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Bank of America Business Cash Rewards

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Kasuito39
Frequent Contributor

Bank of America Business Cash Rewards

My secured BOA Business Cash Rewards just hit the one year mark. Received my $1k  deposit back and my limit remained at $1k. 

6 REPLIES 6
BigBS
Senior Contributor

Re: Bank of America Business Cash Rewards

Congrats!

Score: EQ(809) EX(819) TU(800)
INQs: EQ(7) EX(16) TU(8)
Last INQ: 13 Jul 23

Total Credit Limit - $2.0M

Message 2 of 7
AzCreditGuy
Established Contributor

Re: Bank of America Business Cash Rewards


@Kasuito39 wrote:

My secured BOA Business Cash Rewards just hit the one year mark. Received my $1k  deposit back and my limit remained at $1k. 


So they really do go the full year? interesting, did they change you to unsecure?

Message 3 of 7
ZackAttack
Established Contributor

Re: Bank of America Business Cash Rewards

Is it easier getting the secured vs unsecured?? I currently open up an LLC back in May. Currently sitting on the 3rd tier in BOA preferred rewards program.

 

MSGCU Rewards | $8kDiscover Cash It | $10kAmex BCP | $15kBest Buy Visa | $20kChase Freedom Flex | $8kDCU Platinum | $8kNFCU Plat | $35kNFCU cashRewards | $24kAffinity FCU Cash Rewards | $7kAmazon Prime | 12.5kChase Unlimited | 16.4kUSAA Cashback Rewards Plus Amex | 10kAmex Business Cash | 10k


Loans
Ford Credit Car Loan 2-year 6/22/2023 ($299/month)
Closed
Michigan Schools & Gov't CU Titanium 1/4/2019 - 10/2/2020
Ford Credit Car Loan 3-year 7/31/2018-6/6/2021
$1,500 Discover Card 10/2/2020 - 8/18/2021
$3,500 Citi DC 10/14/2020 - 12/11/2021
$8,000 DCU Personal Loan 5-year 5.99% 10/2/2020 - 4/30/2021
$8,000 NFCU CashRewards 1/2/2021 - 7/30/2022
$5,000 MSGCU Personal Loan 3-year 7.75% 4/22/2022 - 10/30/2022
Ford Credit Car Loan 2-year 6/7/2021 - 6/22/2023
Message 4 of 7
AzCreditGuy
Established Contributor

Re: Bank of America Business Cash Rewards


@ZackAttack wrote:

Is it easier getting the secured vs unsecured?? I currently open up an LLC back in May. Currently sitting on the 3rd tier in BOA preferred rewards program.

 


I have a bank realtionship with B of A and healthly deposits that were going into the my personal account. 800+ scores and even with a manual recon, they still denied me. 

 

The intial credit check they check for a realtionship with them and if they deny for a unsecured, you can apply for a secured card and they will use the same credit pull from the 1st (But they still pull again?), so they say. 

 

How they deal with Business, to me is a way to drive consumers away. 

Message 5 of 7
cashorcharge
Community Leader
Senior Contributor

Re: Bank of America Business Cash Rewards

WooHoo!! Congratulations on your Graduation!!👏🏼🍾🥂

Message 6 of 7
URHomeInvestments
Regular Contributor

Re: Bank of America Business Cash Rewards

@AzCreditGuythanks for mentioning how poorly they do business with entrepreneurs.  I will continue to avoid.

Message 7 of 7
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