topic Re: BofA approved me! in Credit Cards

BofA approved me!

n2win — Sat, 16 Aug 2008 16:04:59 GMT

Yay, happy dance

After reading here the last week I went to the BofA site (which had always stated something like "sorry, no offers for you" ) and the "preapproved" credit cards showed up, so I pushed the button, and, although I don't have a card yet, it's already on my EX report, woohoo!

This is my first "unsecured" card, my other cards are:

WF Visa - (secured $2000 CL)

Target ($200 CL)

the ever popular Crown Jewelers with $2500 CL

and now, my first REAL card, (only $1500 CL, but unsecured, and I've read this is a good card to build history with)

Yay again, and thanks for all the great info and support here...

Re: BofA approved me!

Anonymous — Sat, 16 Aug 2008 16:06:40 GMT

Congrats, congrats.

Re: BofA approved me!

jefftca925 — Sat, 16 Aug 2008 16:11:28 GMT

Congratulations! They are a good bank to deal with and their CS are very professional and helpful.

Re: BofA approved me!

Anonymous — Sat, 16 Aug 2008 18:27:38 GMT

Congrats.

Re: BofA approved me!

Anonymous — Sat, 16 Aug 2008 18:44:19 GMT

Congrats.

Re: BofA approved me!

Susyflower — Sat, 16 Aug 2008 22:41:54 GMT

Yes...congrats...great company!

Re: BofA approved me!

emoticon — Sat, 16 Aug 2008 22:53:36 GMT

Congrats!

Which card is it exactly? What's the APR? Did it come with any special offers? We need details.

Re: BofA approved me!

Koffee — Sat, 16 Aug 2008 23:56:00 GMT

Congratulations!!!!!

When my credit grows up, I wanna be just like you!

I want a BofA card so badly........................

Re: BofA approved me!

llecs — Sun, 17 Aug 2008 01:01:35 GMT

You've got a winner.

Re: BofA approved me!

n2win — Thu, 21 Aug 2008 23:17:36 GMT

Ahhh, the smell of fresh plastic (J/K, LOL, I think!!)

My card came today, and although I haven't signed it or called yet, I did activate the online banking feature, not sure if this makes the question(s) that follow moot, or not??

A couple of questions (man, I am so new to this stuff!!)

Looks like I need to "call" to activate (or did I activate by doing the online banking thing??)

Anyway, I think I've read that CLI upon activation is a good idea?

The limit on this card is reporting at $1500 (but I love it, It's really my only "real" card!!) although Crown Jewelers shows CL of $2500 (owe about $10) and Wells Fargo (secured) shows CL of $2000 (oawe $51)

Wondering if I should ask for a CLI now, or is that really pushing it?

And if I do, what should I say? I will PIF (mostly, maybe leave $50-100 on it, still getting the feel of all this exciting stuff!) and I am beginning some home repairs this week-end, planning on buying a water heater Saturday ($300-500, not sure yet) and some other incidental stuff like lumber, ect.

Was actually thinking about apping for a Lowe's, but I think I have enough CC now, would it be reasonable to ask BofA for a CLI upon activation??

Feeling a little inadequate, just don't want to "blow it" or seem greedy I guess.

I am SO grateful, right now, for so many things, esp all of you

Looking forward to your words of wisdom and btw, THANK YOU!!!

Oh, and for the one that asked me, it's the plain jane BofA Finanacila Rewards (?) "platinum Plus" (?) VISA. And I'm pleased as punch to have it

Message Edited by n2win on 08-21-2008 04:17 PM

Re: BofA approved me!

Anonymous — Fri, 22 Aug 2008 01:50:07 GMT

grrrrr 2 more months and I'm applying for a BoA. You fools are making the wait unbearable lol

Re: BofA approved me!

