topic Re: B of A Pre-Approval Killed by Auto Loan??? in Credit Cards

B of A Pre-Approval Killed by Auto Loan???

Mace — Wed, 13 Apr 2011 20:51:08 GMT

I recently received a pre-approved offer from BofA for the Cash Rewards Visa. The offer was 0% APR on BT and purchases for 15 months (12.99% after that) and no annual fee. Well, two nights ago, I applied for and received a an auto-loan for just under $29k. Will this now kill my chances of getting the BofA card if I wait a month to apply for it?

EQ Fico: Before applying for AL = 682 After = 675

EX Fako (from EX): Before = 715 after = 715

The loan itself has not yet hit ANY CRA.

Thank you.

Re: B of A Pre-Approval Killed by Auto Loan???

Anonymous — Wed, 13 Apr 2011 20:56:11 GMT

Hi, Mace!

If you're going to apply for it anyways, why not do it now and find out? BOA is the only one who can really answer that question for you.

Good luck, and congrats on the car loan!

Re: B of A Pre-Approval Killed by Auto Loan???

Mace — Thu, 14 Apr 2011 00:46:17 GMT

Oops!!! Looks like I should have gone with my instincts. I applied and got the dreaded 30 day notice.

The strange part is, when I go to check the application status on BofA's website, it says it can't find my application.

Edited to add:

Oh, and thank you uborrow for the congrats.

I Re: B of A Pre-Approval Killed by Auto Loan???

Mace — Fri, 15 Apr 2011 01:46:19 GMT

The check application status feature on BofA's website still says it can't find my application. I called the number today and it says I was approved for $5k!!!

I even spoke to an actual human just to verify. He confirmed and said the card is slated to go out today.

Wow.

Re: I Re: B of A Pre-Approval Killed by Auto Loan???

DI — Fri, 15 Apr 2011 01:48:44 GMT

Congrats! New car and new CC. You're on cloud 9. Ha!

Re: B of A Pre-Approval Killed by Auto Loan???

Clashmoore — Fri, 15 Apr 2011 03:09:58 GMT

Awesome to hear! Congrats!

What a swing though, from feeling you were denied to getting a 5k CL.

Re: B of A Pre-Approval Killed by Auto Loan???

Anonymous — Fri, 15 Apr 2011 03:14:47 GMT

congrats on approval

Re: I Re: B of A Pre-Approval Killed by Auto Loan???

Anonymous — Mon, 25 Apr 2011 14:36:37 GMT

@Mace wrote:
The check application status feature on BofA's website still says it can't find my application. I called the number today and it says I was approved for $5k!!!

I even spoke to an actual human just to verify. He confirmed and said the card is slated to go out today.

Wow.

Congrats, Mace! Glad to hear it went well for you.

You timed it well.