Gin.Or.Juice

Can someone clarify for me what are the BoA rules for credit card applications?

I was just denied for an Alaska Airlines card due to "to many card accounts opened recently" and the CS rep on the phone could not tell me exactly what "too many" and "recently" exactly mean, but I calculated that I have 5 cards opened in the last 12 months and 9 (including the previous 5) in the last 24 months. None of the cards have been opened on BoA.

abhilife2001

So I called them nearing the 30 days window and same reply and decline.. at this point, I had 3 CC's if they looked at the last 6 months or 4 CC's in 6 months from date of original application.

sdsearch

Since BofA has not explained those* rules to anyone, we don't know. We also don't know if (and may have to reason to suspect that) the rules may not be fixed, in that they may either change from one applicant to the next, and/or change over time (which would make hard to figure out the rules from just datapoints, but we'd need lots more detailed datapoints to do that).

* The only rules that BofA has explained to anyone are the 2/3/4 rules for counting BofA cards, but you said you opened no applied for no other BofA cards and thus the 2/3/4 rule wouldn't apply to you.

Morkai

Denied for 2nd Alaska Air (closed the 1st a week ago). Lowered my BoA credit limits beforehand. I am clear of the 2/3/4 rule.

Called to recon and was told I could submit a reconsideration request - no dice. Was asked about income, investments, and any delinquent credit card payments (none). Was told decision stands based on too many accounts opened recently (I've opened 8 in last 12 mo) and not enough investments with BoA or their affiliates. Income is $145k and investments around $50k.

Interestingly, I was told by someone on Reddit that I could open a BoA checking account, put a couple thousand dollars in it and call recon again. This individual stated they have done this and had their application subsequently approved after initially being denied Has anyone else heard of anything like this?

Alternatively, would it be smarter to open a BoA, park some money in it, keep a clean report for 3-6 months and try again?

beastieb

Denied for an Alaska Personal. Too many inquiries. I tried calling recon and they said I had 14 inquiries within the last 12 months and that it was too many. Tried to get out of them how many is too many but they wouldn't say.

muji

That's what I plan to do. I am assuming that it would greatly improve my chances of getting an approval.

Superorb

For BOA Premium recon should I call the Preferred Rewards number or a recon number? If recon, what's the best number lately? EX is frozen so I know it will be an instant decline and I will have to call.

lsquare

Does anyone here know?

Superorb

I called the preferred rewards number and they had to transfer me to the credit analyst anyways.

happyvoid

How many bank of america cards can you have maximum

catsfroggy1

Is there a way to check the status of a Business BOA application? I applied yesterday morning for Cash Rewards Business and it went pending. Only other BOA account I have is Premier Rewards with 25k limit I got in March.

pingpan

I apply for BOA premium rewards and Alaska cc. At first declined for both, but later on decide to approve me for BOA premium rewards for too many accounts. I am well aware of the 2/3/4 rule. They need to be clear of "too many"
Also a plat honors client. Every time i went to branch, they solicited me to apply for Alaska, so it just doesn't make sense. I am going to deposit my $ with other banks from now since they don't value the banking relationship that much.

Superorb

We need more info. How many new cards have you gotten in the past 6/12/24 months?

happyvoid

so both auto-declined then they approve you for premium after calling in?

michael_v

Any working live rep phone numbers other than 800-354-0401?

They are refusing to pull Equifax due to the breach. I have Experian and Transunion frozen. I could unfreeze them but I am trying to keep them as clean as possible.