BofA gave me their highest rate

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
15 posts
CC Deville
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Postby CC Deville » Sun Feb 16, 2014 1:02 pm

I have read that BofA is very good about lowering APRs so after a while you could call them and ask for a lower APR.

Did you post about OCCU here? I was on MyFico the other day and I saw that some people were approved and then later OCCU took it away stating that they had to become members of the credit union. Stupid Duck/Beaver Card(s)!

Yeah, BofA was the lone holdout on reporting the credit lines on Visa Signature/World MasterCard. I want to say around April of 2013 they started reporting my Visa limit. I kind of liked not having it report but its all good.


MemberSince99
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Postby MemberSince99 » Mon Feb 17, 2014 6:46 am

Drudai wrote:I know it's mostly a joke, especially for people like us who loves that approval high. I wanted to garden for a decent rate on an auto loan, but we just went ahead and bought the car outright. I guess I'll have to wait a few more years to get an auto loan reporting, now. (Boo, I'd like to see the boost in my score from mix of credit...)

NOW are you in the garden or is there other secret cards lurking in the dark for you?



I really don't get an approval high. I just want a diverse mix of lenders and cards. Especially after the OCCU debacle, that convinced me you really can't have too many options, within reason of course (30 cards would not be something I could comfortably manage).

You know, if you wanted that you could have bitten the bullet and then re-financed for a better rate in 6 months. But why throw away money just for scoring I do get that!

MemberSince99
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Postby MemberSince99 » Mon Feb 17, 2014 6:51 am

CC Deville wrote:I have read that BofA is very good about lowering APRs so after a while you could call them and ask for a lower APR.

Did you post about OCCU here? I was on MyFico the other day and I saw that some people were approved and then later OCCU took it away stating that they had to become members of the credit union. Stupid Duck/Beaver Card(s)!

Yeah, BofA was the lone holdout on reporting the credit lines on Visa Signature/World MasterCard. I want to say around April of 2013 they started reporting my Visa limit. I kind of liked not having it report but its all good.



It doesn't really matter in any practical way because I don't and don't plan to ever carry a balance. BofA from everything I've read prefers that anyway - all the evidence I've read suggests that BofA and Amex prefer PIF, while Citi and Discover like people who carry a balance. Different business models I guess.


Yes I did post about OCCU. I find what they did pretty much unbelievable for any "legitimate" business. I just closed the damn thing and moved on. Who needs the hassle. Sometimes you win by losing and I think with OCCU the best thing I could have done was just cut bait and move on so I did. From now on, I'm sticking to bigger companies that have been around a while and aren't run by totally unstable, incompetent fools like OCCU seems to be. I mean if they only wanted members of the CU, wouldn't you think that any 3rd grade kid could have figured out you should probably do that ahead of time, before you issue a bunch of cards? I mean is this like glaringly obvious to anyone with an IQ even half as high as their age or what? Apparently not to OCCU. So good riddance to them.

thom02099
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Postby thom02099 » Mon Feb 17, 2014 10:06 am

Member.....MemberSince99.....This is the voice of credit cards future.....

Come to the Bull! The Merrill Lynch Plus Bull...! We are awaiting your application. You know you want the flashy bull on your black card... Come to Merrill Lynch...!
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

CC Deville
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Postby CC Deville » Mon Feb 17, 2014 6:03 pm

MemberSince99 wrote:Yes I did post about OCCU. I find what they did pretty much unbelievable for any "legitimate" business. I just closed the damn thing and moved on. Who needs the hassle. Sometimes you win by losing and I think with OCCU the best thing I could have done was just cut bait and move on so I did. From now on, I'm sticking to bigger companies that have been around a while and aren't run by totally unstable, incompetent fools like OCCU seems to be. I mean if they only wanted members of the CU, wouldn't you think that any 3rd grade kid could have figured out you should probably do that ahead of time, before you issue a bunch of cards? I mean is this like glaringly obvious to anyone with an IQ even half as high as their age or what? Apparently not to OCCU. So good riddance to them.


Agreed. I always thought it was interesting that a credit union was allowing non members to apply for credit. Especially since they are a state credit union, the membership requirements are usually geographically set.

I am a member of three credit unions. I love credit unions for car and personal loans but I prefer banks for everything else.

Sorry it happened to you. At the very least they should agree to delete the trade and inquiry for people affected. One the plus side, it finally shut those Duck card people up at MyFico......



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