topic Re: Does BoA have a '3/24' rule? in Credit Cards

Does BoA have a '3/24' rule?

BirchBarlow — Mon, 03 Oct 2016 17:31:02 GMT

I applied for the Boa BBR and was rejected despite my clean record and perfect payment history apparently because I opened Freedom, Freedom Unlimited and Double Cash within the past couple months. I thought I might get preferential treatment seeing as I have ten years of PIF with BoA but alas I was once again rejected when I called to recon.

Re: Does BoA have a '3/24' rule?

Aprile421 — Mon, 03 Oct 2016 18:11:19 GMT

I don't think they have any rules like that. I just got my first BoA card and I have many more than 3 in 24 months new cards.

Re: Does BoA have a '3/24' rule?

wasCB14 — Mon, 03 Oct 2016 18:11:55 GMT

@BirchBarlow wrote:
I applied for the Boa BBR and was rejected despite my clean record and perfect payment history apparently because I opened Freedom, Freedom Unlimited and Double Cash within the past couple months. I thought I might get preferential treatment seeing as I have ten years of PIF with BoA but alas I was once again rejected when I called to recon.

How many months? Even if they have a "3/x" rule or general practice, I wouldn't assume x was 24.

Re: Does BoA have a '3/24' rule?

Anonymous — Mon, 03 Oct 2016 18:48:08 GMT

Too many new accounts probably spooked them. Give it a few more months and try again..

Re: Does BoA have a '3/24' rule?

Anonymous — Tue, 04 Oct 2016 02:53:43 GMT

I got a similar rejection the couple times I tried for the BBR... The other major banks seem to like my profile, but there must be something boa doesnt like.. Kind if over it now.

Re: Does BoA have a '3/24' rule?

Anonymous — Tue, 04 Oct 2016 05:26:02 GMT

I don't think so. I know BoA can be inquiry/new accounts sensitive.

Re: Does BoA have a '3/24' rule?

Anonymous — Tue, 04 Oct 2016 05:39:38 GMT

@BirchBarlow wrote:
I applied for the Boa BBR and was rejected despite my clean record and perfect payment history apparently because I opened Freedom, Freedom Unlimited and Double Cash within the past couple months. I thought I might get preferential treatment seeing as I have ten years of PIF with BoA but alas I was once again rejected when I called to recon.

what are your scores? if they are 700+ I would call a sr analyst in the backdoor section and plead your case. Just make sure there will not be another inquiry.

If you are at <5/24 and scores >700 you should be applying for the CSR!