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BofA Biz Cash MC "Offer" - UPDATE: Approved!!

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Valued Contributor

BofA Biz Cash MC "Offer" - UPDATE: Approved!!

BofA must be really trying to push their business products. 

 

They've been blasting their "Get our business checking account" offer when I log in for about 2-3 months now. Tonight I was paying my bill and there was a "Your business card offer!" link under my personal checking account. Seemed like an odd place to put it and when I clicked it, it was pretty clear it was for a business card. It's not an offer though, more so the standard "You're invited to apply" -- isn't everyone? lol 

 

I'm not sure what their actual pre-approvals look like, but I'm sure this isn't one of them. Anyone else getting these pop-ups from them?

 

Screen Shot 2019-03-04 at 8.39.58 PM.png

 

Screen Shot 2019-03-04 at 8.40.27 PM.png

 

**SUB UPDATE**

Card approved on 03/04. Reached minimum spend on 03/25. $200 SUB posted on 03/28 -- first cycle hasn't even closed yet but it's on there. They got it on there fast! Always nice.

 

Screen Shot 2019-03-30 at 8.13.28 AM.png

 

 

Message 1 of 58
57 REPLIES 57
Frequent Contributor

Re: BofA Cash Rewards "Offer"

I received this offer as well. They followed it up with a mailer. Looks like a decent business card.
Message 2 of 58
Moderator

Re: BofA Cash Rewards "Offer"

Got hit with this today as well as well as business checking recently.. They are really pushing their business cards.  Wonder how they are with SP or if you should use an EIN . also do they just pull personal credit or do they also pull EQ or Exp Business credit report?  Anyone?

Message 3 of 58
Community Leader
Super Contributor

Re: BofA Cash Rewards "Offer"

Got this too. They wont give me cli but they have this and a $300 checking account bonus on site for me. Cant get the $300 as my job doesnt have direct deposit and im not about to use any more hps for Boa, tired of rejectionSmiley Wink
#ChaseCreditCardHobby Enthusiast
2022
!
Message 4 of 58
Super Contributor

Re: BofA Cash Rewards "Offer"


@CreditCuriosity wrote:

Got hit with this today as well as well as business checking recently.. They are really pushing their business cards.  Wonder how they are with SP or if you should use an EIN . also do they just pull personal credit or do they also pull EQ or Exp Business credit report?  Anyone?


It's a decent card. My only quibble is they have a weird kind of bookkeeping setup. They post 2 accounts, 1 for the payments, 1 for the charges. Other than that it's fine.

 

It's a HP.

 

Yes they pull personal credit.

 

It reports only to business credit.

 

 

 

 


Total revolving limits 720500 (594000 reporting) 10/2/19 FICO 8 scores: EQ 744 TU 782 EX 746
Message 5 of 58
Frequent Contributor

Re: BofA Cash Rewards "Offer"


@CreditCuriosity wrote:

also do they just pull personal credit or do they also pull EQ or Exp Business credit report?  Anyone?


They will pull your personal for me it has been EQ or TU at different times

 

They will pull SBFE for business

Message 6 of 58
Moderator

Re: BofA Cash Rewards "Offer"


@inverse wrote:

@CreditCuriosity wrote:

also do they just pull personal credit or do they also pull EQ or Exp Business credit report?  Anyone?


They will pull your personal for me it has been EQ or TU at different times

 

They will pull SBFE for business


interesting on SBFE had to do a quick google on that so kinda a lexus nexis of small business info?

Message 7 of 58
Valued Contributor

Re: BofA Cash Rewards "Offer"


@CreditCuriosity wrote:

@inverse wrote:

@CreditCuriosity wrote:

also do they just pull personal credit or do they also pull EQ or Exp Business credit report?  Anyone?


They will pull your personal for me it has been EQ orTUU at different times

 

They will pullSBFEE for business


interesting onSBFEE had to do a quickgooglee on that so kinda alexussnexiss of small business info?


Screen Shot 2019-03-06 at 10.12.23 AM.png

 

If the credit you're applying forparticipates in SBFE then the SBFE provides like a mini-report of the above info. It does not produce scores or anything like that, but like a 2nd verification of what someone has under their business name. 

 

I opened a biz checking account with BofA last year and applied for their card at the same time. IF they had submitted a request for the SBFE report it would have been totally absent since their card was the first item I'd ever have under my business name. Not sure if BofA uses them, but they were much more curious about my personal stuff. Really they just wanted to confirm I was who I was, similar to when I'd open additional personal checking accounts, but the process was quite painless. 

 

They did not approve my card app, but counted with their secured version ($1,500 minimum and didn't even know they had one). It was just like when I applied for my regular personal cards way back when and they came back with the $99/$500 option. I wasn't too surprised though because I was applying for my first biz card and had zero biz credit history. I did not take them up and opted out. Hope that helps

Message 8 of 58
New Contributor

Re: BofA Cash Rewards "Offer"

I dont think SBFE matters for Bofa Credit app.

Lot of people i personally know, got approved  for Business Card from Bofa with in 3 month of registering business.

Prior History and Opening account at branch really gives advantage for approval.

Message 9 of 58
New Contributor

Re: BofA Cash Rewards "Offer"

I've received 2 offers to apply for business credit cards in the last 6 months. First was an online one, applied and approved. 2nd time I received a call from my local branch's business specialist, applied and approved. In both cases I believe the only pulled EX, and did not pull SBFE, however during a term loan application they did pull lexisnexis.

Message 10 of 58
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