topic Re: I'm dreaming of a Bank of Americard... in Credit Cards

I'm dreaming of a Bank of Americard...

tcbofade — Fri, 30 Mar 2012 14:54:03 GMT

...just like the one everyone else besides me has...

With the knowledge that I've gained here, and paying close attention to my wifes and my own credit reports, I think I'm close.

I'm expecting a few score bumps on my Experian over the next 30 days or so...lower utilization rates, age of inquiries, etc...

I should have an EX FICO of about 690 by the end of April.

One inquiry in the previous six months, but 17 inquiries in the prior year.

No baddies on any of my cr's.

While I'm obviously impatient, I'd like to hear what y'all think...will BofA approve me with a 690, under 50% util, and the above listed goofy inq's?

Re: I'm dreaming of a Bank of Americard...

Anonymous — Fri, 30 Mar 2012 15:15:18 GMT

You maybe denied and referred to a secured card like me .

Re: I'm dreaming of a Bank of Americard...

Anonymous — Fri, 30 Mar 2012 15:20:16 GMT

Nice to hear that BofA still has some fans out there.

DH has their card, and I'm an AU. We're just not big fans. In our case, if we had to do it again, we would probably skip 'em.

If I might ask, what is it that you're liking so much about these guys?

Re: I'm dreaming of a Bank of Americard...

Open123 — Fri, 30 Mar 2012 15:23:04 GMT

@Anonymous wrote:
DH has their card, and I'm an AU. We're just not big fans. In our case, if we had to do it again, we would probably skip 'em.
If I might ask, what is it that you're liking so much about these guys?

It certainly can't be the rewards.

Re: I'm dreaming of a Bank of Americard...

tcbofade — Fri, 30 Mar 2012 15:23:25 GMT

@Anonymous wrote:

...If I might ask, what is it that you're liking so much about these guys?

To be perfectly honest, they are THE prime card that runs EX in my area...in my experience.

I'm interested in the zero percent BT's mostly.

Re: I'm dreaming of a Bank of Americard...

Open123 — Fri, 30 Mar 2012 15:29:23 GMT

@tcbofade wrote:
@Anonymous wrote:

...If I might ask, what is it that you're liking so much about these guys?

To be perfectly honest, they are THE prime card that runs EX in my area...in my experience.

I'm interested in the zero percent BT's mostly.

BofA is an excellent card for 0% promos. Have you checked out Citi? They have an 18 month 0% promo going.

Re: I'm dreaming of a Bank of Americard...

daveg38 — Fri, 30 Mar 2012 15:33:19 GMT

Not too fast on presuming a denial.

My TU Fico was 691, 0 baddies, AAOA 1.5 years and perfect payment history, 13 inquiries (9 in last 6 months). 11% utilization.

Escalate to Sr. Account manager after application.

Re: I'm dreaming of a Bank of Americard...

tcbofade — Fri, 30 Mar 2012 15:32:34 GMT

@Open123 wrote:
BofA is an excellent card for 0% promos. Have you checked out Citi? They have an 18 month 0% promo going.

Citi told me "no" in November. (with a 675)

As my TU score hasn't really improved any, I don't think it's worth reapplying.

Thank you, tho.

Re: I'm dreaming of a Bank of Americard...

Anonymous — Fri, 30 Mar 2012 15:32:50 GMT

Ah! So your EX is in better shape than EQ or TU and you're looking for a prime (ahem!) card that pulls EX. Do I have that right?

BofA may pull EX for your area, but they pulled EQ for DH. And they soft on all 3 - that seems to be a fairly common practice for several of our cards. So no matter who they pull for approval, they still see your other reports on a soft or on a CLI request. DH started at $4K, was popped down to $500 CL within a month after opening. His other cards were at $5K and $10K at the time, and have stayed there (or increased) since that time. BofA remains stubbornly at $500.

And it's the same BofA that has mortgage issues up the wazoo.

But to each their own - I think I like a few cards that some other folks aren't so fond of, as well. Gotta do what works best for you.

Sorry if that was a threadjack.

Re: I'm dreaming of a Bank of Americard...

Anonymous — Fri, 30 Mar 2012 15:33:22 GMT

Just don't talk to them over the phone........ I hate BoA's Customer Service.

Re: I'm dreaming of a Bank of Americard...

tcbofade — Fri, 30 Mar 2012 15:34:15 GMT

@daveg38 wrote:
Not too fast on presuming a denial.

My TU Fico was 691, 0 baddies, AAOA 1.5 years and perfect payment history, 13 inquiries (9 in last 6 months). 11% utilization.

Escalate to Sr. Account manager after application.

Thank you.

I'm not presuming either way yet...just REALLY looking forward to an approval.

Re: I'm dreaming of a Bank of Americard...

LS2982 — Fri, 30 Mar 2012 15:39:18 GMT

@tcbofade wrote:
...just like the one everyone else besides me has...

