BOA $99/$500 question?

Anonymous · ‎05-10-2018

I recently applied for the BOA rewards and was denied. App took two days to be reviewed before receiving declined notice. I didnt recieve a counter offer for the $99/$500 partially secured card because it wasnt an instant denial. Called recon stated I was declined for too many new accounts, too many inquires, and no history of accounts with them. However i have read of others being approved with more new accounts and higher inquiries than I obviously mo every app is new account and inquiry sensitive. I have taken the liberty to open a checking account with them even though I have read many bad reviews about them in the banking aspect. My question is if I apped again which would end in instant denial what are the odds of receiving a counter offer for that card to get my foot in the door? My EX score they pulled was 691 at the time of HP and I know most CC companies keep HP on file for 30 days. If I apped again would it use the same HP or likely give me another one. I will only have 5 inquires showing for the year after Sept 15 as all of my inquires from buying my car and motorcycle two years ago fall off. Currently sitting at 16 INQ for EX.

Anonymous · ‎05-10-2018

I wouldn't recommend applyingi again, will be another HP most likely and will not make a difference that you opened the checking account.

Some people have good experiences with BOA and some bad. It all comes down to how you manage your accounts.

You could try Dico.

Anonymous · ‎05-10-2018

I have one with a $7000 CL currently just trying to get in with BOA because of their generous CLI. My Amex BCE card I applied for recently gave me a $10,000 SL. My Utilization among all of my cards is currently 2% but was 48% when I apped may have scared them off. I suppose at this point wait 6 months for for inquires to fall off and new accounts to age and try again.

Anonymous · ‎05-10-2018

@Anonymous wrote:
I have one with a $7000 CL currently just trying to get in with BOA because of their generous CLI. My Amex BCE card I applied for recently gave me a $10,000 SL. My Utilization among all of my cards is currently 2% but was 48% when I apped may have scared them off. I suppose at this point wait 6 months for for inquires to fall off and new accounts to age and try again.

Yes