Denied for BOA Cash Rewards but selected for

[devineer1]

I want to apply for the secured card to see what will happen... when I do the pre qualify.... it recommends a card I know I will not be approved for... Just got Cap One QS and Platinum with 500 cl... what are the chances an approval will come with BoA....

[Anonymous]

BofA prequal isn't a good one and i would wait if i were you. they're a little conservative and the likelihood of approval is lower. let your cap1s build

[devineer1]

Thank you will do!!

[Anonymous]

i just don't wanna see you waste an app for nothing.

[ddemari]

Boa secured card is good and the 99/500 deal is even better. The card does graduate, they usually will remove the annual fee for you after it graduates and have them give you a credit limit increase. Adding additional funds to the card requires them to do a hard pull. I wasted a lot of pulls back in the day adding money to it lol. 

Id take the offer. Good in for Bank of America. 

[taxi818]

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@Anonymous wrote:

yes I did , I have currently 2 Chase with $15k , 2 Cap one $10K AE $1K and Barclays $8500 , that is why I just did'nt jump on the offer , but if you feel this is something I should do , I will jump on it , this is the first offer they have sent me for it

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I would accept. Remember they are not really looking at what you have with some one else. Only your relationiship with them. It will grow after about 12 months so i would take it just to be in. Personally ive yet to apply to BOA and don't plan to do so any time soon as i remember their NCNB Days. Yikes!!!

[alexl22]

My BOA 99/500 just unsecured without me doing anything at around the 8 month mark, no cli though so I am wating for my lower utilation to report then I am requesting a cli.

[Anonymous]

Smart move OP! Good card and it will get your foot in the door. Cash Rewards is one of my favorite cards and I use it daily! 

[Anonymous]

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@FinStar wrote:

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@Anonymous wrote:

Selected for secured card , should I accept offer to get foot in door with BOA ?

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IMO, yes, I would accept it if you are considering a BOA lending relationship.  Did you get the partially secured 99/500 offer?

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I totally agree! 

[Anonymous]

My first card with them was secured then eight months later a 1500 increase and unsecured and yearly fee waived because of my good use of the card.