topic Does anyone have more than 3 BofA BBR cards? in Credit Cards

Does anyone have more than 3 BofA BBR cards?

Anonymous — Thu, 24 Sep 2015 07:42:05 GMT

Seems like it's getting rare seeing people with this card nowadays. And does anyone know the max amount of these cards allowed?

Re: Does anyone have more than 3 BofA BBR cards?

kdm31091 — Thu, 24 Sep 2015 11:53:05 GMT

@Anonymous wrote:
Seems like it's getting rare seeing people with this card nowadays. And does anyone know the max amount of these cards allowed?

That's because BOA clamped down on the PCs to the card, although you see some stragglers still managing to get the PC accomplished. But people were abusing it and ending up with 4 or more of the cards.

As far as I know, there's no "official" maximum. You can have as many as they will approve you for based on your credit file.

If you want more, I'd probably go for it sooner than later. I don't see this card lasting forever. There have been rumors that it is on the chopping block for quite awhile now.

So the reason you see less people with it is that most people don't view $25 a quarter as being worth a cold app/AAOA ding/HP/etc. But it was a great deal for someone who PCd a useless card. Apping for it outright? Eh, not as exciting of a deal for the HP price. I would never cold apply and take an inquiry for this card, but to each their own.

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Thu, 24 Sep 2015 12:26:59 GMT

I don't know the maximum number of cards an individual is allowed to have, but I own a BoA BBR credit card. It was worth the hard pull for me because I wanted to expand my relationship with them and add another cash back credit card to my profile. I lost a few points, 3 or 4 (I think), but my scores will rebound without any problems. I applied and was approved last month to coincide with my CLI request for my cash rewards card. If the card meets a need for you and your credit profile supports it, then apply. I cold app'd. Most of the cards I own were cold apps. Please let us know what you decide. Best of luck

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Thu, 24 Sep 2015 13:39:06 GMT

I have 2 BOA/AMEX cards and one BOA Cash card. The maximum may be three and they move around your credit lines to get you approved for additional cards.

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Thu, 24 Sep 2015 16:27:15 GMT

I have one, didn't realize people could get multiples. I won't go for it because the deal isn't exactly insane.

The bonus is nice. I put my internet bill on it and pay it off after the statement cuts. In a year I earn 100 dollars as opposed to the 5 I would earn on any 1% card (I don't have anything that would put out better than 1% unless you count Discover It and even then we're looking at 90 dollars more for using BBR.

So it's pretty nice to me. Not an insane amount of money, but consistent and extremely easy.

Re: Does anyone have more than 3 BofA BBR cards?

Themanwhocan — Thu, 24 Sep 2015 17:19:41 GMT

The problem as I see it, is that you have to allow a balance to report each quarter. Thats fine for one card, but for multiple cards that could affect your FICO score. If that matters to you.

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Thu, 24 Sep 2015 18:42:02 GMT

I don't. But I would like to!

You would have to spend 555.56 a month on a capital one card to get $100 a year back. The fact that this card doesnt have a minimum....and keeps on giving year after year, makes it a slick deal for me.

They denied me though! Will try again in 6 months.

Re: Does anyone have more than 3 BofA BBR cards?

Callandra — Thu, 24 Sep 2015 18:45:20 GMT

@Anonymous wrote:
I have one, didn't realize people could get multiples. I won't go for it because the deal isn't exactly insane.

The bonus is nice. I put my internet bill on it and pay it off after the statement cuts. In a year I earn 100 dollars as opposed to the 5 I would earn on any 1% card (I don't have anything that would put out better than 1% unless you count Discover It and even then we're looking at 90 dollars more for using BBR.

So it's pretty nice to me. Not an insane amount of money, but consistent and extremely easy.

I agree with you. I like having one for the free/easy money but I don't think I could be bothered to manage multiples (and as Themanwhocan pointed out, you have to allow each one to report a balance each month). I'm not a huge spender anyway so a few token purchases here and there plus Netflix works for one card but doing it for multiples would just drive me nuts.

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Thu, 24 Sep 2015 18:51:28 GMT

I guess I hadn't considered that. Most of my swipes are paid in 24-48 hours. Hope that doesnt hurt my chances of a CLI... I mean really would it matter whether a person paid weekly or monthly (excluding BBR)?

Re: Does anyone have more than 3 BofA BBR cards?

