topic Re: BankAmericard Cash Rewards™ Card in Credit Cards

BankAmericard Cash Rewards™ Card

Anonymous — Wed, 24 Jun 2015 20:54:35 GMT

Should I go for it? did the pre-qual and shows this card as a recommendation as well as others.

$100 online-exclusive cash rewards bonus

if you make at least $500 in purchases in the first 90 days

CH7 Discharge on 10/2010

Included in CH7 - Chase, Cap1, Citi, Best Buy Credit Cart, Target, Wal-Mart

FICO SCORES (paid for and pulled on 6-23-2015)

EQ 691

EX 703

TU 703

INQUIRIES

EQ - SAME AS EX BELOW

EX - 7 inquiries [(3 falling off in 2015 (mortgage, checking account at SDCCU and rental application) 2 falling off in 2016 (mortgage and rental application) 2 falling off in 2017 (chase and Cap1)]

TU - 3 inquiries [(1 will fall off in 2015 Cap1) (1 falling off in 2016 mortgage), 1 falling in 2017 (renting application)]

CARDS

Cap1 Quicksilver One CL $5,000/$0 Balance (was HSBC) - Approved on 2011

Barclay NFL Card CL $4,050/$0 Balance -> Instantly approved online - Approved on 2012

Cap1 One Quicksilver CL $5,500/$1300 Balance -> Instantly approved online - Approved on 2013

Cap1 Venture CL $15,000/$563 Balance -> Instantly approved online - Approved on 5/2015

Chase Sapphire Preferred CL $5,000/$100 Balance -> had to call recon twice - Approved on 5/2015

DEBT

Mortgage Payment

Navient Loans x 6 @ $151/month for all 6 combine

Should i wait for inquiries to fall off this year and apply for an AMEX?

Thanks all!

Re: BankAmericard Cash Rewards™ Card

dethkultur — Wed, 24 Jun 2015 21:04:47 GMT

@Anonymous wrote:
Should I go for it? did the pre-qual and shows this card as a recommendation as well as others.

$100 online-exclusive cash rewards bonus
if you make at least $500 in purchases in the first 90 days

CH7 Discharge on 10/2010
Included in CH7 - Chase, Cap1, Citi, Best Buy Credit Cart, Target, Wal-Mart

FICO SCORES (paid for and pulled on 6-23-2015)
EQ 691
EX 703
TU 703

INQUIRIES
EQ - SAME AS EX BELOW
EX - 7 inquiries [(3 falling off in 2015 (mortgage, checking account at SDCCU and rental application) 2 falling off in 2016 (mortgage and rental application) 2 falling off in 2017 (chase and Cap1)]
TU - 3 inquiries [(1 will fall off in 2015 Cap1) (1 falling off in 2016 mortgage), 1 falling in 2017 (renting application)]

CARDS
Cap1 Quicksilver One CL $5,000/$0 Balance (was HSBC) - Approved on 2011
Barclay NFL Card CL $4,050/$0 Balance -> Instantly approved online - Approved on 2012
Cap1 One Quicksilver CL $5,500/$1300 Balance -> Instantly approved online - Approved on 2013
Cap1 Venture CL $15,000/$563 Balance -> Instantly approved online - Approved on 5/2015
Chase Sapphire Preferred CL $5,000/$100 Balance -> had to call recon twice - Approved on 5/2015

DEBT
Mortgage Payment
@Navient Loans x 6 @ $151/month for all 6 combine

OR

Should i wait for inquiries to fall off this year and apply for an AMEX?

Thanks all!

About those BoA reccomendations - trying doing it again and use the name "Jean-Luc Picard" instead. That should tell you all you need to know about how accurate they are. I'm not saying you shouldn't go for it, just that those BoA reccomendations don't mean squat

Re: BankAmericard Cash Rewards™ Card

Anonymous — Wed, 24 Jun 2015 21:43:19 GMT

not to mention i would wait and get a good card - amex. the BCE will give you 2% gas and 3% groceries or if you want the BCP it can be 3% gas and 6% groceries with 2% department stores.

side note - i HEARD (based on a thread here) that bank of america may charge a fee to all cardholders (which wouldn't surprise me, honestly)

Re: BankAmericard Cash Rewards™ Card

Anonymous — Wed, 24 Jun 2015 21:44:29 GMT

for how hard a BofA card can be to get they really aren't too great. they just have good marketing

