Should I cancel my Bank of America credit card?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
3 posts
cdogg
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Posts: 49
Joined: Mon Jul 16, 2012 3:44 pm
Location: allen, texas

Should I cancel my Bank of America credit card?

Postby cdogg » Sun Mar 03, 2013 10:46 pm

You can see from my signature section, have this BOA card since 2010.

My main card is AMEX since it got 34k credit limit and is the oldest one and also the Discover card. However i have been thinking to cancel the Bank of America credit card since it doesn't report the CL and its reward program is so-so.

However i don't want to use my bank debit card as my visa card, so meaning if i cancel the boa, potentially i have to apply new one. My currently credit score is about 800.

Please advise.
Current Cards: American Express:Blue Cash Everyday CL 33.6k member since 94
Bank Americard Power Cash Rewards Signature Visa CL 20k member since 10
Discover IT $9.5k member since 10
Chase freedom $10k, since 13
BB Store card $2600, since 02
Macys $2700, since 02
Gap/BR $800, since 02


F1098
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Location: Denver, CO

Postby F1098 » Mon Mar 04, 2013 1:02 am

I've heard that if you call the issuing bank of the Visa Siggy, you can request they report a credit limit to the CRA's.

Can anyone else confirm?
AMEX PRG NPSL
AMEX EveryDay: 1,000
Discover IT: $11,200
BoA Visa: $11,500
BoA Cash Rewards: $1,500
Barclays NFL Extra Points: $3,500
Barclays Rewards: $1,500
Capital One VentureOne: $7,500
Capital One No Hassle Rewards: $2,750
Capital One Quicksilver Rewards: $1,200
Chase Slate: $3,200
ENT FCU/Élan: $400

Store:
Eddie Bauer: $1,050
Wal-Mart: $3,200

MemberSince99
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Location: WI

Postby MemberSince99 » Mon Mar 04, 2013 6:24 am

Mine doesn't report the limit either, but I was told by an analyst (with BofA) that you can call customer service and request it report the limit. That's what they told me.

I wouldn't close it, since it's your oldest card your credit will take a hit and might go under that wonderful 800 number if you do that and get a new card. I mean in practical terms not a big deal but we see 800 as that "magic" number.



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