BoA BillPay with CC

[Anonymous]

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@Anonymous wrote:

BOA's web page shows the debit as a "BILL PYMT BY CHECKFREE" transaction. When I drill down for more detail, I see the transaction type described as an "ATM Cash Advance or Bank Transaction".

That description is a bit worrying, suggesting as it does that BOA might treat this as a cash advance with no grace period. I'll know more after the statement cuts at the end of next week. 

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Well, I've seen the BOA Visa statement, & I can confirm that Bill Pay payments that use a BOA CC as a funding source are billed as purchases, not as cash advances. 

 

[Anonymous]

i got a question here ! is there a way to subscribe to this service without having a boa checking or savings account ?

i couldnt figure out how to do it !

[Anonymous]

I believe that BillPay is only available to checking account customers, as this is traditionally a service of checking services.

I don't think I have ever seen a BillPay service strictly for CC accounts.  This would seem to fall under BT or cash advance normally.

This is why this thread has expressed such surprise.  First surprise was that a CC could be used as a BillPay source, and secondly that it would be considered a purchase with grace period rather than a BT or cash and normal fees.

[Anonymous]

Thanks txjohn !

that makes sense to me now...i wonder if the extra "grace period" is worth opening a checking account with boa! But an extra hard inq for that sux though!

[Anonymous]

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@Anonymous wrote:

Thanks txjohn !

that makes sense to me now...i wonder if the extra "grace period" is worth opening a checking account with boa! But an extra hard inq for that sux though!

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I already had a CC with BofA and last fall I took them up on one of their promo's and opened a checking account. There was no hard INQ.

[Anonymous]

+1 cwcid

I don't think BoA does hard pulls on opening checking/savings.  I think they do Telecheck or Chexsystems, maybe a soft.

The hards seem to be mostly CU's and CU like banks.  Or at least that is how my experience has shown.

[wmarat]

They harded me for checking 3 years ago (EXP)

[Anonymous]

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@wmarat wrote:
They harded me for checking 3 years ago (EXP)

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When you already had accounts with them?

[Anonymous]

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@wmarat wrote:
They harded me for checking 3 years ago (EXP)

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I stand corrected 

[Anonymous]

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@Anonymous wrote:

BOA also holds our mortgage, but accessing this online requires a separate login; the mortgage apparently isn't linked to the checking or CC accounts.

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I have a refinanced Mortage through Bank of America and when I log into Online Banking, I see my checking account, WorldPoints Visa account (formerly secured card prior to 02/09), AND my mortgage. I am also in NJ so it could be dependant on your state.

You may want to give Online Banking so you can use one logon.