topic Re: Which BOA Card to Apply For in Credit Cards

Which BOA Card to Apply For

ficonovice — Fri, 07 Dec 2007 20:32:40 GMT

I received a USAirways BOA pre-approval offer in the mail. I checked their web-site for pre-approvals and saw the BOA AMEX, Visia Platinum and Rewards cards all with $3,500 limits. My EXP score just went up to 723 and should go higher in the next few weeks when CC's report 0 balance, but may go down due to a potential collection account that could appear.

What card would you recommend? Do they all report limits to the Bureau's?

Re: Which BOA Card to Apply For

orl2185 — Sat, 08 Dec 2007 00:33:31 GMT

ficonovice wrote:
I received a USAirways BOA pre-approval offer in the mail. I checked their web-site for pre-approvals and saw the BOA AMEX, Visia Platinum and Rewards cards all with $3,500 limits. My EXP score just went up to 723 and should go higher in the next few weeks when CC's report 0 balance, but may go down due to a potential collection account that could appear.

What card would you recommend? Do they all report limits to the Bureau's?

Wow, great score there. I will go for the plat visa imho... Kinda baffled myself in reference to bofa. My DW, brother and mom all got plat visa from them., except me

With Bk DC 05-06, they won't give me time of day.

Re: Which BOA Card to Apply For

haulingthescoreup — Sat, 08 Dec 2007 00:35:51 GMT

Also, I've read several posts that say that you frequently wind up with a lot more CL than shows on the pre-approval site. Agree on the Visa.

Re: Which BOA Card to Apply For

orl2185 — Sat, 08 Dec 2007 00:41:48 GMT

haulingthescoreup wrote:
Also, I've read several posts that say that you frequently wind up with a lot more CL than shows on the pre-approval site. Agree on the Visa.

I fully agree hauling. Mom's offer clearly states cl up to 2000, however her cl is 3200 go figure.

Re: Which BOA Card to Apply For

fused — Sat, 08 Dec 2007 00:46:19 GMT

Signature cards do not report credit limits

Re: Which BOA Card to Apply For

orl2185 — Sat, 08 Dec 2007 00:49:52 GMT

Hey Mod. Nordstrom sent me offer tp upgrade to their signature card. Not sure what to do. But after your post, I made up my mind. Where will I benifit by upgading if I may ask?

TY in advance for your input.

Re: Which BOA Card to Apply For

fused — Sat, 08 Dec 2007 02:12:50 GMT

orl2185 wrote:

Hey Mod. Nordstrom sent me offer tp upgrade to their signature card. Not sure what to do. But after your post, I made up my mind. Where will I benifit by upgading if I may ask?

TY in advance for your input.

Don't know much about Nordstrom living in Hawaii and all. Their building a gigantic store in Honolulu as we speak. I would recommend you start a new thread and ask others who are more familiar with them.

Re: Which BOA Card to Apply For

orl2185 — Sat, 08 Dec 2007 02:24:29 GMT

Wow, I would really love to visit hawaii along with my dw. I'm basically referring to effect on my scores by upgrading. Ty for your input.

Re: Which BOA Card to Apply For

Anonymous — Sat, 08 Dec 2007 03:30:24 GMT

hauling and orl,

Out of curiosity, why would you choose the Platinum Visa? Unless I'm missing something, it doesn't look like there's a rewards program associated with it. Just looks to me like a plain vanilla Visa with no additional perks.

Sure, it has a lower APR than the BofA Rewards card, but the BofA Amex has the lowest APR of all three, and has its own rewards program, to boot.

Am I missing something about the Platinum Visa?

BTW, I received preapprovals for the same cards. Not apping though. Promise.

Re: Which BOA Card to Apply For

Anonymous — Sat, 08 Dec 2007 03:37:16 GMT

cheddar wrote:
hauling and orl,
Out of curiosity, why would you choose the Platinum Visa? Unless I'm missing something, it doesn't look like there's a rewards program associated with it. Just looks to me like a plain vanilla Visa with no additional perks.
Sure, it has a lower APR than the BofA Rewards card, but the BofA Amex has the lowest APR of all three, and has its own rewards program, to boot.
Am I missing something about the Platinum Visa?
BTW, I received preapprovals for the same cards. Not apping though. Promise.

since you mentioned it, i was thinking the same thing. not to mention i think you get enough reward points after your first purchase to equal a $50 value redemption.

Re: Which BOA Card to Apply For

orl2185 — Sat, 08 Dec 2007 04:07:28 GMT

Basically not really concerned about perks or rewards. I prefer plat mainly bc I won't qualify for amex anyway even though it's cobranded. Amex rep mentioned to me when I apped with them about not being able to get tl with them bc bk. As for boa, I really would like prime tl on my cr

Re: Which BOA Card to Apply For

Anonymous — Sat, 08 Dec 2007 04:27:05 GMT

orl2185 wrote:
Basically not really concerned about perks or rewards. I prefer plat mainly bc I won't qualify for amex anyway even though it's cobranded. Amex rep mentioned to me when I apped with them about not being able to get tl with them bc bk. As for boa, I really would like prime tl on my cr

I may be wrong about this, but I believe the BofA Amex is a different animal altogether when it comes to underwriting standards, completely independent of the standards of Amex. It is issued by BofA, not Amex. The Amex in the name just means it uses the Amex network as opposed to Visa/MC, and as such it comes with the additional purchase protections of an Amex card.

