BoA credit card question....

Anonymous · ‎10-29-2016

Greetings,

I have a BoA credit card in my sock drawer, and have only used it a few times. It has a yearly fee, and the credit limit is no where close to my other cards. I am seriously thinking about closing out this account, there is a but though....

BUT, BoA will only consider a CLI if they do a hard pull of my credit. In itself that is not so bad, but I no longer want to pay a yearly fee to have this card. So, this leads to my question... does BoA graduate you to a new card AND allow the time you've had this current card to be rolled into the new card?

And as a side note, this is not a secured BoA card.

Thanks in advance..

ScoreOrBeScored · ‎10-29-2016

Hello , I would consider leaving it open. Simply call the number on the back of your card and ask them to convert or add cash rewards to the card

and you'd like to have the AF removed. And while you have them on the phone, ask for a APR reduction.

yes CLI are always a HP unless you get a offer thru email or your online account that it can be done via SP.

what is the limit on the card ?

Anonymous · ‎10-29-2016

@ScoreOrBeScored wrote:
Hello , I would consider leaving it open. Simply call the number on the back of your card and ask them to convert or add cash rewards to the card

and you'd like to have the AF removed. And while you have them on the phone, ask for a APR reduction.

yes CLI are always a HP unless you get a offer thru email or your online account that it can be done via SP.

what is the limit on the card ?

Thanks for your reply ScoreOrBeScored,

I can call them and ask them to convert. This card has an annual fee of $39.00, and a limit of $500, with a $200 cash limit withdrawal. This was a card that I got when I was in a very bad situation creditwise- and of course I put myself in that situation by not being responsible with credit cards at the time.

Of course my situation is a LOT better since then, and I have no intentions of going back to that. Unlike earning an "A" in school which is easy, it's keeping that "A" which is a lot harder. In the credit world it is hard to get to an "A" credit rating, but it is easy to keep it there if you follow basic rules with your finances- of course without being faced with a life changing/altering event for the worse.