Just closed BofA and FIA

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MemberSince99
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Just closed BofA and FIA

Postby MemberSince99 » Tue Jul 02, 2013 12:25 pm

I'd read on FICO how they are the same company but don't interact much if at all. However I called BofA and they knew about the FIA card AND were able to close it for me.

So they seem to be tied a bit better than I'd read they were.

The rep pointed out I had 125 in rewards on the BofA card, but 100 of that was a sign up bonus and in my view I honestly didn't earn it by heavily using and keeping the card so I let it go.

On cards I heavily use and keep, yes I will keep that bonus. But I don't want to just get a card as if it's for the bonus that's just literally a bonus.

Anyway I've updated my sign those are my cards. I can't see any others I care to close. I think the ideal amount is 4 to 6 and I have 5. Any less and you limit your options any more and it's a hassle to handle, that's for me personally others may prefer more or less cards.

If I were to add anything it would be an Amex, mostly for the backdating, but they don't have any cards I don't have that I would get much value out of, or Discover, but they'd give me an insutingly low limit (probably 1500 would be my guess given that every time I open a card with them it's 1500 lower than the last one) and that wouldn't work for me so, I can honestly say I have no interest in opening new accounts at this time. IF I could get a decent limit on a Discover (5k) I would app with them, but I know better than to waste the inquiry.

Now let's see how this all shakes out. The BCP has not reported yet I've been reading that takes a while.


Gamma
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Postby Gamma » Tue Jul 02, 2013 1:25 pm

I would have posted "+1" just to mess with you, but I forgot these forums minimum characters needed is 10 :(

MemberSince99
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Postby MemberSince99 » Tue Jul 02, 2013 1:36 pm

Congrats +1! Would have worked :D

DavidNY
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Postby DavidNY » Tue Jul 02, 2013 1:40 pm

+ 1

AMEXPlatino86
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Postby AMEXPlatino86 » Tue Jul 02, 2013 2:06 pm

Ditto +2!!!
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 762
TU: 752

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djrez4
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Postby djrez4 » Tue Jul 02, 2013 3:50 pm

Image

Apparently, I only post memes now.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

MemberSince99
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Postby MemberSince99 » Tue Jul 02, 2013 4:42 pm

That is funny!

By the way in case anyone is wondering if they tried to retain me (talk me out of closing the cards) the answer is no.

I guess (don't know but am guessing) they looked at the history (or their system did) and decided it did not justify the effort, unlike with the Associated where I had a history of heavy spending on the card, which they mentioned triggered their retention effort.

Can't say I blame them. Honestly I did not use them enough to justify keeping them (hence the closures).

KrazyNick
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Postby KrazyNick » Tue Jul 02, 2013 8:34 pm

My BCE started reporting at my first statement!
Bank of America Travel Rewards Visa Signature - 5k (2/10)
Capital One Mastercard- 2.5k (1/11)
Chase Freedom- 5k (4/11)
Discover It- 3k (5/11)
Chase Amazon Visa- 2k (5/13)
American Express Blue Cash Everyday- 8k (5/13)

Bank of America WorldPoints Rewards for Business- 18k (11/11)

MemberSince99
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Postby MemberSince99 » Tue Jul 02, 2013 8:39 pm

That's great Nick! I got my first one already but they didn't report yet. But I got the first statement only two weeks after I got the card so maybe next month?



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