Sorry you were declined. From what I have seen on the board, BoA seems to do this fairly often - in terms of offering $500- $1,500 starting limits or a 99/500 partially secured card to people with 730 + FICO's when they are new to BoA. Not sure exactly why, as it's often inconsistent with the person's strong profile from what I have seen.
I am a BoA cardholder, and they recently gave me a very nice CLI, which I really appreciate, but I am not a fan of their customer service nor their recon department. Neither seems very customer-friendly in my opinion, and I've never really gotten the impression they care about helping me as a customer.
BoA is one of the largest banks, and when you are large at times the importance of the customer can get lost in the shuffle.
Certainly, since you took the HP for the card, you may wish to recon, but you may want to wait for the letter so you can have the complete picture.
BoA actually didn't decline you outright from what you have mentioned; they just offered you a low limit card. That's been reported more than once on the board with BoA from people who have 730+ scores and are new to BoA.
Good luck with whatever you decide to do. BoA isn't the only lender out there, and there are other lenders whom I would recommend much more highly (i.e., Chase). 
@Anonymous wrote:Sorry you were declined. From what I have seen on the board, BoA seems to do this fairly often - in terms of offering $500- $1,500 starting limits or a 99/500 partially secured card to people with 730 + FICO's when they are new to BoA. Not sure exactly why, as it's often inconsistent with the person's strong profile from what I have seen.
I am a BoA cardholder, and they recently gave me a very nice CLI, which I appreciate, but I am not a fan of their customer service nor their recon department. Neither seems very customer-friendly in my opinion, and I've never really gotten the impression they care about helping me as a customer.
Certainly, since you took the HP for the card, you can try to recon, but you may want to wait for the letter so you can have the complete picture.
BoA actually didn't decline you outright from what you have mentioned; they just offered you a low limit card. That's been reported more than once on the board with BoA from people who have 730+ scores and are new to BoA.
Good luck with whatever you decide to do. BoA isn't the only lender out there, and there are other lenders whom I would recommend much more highly (i.e., Chase).
Thanks, Hum, I shouldn't have declined the offer so quick but I was so shocked that I was declined then insulted by the counter offer that I closed it out. I barely read it to be honest. I only saw rebuilder card, 20% APR, $500, and $30+ APR. and I was like NOPE!
I have Chase, Citi, Amex, CapOne, Discover so I knocked out every big guy except BOA. They were my last ones. I didn't care about the card I really just wanted the bonus and to be in with the last solid bank as they are good to their customers.
Chase is my all time favorite. They gave me my first $10k limit when I only had a $1500 Disco limit. I'll always love them for that. I think my recent Inqs and accounts in the past 7 months spooked them. It was only 3 but who knows.
Like you said, it is weird that they declined me while they hand out decent SL's to people with less FICO's and more inq.
I will search early in the morning if no one rings in with it prior as will be up in about 5-6 hours before they are open.. I would have to search as well. Hoping someone will chime in with a confirmed number prior thought has it handy and I don't recall which one I used. I can certainly find it and will post when I do a bit of research if someone doesn't beat me to it.
edit: forgot to mention mine was a decline all together initially also not sure why I put 1500 was 1k initial approval after recon and then 7400 limit 3 months later.
@CreditCuriousity wrote:I will search early in the morning if no one rings in with it prior as will be up in about 5-6 hours before they are open
edit: forgot to mention mine was a decline all together initially also not sure why I put 1500 was 1k initial approval after recon and then 7400 limit 3 months later.
Aww thanks, CC! You da man! You've given me hope for a recon. Would you take the secured offer if that's all they offered you? I'm sure you have big limits as well so would you have felt it was a regression or a foot in the door? I felt I didn't even want it to show on my account as a small limit so I clicked decline. I'm not sure it was the best decision. I'm surprised they didn't pull TU or EQ too because I thought they usually did. At least it hasn't hit yet. I'm hoping to contain the damage lol.
@Anonymous wrote:Sorry you were declined. From what I have seen on the board, BoA seems to do this fairly often - in terms of offering $500- $1,500 starting limits or a 99/500 partially secured card to people with 730 + FICO's when they are new to BoA. Not sure exactly why, as it's often inconsistent with the person's strong profile from what I have seen.
I am a BoA cardholder, and they recently gave me a very nice CLI, which I really appreciate, but I am not a fan of their customer service nor their recon department. Neither seems very customer-friendly in my opinion, and I've never really gotten the impression they care about helping me as a customer.
Certainly, since you took the HP for the card, you may wish to recon, but you may want to wait for the letter so you can have the complete picture.
BoA actually didn't decline you outright from what you have mentioned; they just offered you a low limit card. That's been reported more than once on the board with BoA from people who have 730+ scores and are new to BoA.
Good luck with whatever you decide to do. BoA isn't the only lender out there, and there are other lenders whom I would recommend much more highly (i.e., Chase).
+1
