BankAmericard application under review with BOA

[Superduper2014]

Girl friend's application for zero fee bal transfer Americard under review.

This was yesterday and today after checking the online status it remains the same. 

Any sense for how long these reviews are taking with BOA? Should we call to expedite the process?

We requested a balance transfer in the application, but she needs to know if this will be approved asap so that she can request a bal tr offer from her existing cap one if BOA won't approve her.

Deadline to pay off her balance is August 6th, so just 2 weeks away!

Suggestions appreciated! Thanks

Your application is in review.

"Thanks for choosing Bank of America. We're carefully reviewing your application and need to check a few more things. We appreciate your patience.

You can check back at any time to see if there has been an update on the decision. We'll also send you a letter in the mail after we've completed processing your application. If we have any questions, we'll call you.

We were unable to provide an instant decision on your application, so it’s under additional review by one of our credit analysts. A credit decision is typically made in 10-15 business days. Your application status is updated on a daily basis."

[FinStar]

Pending applications can take up to 10 business days (or longer) depending on the UW review.

Generally, not much that can be done to expedite the process unless it's something that may require verification or other information. Your girlfriend can try reaching out to UW and see whether anything else is needed. Otherwise, it just goes through its motions.

[Superduper2014]

I understand. 

Does this mean that they have not pulled credit yet?

I will have her call, but if they say she has to wait, could we cancel the application or we should give it some time to play out? 

This was the 3rd back up plan and it seems like it may not even work if they happen to make her wait and then not approve. 

Capital one offers to do a bal transfer, but how long would it take cap one to pay off another lender if you request the balance transfer online? We could wait on BOA until whatever time it takes Cap one in average to pay off another card. 

thanks

[kdm31091]

---

@Superduper2014 wrote:

I understand. 

Does this mean that they have not pulled credit yet?

I will have her call, but if they say she has to wait, could we cancel the application or we should give it some time to play out? 

This was the 3rd back up plan and it seems like it may not even work if they happen to make her wait and then not approve. 

Capital one offers to do a bal transfer, but how long would it take cap one to pay off another lender if you request the balance transfer online? We could wait on BOA until whatever time it takes Cap one in average to pay off another card. 

thanks

---

The credit pull happens automatically as soon as you submit the application. A human is going to review your application (hence the wait for review) but the credit pull is an automatic thing and happens instantly. There's no way to cancel the application once it is submitted. It has to finish the process whether approved or denied. Even if you could "cancel" it and have it not reviewed, there is no point since the hard pull will remain regardless.

It's not necessarily a bad sign. The application is just in a manual review which can take a week or so in business days. You can call but I always think pushing for a decision rarely works in your favor. If there is no verification or anything needed I would just let it take its course and you'll have the decision soon.

[ficomember]

I’d call them. This happened to my BoA Alaska business card. Called them the agent just had to verify me by asking security questions. Then she transferred me back to reconsideration line and was told it all looked good and expected to receive my card. They probably just need to transfer you to fraud or security department to verify you. This can speed up process instead of waiting around in my opinion. Good luck!

[CreditInspired]

---

@Superduper2014 wrote:

Girl friend's application for zero fee bal transfer Americard under review.

This was yesterday and today after checking the online status it remains the same. 

Any sense for how long these reviews are taking with BOA? Should we call to expedite the process?

We requested a balance transfer in the application, but she needs to know if this will be approved asap so that she can request a bal tr offer from her existing cap one if BOA won't approve her.

Deadline to pay off her balance is August 6th, so just 2 weeks away!

Suggestions appreciated! Thanks

Your application is in review.

"Thanks for choosing Bank of America. We're carefully reviewing your application and need to check a few more things. We appreciate your patience.

You can check back at any time to see if there has been an update on the decision. We'll also send you a letter in the mail after we've completed processing your application. If we have any questions, we'll call you.

We were unable to provide an instant decision on your application, so it’s under additional review by one of our credit analysts. A credit decision is typically made in 10-15 business days. Your application status is updated on a daily basis."

---

Go ahead and call. You have nothing to lose. Also, even if GF is approved, please know that the BT itself can take up to 2 weeks.

[Superduper2014]

---

@ficomember wrote:
I’d call them. This happened to my BoA Alaska business card. Called them the agent just had to verify me by asking security questions. Then she transferred me back to reconsideration line and was told it all looked good and expected to receive my card. They probably just need to transfer you to fraud or security department to verify you. This can speed up process instead of waiting around in my opinion. Good luck!

---

Yes, thanks for sharing. Will do. 

Is there a particular phone number she needs to call to have better chances?

Should we wait until monday?

[Anonymous]

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066

BofA:  866-618-4585 (Sr Credit Analyst) ~corymcdd88

This should be a one stop shop from verifcation to approval as well.

[Superduper2014]

---

@Anonymous wrote:

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Backdoor-Numbers/td-p/408066

BofA:  866-618-4585 (Sr Credit Analyst) ~corymcdd88

This should be a one stop shop from verifcation to approval as well.

---

Ha! I was just replying to your email. 

Thanks for the info on this topic! Appreciate it

[Anonymous]

It's the exact same way with US Bank. Everything with them is manually reviewed. Even CLI's. I've had their Plat card with a $300 limit for five years and bank with them too. I asked in the branch one day why I dont get CLI's and they said I need to request one and handed me a very long form to fill out to request it.