Interesting offer from BoA: An upgrade

[MrShush]

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@Ron1 wrote:

Mr Shush,

Three months ago, they offered me to upgrade 3-2-1 rewards for my BankAmericard Visa Signature Card. I accepted the offer. I got downgraded to Platinum Plus when I got the card. I didn't really care whether it was Visa Signature Card or Platinum Plus.  I looked at the bright side and now they report CL.  I tried to say they can turned anything they want.  I didn't bother to call them to put it back.  They might transfer to credit analyst (grilling). They might CLD my accounts with them. I don't owe them a dime. 

Ron.

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Thanks Ron, I'll keep my eye out for the typical Bank of America shennanigans. I did accept the offer for the $50. I'd hate to start funneling charges through this card and it not pay off.

[Ron1]

Mr Shush,

One more thing I forgot.  I read it from the forum and someone took $50 promotion by using 3-2-1 rewards Visa and they closed his account. Just be careful.  I don't really like use their cards. I was afraid every time I used the card. They gave 5% cash back for BofA Amex on every purchase from Jan-Mar.  I used it once a month to take the promotion. I would rather to use my Amex because I know I can use the card.  

Ron.

[MrShush]

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@Ron1 wrote:

Mr Shush,

One more thing I forgot.  I read it from the forum and someone took $50 promotion by using 3-2-1 rewards Visa and they closed his account. Just be careful.  I don't really like use their cards. I was afraid every time I used the card. They gave 5% cash back for BofA Amex on every purchase from Jan-Mar.  I used it once a month to take the promotion. I would rather to use my Amex because I know I can use the card.  

Ron.

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Damn the bonus then! I figured they offered to spark the usage. I've had it SD'd for quite some time. The last charge that posted was a good 6-8 months ago. I wonder if I hit the spend requirement and let the bonus cash sit if they'd leave me alone.

Like I said before, my regular rotation of AMEX (Plat, Blue, Delta) and Discover with the occasional Freedom thrown in for kicks might just remain in place.

[Ron1]

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@MrShush wrote:

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@Ron1 wrote:

Mr Shush,

One more thing I forgot.  I read it from the forum and someone took $50 promotion by using 3-2-1 rewards Visa and they closed his account. Just be careful.  I don't really like use their cards. I was afraid every time I used the card. They gave 5% cash back for BofA Amex on every purchase from Jan-Mar.  I used it once a month to take the promotion. I would rather to use my Amex because I know I can use the card.  

Ron.

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Damn the bonus then! I figured they offered to spark the usage. I've had it SD'd for quite some time. The last charge that posted was a good 6-8 months ago. I wonder if I hit the spend requirement and let the bonus cash sit if they'd leave me alone.

Like I said before, my regular rotation of AMEX (Plat, Blue, Delta) and Discover with the occasional Freedom thrown in for kicks might just remain in place.

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I remember someone spent $750 to take advantage $50 promotion and next thing he knew they closed his account.  It wasn't long ago. It was last month.  I heard they have been closing lots of accounts because they sell card portfolio to US Bank and FNBO later this year.   I like my Amex, Chase, and Discover. They haven't done anything to me yet.

Ron.

[MrShush]

This is probably why I've stopped using the FIA/BOA cards. But then again, every lender goes through these phases where they are closing cards for no apparent reason. Are they selling off all of the portfolio or just the brands they administer via small banks?

[Ron1]

Yes, you're right.  Chase closed all my accounts without any reason. Citi refused to renew my Citi Forward without any reason too.  I think they sell all card portfolio to either US Bank or FNBO. They sent those 0% BT check every month and it went straight to paper shredder. It's a trap. It gives them excuses to close/CLD  accounts.

Ron.

[MrShush]

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@Ron1 wrote:

Yes, you're right.  Chase closed all my accounts without any reason. Citi refused to renew my Citi Forward without any reason too.  I think they sell all card portfolio to either US Bank or FNBO. They sent those 0% BT check every month and it went straight to paper shredder. It's a trap. It gives them excuses to close/CLD  accounts.

