BoA mailer and u/w

[Caught750]

Question, got a BoA pre approval mailer with firm APR today. It's for Americard but I'm more interested in some of the other cards, is u/w the same across most of the cards or is it different? Basically will the pre-approval for Americard likely transfer over to Cash or Travel Rewards? Also, is there a reason I should take the Americard?

[FinStar]

IME, and based on what I've read, most of the BoA CC products have fairly similar UW standards with the exception of the Premium Rewards and/or Virgin Atlantic products, for instance.

That being said, evaluate whether the product mailer you received fits your needs. Plus, just because your profile may have met their pre-screening requirements, it doesn't mean that you have to bite just to get a "foot in the door".

The pre-approval is not "portable" per se for other products, but it's fairly certain you could qualify just as well provided nothing negative or major has occurred since the last time they SP'd your CRs.

[Caught750]

Thanks for the response. I kind of figured that they were similar, as you stated, with certain exceptions. Americard doesn't necessarily do anything for me and I just added a few new accounts that haven't reported yet. I was more curious and don't necessarily plan to pull the trigger on anything with them yet. BoA is my main bank and I would like a card with them for that reason. It's nice to be wanted by a lender that you want as well but I'm not rushing. Cash Rewards or Travel Rewards will be the go to when I do app with them. Thanks again!

[FinStar]

Anytime. I'm fairly sure you can score either the Travel or Cash Rewards without any issues down the road.

Additionally, you can check periodically online under the "offers" tile for any targeted pre-approved CCs that may interest you.

[Caught750]

How would I know if it was targeted with them? I've checked every so often and even with the mailer nothing special stuck out with any of the cards online. Their online pre approvals/offers section is definitely weak compared to other lenders.