BOA instant denial and letter?

[Larrypatty]

 Got a instant denial after the pre approval thing of course for the cash rewards visa signature. Relieved a letter stating they need SSA-89 form and income verification to process my application? Is this common? 

 736. No derogatory s. 1.7 years AAOA and 3 years oldest account. 15 inquires with 3 in past 12 months. 

[Anonymous]

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@Larrypatty wrote:

 Got a instant denial after the pre approval thing of course for the cash rewards visa signature. Relieved a letter stating they need SSA-89 form and income verification to process my application? Is this common? 

 736. No derogatory s. 1.7 years AAOA and 3 years oldest account. 15 inquires with 3 in past 12 months. 

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You have similar but better DPs as mine so doesn't bode well for my future app for TR, I wanna use Museum on Us

[mrcrisp023]

Same exact thing happened to me last week. Instant denial, got the letter for verification a few days later. I sent it in earlier this week. We will see what happens. I did this app during an app spree where I was approved for 4 cards but denied for a couple as well. My income is likely the only thing k keeping them from outright denying me (250k).

[MarkintheHV]

Bank of America is strange regarding the proof of identity.  I have 5 accounts with them (2 credit cards, checking, savings and brokerage) and they still drag me into the branch to verify my identity sometimes.  Kind of frustrating.

[mrcrisp023]

Did you end up sending the info in?

[phoenix12]

I got denied for a BoA card about a year ago for a similar issue. However, the pre qualification tool for them should be taken with a grain of salt as it's more of a marketing tool than actual pre approval. I would not take a pre qualify from them as seriously  as I would other lenders. 

[OmarGB9]

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@phoenix12 wrote:

I got denied for a BoA card about a year ago for a similar issue. However, the pre qualification tool for them should be taken with a grain of salt as it's more of a marketing tool than actual pre approval. I would not take a pre qualify from them as seriously  as I would other lenders. 

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Indeed, it's 100% marketing. 

[Janneman]

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@Larrypatty wrote:

 Got a instant denial after the pre approval thing of course for the cash rewards visa signature. Relieved a letter stating they need SSA-89 form and income verification to process my application? Is this common? 

 736. No derogatory s. 1.7 years AAOA and 3 years oldest account. 15 inquires with 3 in past 12 months. 

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A few months ago exactly same thing happened to me...instant denial despite of having saving a/c, checking account, Merrill Edge account with substantial fund...and a personal credit card for 3 years and a business card as well....they instantly denied me but surprisingly sent a letter to request tons of documents POI related than a denial letter...And even though I sent out those documents, yet still they denied my application by citing only one reason- Current Economic trend of the country/Recession. Yes, they did cite exactly like this and only this reasoning. Same reasoning to 2 of my friends.... So, I would say that this is not the right time to ask any kind of credit from BOA ...

[mrcrisp023]

I'm still awaiting my results. 

[Anonymous]

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@Janneman wrote:

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@Larrypatty wrote:

 Got a instant denial after the pre approval thing of course for the cash rewards visa signature. Relieved a letter stating they need SSA-89 form and income verification to process my application? Is this common? 

 736. No derogatory s. 1.7 years AAOA and 3 years oldest account. 15 inquires with 3 in past 12 months. 

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A few months ago exactly same thing happened to me...instant denial despite of having saving a/c, checking account, Merrill Edge account with substantial fund...and a personal credit card for 3 years and a business card as well....they instantly denied me but surprisingly sent a letter to request tons of documents POI related than a denial letter...And even though I sent out those documents, yet still they denied my application by citing only one reason- Current Economic trend of the country/Recession. Yes, they did cite exactly like this and only this reasoning. Same reasoning to 2 of my friends.... So, I would say that this is not the right time to ask any kind of credit from BOA ...

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Jesus. Thx for this, I was tempted by TR and Spirit but I guess not gonna app any time soon..