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Snagged the BOA Premium Rewards!

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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
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Valued Contributor

Re: Snagged the BOA Premium Rewards!

Congratulations on your approval!

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 12 of 23
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Moderator

Re: Snagged the BOA Premium Rewards!

Great grab and welcome to MyFico Smiley Happy
Message 13 of 23
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Re: Snagged the BOA Premium Rewards!


@James_A wrote:

@streetcred-it 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
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Valued Contributor

Re: Snagged the BOA Premium Rewards!

Congrats!




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Message 15 of 23
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Valued Contributor

Re: Snagged the BOA Premium Rewards!

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


Message 16 of 23
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Established Contributor

Re: Snagged the BOA Premium Rewards!

Congratulations and thanks for the fantastic DPs.

Message 17 of 23
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Valued 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



Updated 10/08/2020
Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 27+ years;
AAoA = 8+ years; AoYA = less than 1 year (Aug 2020)
Total Open Credit Lines Over $538K. Utilization Less Than 1%.
Inquiries until Nov 2020 (TU:3 -- EQ:4 -- EX:9)
New Accounts: 3/6 months; 8/12 months; 12/24 months (as of 10/15/20)
*Hover cursor over each card to see name & CL, or press & hold on mobile app.
Message 18 of 23
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Valued Contributor

Re: Snagged the BOA Premium Rewards!

Congrats on the approval!

Message 19 of 23
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Senior Contributor

Re: Snagged the BOA Premium Rewards!

Congratulations on your approval!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

Message 20 of 23
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