With the knowledge that I've gained here, and paying close attention to my wifes and my own credit reports, I think I'm close.

I'm expecting a few score bumps on my Experian over the next 30 days or so...lower utilization rates, age of inquiries, etc...

I should have an EX FICO of about 690 by the end of April.

One inquiry in the previous six months, but 17 inquiries in the prior year.

No baddies on any of my cr's.

While I'm obviously impatient, I'd like to hear what y'all think...will BofA approve me with a 690, under 50% util, and the above listed goofy inq's?

Not likely with this high util, I would get it down to below 10%. Other thatn that, they should overlook the old INQ's.

Re: I'm dreaming of a Bank of Americard...

daveg38 — Fri, 30 Mar 2012 15:40:02 GMT

Re: I'm dreaming of a Bank of Americard...

LS2982 — Fri, 30 Mar 2012 15:40:30 GMT

@daveg38 wrote:
Not too fast on presuming a denial.

My TU Fico was 691, 0 baddies, AAOA 1.5 years and perfect payment history, 13 inquiries (9 in last 6 months). 11% utilization.

Escalate to Sr. Account manager after application.

That was a + for you. OP needs to address this before going in on this app.

Re: I'm dreaming of a Bank of Americard...

LS2982 — Fri, 30 Mar 2012 15:42:07 GMT

@Anonymous wrote:
Ah! So your EX is in better shape than EQ or TU and you're looking for a prime (ahem!) card that pulls EX. Do I have that right?

BofA may pull EX for your area, but they pulled EQ for DH. And they soft on all 3 - that seems to be a fairly common practice for several of our cards. So no matter who they pull for approval, they still see your other reports on a soft or on a CLI request. DH started at $4K, was popped down to $500 CL within a month after opening. His other cards were at $5K and $10K at the time, and have stayed there (or increased) since that time. BofA remains stubbornly at $500.

And it's the same BofA that has mortgage issues up the wazoo.

But to each their own - I think I like a few cards that some other folks aren't so fond of, as well. Gotta do what works best for you.
Sorry if that was a threadjack.

I agree on leaving BofA alone. That CLD was just wrong!

Re: I'm dreaming of a Bank of Americard...

daveg38 — Fri, 30 Mar 2012 15:44:01 GMT

Guess I overlooked that.

I had feared spending the INQ, so I guess he should wait before taking the 4-8 point dinger.

Re: I'm dreaming of a Bank of Americard...

tcbofade — Fri, 30 Mar 2012 15:44:16 GMT

@Anonymous wrote:
Ah! So your EX is in better shape than EQ or TU and you're looking for a prime (ahem!) card that pulls EX. Do I have that right? Yep.

BofA may pull EX for your area, but they pulled EQ for DH. And they soft on all 3 - that seems to be a fairly common practice for several of our cards. So no matter who they pull for approval, they still see your other reports on a soft or on a CLI request. DH started at $4K, was popped down to $500 CL within a month after opening. His other cards were at $5K and $10K at the time, and have stayed there (or increased) since that time. BofA remains stubbornly at $500.

Not too worried about this...if they approve me for X credit limit, I'll BT it up to it's limit quickly...I know me, I've seen me do it.

And it's the same BofA that has mortgage issues up the wazoo.

But to each their own - I think I like a few cards that some other folks aren't so fond of, as well. Gotta do what works best for you.
Sorry if that was a threadjack.

Not a bit. Exactly the type of feedback I was looking for.

Thank you.

Re: I'm dreaming of a Bank of Americard...

tcbofade — Fri, 30 Mar 2012 15:45:59 GMT

@LS2982 wrote:
@tcbofade wrote:

While I'm obviously impatient, I'd like to hear what y'all think...will BofA approve me with a 690, under 50% util, and the above listed goofy inq's?
Not likely with this high util, I would get it down to below 10%. Other thatn that, they should overlook the old INQ's.

And you may very well be correct.

Trouble is, I KNOW that my util won't be down to 10% in the next 24 months.

...we've got a LONG way to go, but we're not in any particular hurry.

Re: I'm dreaming of a Bank of Americard...

Anonymous — Fri, 30 Mar 2012 15:48:59 GMT

I was going to say, I remember your case of the 35 cards, and your util not going down anytime soon.

Personally, I'm not digging BoA too much. I have not gotten any auto-luv from them in over 3 years, more than likely since they acquired MBNA.

And their customer service has by far, been the most sub-par I've ever encountered.

As soon as you tell a rep that you don't want to buy any of their insurances, they give you the coldest treatment you could ever receive.

Re: I'm dreaming of a Bank of Americard...

tcbofade — Fri, 30 Mar 2012 16:17:52 GMT

On a side note, OUR utilization was over 80% almost exactly a year ago...

WE should be under 50% by the end of April.

We ARE making progress...

(and a big, fat, hairy credit limit with zero percent BT's would certainly help... )