BofA Cash Rewards World Mastercard

[dsotm76]

Hey everyone!

So, I went to the mailbox today and in the mail was an offer from Bank of America.  I opened it up and it was for the BofA Cash Rewards World Mastercard.  On paper, it sounds good.  I especially like the 3% back on gas.  Not knowing much about it, I figured I'd inquire more on here.  When I looked at the rate, it had a specific rate of 19.24%.  Does that mean that if I actually bit on the bait, I'd stand a good shot at approval?  I'm not too familiar with BoA cards.  Just wanted to get some feedback.

Thanks!

[Anonymous]

If you had a specific rate, your chance of getting approved is really high.

[Loquat]

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@dsotm76 wrote:

Hey everyone!

So, I went to the mailbox today and in the mail was an offer from Bank of America.  I opened it up and it was for the BofA Cash Rewards World Mastercard.  On paper, it sounds good.  I especially like the 3% back on gas.  Not knowing much about it, I figured I'd inquire more on here.  When I looked at the rate, it had a specific rate of 19.24%.  Does that mean that if I actually bit on the bait, I'd stand a good shot at approval?  I'm not too familiar with BoA cards.  Just wanted to get some feedback.

Thanks!

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It all depends.  If you profile has changed significantly since the time you were preselected then there is a chance that you could be declined.  Having a specific APR versus a range is better but nothing is guaranteed.  Remember that when you apply a snapshot of your current credit is what the lender sees.  Good luck if you decide to apply. 

[AverageJoesCredit]

Definitely not 100% guarantee approval with single rate. Ive had one before from Boa and still was rejected. If it is worth a hp to you and you want the card, worth a shot but as Loquat alluded, things can change by the time you get the offer

[Anonymous]

The specific rate is a good sign! Even if they approve you with a toy limit, it will grow with an SP nowadays.

By the way, that 3% is really 3.3% -- if you redeem into a BofA checking or savings account you get a 10% bonus at redemption.

[RonM21]

Grasshopper, it is still setting in for me that BoA has soft pulls now lol. I almost forget until someone mentions it like you did.

[UpperNwGuy]

Other than the 3% for gas purchases, the card is pretty useless -- unless you happen to have a spare $100,000 to stash at Bank of America's Merrill Edge brokerage.