
Selected for secured card , should I accept offer to get foot in door with BOA ?

IMO, yes, I would accept it if you are considering a BOA lending relationship. Did you get the partially secured 99/500 offer?

Re: Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 01:18:06 GMT

yes I did , I have currently 2 Chase with $15k , 2 Cap one $10K AE $1K and Barclays $8500 , that is why I just did'nt jump on the offer , but if you feel this is something I should do , I will jump on it , this is the first offer they have sent me for it

Re: Denied for BOA Cash Rewards but selected for

pizza1 — Thu, 19 Nov 2015 01:29:53 GMT

I would LOVE to have that offer doesn't happen too often, and it does graduate!! Sometimes early

Re: Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 01:31:46 GMT

I accepted it , and it is telling me that it is in review and a few things checked , I thought it would be a quick thing and approval , wondering if I should call

Re: Denied for BOA Cash Rewards but selected for

newhis — Thu, 19 Nov 2015 01:46:24 GMT

@Anonymous wrote:
I accepted it , and it is telling me that it is in review and a few things checked , I thought it would be a quick thing and approval , wondering if I should call

BoA is slow, they always say it will take time. No need to call. You will see the money taken from your account in a few days, then your card will arrive.

Re: Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 01:47:44 GMT

Thank you for that input , I did call and she said I should know by tomorrow

Re: Denied for BOA Cash Rewards but selected for

FinStar — Thu, 19 Nov 2015 02:12:08 GMT

@Anonymous wrote:
Thank you for that input , I did call and she said I should know by tomorrow

You should be good OP. Also, the BOA card can be a good fit with the rest of your profile even with the other higher CL cards (albeit secured for less than 12 months). As mentioned above, it can unsecure earlier than 12 months. Once your account is established, and if not automatically added, you can contact them to see about adding the Cash Rewards feature. Once it unsecures, you can ask for a CLI (aim high) and determine whether at that point it fits your long term goals (just FYI, the CLI request will be HP - as long as your overall profile is good then it should be no issue).

I'm fairly certain others who have the BOA 99/500 product can chime in with their experience.

Re: Denied for BOA Cash Rewards but selected for

baller4life — Thu, 19 Nov 2015 02:34:13 GMT

Great choice to accept the secured card. It can unsecure in as little as 6 months to a nice fat limit!😉

Re: Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 02:59:05 GMT

i denied my 99/500 offer lol. figured i had good enough cards that if BofA didn't want me then see ya!!

Re: Denied for BOA Cash Rewards but selected for

devineer1 — Thu, 19 Nov 2015 02:59:20 GMT

I want to apply for the secured card to see what will happen... when I do the pre qualify.... it recommends a card I know I will not be approved for... Just got Cap One QS and Platinum with 500 cl... what are the chances an approval will come with BoA....

Re: Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 03:00:48 GMT

BofA prequal isn't a good one and i would wait if i were you. they're a little conservative and the likelihood of approval is lower. let your cap1s build

Re: Denied for BOA Cash Rewards but selected for

devineer1 — Thu, 19 Nov 2015 03:17:17 GMT

Thank you will do!!

Re: Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 03:20:59 GMT

i just don't wanna see you waste an app for nothing.

Re: Denied for BOA Cash Rewards but selected for

ddemari — Thu, 19 Nov 2015 07:06:44 GMT

Boa secured card is good and the 99/500 deal is even better. The card does graduate, they usually will remove the annual fee for you after it graduates and have them give you a credit limit increase. Adding additional funds to the card requires them to do a hard pull. I wasted a lot of pulls back in the day adding money to it lol.

Id take the offer. Good in for Bank of America.

Re: Denied for BOA Cash Rewards but selected for

taxi818 — Thu, 19 Nov 2015 08:28:49 GMT

@Anonymous wrote:
yes I did , I have currently 2 Chase with $15k , 2 Cap one $10K AE $1K and Barclays $8500 , that is why I just did'nt jump on the offer , but if you feel this is something I should do , I will jump on it , this is the first offer they have sent me for it

I would accept. Remember they are not really looking at what you have with some one else. Only your relationiship with them. It will grow after about 12 months so i would take it just to be in. Personally ive yet to apply to BOA and don't plan to do so any time soon as i remember their NCNB Days. Yikes!!!

Re: Denied for BOA Cash Rewards but selected for

alexl22 — Thu, 19 Nov 2015 14:28:53 GMT

My BOA 99/500 just unsecured without me doing anything at around the 8 month mark, no cli though so I am wating for my lower utilation to report then I am requesting a cli.

Re: Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 14:52:08 GMT

Smart move OP! Good card and it will get your foot in the door. Cash Rewards is one of my favorite cards and I use it daily!

Re: Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 18:43:24 GMT

@FinStar wrote:
@Anonymous wrote:
Selected for secured card , should I accept offer to get foot in door with BOA ?
IMO, yes, I would accept it if you are considering a BOA lending relationship. Did you get the partially secured 99/500 offer?

I totally agree!

Re: Denied for BOA Cash Rewards but selected for

Anonymous — Thu, 19 Nov 2015 18:46:10 GMT

My first card with them was secured then eight months later a 1500 increase and unsecured and yearly fee waived because of my good use of the card.