Ron.

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That's interesting; I get BT checks for both FIA/BOA cards monthly and won't use them. I get preapproved offers from FBNO a lot now too. Citi can !@#$ too. I've had a Citi card that started as a Platinum Select MC -> Diamond Preferred AMEX -> Thank You AMEX and they refuse to give me anything but BT checks. It has a toy limit compared to my other cards meanwhile, my Home Depot consumer card has a limit of 11840! I truly gave up on them too. Chase has been OK to me lately so I don't have anymore problems with them...for now. My US Bank Flex Perks Select hasn't budged since I got the card in 2010 but they are always offering BT checks and points. As far as I know, they are pretty stable. So, I get the new BOA card and that too will see some action, but not like my others.

[Ron1]

Citi hasn't given me any CLI since 2007. I let them to pull hard pull for CLI. They gave me lame excuse and I owe too much on other credit cards. They decreased my Shell/ExxonMobil Gas card because I haven't used it lately. US Bank are ok. I requested CLI for Bath, Bed and Beyond and they pulled hard. They denied me too. Chase are ok too. They haven't done anything since 2009. They decreased all Wamu  to $500 when they turned into Chase. I closed them all. They decreased my Ink business from $11800 to $5k. I think you should take advantage FNBO pre-approval because they're tough to get without pre-approval. They approved $10.5K for Platinum Visa. It is too bad it doesn't have any rewards.

I have both BofA personal and business cards. I hardly use them nowadays.  I like to use my Amex cards (both personal and business) and it let me to use it during traveling and business trips.

Ron.

[MrShush]

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@Ron1 wrote:

Citi hasn't given me any CLI since 2007. I let them to pull hard pull for CLI. They gave me lame excuse and I owe too much on other credit cards. They decreased my Shell/ExxonMobil Gas card because I haven't used it lately. US Bank are ok. I requested CLI for Bath, Bed and Beyond and they pulled hard. They denied me too. Chase are ok too. They haven't done anything since 2009. They decreased all Wamu  to $500 when they turned into Chase. I closed them all. They decreased my Ink business from $11800 to $5k. I think you should take advantage FNBO pre-approval because they're tough to get without pre-approval. They approved $10.5K for Platinum Visa. It is too bad it doesn't have any rewards.

I have both BofA personal and business cards. I hardly use them nowadays.  I like to use my Amex cards (both personal and business) and it let me to use it during traveling and business trips.

Ron.

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CITI pulled hard twice last year IIRC for nothing. First excuse was I had way too much available credit for the income listed. Fine, I can accept that. Second time they claimed I hadn't used the card in 6 months so I should use it and try again. I used it to see if it would auto. Nothing.

The last and only time I requested a CLI on the US Bank card they denied (can't remember why though) but luckily zero hard.

I closed a Southwest Chase a couple of years ago because they refused to honor the offer they put fouth. This past September, they were peppering me with offers of $250 (but I got $300) with my first purchase on the Freedom and a bunch of fee free BTs on a Slate. I applied for both 1 Inquiry and got them. I expected more than the $6500 and $7000 respectively but whatever. I only did it for the money.

The FBNO preapproval, I just shredded this morning I really don't want or need any more credit. It's gotten way out of hand for me. I've got my scores pretty high (>770 TU and EQ, EX I won't know until next week) and I just want the dust to settle. Maybe if they offered something super awesome that I couldn't pass up, maybe.

[Ron1]

Sorry to hear it .  Citi gave the same reason.  I like Chase Freedom Visa and MC. I got  a couple of them and I rotate them to use it.  Chase used to sent bunch of BT checks and I didn't use it. They stopped sending it.  I have FNBO for almost six month. I can't tell you how good they are. I heard they are conservative. HSBC has been good to me. They gave me a couple of CLI for HSBC RZMC, HSBC store cards and Cash Back Platinum MC. It depends who you talked to. One thing their customer service is bad. They offered no help when you have problem.  USAA is pretty good to me.  I didn't have any problem with them. 

Ron.