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

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Valued Contributor

Re: BofA Cash Rewards "Offer"

UPDATE -- So I decided to go for it. Worst case is it would cost me a hard pull, and I've been good about gardening so figured why not give it a whirl again. Went back online, clicked the offer thru the links and completed the form.

 

Hit submit, 10 seconds later, Approved! Wasn't expecting anything other than a manual review, but it went right thru. Woo-Hoo!! I immediatly thought "Did they take money from my other cards to fund this???" -- doublecheck and still whole. My personal cards are still in tact.

 

$3,500 SL, don't know what the APR is though

$200 SUB for $500/60 Days -- this SUB feels like an easy target Smiley Happy

 

Screen Shot 2019-03-07 at 6.39.42 PM.png

MAY 19 --- (FICO 8) EQ 764, EX 765, TU 785 --- (FICO 9) EQ 797, EX 798, TU 800
Message 11 of 56
Frequent Contributor

Re: BofA Cash Rewards "Offer"

Congrats! I’ve been thinking about applying for it.

Was it a HP?
Message 12 of 56
Regular Contributor

Re: BofA Cash Rewards "Offer"

Congrats!

Personal:
Business:
Gardening (hopefully) until 12/19
Message 13 of 56
Valued Contributor

Re: BofA Cash Rewards "Offer"


@LittleSal wrote:
Congrats! I’ve been thinking about applying for it.

Was it a HP?

Thanks! Yes, they pulled TU (I live in SC), not sure which version but BofA tends to use FICO 8. 

MAY 19 --- (FICO 8) EQ 764, EX 765, TU 785 --- (FICO 9) EQ 797, EX 798, TU 800
Message 14 of 56
Valued Contributor

Re: BofA Cash Rewards "Offer"


@Citalix wrote:

Congrats!


Thanks @Citalix!

MAY 19 --- (FICO 8) EQ 764, EX 765, TU 785 --- (FICO 9) EQ 797, EX 798, TU 800
Message 15 of 56
Valued Contributor

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

My account updated online this monring and it looks funky lol 

 

Looks like there is a CORP account and a regular Business Advantage (with my name attached) as a sub-card on the CORP account. Is that how BofA does that? I see each 'account' has it's own account number. 

 

I wonder if they issue two cards (one under the biz name only, and then one under biz w/my name). We'll see when they arrive or I'll give them a buzz to find out. 

 

Screen Shot 2019-03-08 at 9.50.49 AM.png

MAY 19 --- (FICO 8) EQ 764, EX 765, TU 785 --- (FICO 9) EQ 797, EX 798, TU 800
Message 16 of 56
Frequent Contributor

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

Thanks!

Did you have a business banking relationship with BoA prior to this card?
Message 17 of 56
Valued Contributor

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


@LittleSal wrote:
Thanks!

Did you have a business banking relationship with BoA prior to this card?

Nope - nada. 

 

I opened up a Biz checking account last year in Feb 2018, and I ended up closing it out within 45 days (the local Business Banker was horrible and Chase was doing it right so I went with them instead). With BofA I currently only had personal products:

  • BofA Cash Rewards V, $10k limit, opened OCT 2015
  • Personal checking (with literally only $29 in it), opened NOV 2016
  • BofA Cash Rewards VS, $30k limit, opened SEPT 2017

I had no existing BofA Business products. Went straight from no business products right to their credit card. I thought I'd get the "no enough relationship" so I was shocked to see it just approved it online, and without taking credit from my personal cards.

MAY 19 --- (FICO 8) EQ 764, EX 765, TU 785 --- (FICO 9) EQ 797, EX 798, TU 800
Message 18 of 56
Moderator

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

Congrats on the BoA biz CC approval OP.

The set up kind of reminds me of USB for some of the biz CCs. If you have multiple employees, USB can set up a "central billing account" as the receivable which is linked to the primary and it looks funky as well.

So, interesting DP that they pulled TU for this app. I can't recall what they used last time for mine (Alaska biz), I was thinking EX (too long ago) 😄
Message 19 of 56
Frequent Contributor

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

Wow. Awesome approval.

Thanks for the DP’s.
Message 20 of 56