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BoA Cash Rewards / Premium Rewards Approvals!

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Established Member

BoA Cash Rewards / Premium Rewards Approvals!

After hanging out in the garden for more than a year, finally decided to go after my first "big boy" card in the Bank of America Premium Rewards.

Walked into a branch and applied for both the Cash Rewards (did this one first) and then the Premium Rewards card. Decided to do in-branch because apparently even if I apply for 2 cards, it would be only 1 inquiry on my report.

Was approved instantly for both. 20k on the Cash Rewards, only 8k on the Premium Rewards (going to ask to have that adjusted). I'm hyped because BoA sent me a letter saying that I could have my Preferred Rewards status expidited, and they ended up putting me all the way to the highest tier! I purposely waited until the enrollment went through before applying.

 

Data Points:

 

Experian Credit Score - 705
Income - $100k+

Credit Utilization Rate - 0% (left maybe $20 on 1 card to keep my score boosted *AZEO*)
Inquiries (last 12 months) - 1
Number of New Credit Lines (last 12 months) - 0
Average Age of Accounts - 7yr 8m

Preferred Rewards: Platinum Honors

Previous Cards: Discover IT (5.6k), Cap1 Quicksilver (1.8k)

Existing Relationship? Yes. Checking account since 2012. I actually had a Cash Rewards card up until a rough 2017 where they closed it due to non payment. I asked the representative and they say that the old card should not play a role in the decision.

 

Hope this helps someone out there looking at the Premium Rewards!

13 REPLIES 13
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Valued Contributor

Re: BoA Cash Rewards / Premium Rewards Approvals!

Congrats on your approvals!!
Message 2 of 14
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Community Leader
Super Contributor

Re: BoA Cash Rewards / Premium Rewards Approvals!

Congrats on your new cards

Message 3 of 14
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Established Contributor

Re: BoA Cash Rewards / Premium Rewards Approvals!

Congrats 🎉 @TheCity on your progress. Kudos for being able to wait and go after the card you wanted.

+1

CARDS: Discover It | QuickSilver One | Open Sky | Kohl’s | BB&T Spectrum Cash Rewards | BB&T Bright | NFCU CashRewards | NFCU More Rewards | AMEX BCE | OverStock
Starting Scores 05/2019: EQ:519, EX:525, TU:574
Message 4 of 14
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Moderator

Re: BoA Cash Rewards / Premium Rewards Approvals!

Well well, excellent approvals, grats Smiley Happy
Message 5 of 14
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Established Member

Re: BoA Cash Rewards / Premium Rewards Approvals!

Congratulations on both cards 🎉🎉
Message 6 of 14
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Moderator

Re: BoA Cash Rewards / Premium Rewards Approvals!

Congrats my unicorn card being the elusive PR... sounds like banking relationship/platinum rewards played a big role in your approval.

Message 7 of 14
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Valued Contributor

Re: BoA Cash Rewards / Premium Rewards Approvals!

Congratulations on your approvals!!!







Message 8 of 14
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Valued Contributor

Re: BoA Cash Rewards / Premium Rewards Approvals!

Congratulations on both of your approvals and great starting limits!
July 2020
Experian Fico 8. 707
Transunion Fico 8. 705
Equifax Fico 8. 724

Capital one QS1. $2450
Discover IT Cashback. $12,000
PNC cash rewards signature Visa. $17,500
Chase SW rapid rewards signature visa $6900
Amex Green Card NPSL POT $11,000

Amex Hilton Honors $1000
Citi Rewards $3900
Message 9 of 14
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Epic Contributor

Re: BoA Cash Rewards / Premium Rewards Approvals!

 

Congrats!!!

 

Message 10 of 14
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