B of A APR reduction denied

[-Cain-]

Hey everybody, so this morning I called the backdoor Sr Analyst # for BofA to see if i had any lower APR offers out there. The Analyst was quite blunt in saying no, nothing there for you, nothing we can do. I cited my accounts age and history (4yrs, no lates) and she said that's great, but you can avoid paying interest if you pay in full each month. Well, we know that. Anyway, I wasn't ready to close my account just yet, so I didn't go there. Anybody have any tips in getting them to lower their APR? 

[-Cain-]

To add:

this card started off as a $500 fully secured card, was unsecured at 11 months and CL doubled to $1k, where it's been since. Should I app for another card and close this one? Or app and try and use the same pull for CLI? I bank with them and am generally happy with them, just a bit bummed this card won't grow on its own.

[newhis]

There are some reports that people go for the BBR get a good limit and then call to ask for a CLI with same pull. I don't have experience with this yet.

I just PC my unsecured cash rewards to travel (still waiting for the card). My plan in a few months (once Venture reports the high limit for 3 months) is app for BBR and try to use the same pull to increase the travel. I hope it works.

[Anonymous]

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@newhis wrote:

There are some reports that people go for the BBR get a good limit and then call to ask for a CLI with same pull. I don't have experience with this yet.

I just PC my unsecured cash rewards to travel (still waiting for the card). My plan in a few months (once Venture reports the high limit for 3 months) is app for BBR and try to use the same pull to increase the travel. I hope it works.

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I don't think this works.  I apped for the BBR and they wouldn't let me get a CLI on TR or increase my starting limit with that HP.  They wouldn't even let me consolidate limits.  I believe BoA apps are EX and CLI are TU, so they would require a second HP.

[B335is]

Cain what number did you call? Try the rate reduction team: 800-421-2110

[newhis]

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@Anonymous wrote:

I don't think this works.  I apped for the BBR and they wouldn't let me get a CLI on TR or increase my starting limit with that HP.  They wouldn't even let me consolidate limits.  I believe BoA apps are EX and CLI are TU, so they would require a second HP.

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Thank you for the info. Did you call a few times? With BofA sometimes they say no at first contact, but sometimes you can find someone that can make things happen.

Maybe I'm thinking about 2 cards CLI with same pull. I can swear I read someone that got a new card and CLI with same pull, maybe BofA pulled TU and that's why.

[-Cain-]

I called the last one listed, the 866-618-4585 number (Sr. Analyst).

[Anonymous]

Try the one B suggested.

[-Cain-]

I just tried 866-811-4108, the number B put in the backdoor thread. This gentleman seemed a lot more helpful, it sounded as if he checked a little deeper (tough to know what he's really doing though) and noticed I did just pay the card down to $0, so he recommended I check back monthly, but did tell me I had no offers at this time. He said the pay down could possibly generate a better rate. Overall, same results, but a better call.