@Anonymous wrote:
Hi guys, just to answer some questions that have been asked:
1) No, I don't really "need" the card, per se. Really, at least half of people on myFICO have more credit than they need for maximizing FICO for utilization purposes. I have to say though, the rewards structure is really appealing. Plus, I've been looking forward to building a banking relationship with BOA.
2) No doubt about it; I have some really nice cards that I probably don't deserve, and I have been EXTREMELY fortunate with the credit I've been extended. No complaints here. It's just that adding the BBR would be nice.
3) I know the lates look really bad, but from what I have heard from both Chase's and Barclays' credit analysts, they do not weigh late student loan payments quite as heavily as other forms of late payments, because there is sometimes confusion on the part of the borrower about deferments/forebearance on their student loans, which frequently leads to a string of consecutive late payments on them. I was hoping that BOA's credit analysts would have the same opinion.
I have decided I am going to recon it one more time, but I'm trying to decide if I should wait until I get the letter in the mail so I can counter directly what it says in the letter.
Well, they already told you their reasoning so not sure how much difference it makes. If you really feel you can argue with short AAOA, the lates, the inquiries and the scores, then just try. I see no real reason to wait for the letter.
As for your first point -- util is overblown as a whole on these forums, and certainly if approved for BBR I doubt you are getting a large enough limit to really help your util anyway. If you got 500 or 1k, that's really going to make no important difference in your overall util.
The bottom line I think is that most people here are simply trying to say that your expectations may be a bit inflated. There's nothing wrong with recon but you may have to accept that this just isn't in the cards (pun intended) right now. I'd recon one more time to "settle things" in your mind but with the situation being as it is, I wouldn't expect much. You never know though. Good luck.
