APPROVED!
Decided to Apply for this via my Bank of America Banker a few days ago to pay my taxes via credit card. It seemed like a smart thing to do since merchant processing fees online are 1.87% and rewards are 2.62% with preferred rewards at BofA (75% rewards bonus), luckily I was approved! The limit is under the total tax payment but I think it should be able to pay the card off a few times mid-month before it posts to my credit. Has anyone encountered problems doing that? When I did that on my American Express it gave me a financial review which took a ton of time but ultimately they didn't change anything about my account with them. Also, I was able to nab a unicorn signup bonus see below!
Also, she expedited the card so I received an email via UPS MyChoice that I have a package incoming later today or tomorrow. SO she must have added one-day shipping which is a huge plus. I guess I can reverse my tax extension now lol.
For those interested, it looks like they pulled trans union, which is my worst score at 657 which recently fell due to my mortgage being reported. The representative I work with stressed that this is just a starting limit and that she would be able to review the account after I made the tax payments and successfully paid them off for a credit limit increase. Which is the first time I've heard someone have that much power over the credit line situation. I just recently became a wealth management banking client of Bank of America but have been a credit card and student checking account owner since my junior year of high school in about 2017.
Let me know if anyone wants more stats or has questions. Best!
Sweet SL, grats on your new PR BoA card!!!!!
Congratulations on your BofA Premium Rewards approval! This is a goal card of mine and I hope to have it in a few years when I am out of college and my career takes off. 
@CreditAggie wrote:Congratulations on your BofA Premium Rewards approval! This is a goal card of mine and I hope to have it in a few years when I am out of college and my career takes off.
I wish you good luck in achieving your goal!
Absolutely massive approval there, congrats!
Also sure they're really working with you and trying to keep you happy if you're paying just taxes in amounts higher than $55k, sounds crazy to me.
Did they take away anything from your Cash Rewards card? I believe I've read around here before that BoA has a cap at $99.9k, but it looks like you've broken that and are around $105k right now.
Also sure they're really working with you and trying to keep you happy if you're paying just taxes in amounts higher than $55k, sounds crazy to me.
Did they take away anything from your Cash Rewards card? I believe I've read around here before that BoA has a cap at $99.9k, but it looks like you've broken that and are around $105k right now.
as of 1/1/23
@ccquest wrote:
Absolutely massive approval there, congrats!
Also sure they're really working with you and trying to keep you happy if you're paying just taxes in amounts higher than $55k, sounds crazy to me.
Did they take away anything from your Cash Rewards card? I believe I've read around here before that BoA has a cap at $99.9k, but it looks like you've broken that and are around $105k right now.
Fortunately they didn't take anything away. Had to check to make sure, so looks like the hard limit isn't a limit but a guideline.
@californiaboy935 wrote:
@ccquest wrote:
Absolutely massive approval there, congrats!
Also sure they're really working with you and trying to keep you happy if you're paying just taxes in amounts higher than $55k, sounds crazy to me.
Did they take away anything from your Cash Rewards card? I believe I've read around here before that BoA has a cap at $99.9k, but it looks like you've broken that and are around $105k right now.Fortunately they didn't take anything away. Had to check to make sure, so looks like the hard limit isn't a limit but a guideline.
There are a few other community members here that have greater than $99.9K total exposure with BofA. While not common, it is possible.