- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
I know this is kind of pushing it, but I decided to bite today and app'd for this card.
It came down to this or Discover. I was leaning towards Discover, even knowing my likely limit was probably about 1.5k or so and an increase unlikely in the near term, but what killed that was reading accounts of how in disputes they almost always side with the merchant. That just killed any desire I had for the card, as I seldom file a dispute, only a few in many thousands of transactions, but when I do it's because I'm getting SHAFTED and I want help from the card company.
I love their customer service people, I really do. I hope someday they change their policy on limits and disputes so I can get one of their cards again.
The reasoning for applying for the BofA card is to try to get another hopefully high limit card or at least one that can grow into the fold. I've come to embrace diversification, especially in light of the apparent meltdown of OCCU with the Duck Card. I have no current lender or card that I'm unhappy with, but I am seeing the value of diversification just in case. And, why not let them compete for my business, what is the harm in that? They should be happy to. And please don't take that as arrogance it's just what is supposed to be the best part of the free market.
So that's really the reasoning. I'm concerned about the Duck Card and would like to add another card capable of growth to my wallet from a major player in the industry. That assumes they approve it, so we'll see what happens. I got the 7-10 day message, but I did last time I had a card with them as well so it isn't always a decline.