Re: BankAmericard Cash Rewards™ Card

ojefferyo — Wed, 24 Jun 2015 21:57:04 GMT

@Anonymous wrote:
for how hard a BofA card can be to get they really aren't too great. they just have good marketing

They aren't hard to get, you just need a decent profile. Every lender has a different criteria to meet. I have a Cash Rewards and a Better Balnce Rewards card and I like them. BBR is an easy $100 for just using the card and paying more than what's required. Cash Rewards is 3,2,1% like some other cards really. No different than any other program. You get it to use it for it's intended rewards not to get just to get.

As far as fees goes, I wouldn't could on one person stating that to be fact. I have never heard of any such thing being implemented yet.

Re: BankAmericard Cash Rewards™ Card

Anonymous — Wed, 24 Jun 2015 22:04:33 GMT

i didn't say it was a fact. i was very clear that it's just what i HEARD. also, they seem to be inquiry/new account sensitive. they denied me based on that but i got approved for the sallie mae and chase amazon right afterwards. they seem to be picky with certain things like that.

Re: BankAmericard Cash Rewards™ Card

kdm31091 — Wed, 24 Jun 2015 22:27:04 GMT

The annual fee rumor was by one poster. We will see what develops.

Anyway. The cash rewards is a weak card IMO. Unless you spend a ton on gas for the 3 percent. But otherwise 2 percent groceries and 1 percent elsewhere. It's just not impressive.

Re: BankAmericard Cash Rewards™ Card

Anonymous — Wed, 24 Jun 2015 22:31:39 GMT

my point exactly. there are much better cards that are easier to get

Re: BankAmericard Cash Rewards™ Card

Kenny — Wed, 24 Jun 2015 22:32:12 GMT

I received a $150 offer and I wondered what was the highest others have been offered. Still didn't take the offer, though.

Re: BankAmericard Cash Rewards™ Card

ojefferyo — Wed, 24 Jun 2015 22:34:20 GMT

@Anonymous wrote:
i didn't say it was a fact. i was very clear that it's just what i HEARD. also, they seem to be inquiry/new account sensitive. they denied me based on that but i got approved for the sallie mae and chase amazon right afterwards. they seem to be picky with certain things like that.

I know you said you HEARD but when you start saying things and people start reading things they don't always read it they way you intend it to be read and then they go and make other post about it. That's how misinformation begins, I'm not saying that you said it was fact.

As far as inquires goes, they aren't that senisitive. I had probably about 15 showing at the time and I was still approve for a $15k card. They may have just used that as a reason to deny you.

Re: BankAmericard Cash Rewards™ Card

Anonymous — Wed, 24 Jun 2015 22:35:58 GMT

it was either new accounts or inquiries. idr which. and they are fee happy so i wouldn't be too surprised rather it's true or not

Re: BankAmericard Cash Rewards™ Card

Anonymous — Wed, 24 Jun 2015 22:50:54 GMT

So would it be safe to apply for an AMEX once I have over 710 scores, $0 balance on my CCs, no more thank 5 inquiries and 7 years after Ch7 discharge?

Re: BankAmericard Cash Rewards™ Card

Anonymous — Wed, 24 Jun 2015 22:54:11 GMT

should be fine. i got approved with like 650-660 scores.

Re: BankAmericard Cash Rewards™ Card

Anonymous — Wed, 24 Jun 2015 23:29:36 GMT

But I'm assuming no BK on record?

Re: BankAmericard Cash Rewards™ Card

Anonymous — Thu, 25 Jun 2015 00:40:57 GMT

true, but i had 3 late payments 10/2014 which is relatively recent

Re: BankAmericard Cash Rewards™ Card

Anonymous — Thu, 25 Jun 2015 00:58:25 GMT

BofA isn't charging a fee on their CCs. That's completely false. Only the secured card.

Re: BankAmericard Cash Rewards™ Card

Anonymous — Thu, 25 Jun 2015 01:23:48 GMT

well, card still is weak regardless lol.

Re: BankAmericard Cash Rewards™ Card

Gmood1 — Thu, 25 Jun 2015 01:28:00 GMT

Really no weaker than the Quicksilver. I'll be using the BofA card more than it. Lol