topic Re: Bank of America is Sure Quick! in Credit Cards

Bank of America is Sure Quick!

chalupaman — Sun, 19 Oct 2014 13:34:19 GMT

Two days after I got approved for their card, I get an alert from Equifax Complete saying that it's already reporting on Experian! Wonder how long it might take for the account to report on Equifax and Transunion. I know Barclays was also super quick with their reporting too.

Re: Bank of America is Sure Quick!

JSS3 — Sun, 19 Oct 2014 12:35:45 GMT

What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?

Re: Bank of America is Sure Quick!

Hockeyplayrr — Sun, 19 Oct 2014 12:36:54 GMT

i have seen people with 75k BofA cards

@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?

Re: Bank of America is Sure Quick!

chalupaman — Sun, 19 Oct 2014 12:38:54 GMT

@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?

They told me that since I'm still sort of new to credit to their eyes, that's the highest they could give me right now but the terms are quite good. 0 APR for the first 12 months, and then 16.99% after, so it's not too far behind what I have on my Chase cards and my ED card still has the best promo offer of them all. Barclays gave me a decent starting limit, but crap APR at 24.99%.

Re: Bank of America is Sure Quick!

JSS3 — Sun, 19 Oct 2014 12:51:21 GMT

@Hockeyplayrr wrote:
i have seen people with 75k BofA cards
@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?

Were they new to BoA?

Re: Bank of America is Sure Quick!

JSS3 — Sun, 19 Oct 2014 12:45:01 GMT

@chalupaman wrote:
@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?
They told me that since I'm still sort of new to credit to their eyes, that's the highest they could give me right now but the terms are quite good. 0 APR for the first 12 months, and then 16.99% after, so it's not too far behind what I have on my Chase cards and my ED card still has the best promo offer of them all. Barclays gave me a decent starting limit, but crap APR at 24.99%.

Ok so what I'm gathering is BoA will give you a good starting limit if the rest of your profile is good. It doesn't depend on being new to them.

I want to get in with them eventually.

Re: Bank of America is Sure Quick!

chalupaman — Sun, 19 Oct 2014 12:57:40 GMT

@JSS3 wrote:
@chalupaman wrote:
@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?
They told me that since I'm still sort of new to credit to their eyes, that's the highest they could give me right now but the terms are quite good. 0 APR for the first 12 months, and then 16.99% after, so it's not too far behind what I have on my Chase cards and my ED card still has the best promo offer of them all. Barclays gave me a decent starting limit, but crap APR at 24.99%.
Ok so what I'm gathering is BoA will give you a good starting limit if the rest of your profile is good. It doesn't depend on being new to them.

I want to get in with them eventually.

They were the last major prime lender that I was wanting to get in with for a really long time but eventually gave up trying after a while. I once applied for their student cash rewards card and got denied last year but got their secured card offer. Barclays was second to last for quite a long time.

Here's the order with my approvals with the major lenders:

Citi (started out with this card first), CapOne after about 5-6 months, Discover instant approval after six months, Amex in June, Chase in August, Barclays in late September with an instant approval (after getting denied for the Sallie Mae, I just tried for another card and got it instantly and then PCed it), and this month Bank of America and I did that in a little over a year. I had that useless Wells Fargo college card for a while that I got around the same time I got the Discover card because it was one of those cards I thought I always wanted to have but didn't quite realize that the rewards on it weren't too good so I eventually closed that one.

Re: Bank of America is Sure Quick!

JSS3 — Sun, 19 Oct 2014 13:15:02 GMT

@chalupaman wrote:
@JSS3 wrote:
@chalupaman wrote:
@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?
They told me that since I'm still sort of new to credit to their eyes, that's the highest they could give me right now but the terms are quite good. 0 APR for the first 12 months, and then 16.99% after, so it's not too far behind what I have on my Chase cards and my ED card still has the best promo offer of them all. Barclays gave me a decent starting limit, but crap APR at 24.99%.
Ok so what I'm gathering is BoA will give you a good starting limit if the rest of your profile is good. It doesn't depend on being new to them.

I want to get in with them eventually.
They were the last major prime lender that I was wanting to get in with for a really long time but eventually gave up trying after a while. I once applied for their student cash rewards card and got denied last year but got their secured card offer. Barclays was second to last for quite a long time.

Here's the order with my approvals with the major lenders:

Citi (started out with this card first), CapOne after about 5-6 months, Discover instant approval after six months, Amex in June, Chase in August, Barclays in late September with an instant approval (after getting denied for the Sallie Mae, I just tried for another card and got it instantly and then PCed it), and this month Bank of America and I did that in a little over a year. I had that useless Wells Fargo college card for a while that I got around the same time I got the Discover card because it was one of those cards I thought I always wanted to have but didn't quite realize that the rewards on it weren't too good so I eventually closed that one.

LOL yeah I don't know what to do with my Wells Fargo. I'll see if they give me an auto CLI. Not too familiar with this company as I am with the others and the reviews aren't good.

I'm missing an Amex and BoA.

Re: Bank of America is Sure Quick!

Anonymous — Sun, 19 Oct 2014 13:20:34 GMT

@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?

When you have a Credit Card with BOA all the information about your accout is there for you to see Online and the CLI Button is there too in plain view, The same can NOT be said about Chase because Chase Doesn't even have a CLI Button Online, You have to call Chase to request a CLI and that makes things worse than BOA, Also BOA has Daily Deals where you can get an extra 5% to 20% Off when using their Credit Card as you normally would in different places and that is on top of their regular Cashback of 1% to 3%...

Re: Bank of America is Sure Quick!

