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BoA prequal

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New Contributor

BoA prequal

I'm doing my monthly prequals to see if I can get one of the better cards while I rebuild. It's still a no from Citi, Disco and CapOne but the BoA prequal site is giving me a recommendation for the Cash Rewards card. Does this mean I prequal and should give it a try or is it just their standard when you do the prequal? I would rather not waste the HP if it's just their marketing.

BK7 discharged 9/20/19 (lesson learned, some people aren't meant to be business owners and should stick to their day job, some people is me)




Capital Bank Secured: $1000 (7/1/19-12/18/19)
Credit One Platinum: $500 (10/8/19) CLIs $700 (1/16/20)
Ollo Platinum: $1500 (12/8/19) CLIs $1600 (1/16/20)
Merrick Platinum: $1100 (3/8/20) CLIs $2200 (10/6/20)
Mercury: $1500 (3/5/20)
NFCU nRewards Secured: $1500 (5/21/20) CLIs $3000 (6/19/20) $5000 (8/27/20)
In the garden until I prequal for one of the big three
Message 1 of 11
10 REPLIES 10
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Frequent Contributor

Re: BoA prequal

My experience and from what I have read here in other threads, it’s just their standard pre-qual/marketing.  They state a good until or expiration date on the pre-qual which is a total fake out. 🤪 I apped and was declined. 🙈

Scores as of 05/2020
EX FICO - no score young
TU FICO - no score young
EQ FICO 09 - 755 aged ish

Scores as of 09/2020
FICO 9
EQ 793
EX 701
TU ???

FICO 8
EQ 767
EX 708
TU 712


Message 2 of 11
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Valued Contributor

Re: BoA prequal

If it says recommendation, then I think that's all it is.

 

All my official prequal offers have had set APRs listed. BoA never has.

Message 3 of 11
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New Contributor

Re: BoA prequal

 Thanks. This is a screenshot of what it said. I guess I won't waste the HP.

5746AD17-A1DD-4FEB-AE1C-8A7F10B3338E.jpeg

BK7 discharged 9/20/19 (lesson learned, some people aren't meant to be business owners and should stick to their day job, some people is me)




Capital Bank Secured: $1000 (7/1/19-12/18/19)
Credit One Platinum: $500 (10/8/19) CLIs $700 (1/16/20)
Ollo Platinum: $1500 (12/8/19) CLIs $1600 (1/16/20)
Merrick Platinum: $1100 (3/8/20) CLIs $2200 (10/6/20)
Mercury: $1500 (3/5/20)
NFCU nRewards Secured: $1500 (5/21/20) CLIs $3000 (6/19/20) $5000 (8/27/20)
In the garden until I prequal for one of the big three
Message 4 of 11
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Epic Contributor

Re: BoA prequal


@NeverTubetheGoose wrote:

I'm doing my monthly prequals to see if I can get one of the better cards while I rebuild. It's still a no from Citi, Disco and CapOne but the BoA prequal site is giving me a recommendation for the Cash Rewards card. Does this mean I prequal and should give it a try or is it just their standard when you do the prequal? I would rather not waste the HP if it's just their marketing.


@NeverTubetheGoose,

BoA Pre-qual is not solid. Unless you are 100% sure you would qualify?

 

You might read about mid page on BoA;

https://ficoforums.myfico.com/t5/General-Credit-Topics/List-of-Soft-pull-PREAPPROVAL-Links-Updated-5...

 

Message 5 of 11
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Community Leader
Super Contributor

Re: BoA prequal

BoA prequals are made through their online Activity Center as a Special Deal.   Anything else is just a variation of an offer to apply even if it was extended with an offer code.



(10/2020)
FICO 8 (EX) 810 (TU) 805 (EQ) 794
FICO 9 (EX) 835 (TU) 822 (EQ) 828

$1M+ club

Artist formerly known as ColdFusion
Message 6 of 11
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Frequent Contributor

Re: BoA prequal


@NeverTubetheGoose wrote:

 Thanks. This is a screenshot of what it said. I guess I won't waste the HP.

 


That is marketing. Their prequal never does a SP to you.

 

A sad part of that card, it used to be World Mastercard and they suddenly changed it to visa. Smiley Sad

MSGCU Rewards | $5k | 10/2/2020 | 9.25% APRDiscover Student Cash It | $4,550 | 1/4/2019 | 12.99% APRAmex 1.5% CB | $3.9k | 7/3/2019 | 20.99% APRBest Buy Store Card | $3kChase Student Card | $1.2k | 4/10/2020 | 14.99% APRDiscover Cash It | $1,500 | 10/2/2020 | 20.99% APRCiti DC | $3.5k | 10/14/2020 | 16.99% APRDCU Platinum | $8k | 10/21/2020 | 8.5% APR

Loans
Ford Credit Car Loan 3-year 7/31/2018 ($199.26/month)
$8,000 DCU Personal Loan 5-year 5.99% 10/2/2020 ($155.38/month)

Closed
Michigan Schools & Gov't CU Titanium 1/4/2019 - 10/2/2020

Future Potenital Cards
AOD 3%
Gas Card 4% or 5%
Dining & Enterainment 3%
Amazon 5%
USBank Cash 5%
BOA Cash Rewards (if it ever goes back to Mastercard)
Message 7 of 11
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Community Leader
Super Contributor

Re: BoA prequal


@ZackAttack wrote:

@NeverTubetheGoose wrote:

 Thanks. This is a screenshot of what it said. I guess I won't waste the HP.

 


That is marketing. Their prequal never does a SP to you.

 

A sad part of that card, it used to be World Mastercard and they suddenly changed it to visa. Smiley Sad


It used to be a Visa until they suddenly changed it to a Mastercard in 2018.



(10/2020)
FICO 8 (EX) 810 (TU) 805 (EQ) 794
FICO 9 (EX) 835 (TU) 822 (EQ) 828

$1M+ club

Artist formerly known as ColdFusion
Message 8 of 11
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Valued Contributor

Re: BoA prequal

@NeverTubetheGoose  Marketing! I wouldn't waste a Hard pull. Just my opinion 

Message 9 of 11
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Frequent Contributor

Re: BoA prequal

My experience was weird. I got the pre-qual online years ago, applied then got a letter or email (don't recall) for the secured version for $99 or something like that.  I passsed at the time. I have a pre-select letter now so I'm curious how it turns out for you if you app.

Message 10 of 11
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