Advice needed might App for 2 new cards B of A Personal and US Bank Business

[AzCreditGuy]

I just did a recent credit spree about 5 months ago and was disappointed when Chase rep screwed up my Business app. 1 inq and denied when my business was coded as gambling and the rep fat finged the #s. 

Over the weekend I got in the mail Invites from B of A Mastercard and US Bank Plat card ( a card many business owners want, but not everyone can get). They have great APR and BTs that I could use. 

With score ranging from 747-773 with all 3 and 1 to 2 inqs in the past 5 months. I dont mind apping to see if I can get both these cards. 

I was denied for a B of A credit card back in 2019, that app turned into a secure CC, which turned into a unsecure  Unlimited Cash Rewards World Mastercard and has a current CL of $82,700 with offers sometimes for 0% APR BTs. I do have a B of A checking account.

With US Bank I have a US BANK VISA card with a CL of $34k, I have no Bussiness CC with US Bank. But do have a personal and Buss checking account. 

Advice if I have good odds on getting these cards or? I kind of feel with the B of A, I could ask to transfer some of that credit over to the new card, if I do get  it and its low? 

For US Bank Buss, I dont feel they would give me a high CL? 

[FicoMike0]

Congratulations on the high cl with boa. Why the usb plat? No rewards, no sub, no nachos.

[coldfusion]

BoA mail invites are invitations to apply.    They only extend actual preapprovals as a type of Special Offer in the online Activity Center, but not all special offers are preapprovals.

BoA does sometimes silently transfer on their own some limit from an existing card in order to approve a new one.  If you get a denial you can try calling and asking for them to reconsider by transferring some limit from your existing card but you will need to grill the person you speak to to confirm they're an analyst performing a manual review (possibly someone in Jacksonville FL) as sometimes you can end up talking to a service rep not empowered to make a credit decision who just submits another automated application in your behalf.  If you apply and get approved log in and check the limit on your exsting card.   Can't really speak to the USB business card, I'd expect you might get better feedback on that one in the Business Credit subforum.

[GZG]

---

@AzCreditGuy wrote:

For US Bank Buss, I dont feel they would give me a high CL? 

---

run the pre-approval for the personal platinum, once you get to the screen where it asks you to read the terms and submit the application fully, you stop and call in and ask for the limit/apr that the computer has for the application

depending on what that limit/apr is can give you a gauge for how well US bank likes you right now 

what do you consider a small limit though?, if you need a serious, real business limit, not sure my advice above ^^ is very helpful 

[AzCreditGuy]

Thanks for the advice, you guys know if Equifax is used for any of these 2? EX, TU already have 2...Why not get EQ at 2 as well

[coldfusion]

BoA almost always pulls EX for CC and auto loan applications and soft pulls from TU for CC CLI requests but they did hard pull from EQ for my last card. 

[AzCreditGuy]

---

@coldfusion wrote:

BoA almost always pulls EX for CC and auto loan applications and soft pulls from TU for CC CLI requests but they did hard pull from EQ for my last card. 

---

All over the place B of A is lol

[AzCreditGuy]

---

@GZG wrote:

---

@AzCreditGuy wrote:

For US Bank Buss, I dont feel they would give me a high CL? 

---

run the pre-approval for the personal platinum, once you get to the screen where it asks you to read the terms and submit the application fully, you stop and call in and ask for the limit/apr that the computer has for the application

depending on what that limit/apr is can give you a gauge for how well US bank likes you right now 

what do you consider a small limit though?, if you need a serious, real business limit, not sure my advice above ^^ is very helpful 

---

Why do it for personal, when its a Buss Plat? I know personal and buss are night and day...My BofA is like that 

[AzCreditGuy]

Just an update I applied for both cards. Us Bank was done on Friday and I still awaiting word back and no HP, yet. 

When I applied for Bank of America online, it took a minute for it to kick in to, we will notify you if we need more information. Well I got an alert from Ex that B of A tried to pull my credit and they blocked it. I forgot I had placed a lock on both EX and TU since I already had 2 inq when I did my credit spree 5 months ago and today I got this email below.

I may just call up the underwriter and ask if they can see what I might quailify for? Or what does the group think? I dont want another HP on my Ex unless its a high SCL

[coldfusion]

---

@AzCreditGuy wrote:

I may just call up the underwriter and ask if they can see what I might quailify for? Or what does the group think? I dont want another HP on my Ex unless its a high SCL

---

What's the worst they can do if you call beyond telling you that there's no point in having a discussion if your reports remain locked/frozen? If it were me I'd call. 

I occasionally see data points to the contrary but in general BoA's reputation is that they won't make a credit decision if they can't see a report, even if it only calls for a soft pull. 

Just dawned on me to ask...any issue with their 7/12 rule?   Whilen not immutable it's something they take seriously and you only mentioned going 5 months back.