Bank of America - BankAmericard Denial

[fittiger]

Straight denial by BoA for the BankAmericard today.

No previous relationship.

No negatives

Income:  >$100k

Inq:  Experian HP (2 previous inquiries)

FICO Score: 804  (EQ - 805 & TU - 792)

UTI: 22% 

AAoA: 8yr 7mo

AoOA: 24yr 6mo

New Credit:  most recently opened was 1 yr 10mo (auto loan); my most recent CC was 9/2018).

[FinStar]

Once you receive the letter, feel free to share the reason(s) why the application was denied.

[fittiger]

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@FinStar wrote:

Once you receive the letter, feel free to share the reason(s) why the application was denied.

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Will do.

Off topic, I love the pole-dancing bunny

[FinStar]

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@fittiger wrote:

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@FinStar wrote:

Once you receive the letter, feel free to share the reason(s) why the application was denied.

---

Will do.

Off topic, I love the pole-dancing bunny

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Since your DPs seems fairly solid based on what you shared upthread, I'm definitely curious about the reason(s) they cited. I'm assuming no recent address changes or major changes in your CR profile? Also, no prior negative history with BoA or any of its predecessors, right?

Oh and that's a self-rotating pole...bunny is merely engaged in angular momentum due to motion of the pole 😀  well, that's what I was told 😬

[1GaDawg85]

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@fittiger wrote:

Straight denial by BoA for the BankAmericard today.

No previous relationship.

No negatives

Income:  >$100k

Inq:  Experian HP (2 previous inquiries)

Score: 804  (EQ & TU range 805 & 792)

UTI: 22% 

AAoA: 8yr 7mo

AoOA: 24yr 6mo

New Credit:  most recently opened was 1 yr 10mo (auto loan); my most recent CC was 9/2018).

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that is an odd denial from BOA. I would call them to recon once the letter comes!

[fittiger]

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@1GaDawg85 wrote:

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@fittiger wrote:

Straight denial by BoA for the BankAmericard today.

No previous relationship.

No negatives

Income:  >$100k

Inq:  Experian HP (2 previous inquiries)

Score: 804  (EQ & TU range 805 & 792)

UTI: 22% 

AAoA: 8yr 7mo

AoOA: 24yr 6mo

New Credit:  most recently opened was 1 yr 10mo (auto loan); my most recent CC was 9/2018).

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that is an odd denial from BOA. I would call them to recon once the letter comes!

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I did get an email confirmation request after the denial, which I thought was weird.  Maybe it was over fraud concerns?

But if I have to recon I would not expect to be granted a decent limit or apr so I'm not sure it's worth it; I'll just look at another lender. 

[FinStar]

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@fittiger wrote:

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@1GaDawg85 wrote:

---

@fittiger wrote:

Straight denial by BoA for the BankAmericard today.

No previous relationship.

No negatives

Income:  >$100k

Inq:  Experian HP (2 previous inquiries)

Score: 804  (EQ & TU range 805 & 792)

UTI: 22% 

AAoA: 8yr 7mo

AoOA: 24yr 6mo

New Credit:  most recently opened was 1 yr 10mo (auto loan); my most recent CC was 9/2018).

---

that is an odd denial from BOA. I would call them to recon once the letter comes!

---

I did get an email confirmation request after the denial, which I thought was weird.  Maybe it was over fraud concerns?

But if I have to recon I would not expect to be granted a decent limit or apr so I'm not sure it's worth it; I'll just dubs another lender. 

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Do you have a fraud alert, frozen reports?

[fittiger]

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@FinStar wrote:

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@fittiger wrote:

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@1GaDawg85 wrote:

---

@fittiger wrote:

Straight denial by BoA for the BankAmericard today.

No previous relationship.

No negatives

Income:  >$100k

Inq:  Experian HP (2 previous inquiries)

Score: 804  (EQ & TU range 805 & 792)

UTI: 22% 

AAoA: 8yr 7mo

AoOA: 24yr 6mo

New Credit:  most recently opened was 1 yr 10mo (auto loan); my most recent CC was 9/2018).

---

that is an odd denial from BOA. I would call them to recon once the letter comes!

---

I did get an email confirmation request after the denial, which I thought was weird.  Maybe it was over fraud concerns?

But if I have to recon I would not expect to be granted a decent limit or apr so I'm not sure it's worth it; I'll just dubs another lender. 

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Do you have a fraud alert, frozen reports?

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I do not have a fraud alert as of last week and my reports were unfrozen through next week. I got an alert for the hard pull so I'm assuming they were able to access my report without any trouble. 

[Remedios]

You said your utilization was 22%, so 22% of what?

The only reason I'm asking is BoA uses not just percentages but also raw dollar amount (it's not unique to them, but they and chase do pay more attention to raw dollar amounts than most other lenders) 

If your TCL happened to be $30K, 22% is not the end of the world.

If it's $100K/$200K$300K, 22% is a big chunk of money

Of course your denial could be totally unrelated to utilization but I'd describe BoA as *Voted least likely to give high(ish) limit with high utilization* 

Perhaps you should check WF, Reflect I think. Lengthy 0% promo/BT, you don't have recent apps so it might work. They have prequal page now. 

[fittiger]

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@FinStar wrote:

---

@fittiger wrote:

---

@FinStar wrote:

Once you receive the letter, feel free to share the reason(s) why the application was denied.

---

Will do.

Off topic, I love the pole-dancing bunny

---

Since your DPs seems fairly solid based on what you shared upthread, I'm definitely curious about the reason(s) they cited. I'm assuming no recent address changes or major changes in your CR profile? Also, no prior negative history with BoA or any of its predecessors, right?

Oh and that's a self-rotating pole...bunny is merely engaged in angular momentum due to motion of the pole 😀  well, that's what I was told 😬

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I missed this earlier.  

Only significant changes to my profile included paying off some CC balances.  No prior history with BoA and my the only negative to my credit history were late payments to capital one; but that fell off 10 years ago.