BoA Cash Rewards

[Anonymous]

Applied for BoA Cash Rewards, initially got the pending review, so ( thanks to the forums ) i called the backdoor number, had to verify some info and Bam approved for $2500, they pulled experian on me, scores are as follows, EXP: 670, TRANS: 652, EQ: 661, Im still new to forums so dont know how to list everything at bottom, but my file is still kinda new, my average age of account is 5 years, 3 inquiries not including today in last 2 years, Income is $120,000 a year, 1 baddie and its 6 years old, no BK, No Collections, No Lates, i started building credit for first time in 2014, i have 5 open cards besides the new BoA, my Util is 29% i always carry a small balance then PIF after statement cuts, i have 2 auto loans that might be holding me up a bit, they're both at $83,000 as of today, I am Happy to be in with bank of america..........any advice is well appreciated! 

Cap1 Quicksilver- $2500

Cap1 Quicksilver One- $2000

Cap1 Buy Power- $1000

Cap1 Secured- $550   ( My Starter Card )

Discover It Cash Rewards- $1250

BoA Cash Rewards- $2500 ( New Today )

[Remedios]

Congrats on your approval 

[Anonymous]

---

@Anonymous wrote:

my Util is 29% i always carry a small balance then PIF after statement cuts,

i have 2 auto loans that might be holding me up a bit, they're both at $83,000 as of today,

Cap1 Quicksilver- $2500

Cap1 Quicksilver One- $2000

Cap1 Buy Power- $1000

Cap1 Secured- $550   ( My Starter Card )

Discover It Cash Rewards- $1250

BoA Cash Rewards- $2500 ( New Today )

---

Congrats!  BOA can be a friend or foe if you read around here enough.  I gave them a 2nd chance 2 years ago and they've been easy to deal with and grown to be my top CL matching Chase.

You didn't list your balances vs CL but mentioned 29% and that's not the best for improving your odds when you apply for things.  Ideally you wan to be under 10% reporting on 1 card.  

Also, Cap1.... It's good that you're diversifying now before you get too deep into your history.  Those cards probably won't be growing very much unless you're putting some serious spend on them and hoping they're not bucketed.  I would close the Secured one at this point if it's from 2014 as you said it's not going to graduate and use the $500 on something you want instead of giving them a free loan.

I would check Amex out either ED/BCE could be a good starter card with them to diversify things a bit more.  They both grow well as your scores go upwards.

If you haven't been hitting the CLI button Disco you should start hitting it monthly just to collect the higher CL's as they become available.

BOA is a SP like Disco as well but, the link to CLI only shows up every couple of months and if you don't time it to 91 days or longer it'll just deny you until enough time has passed.  Ask for 100K and it will counter back with what they're going to let you have.

Depending on where you live there are some hidden gems that might be available to you as well.

[coldfusion]

Congratulations!  Treat them well and they will return the favor. 

If you look online under Accounts -> Account Details and see a "Request a credit line increase", usually after about 3 months, they deem you eligible to request a CLI.  A CLI request triggers a SP from TU.

[simplynoir]

Congratulations on your new card

[Anonymous]

Congrats on your approval! 😊

[Anonymous]

I live in Texas, and balances are around $110 to $250 at the moment but 3 are in processing of being pif as we speak so that will cut them down to 3 with a zero balance and two with approx. $400 in balances, I’m due to hit the Cli with disco on the 28th, that will be my 91st day

[Heatt99]

Congratulations. I'm always glad to see when others are approved for BOA as I'm trying to see when's best to apply to them. Good DPs. Use the card and it should grow nicely from what I see through others.

[Anonymous]

Congrats on your BoA approval!!

[Anonymous]

Congrats! BOA can be a friend or foe if you read around here enough. I gave them a 2nd chance 2 years ago and they've been easy to deal with and grown to be my top CL matching Chase.

You didn't list your balances vs CL but mentioned 29% and that's not the best for improving your odds when you apply for things. Ideally you wan to be under 10% reporting on 1 card.

Also, Cap1.... It's good that you're diversifying now before you get too deep into your history. Those cards probably won't be growing very much unless you're putting some serious spend on them and hoping they're not bucketed. I would close the Secured one at this point if it's from 2014 as you said it's not going to graduate and use the $500 on something you want instead of giving them a free loan.

I would check Amex out either ED/BCE could be a good starter card with them to diversify things a bit more. They both grow well as your scores go upwards.

If you haven't been hitting the CLI button Disco you should start hitting it monthly just to collect the higher CL's as they become available.
BOA is a SP like Disco as well but, the link to CLI only shows up every couple of months and if you don't time it to 91 days or longer it'll just deny you until enough time has passed. Ask for 100K and it will counter back with what they're going to let you have.

Depending on where you live there are some hidden gems that might be available to you as well.




I checked Amex pre quail and it says I’m pre qualed for the Amex blue card Ed......... I’ve read where pre qualify don’t always mean approved and I’d hate to hit that button to get denied from HP, but BoA surprised me so maybe Amex will too