Bank Americard Cash Rewards Approval Odds?

[Anonymous]

Hi everyone, I am interested in applying for the Bank Americard Cash Rewards card and am curious to know opinions on my approval odds.  I currently have two cards from US bank.  The first is Cash + and has been open for 11 months with a SL of 700.  The second is and Cash+ Signature that I opened 6 months ago with a SL of 1,500.  My total SL is 2,200 and AAoA is 8 months.  I have a total of five inquiries made in the past two years, all made in the last twelve months.  My TransUnion score is 711 and Equifax 707.   My utility is around 2% and I dont have any late payments, penalties ect.  My annual income is roughly 40k.   Basically I have two lines that are in great standing but haven't been open for longer than a year.  What do you guys think?  Your contributions are much appreciated.

[Anonymous]

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@Anonymous wrote:

Hi everyone, I am interested in applying for the Bank Americard Cash Rewards card and am curious to know opinions on my approval odds.  I currently have two cards from US bank.  The first is Cash + and has been open for 11 months with a SL of 700.  The second is and Cash+ Signature that I opened 6 months ago with a SL of 1,500.  My total SL is 2,200 and AAoA is 8 months.  I have a total of five inquiries made in the past two years, all made in the last twelve months.  My TransUnion score is 711 and Equifax 707.   My utility is around 2% and I dont have any late payments, penalties ect.  My annual income is roughly 40k.   Basically I have two lines that are in great standing but haven't been open for longer than a year.  What do you guys think?  Your contributions are much appreciated.

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Welcome to MyFICO

Assuming that the scores you listed are FICO scores and not Vantage scores you got from CreditKarma then I think your chances are pretty good.  If you elect to apply, good luck and let us know the results.

[Anonymous]

670-680 are approved for this card so above 700 definitely. I think it's fairly hard to find a card you can't get approved for with a 700+ score.

[Anonymous]

Are those ck scores? Check the credit pulls data base to see what cra they will pull. For me it was experian. You can get that score free now from the discover scorecard site. I was approved for the boa cash rewards card when I had a 623 experian score... $2500 limit. I had a good relationship with boa tho for years. If those are your fico scores, you're probably ok, but if not, i really couldn't tell you.

[Anonymous]

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@Anonymous wrote:
670-680 are approved for this card so above 700 definitely. I think it's fairly hard to find a card you can't get approved for with a 700+ score.

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I doubt that. I'm at 6 months of history with a part-time income. The score matters a lot but it's certainly not the only thing.

[Anonymous]

I never said Score is the only thing that matters. I said it's fairly hard to find a card you can't get approved for with a 700+ score. Yes if you have a 700 score but only a 5k annual income you are unlikely to be approved for a card with a 5k minimum limit obviously but for the most part 700+ Gets you in the door how high of a limit your get depends on your income.

[Anonymous]

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@Anonymous wrote:
I never said Score is the only thing that matters. I said it's fairly hard to find a card you can't get approved for with a 700+ score. Yes if you have a 700 score but only a 5k annual income you are unlikely to be approved for a card with a 5k minimum limit obviously but for the most part 700+ Gets you in the door how high of a limit your get depends on your income.

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So I should go for the CSR, right? 

[Anonymous]

It's up to you people have been approved for it with high 600's low 700's I would say OP being over 700 with 40k income could apply and reasonably be approved barring any 5/24 contradictions.

[JSS3]

I would think BofA would need a little more history.

[Anonymous]

BofA? Lol no. We just applied for our business the same day we opened it and got a 9k SL