topic Re: BOA Better Balance approval criterion? in Credit Cards

BOA Better Balance approval criterion?

youngandcreditwrthy — Sun, 30 Jun 2013 02:27:58 GMT

So what scores have seen approvals?

Anyone have any good approval experiences with this card?

I may consider closing some accounts and opening this one, hopefully with a $5-10k limit. Seems like it'd be a good BT card.
Thanks for the info folks!

Re: BOA Better Balance approval criterion?

armbenderc — Sun, 30 Jun 2013 02:46:51 GMT

@youngandcreditwrthy wrote:
So what scores have seen approvals?

Anyone have any good approval experiences with this card?

I may consider closing some accounts and opening this one, hopefully with a $5-10k limit. Seems like it'd be a good BT card.
Thanks for the info folks!

I think you would get it

I app'd for boa few days ago and got the BankAmerican Privileges /w Cash Rewards 7.5k CL

Re: BOA Better Balance approval criterion?

Anonymous — Sun, 30 Jun 2013 02:50:46 GMT

Don't encourage him.

Re: BOA Better Balance approval criterion?

youngandcreditwrthy — Sun, 30 Jun 2013 02:56:26 GMT

Lol...
Well, If I'm going to be phasing out a couple of my high cl GE cards, I shall need a replacement or two! Lol
Just considering it for now; I'm in no rush to app! Lol

Re: BOA Better Balance approval criterion?

armbenderc — Sun, 30 Jun 2013 03:07:09 GMT

Lol @ lexie, Anyway, with higher spending, don't you think the cash back card is better? The 123 rewards boa.

Re: BOA Better Balance approval criterion?

youngandcreditwrthy — Sun, 30 Jun 2013 03:51:11 GMT

Well, Amex gets my everyday spend. I would use this card as a bt and get that $25 quarterly bonus. I've never had a BOA card before....

Re: BOA Better Balance approval criterion?

Anonymous — Sun, 30 Jun 2013 04:24:05 GMT

I was approved with a 754. I do have a ckg & the 123 card with them already. They originally instant approved me for $3000 but I called and had them raise the limit to $6000; which is more than enough for me.

Now I'm back in the garden.

Re: BOA Better Balance approval criterion?

creditfan — Sun, 30 Jun 2013 04:58:53 GMT

after approval, you also get to see the score whatever the bureau they pull

when I got my card, I saw my included letter was 753

Re: BOA Better Balance approval criterion?

armbenderc — Sun, 30 Jun 2013 05:03:41 GMT

@hutchj when you ask for another 3k did they do another hp? If not, may I ask which number you call? Pm me if you can.

Re: BOA Better Balance approval criterion?

Anonymous — Sun, 30 Jun 2013 05:37:13 GMT

@armbenderc wrote:
@Anonymous when you ask for another 3k did they do another hp? If not, may I ask which number you call? Pm me if you can.

They did do a HP, but they got rid of the HP from the app. So in total I had one HP. I'll also PM you the answer just incase you don't check this.

Re: BOA Better Balance approval criterion?

emptypockets — Sun, 30 Jun 2013 05:39:34 GMT

I was approved for this card in April, they did a double pull (TU and EX). Scores at the time were approx same as my siggy - TU 766, EX 790. Instant approval for $12,500. I have a small mortgage on a rental property through BOA since 2009. This is my first BOA credit card.

Re: BOA Better Balance approval criterion?

HiLine — Sun, 30 Jun 2013 06:31:41 GMT

This card belongs to the BankAmericard family, so I'd speculate that it has the same underwriting criteria as the Cash Rewards and Travel Rewards sisters. They are relatively easy to get.

Re: BOA Better Balance approval criterion?

TimeToRecover — Sun, 30 Jun 2013 12:40:11 GMT

I just got the cash rewards last week. Got my paperwork and it was a pull on EX myscore a 687. I got a 5K CL visa signature.

