topic Re: Bank of America Cash Rewards Sig in Credit Cards

Bank of America Cash Rewards Sig

Anonymous — Wed, 12 Dec 2012 20:43:27 GMT

Went through the website pre-screening tool and landed on a app for this card. Was approved for 5k. Anybody have any feedback on this card?

I hope chase bumps up my limit to meet the other cards...

Thanks for all the knowledge...You are all a great. Thank You.

Re: Bank of America Cash Rewards Sig

jsickz32 — Wed, 12 Dec 2012 20:59:24 GMT

is it the regular cash back siggy or the privilege cashback siggy? Also it seems bofa dont report cl on siggys unless you call them and tell them to

Re: Bank of America Cash Rewards Sig

HiLine — Wed, 12 Dec 2012 20:57:41 GMT

What do you want to know? I hope you qualify for the running bonus of $100 after $500 purchase.

Re: Bank of America Cash Rewards Sig

Anonymous — Wed, 12 Dec 2012 21:02:55 GMT

I think get the bonus, as it was on the header above the app. I

The card is the plain cash rewards, not the privilege.

How are they with cli? Do they auto? How long?

I hope they do report, as its my biggest limit and would love Chase to chase.

Thanks

Re: Bank of America Cash Rewards Sig

jsickz32 — Wed, 12 Dec 2012 21:06:17 GMT

ive had my bofa since 09 and they only given me a auto cli once....it was for 500 and it was 3 months ago so yeah....

Re: Bank of America Cash Rewards Sig

HiLine — Wed, 12 Dec 2012 21:53:25 GMT

I have Visa Signature with them too, and was a little disappointed that the credit limit was not going to be reported. I had two options: convert to a Platinum, or charge a lot of money on the card without paying to build up a high balance. Since I like the added benefits of the Visa Signature, I went the second route and reached the limit, then paid everything off. The intro 0% APR boosted my confidence level even though I ended up not using it, but you may find it helpful for carrying a balance while building a high balance.

Re: Bank of America Cash Rewards Sig

jsickz32 — Wed, 12 Dec 2012 21:57:17 GMT

@HiLine wrote:
I have Visa Signature with them too, and was a little disappointed that the credit limit was not going to be reported. I had two options: convert to a Platinum, or charge a lot of money on the card without paying to build up a high balance. Since I like the added benefits of the Visa Signature, I went the second route and reached the limit, then paid everything off. The intro 0% APR boosted my confidence level even though I ended up not using it, but you may find it helpful for carrying a balance while building a high balance.

what if you buy something expensive just before day your statement ends and then return it after it reports lol

Re: Bank of America Cash Rewards Sig

Anonymous — Wed, 12 Dec 2012 22:00:29 GMT

On the other hand, I went from a secured $500 BoA in 2009 to a 5k limit now. And just got the BoA Cash Reward Privlidge card at 10k. Theyve treated me very very well.

Re: Bank of America Cash Rewards Sig

Anonymous — Wed, 12 Dec 2012 22:01:28 GMT

@Anonymous wrote:
On the other hand, I went from a secured $500 BoA in 2009 to a 5k limit now. And just got the BoA Cash Reward Privlidge card at 10k. Theyve treated me very very well.

Does the Privlidge report limit to CRAs?

Re: Bank of America Cash Rewards Sig

jsickz32 — Wed, 12 Dec 2012 22:22:20 GMT

im chatting online with bofa and they say that the privilege does report the CL

Re: Bank of America Cash Rewards Sig

HiLine — Wed, 12 Dec 2012 22:37:02 GMT

@jsickz32 wrote:
im chatting online with bofa and they say that the privilege does report the CL

Unfortunately BofA CSR's are not well-versed on the credit reporting topic. From everyone I've heard from, BofA does not report the credit limit of any Visa Signature card.

@jsickz32 wrote:
@HiLine wrote:
I have Visa Signature with them too, and was a little disappointed that the credit limit was not going to be reported. I had two options: convert to a Platinum, or charge a lot of money on the card without paying to build up a high balance. Since I like the added benefits of the Visa Signature, I went the second route and reached the limit, then paid everything off. The intro 0% APR boosted my confidence level even though I ended up not using it, but you may find it helpful for carrying a balance while building a high balance.
what if you buy something expensive just before day your statement ends and then return it after it reports lol

The high balance is as of the end of the day, so you could execute this strategy any time, but remember you'd have to wait for the charge to be reflected on the balance; a pending charge may not count.

Good luck finding something expensive that's easily returnable.

Re: Bank of America Cash Rewards Sig

jsickz32 — Wed, 12 Dec 2012 22:46:30 GMT

@HiLine wrote:
@jsickz32 wrote:
im chatting online with bofa and they say that the privilege does report the CL

Unfortunately BofA CSR's are not well-versed on the credit reporting topic. From everyone I've heard from, BofA does not report the credit limit of any Visa Signature card.

