BoA Platinum denied due to COVID-19 plan

[CreditInspired]

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@coldfusion wrote:

It should be no surprise that, having told voluntarily told BoA that you are or are expecting to have difficulty in meeting your current financial obligations by choosing to enrol in a COVID-19 deferrment plan, that they would refuse to increase their exposure.   

This isn't just a BoA thing.   

Sorry this happened to you but this is another reminder to members to beware the laws of unintended consequences.   If you don't need relief don't ask for it. 

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^^^ this times 100

[TSlop]

Sorry to hear about your denial.

I don't know if BoA does this, but I just applied for a Chase card today, and at the bottom was a disclaimer, "if you accept this offer it may disqualify you for other offers so make sure to choose the offer you most want first." I don't know if they'll display this message on all of their product applications, but I feel like this would apply for anything. We all should remember that whenever we do anything involving credit, a new credit pull will bring up past information in the new decision making.

[KLEXH25]

Sorry to hear the deferment backfired. There's been quite a few reports of this here lately.

[Anonymous]

Sorry to hear about the denial OP.  Thank you for sharing as it's a lesson learned for you and also a helpful reminder for others. Another MF thread mentions now is a good time to garden since lenders are doing HP for cli and seem to be using stricter underwriting standards. I think with all of the questionable denial reasons I've seen other members post, being enrolled in a Covid assistance plan seems to be reasonable enough.