Re: BOA Better Balance approval criterion?

navigatethis12 — Sun, 30 Jun 2013 12:48:25 GMT

They seem to be the easiest bank to get in with and to get increases from after you have it. I don't think you will have a problem. However, I don't think this card is a good balance transfer card. A small 4000 balance transfer would wipe out the rewards for the entire year. A Chase Slate would be better, in my opinion.

Re: BOA Better Balance approval criterion?

dddewdrop — Sun, 30 Jun 2013 13:21:31 GMT

Get ye back in de garden. You don't need anymore cards right now. You just were given a sign that you had too much credit and you talked about closing some accounts. Seems like opening a new account is the opposite of that.

Re: BOA Better Balance approval criterion?

youngandcreditwrthy — Sun, 30 Jun 2013 14:19:33 GMT

Thanks everyone. I'm still in the garden, with only a slip up or two in the past 6 months.
I'd close a couple of accts as previously mentioned, before I'd even app for this card.

Re: BOA Better Balance approval criterion?

Anonymous — Sun, 30 Jun 2013 14:54:16 GMT

What is the attraction of this card? It doesn't seem to have a sign-up bonus, or am I missing that? I get that you can get up to $120 a year for doing very little (but you do need to spend some on the card which might be better spent on other cards, and making sure it reports a balance, which can cost a few points on your credit score, and you need a BoA account, which aren't all that attractive).

Other cards have high sign up bonuses, so why not those instead of this? Yes, with a thick enough file you can do both, but you could also apply for more cards with bonuses.

And, while in theory you can say this is $120 every year, unlike sign up bonuses, I would be surprised if this lasts all that long...

Re: BOA Better Balance approval criterion?

Creditaddict — Sun, 30 Jun 2013 15:08:52 GMT

@youngandcreditwrthy wrote:
Thanks everyone. I'm still in the garden, with only a slip up or two in the past 6 months.
I'd close a couple of accts as previously mentioned, before I'd even app for this card.

I don't know why you would close anything especially with the thought of closing just to apply... You would have to wait 30-60 days after closing before applying and I really don't see an issue with BofA automated computer system having an issue with high available credit... they can issue some very high credit lines and your other HIGH credit lines show that you can handle high credit lines... all pluses from BofA if you ask me... well really all pluses with most banks!

You are to concerned about stupid Citi and other banks being the same.

Now I think it reports as charge card but you think someone would have closed out a $50k credit line with Neiman Marcus because Citi called them and said they had to much available? NO!! Do you need some of the high lines you have at the stores? maybe not all, but for 1 tiny card to come in and be like choose our 1 card or choose 10 of your other cards.... that's easy!

the only way I would change this statement is if you had American Express, Bank of America, AND Chase tell you the same thing Citi did. okay fine 2 out of 4 tell you to close some cards... I just have not heard of such a thing in 15+ years.

Have you checked the pre-qual on BofA website??

Re: BOA Better Balance approval criterion?

Anonymous — Sun, 30 Jun 2013 17:53:35 GMT

@Anonymous wrote:
What is the attraction of this card? It doesn't seem to have a sign-up bonus, or am I missing that? I get that you can get up to $120 a year for doing very little (but you do need to spend some on the card which might be better spent on other cards, and making sure it reports a balance, which can cost a few points on your credit score, and you need a BoA account, which aren't all that attractive).
Other cards have high sign up bonuses, so why not those instead of this? Yes, with a thick enough file you can do both, but you could also apply for more cards with bonuses.

And, while in theory you can say this is $120 every year, unlike sign up bonuses, I would be surprised if this lasts all that long...

Personally, I'm getting a $120/year for buying Starbucks. So 1% on $2.72 a day does not come close to $10 a month from taking advantage of this card.

Re: BOA Better Balance approval criterion?

Open123 — Sun, 30 Jun 2013 17:57:07 GMT

@Anonymous wrote:
What is the attraction of this card? It doesn't seem to have a sign-up bonus, or am I missing that?

Ah, if one can afford the HP, new account and have reached the limit with Chase, Amex and Citi, just use it for Netflix subscription on autopay?