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Snagged the BOA Premium Rewards!

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Anonymous
Not applicable

Re: Snagged the BOA Premium Rewards!

Thanks everyone!! I’ve learned so much reading the forums on my relatively short journey so far. 

 

So, my advice for getting this card, based on my experience:

1. Establish a relationship with BOA:

-open a checking acct, keep it open for 1 or 2 years

-get one of their other cards first, like CR or TR. Use it for 1 year (thick file) or 2 years (thin file like mine). Build up your limits over time with SP CLIs.

2. Be a preferred rewards client. Have min 20k in assets there. Get to platinum honors for best results. Helps to open a Merril Edge investment  account to keep larger assets.

3. Be patient. I knew 2 years ago that I wanted PR, but knew I would be shot down since I basically had no credit history and my relationship with BOA wasn’t strong compared to now. Wait for your account to list PR in “special offers & deals”.  Don’t want to call it a pre-approval, but it’s pretty close I believe. 

 

Hope this helps!

Message 11 of 23
Anonymous
Not applicable

Re: Snagged the BOA Premium Rewards!

Congratulations on your approval!

Message 12 of 23
gdale6
Moderator Emeritus

Re: Snagged the BOA Premium Rewards!

Great grab and welcome to MyFico Smiley Happy
Message 13 of 23
Anonymous
Not applicable

Re: Snagged the BOA Premium Rewards!


@Anonymous wrote:

@Anonymous wrote:

... Here are my stats in case this helps anyone ...


Wow. Great stats. Great approval. Smiley Happy Now go nab a SP CLI to 99,900 on your Cash rewards. Smiley Wink


U betcha!! Waiting a month to let dust settle. Will ask for double to get to 50k. Wish me luck!

Message 14 of 23
MyFault
Valued Contributor

Re: Snagged the BOA Premium Rewards!

Congrats!








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Message 15 of 23
Cred4All
Valued Contributor

Re: Snagged the BOA Premium Rewards!

Awesome approval, congrats on the approval and thanks for the data points.


Message 16 of 23
CreditobsessedinFL
Established Contributor

Re: Snagged the BOA Premium Rewards!

Congratulations and thanks for the fantastic DPs.

Message 17 of 23
Aim_High
Super Contributor

Re: Snagged the BOA Premium Rewards!

Congrats on your approval of a great card! Smiley Very Happy 

 

That one is in my sights as well.  I'm over 20-year BofA customer.  I've been building relationship slowly just as you describe before I apply for Premium Rewards to increase my chances.   (Until October, I hadn't had banking accounts with them in many years but my existing credit card is old.)  Your experience reinforces community data points that indicate that it's very much a relationship card.

 

Welcome to My Fico forums!  Smiley Happy


Business Cards


Length of Credit > 40 years; Total Credit Limits >$850K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Aug 2023)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 18 of 23
coreyb80
Super Contributor

Re: Snagged the BOA Premium Rewards!

Congrats on the approval!

Message 19 of 23
19eighty5
Senior Contributor

Re: Snagged the BOA Premium Rewards!

Congratulations on your approval!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Sept 2022):EX- 706, TU- 685, EQ- 684
What's in my wallet:


Message 20 of 23
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