Anonymous — Sun, 19 Oct 2014 13:21:02 GMT

@chalupaman wrote:
Two days after I got approved for their card, I get an alert from Equifax Complete saying that it's already reporting on Experian! Wonder how long it might take for the account to report on Equifax and Experian. I know Barclays was also super quick with their reporting too.

i can't NOT say anything about Barclays because i have been Declined multiple times by Barclays But i can say BOA reports really really fast , i wish Chase were as fast , i'm still waiting for my Chase AARP to show up

Re: Bank of America is Sure Quick!

JSS3 — Sun, 19 Oct 2014 13:35:12 GMT

@Anonymous wrote:
@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?
When you have a Credit Card with BOA all the information about your accout is there for you to see Online and the CLI Button is there too in plain view, The same can NOT be said about Chase because Chase Doesn't even have a CLI Button Online, You have to call Chase to request a CLI and that makes things worse than BOA, Also BOA has Daily Deals where you can get an extra 5% to 20% Off when using their Credit Card as you normally would in different places and that is on top of their regular Cashback of 1% to 3%...

What were your initial limits?

Re: Bank of America is Sure Quick!

chalupaman — Sun, 19 Oct 2014 13:35:43 GMT

@Anonymous wrote:
@chalupaman wrote:
Two days after I got approved for their card, I get an alert from Equifax Complete saying that it's already reporting on Experian! Wonder how long it might take for the account to report on Equifax and Experian. I know Barclays was also super quick with their reporting too.
i can't NOT say anything about Barclays because i have been Declined multiple times by Barclays But i can say BOA reports really really fast , i wish Chase were as fast , i'm still waiting for my Chase AARP to show up

Same here though as soon as I got approved for that card, it was already showing up on my login page. No email notification or call of my approval or anything like with last time. BoA took a day or two to start showing up on my login.

Re: Bank of America is Sure Quick!

chalupaman — Sun, 19 Oct 2014 13:47:46 GMT

Update: It's reporting on both EX and EQ. Not showing up on TU yet.

Re: Bank of America is Sure Quick!

Anonymous — Mon, 20 Oct 2014 11:48:01 GMT

@JSS3 wrote:
@Anonymous wrote:
@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?
When you have a Credit Card with BOA all the information about your accout is there for you to see Online and the CLI Button is there too in plain view, The same can NOT be said about Chase because Chase Doesn't even have a CLI Button Online, You have to call Chase to request a CLI and that makes things worse than BOA, Also BOA has Daily Deals where you can get an extra 5% to 20% Off when using their Credit Card as you normally would in different places and that is on top of their regular Cashback of 1% to 3%...
What were your initial limits?

$3,500 limit then i asked for CLI and got $5,500 , BOA is the Second biggest and most powerful American Bank after Chase, So it is always a good idea to have them on your side

Re: Bank of America is Sure Quick!

Anonymous — Mon, 20 Oct 2014 13:19:37 GMT

Nice.

I should probably repair my bridge with them..

Re: Bank of America is Sure Quick!

JSS3 — Mon, 20 Oct 2014 13:51:37 GMT

@Anonymous wrote:
@JSS3 wrote:
@Anonymous wrote:
@JSS3 wrote:
What are their initial credit limits like? Do they also start you low despite your higher limits because you're new to them(like Barclays) or do they match current limits?
When you have a Credit Card with BOA all the information about your accout is there for you to see Online and the CLI Button is there too in plain view, The same can NOT be said about Chase because Chase Doesn't even have a CLI Button Online, You have to call Chase to request a CLI and that makes things worse than BOA, Also BOA has Daily Deals where you can get an extra 5% to 20% Off when using their Credit Card as you normally would in different places and that is on top of their regular Cashback of 1% to 3%...
What were your initial limits?
$3,500 limit then i asked for CLI and got $5,500 , BOA is the Second biggest and most powerful American Bank after Chase, So it is always a good idea to have them on your side

And what was your highest limit at the time of BoA approval?

Re: Bank of America is Sure Quick!

Hockeyplayrr — Mon, 20 Oct 2014 14:29:52 GMT

bank of america bumped me up from 2k to 4.9k (asked for 25k shooting for the stars) with the only usage being the $500 needed to spend to get the free $100. I assume if someone regularly uses the card and has the income to support it the limit could be huge.

Re: Bank of America is Sure Quick!

newhis — Tue, 21 Oct 2014 00:22:25 GMT

@chalupaman wrote:
Two days after I got approved for their card, I get an alert from Equifax Complete saying that it's already reporting on Experian! Wonder how long it might take for the account to report on Equifax and Transunion. I know Barclays was also super quick with their reporting too.

My DW got a secured card in February 2014, up until today it doesn't report to EX, only TU and EQ. I got mine in March, it reports ok to all 3. Don't know how to fix that.

Re: Bank of America is Sure Quick!

taxi818 — Tue, 21 Oct 2014 00:26:29 GMT

@newhis wrote:
@chalupaman wrote:
Two days after I got approved for their card, I get an alert from Equifax Complete saying that it's already reporting on Experian! Wonder how long it might take for the account to report on Equifax and Transunion. I know Barclays was also super quick with their reporting too.
My DW got a secured card in February 2014, up until today it doesn't report to EX, only TU and EQ. I got mine in March, it reports ok to all 3. Don't know how to fix that.

You can't fix who the lender reports to. It is what it is.

Re: Bank of America is Sure Quick!

Anonymous — Tue, 21 Oct 2014 01:25:13 GMT

Bank of America reports to all 3. if they aren' reporting to Experian then you should call Experian.. Because, experian is actually who BOA when applying for a card.