smallfry — Fri, 22 Aug 2008 02:10:07 GMT

@n2win wrote:
Ahhh, the smell of fresh plastic (J/K, LOL, I think!!)
My card came today, and although I haven't signed it or called yet, I did activate the online banking feature, not sure if this makes the question(s) that follow moot, or not??
A couple of questions (man, I am so new to this stuff!!)
Looks like I need to "call" to activate (or did I activate by doing the online banking thing??)
Anyway, I think I've read that CLI upon activation is a good idea?
The limit on this card is reporting at $1500 (but I love it, It's really my only "real" card!!) although Crown Jewelers shows CL of $2500 (owe about $10) and Wells Fargo (secured) shows CL of $2000 (oawe $51)
Wondering if I should ask for a CLI now, or is that really pushing it?
And if I do, what should I say? I will PIF (mostly, maybe leave $50-100 on it, still getting the feel of all this exciting stuff!) and I am beginning some home repairs this week-end, planning on buying a water heater Saturday ($300-500, not sure yet) and some other incidental stuff like lumber, ect.
Was actually thinking about apping for a Lowe's, but I think I have enough CC now, would it be reasonable to ask BofA for a CLI upon activation??
Feeling a little inadequate, just don't want to "blow it" or seem greedy I guess.
I am SO grateful, right now, for so many things, esp all of you
Looking forward to your words of wisdom and btw, THANK YOU!!!
Oh, and for the one that asked me, it's the plain jane BofA Finanacila Rewards (?) "platinum Plus" (?) VISA. And I'm pleased as punch to have it

Message Edited by n2win on 08-21-2008 04:17 PM

If you decide to go for a CLI upon activation and they ask why just tell them you would like to use it as your every day card and need a bit more room. With BofA you can let a balance report but I would make sure to pay in full by the due date. Do not leave a balance. They are known to be cute with their reporting so do not be surprised to see them report at different times of the month. Just make sure you PIF. They will be more comfortable giving you increases if you show you can afford to pay the bill in full every month. Congrats on the card.

Re: BofA approved me!

Anonymous — Fri, 22 Aug 2008 03:14:31 GMT

smallfry wrote:
With BofA you can let a balance report but I would make sure to pay in full by the due date. Do not leave a balance. They are known to be cute with their reporting so do not be surprised to see them report at different times of the month.

Very true, I have noticed this numerous times!

Re: BofA approved me!

n2win — Fri, 22 Aug 2008 03:16:25 GMT

"cute" eh, hmmmm

Re: BofA approved me!

upinflagstaff — Fri, 22 Aug 2008 14:56:05 GMT

Unless they've changed their ways BofA is not one that I particularly care for. They use Universal Default. DW had her account slammed to close to 30% APR and had a CLD due to the Universal Default provisions. She's never been late paying them - or anyone for that matter; she has no lates whatsoever on her CR. We BT as much of her balance as we could to a Cap1(who has a no Universal Default provision) that I have with a 1.99% life of transfer rate and started hitting the BofA hard. But with payments that were running around $200/mo an extremely tiny amount was going to principal - somewhere around $5.00. Maybe they are better if you manage to keep your scores up, but if something happens in your life and you end up with higher balances look for the UD. Message Edited by upinflagstaff on 08-22-2008 07:55 AM

Message Edited by upinflagstaff on 08-22-2008 07:56 AM

Re: BofA approved me!

ficonovice — Fri, 22 Aug 2008 15:04:37 GMT

Love BoA, but I just noticed their cuteness...

Statement balance = 0 which was generated on the 20th.

All CRB's have updated (yes, quickly): TU = 0

EX = 0

EQ = $11,286

I guess I cut it too close. I paid the outstanding balance on the day the statement was to cut. For some reason, EQ is reporting the balance prior to payment on statement date.

Oh well, live and learn..

Re: BofA approved me!

n2win — Mon, 25 Aug 2008 22:58:27 GMT

Finally activated the card today, too chicken to ask for the increase

Maybe I'll try the online one...

Re: BofA approved me!

smallfry — Mon, 25 Aug 2008 23:14:55 GMT

@n2win wrote:
Finally activated the card today, too chicken to ask for the increase
Maybe I'll try the online one...

Congrats on the card OP. You got the card 4 days ago and just activated it today? I got mine today and I've already made 2 trips to Starbucks.

Re: BofA approved me!

jbh — Tue, 26 Aug 2008 00:05:59 GMT

Congrats. However, I must say this is a bit encouraging for me as I thought BoA demanded 700+ scores.

Enjoy it and use it in good health, as my Grandmother would always say.

Re: BofA approved me!

n2win — Tue, 26 Aug 2008 00:24:16 GMT

@smallfry wrote:

@n2win wrote:
Finally activated the card today, too chicken to ask for the increase
Maybe I'll try the online one...

Congrats on the card OP. You got the card 4 days ago and just activated it today? I got mine today and I've already made 2 trips to Starbucks.

I kept thinking I was going to ask for an increase at activation, and finally just called today without it, lol. It will def get some use and PIF (well, maybe leave 1%