Bank of America offer?

stagefoursurvivor · ‎04-23-2015

Got this offer for a cash back Visa in the mail and wonder how reliable it is for approval?

Tried 2 & 4 months ago and both times was offered their $99/500 secured version which I ignored. Although I'd like to develop a relationship, I'm really not interested in a sub-$5K SL.

They may be considered a "prime" lender but, they aren't that enticing to me to endure a HP for a toy limit

11/14/14 Total CL $1,100; 6/30/15 Total CL $180K

Anonymous · ‎04-23-2015

They will pull Experian for sure. I recevied a pre-selected offer for this card. I was denied... called to recon... 1K limit. From what I have heard on the forum, this card and lender will grow with you. So I am sticking it out and making it work. Plus you get a hundred bucks for 5 hundred spend in three months. If you have it credited to a BOA savings account, you get an additional 10%.... So far I am happy with them and my decision.

Anonymous · ‎04-23-2015

I recently signed up for membership with them. Does this help slide my way in to a CC one day?

CreditCuriosity · ‎04-23-2015

@Anonymous wrote:
I recently signed up for membership with them. Does this help slide my way in to a CC one day?

Banking and CC's have no correlation.. Was with them 10 years, never once offered me a cc until I closed my account and they asked why and I told them they didn't grow with me as a bank.. Magically I was pre-approved for a CC at that point, but continued to close my account. Hope this answers your quetsion and I think most will agree.. Only CU it might help to have a banking relationship with w/regards to credit products and possibly a bit of chase, but iffy with even that.

stagefoursurvivor · ‎04-23-2015

Any experience with their mail offers?

11/14/14 Total CL $1,100; 6/30/15 Total CL $180K

joedtx · ‎04-23-2015

If it has the a set APR and not a range then it is a legit Preapproval, should be good to go. Also, make sure your score hasn't dropped signifigantly, what happens is when you were SP'd by the creditor you may have been a borderline approval but if you fall below that threshold then of course it takes you out of the running if you score has gone up no worries.

Jpmack29 · ‎04-23-2015

I received their mail offer, and was instantly approved.

B335is · ‎04-23-2015

BoA mailed offers are usually pretty solid. Can't say the same for Discover.

Anonymous · ‎04-23-2015

It can turn into a regular cc over time. Mine did but starting limit was only 1k. I will hit them up for 5 or 10k down the road.