BOA question

[Anonymous]

Does BOA have a prequalification section? Also which report do they normally pull and what does yours scores have to be like? I want to apply for the cash rewards card. 

[FinStar]

They do, but it's not acurate.  Hit or miss at best since it appears it's just going to offer recommendations.  If you are a current BOA customer, then that option is more viable to provide you with a preapproved offer which would list an actual APR (vs a range) that you could potentially qualify for.  They can pull EX or TU (sometimes both if borderline).

[Anonymous]

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@Anonymous wrote:

Does BOA have a prequalification section? Also which report do they normally pull and what does yours scores have to be like? I want to apply for the cash rewards card. 

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Yes, BOA has a pre-equal section and are not reliable.  To get enough  data as to what scores people were approved at, google the credit pull database and it will give you a general idea of what their profiles look like...

[Anonymous]

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@FinStar wrote:

They do, but it's not acurate.  Hit or miss at best since it appears it's just going to offer recommendations.  If you are a current BOA customer, then that option is more viable to provide you with a preapproved offer which would list an actual APR (vs a range) that you could potentially qualify for.  They can pull EX or TU (sometimes both if borderline).

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Thanks. I just tried it and it said it recommended the cash rewards card "0% Introductory APR on purchases and qualifying balance transfers for 12 billing cycles; after that 12.99-22.99% variable APR".

[Anonymous]

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@Anonymous wrote:

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@FinStar wrote:

They do, but it's not acurate.  Hit or miss at best since it appears it's just going to offer recommendations.  If you are a current BOA customer, then that option is more viable to provide you with a preapproved offer which would list an actual APR (vs a range) that you could potentially qualify for.  They can pull EX or TU (sometimes both if borderline).

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Thanks. I just tried it and it said it recommended the cash rewards card "0% Introductory APR on purchases and qualifying balance transfers for 12 billing cycles; after that 12.99-22.99% variable APR".

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Thats is useless pre-equal when the word used is "recommend".  I'd be wary of such and move on.  If you really want it, get your score up a bit that way you are safe and sound when you apply.

[joedtx]

If you get a mail in offer that has a 'specific' APR then those are valid.

[Anonymous]

its a hit or miss like mentioned above. 

[Santi78342]

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@Anonymous wrote:

Does BOA have a prequalification section? Also which report do they normally pull and what does yours scores have to be like? I want to apply for the cash rewards card. 

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If those scores in your signature are accurate, I would advise against apping until your scores are higher. I was approved for the Cash Rewards card with a 682 EX FICO. But good luck if you decide to pull the trigger!