@jsickz32 wrote:
@HiLine wrote:
I have Visa Signature with them too, and was a little disappointed that the credit limit was not going to be reported. I had two options: convert to a Platinum, or charge a lot of money on the card without paying to build up a high balance. Since I like the added benefits of the Visa Signature, I went the second route and reached the limit, then paid everything off. The intro 0% APR boosted my confidence level even though I ended up not using it, but you may find it helpful for carrying a balance while building a high balance.
what if you buy something expensive just before day your statement ends and then return it after it reports lol
The high balance is as of the end of the day, so you could execute this strategy any time, but remember you'd have to wait for the charge to be reflected on the balance; a pending charge may not count.

Good luck finding something expensive that's easily returnable.

for example my kays card....when i got the card i used it to buy a ring, the ring was 4300.00. i made the first payment on that card and the card reported the balance BUT i changed my mind about being engaged and returned the ring lol i mean you have 100 days to return jewerly. now thats my highest balance on my kay card that shows in my report

Re: Bank of America Cash Rewards Sig

HiLine — Wed, 12 Dec 2012 23:10:09 GMT

@jsickz32 wrote:
i changed my mind about being engaged

Poor guy/girl

Re: Bank of America Cash Rewards Sig

jsickz32 — Wed, 12 Dec 2012 23:19:48 GMT

@HiLine wrote:
@jsickz32 wrote:
i changed my mind about being engaged
Poor guy/girl

im a guy and it was a girl lol i was 20 at the time...anyways im dying here to app for something! i really want that bofa privilege!

Re: Bank of America Cash Rewards Sig

HiLine — Wed, 12 Dec 2012 23:41:52 GMT

@jsickz32 wrote:
@HiLine wrote:
@jsickz32 wrote:
i changed my mind about being engaged
Poor guy/girl

im a guy and it was a girl lol i was 20 at the time...anyways im dying here to app for something! i really want that bofa privilege!

I bet you don't. You have enough BofA cards!

Re: Bank of America Cash Rewards Sig

jsickz32 — Wed, 12 Dec 2012 23:44:00 GMT

@HiLine wrote:
@jsickz32 wrote:
@HiLine wrote:
@jsickz32 wrote:
i changed my mind about being engaged
Poor guy/girl

im a guy and it was a girl lol i was 20 at the time...anyways im dying here to app for something! i really want that bofa privilege!
I bet you don't. You have enough BofA cards!

i asked them if there was a limit to how many cards i could have with them and they said no....i want to at least convert mine to a privilege but i wont get the 0% promo or 100 cash back...im getting the shakes cuz i need to apply for something

Re: Bank of America Cash Rewards Sig

Anonymous — Wed, 12 Dec 2012 23:59:04 GMT

@Anonymous wrote:
On the other hand, I went from a secured $500 BoA in 2009 to a 5k limit now. And just got the BoA Cash Reward Privlidge card at 10k. Theyve treated me very very well.

littlecat, do you have a checking/savings with a large deposit? i think i remember someone not being able to get the privileges cash rewards because they didn't have enough in their deposit accounts. I find that odd since it has an annual fee and you can apply from the main website like all their other cards, and nowhere in the terms does it mention you need one either.

Re: Bank of America Cash Rewards Sig

jsickz32 — Thu, 13 Dec 2012 00:02:08 GMT

@Anonymous wrote:
@Anonymous wrote:
On the other hand, I went from a secured $500 BoA in 2009 to a 5k limit now. And just got the BoA Cash Reward Privlidge card at 10k. Theyve treated me very very well.
littlecat, do you have a checking/savings with a large deposit? i think i remember someone not being able to get the privileges cash rewards because they didn't have enough in their deposit accounts. I find that odd since it has an annual fee and you can apply from the main website like all their other cards, and nowhere in the terms does it mention you need one either.

you dont need to have large amounts of money in your checkings to get this card. however you can get the $74 AF waived if you got at least 50k in the bank.

Re: Bank of America Cash Rewards Sig

Anonymous — Thu, 13 Dec 2012 00:05:19 GMT

@jsickz32 wrote:
@Anonymous wrote:
@Anonymous wrote:
On the other hand, I went from a secured $500 BoA in 2009 to a 5k limit now. And just got the BoA Cash Reward Privlidge card at 10k. Theyve treated me very very well.
littlecat, do you have a checking/savings with a large deposit? i think i remember someone not being able to get the privileges cash rewards because they didn't have enough in their deposit accounts. I find that odd since it has an annual fee and you can apply from the main website like all their other cards, and nowhere in the terms does it mention you need one either.

you dont need to have large amounts of money in your checkings to get this card. however you can get the $74 AF waived if you got at least 50k in the bank.

right that's what i said, but this person said BOA was telling them you need the large deposit just to have the card in the first place, which made no sense to me. I figured it was just a misinformed rep but AFAIK they never got the privileges card.

Re: Bank of America Cash Rewards Sig

Anonymous — Thu, 13 Dec 2012 00:18:53 GMT

What are the benefits of the card? I know its a $75 AF. Do you think i can PC to Privilege even when I was approved today for cash rewards sig?