Useful info on applying for a BofA CC

llecs · ‎02-15-2008

I'm having a fun challenge right now with my BofA. I post more info later, but while I was at the bank, I was engaged in an informative dialog with the CC person at my local branch.

If you claim $100k as your income, then some sort of thresh-hold gets reached and your odds go way up to being approved for a cc. I'm not advocating lying, but my income on '07 return was at $89k and the BofA employee bumped it up to $100k during my CC app process. I told her she had made a typo and she responded that my odds are greater at $100k.

MidnightVoice · ‎02-15-2008

I wouldn't be surprised if the $100K+ income was not like the $10K+ credit limit.

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

bamagirl1 · ‎02-15-2008

do they not verify stuff??? i've always wondered why they even ask if they don't verify i had a friend who did something like that and swears thats why he was approved or approved for a higher limit but this was at least 10 years ago

~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??

bamagirl1 · ‎02-15-2008

what else did she say llecs? like scores, bk anything you can add on here about your conversation...

~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??

llecs · ‎02-15-2008

I had a bad experience with them today and was mad during our conversation so I didn't want to talk. She was sick and am sure she didn't want to talk to me either.

On hindsight I wish I moved past what happened and asked her more questions. Here's what I'll do, I have to talk with her again (next week), so if you have any questions, I'll ask them. Score and BK, I'll ask.

The only topics that were brought up were income and inquiries (whether I would have to take a hit) and card type. Also asked about the process, or rather I asked if she could influence the decision-making process (NO). From experience, they pull EX pretty much exclusively and had been approved in the past for two 99/500 offers with scores in the mid-600 (though some have been approved for less).

bamagirl1 · ‎02-15-2008

llecs ask about those things please and let us know..thanks for the other info...best of luck!!

~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??

REgnlor · ‎02-15-2008

What's the $10K limit thing? That NFCU CL I just got is $10K and my income is $160K but they didn't verify anything.

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haulingthescoreup · ‎02-15-2008

Well, cripes, when the bank employees are initiating lies in your favor, they can hardly carp about what you put on your apps!

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

jsmith12345 · ‎02-17-2008

That's crazy. I highly doubt the $100k income limit makes that big of a difference. Obviously more income increases your chance of getting their card. She should have said, "if you put $250,000" on there you'll get this for sure!"

Anonymous · ‎02-18-2008

@llecs wrote:
I had a bad experience with them today and was mad during our conversation so I didn't want to talk. She was sick and am sure she didn't want to talk to me either.
On hindsight I wish I moved past what happened and asked her more questions. Here's what I'll do, I have to talk with her again (next week), so if you have any questions, I'll ask them. Score and BK, I'll ask.
The only topics that were brought up were income and inquiries (whether I would have to take a hit) and card type. Also asked about the process, or rather I asked if she could influence the decision-making process (NO). From experience, they pull EX pretty much exclusively and had been approved in the past for two 99/500 offers with scores in the mid-600 (though some have been approved for less).

If you can, pls ask her what is the easiest/best (non student) card to apply for with a) no credit history and b) 6 mth credit (good: 3 ccs and a loan) history?
I'd really appreciate the info. Thks!