CreditUnionFan — Sun, 04 Oct 2015 12:48:53 GMT

I tried to PC to a BBR but was unable to. Knowing I would take at least one HP to get it, but also knowing that the HPs would likely be consolidated at the end of the day, I paired three applications on the same day. None were instantly approved, and unfortunately when they manually reviewed the file they HP'd again, but I ended up with three new accounts and some net new credit line. I opted for the BBR, Cash Rewards Visa, and the MLB MC. The MLB MC uses the same 3-2-1 rewards program, but adds Mastercard Paypass, which some places still accept for contactless payments.

Re: Does anyone have more than 3 BofA BBR cards?

icyhot — Sun, 04 Oct 2015 13:03:50 GMT

Seeing that the BBR is a balance transfer card it makes sense for anyone using it for that purpose to only have one. It really serves no purpose for someone who PIF unless you wanna find loopholes for the $25

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Sun, 04 Oct 2015 13:42:45 GMT

@icyhot wrote:
Seeing that the BBR is a balance transfer card it makes sense for anyone using it for that purpose to only have one. It really serves no purpose for someone who PIF unless you wanna find loopholes for the $25

I am currently using mine as a BT card. It just makes things much simpler for me. I do understand that would make some folks uncomfortable. If you're keeping the balances low in reference to the CL and your total CL it shouldn't have an impact to your scores. I know credit is not a one size fits so you have to see what your credit profile can tolerate.

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Sun, 04 Oct 2015 16:45:28 GMT

@beautifulblaquepearl wrote:
@icyhot wrote:
Seeing that the BBR is a balance transfer card it makes sense for anyone using it for that purpose to only have one. It really serves no purpose for someone who PIF unless you wanna find loopholes for the $25
I am currently using mine as a BT card. It just makes things much simpler for me. I do understand that would make some folks uncomfortable. If you're keeping the balances low in reference to the CL and your total CL it shouldn't have an impact to your scores. I know credit is not a one size fits so you have to see what your credit profile can tolerate.

Isnt david ramsey the most anti credit card person in the world??!?!?!

Re: Does anyone have more than 3 BofA BBR cards?

gingerflower — Sun, 04 Oct 2015 17:57:51 GMT

I have 3 Cc Alaska signature, Cash signature rewards and a Business card. Boa is awesome!!

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Sun, 04 Oct 2015 18:10:47 GMT

I have five BofA cards - 2 platinums, 2 travel and 1 Rewards.

Re: Does anyone have more than 3 BofA BBR cards?

CreditUnionFan — Sun, 04 Oct 2015 18:13:02 GMT

@gingerflower wrote:
I have 3 Cc Alaska signature, Cash signature rewards and a Business card. Boa is awesome!!

I have several:

AAA Visa (3% on pay-at-the-pump)
Interval International Visa
Cash Rewards MC
Cash Rewards Visa
MLB MC
and one BBR

The BBR is marketed as a balance transfer card, but some folks have become adept at placing small purchases and paying more than the minimum due, usually the full amount due, in order to not only avoid interest, but earn the extra $25 or $30 per quarter for paying more than the minimum due every month during the quarter.

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Sun, 04 Oct 2015 19:21:50 GMT

I got the BBR card in March and I only put Hulu on it each month. That's $7.99 a month or $23.97 for the quarter. So I get $30 each quarter deposited into my BofA checking account and I net $6.03. It's not a lot, but Hulu is free.

Re: Does anyone have more than 3 BofA BBR cards?

-Cal- — Sun, 04 Oct 2015 20:00:09 GMT

So has anyone applied for the BBR, got approved, then after some arbitrary amount of time apply (no PCs) again get approved or denied? The approval/denial data points for the BBR card would be helpful to this thread vs listing other BOA accounts.

Re: Does anyone have more than 3 BofA BBR cards?

Anonymous — Sun, 04 Oct 2015 21:57:22 GMT

@-Cal- wrote:
So has anyone applied for the BBR, got approved, then after some arbitrary amount of time apply (no PCs) again get approved or denied? The approval/denial data points for the BBR card would be helpful to this thread vs listing other BOA accounts.

Yes! I was!

I applied for my first BBR at the beginning of August -- was initially denied but reconned to an approval ($2100 limi). As soon as I called in and activated my card and logged in online, I got a pop-up saying I was preapproved for another BBR! Sure enough, I applied and was approved for the second one ($1000 limit) after manual review, two weeks after my first approval.