Applying for a new Credit Card.

Venom911 · ‎01-13-2017

HI, I was considering applying for Bank of America cash rewards credit card. I have 9 hard inquiries that happened when a car dealership tried to pull my history and score when I had none. I've never missed a payment. I always paid in full before the due date. My utilization is below 6%, no high balances on any of the cards. I make around 25K a year, I know it's low but I manage my money wisely. I also have an American Eagle retail card with CL 700 and GAP card with CL 400.

EX: 714
TransUnion: 745
Equifax: I don't know yet.

So, my question is Do I stand a chance in being approved for this card or no?

EXP 744 TU 751 EQ 744 TCL=$26,300

AverageJoesCredit · ‎01-14-2017

Looks good, i say youve nothing to lose. Once you get in with Boa, itll be a ride for sure

EAJuggalo · ‎01-14-2017

I'd say you have a decent chance. Have you checked the pre-quals to see what they say? How long is your credit history and where are you getting those scores from?

EX700 TU 704 EQ 694 4/03/22
Cap1 QS-$4,500 Chase Freedom Flex- $800 Chase Freedom Unlimited- $1,000 Victoria's Secret- $1,200 Citi DC- $800 Amazon Store Card- $3,500 AMEX Hilton Honors-$1,000 Discover It-$1,000 Wal-Mart MC $290 Chase Sapphire Preferred-$5,000 NFCU Flagship $13,800 AMEX BCE-$1,000 AMEX Gold-$5,000 AMEX Delta Blue $1,000 Lowe's $5,000 Navy Platinum $17,000 AMEX BBP $2,000

fltireguy · ‎01-14-2017

And IF BofA denies you and offers you the 99/500 offer, take it!! It'll insecure in 6 months or less, and will be well worth your while

NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!

Venom911 · ‎01-14-2017

No, I haven't checked the pre-quals. My oldest account is w yrs with an avg. of 13 months. I've an account on Experian and I pulled my free annual report in 2016.

EXP 744 TU 751 EQ 744 TCL=$26,300

AverageJoesCredit · ‎01-14-2017

Im not too convinced Boa's prequals work. They seem more like generic this is what you may like, similar to Discovers.

Anonymous · ‎01-14-2017

@AverageJoesCredit wrote:
Im not too convinced Boa's prequals work. They seem more like generic this is what you may like, similar to Discovers.

I agree AJC, their pre-qual is very generic. I've been debating app-ing for a card from them at some point but am not a fan of the generic pre-qual.