Someone correct me if I'm wrong?

Re: Which BOA Card to Apply For

orl2185 — Sat, 08 Dec 2007 04:31:13 GMT

I'm not sure either way

Re: Which BOA Card to Apply For

Anonymous — Sat, 08 Dec 2007 06:05:17 GMT

The BOA Amex is underwritten by BOA just the same way as the Plat, etc. I personally consider the Amex the better deal because of the APR, rewards, plus them starting you off with the $50 statement credit isn't bad either. I just got this card and at 9.9% it is my lowest APR, which makes me happy even though I PIF. Also, if you have any bank cards with higher limits then what you're initially approved for, they seem to have no problem matching those on activation.

Re: Which BOA Card to Apply For

Anonymous — Sat, 08 Dec 2007 06:49:47 GMT

ChaoticKinesis wrote:
The BOA Amex is underwritten by BOA just the same way as the Plat, etc. I personally consider the Amex the better deal because of the APR, rewards, plus them starting you off with the $50 statement credit isn't bad either. I just got this card and at 9.9% it is my lowest APR, which makes me happy even though I PIF. Also, if you have any bank cards with higher limits then what you're initially approved for, they seem to have no problem matching those on activation.

I agree totally. The 9.9 fixed, the rewards program, and the $50 credit with first purchase make this one the best of the bunch.

I promised myself no more apps until March. I need to stop thinking about it or I'm going to cave.

Re: Which BOA Card to Apply For

haulingthescoreup — Sat, 08 Dec 2007 13:43:01 GMT

You're right, I don't know what I was looking at--the BofA AmEx does work out better than the Visa.

I would be very skeptical about what the AmEx CSR said about the BK knocking you out of the BofA version of the card. USAA offered me their co-branded AmEx when I still had a 30-60-90-120 that was only 9 months old. I can assure you that I couldn't have gotten a "real" AmEx with that!

Re: Which BOA Card to Apply For

ficonovice — Mon, 10 Dec 2007 14:44:22 GMT

Does the BOA Platinum Visa report limits to the bureau's? How can you tell if it's a signature card?

I'm really concerned because last month I received the Citi Premier Pass card and then realized they didn't report limits. I just ran my TC report and they're listing the balance owed as of the first statement date (Dec 7th) but they're not even reporting my high balance. It says limit 0 and doesn't mention that I had a balance of 7000 and paid it down to 1200!!

HMS

Re: Which BOA Card to Apply For

Anonymous — Mon, 10 Dec 2007 16:45:01 GMT

ficonovice wrote:
Does the BOA Platinum Visa report limits to the bureau's? How can you tell if it's a signature card?
I'm really concerned because last month I received the Citi Premier Pass card and then realized they didn't report limits. I just ran my TC report and they're listing the balance owed as of the first statement date (Dec 7th) but they're not even reporting my high balance. It says limit 0 and doesn't mention that I had a balance of 7000 and paid it down to 1200!!
HMS

I had a BoA Platinum Visa for several years (I changed it to a BoA World Points Visa card last year). It did report credit limits to the bureaus. I originally chose the Platinum Visa card because, at the time, the APR was much lower on the Platinum card (a 7.9% fixed APR) than the rates offered on BoA's rewards cards. Last year, I told BoA that I wanted a rewards card--they changed it to the World Points card, and also allowed me to keep my 7.9% fixed APR.

Signature cards are generally clearly designated as "Signature," so you shouldn't have any problems making that distinction.

Re: Which BOA Card to Apply For

ficonovice — Fri, 14 Dec 2007 17:12:43 GMT

Well, I just appd for the Platinum Plus card on the BOA Pre-Approved offers website. Unfortunately I received the 10 day message. I think they should have pulled EXP and this morning my FICO was at its all time high of 737. The message said thankyou for accepting the preapproved offer. You'll receive information regarding this preapproved offer within 10 days....

Re: Which BOA Card to Apply For

Anonymous — Tue, 18 Dec 2007 01:45:33 GMT

ficonovice, when you activate your card (I assume you will get it with a nice score like 723) inquire about BoA's Financial Rewards Platinum Visa. Basically a 1% cashback card or your choice of other rewards. I had the BoA Platinum Visa for like 6 years, and at some point in the last 12 months Ithey upgraded me to the financial rewards platinum visa without ever sending a new card (hence the old card still reads platinum visa - weird). That's why I'm thinking maybe you can upgrade? The only thing that made me take notice was my statment would read "you have such and such points" . Finally I go online to find out what I can get for a measly 226 points and turns out each point is worth $1 cashback! I don't know if its their best rewards card but it is a type of Platinum Visa and they upgraded me automatically.