America On Line Credit Card Offer

i already have 1 bank of america card....now they sent me an offer with another with a pretty high credit line. are they a good CC? i have only had the first for a month and transferd my balances there. also, if they give a a high credit limit is that a good thing? they offred close to 6,000.
i already have other cards aswell..and they not boA. would they drop me for that?
i already have few CC. with extremely low limits high apr's. i didnt know what i was getting into with those but there ok but BOA is offering good deals..also im nto a big cc usuer. its more of "in-case-of emergency" and "establish credit" thing.

You get credit card offers in the mail every day. And you do need to make sure that you are using the credit card that is best for you. Instead of sifting through all those credit card offers in the mail, why not go online and check out the incredible offerings of credit card reward programs? In addition to getting the best credit card for you, as well as any perks that come with the card, you will earn a cash reward, just for signing up for your favorite low interest credit card online!
read more about credit card at: http://www.card-gallery.com/index.html

2007-02-13 16:18:09 by nycgreekguy004

www.JuniperCreditCard.Info The Juniper Bank Credit Card is truly America's best card offer online. Application is easy for the over 30 reward ...

I have had a low ($500) limit credit card for 2 years and 9 months. It is an MBNA-issued Bank of America card.

I have never been offered a credit line increase by the credit card company. I have also never had a late payment or an over-limit charge. I have, however, kept the outstanding balance relatively close to the credit limit for the past year or so.

I decided today to pay off $200, leaving the outstanding balance at around 55% debt/credit ratio.

Is it likely that BOA will accept my credit line request? Should I wait a while and keep trying to pay down my balance before trying to request one? What is the general procedure/criteria for a credit line increase? And if I do request an increase, will an inquiry viewable by creditors appear in my credit report?

I know it's a lot of questions, and I really appreciate any insight. Thanks.
To clarify, I do not need the card for day-to-day expenses. I have had an outstanding balance for a long time, and though I have had money in checking to pay it down, I never really bothered until recently learning about credit. Therefore I just decided to begin paying it down.

A credit line increase should not be difficult at all. Remember, the credit card company wants to make as much money as possible and the best way for them to do that is to allow people such as yourself, who keep their cards close to the limit yet pay on time to have credit line increases. Just call, explain what you'd like, and see what they say.

If they say no, threaten to transfer your remaining balance to a 0% introductory rate credit card. That will get their attention. You might want to consider doing this anyway simply because Bank of America was ruled to have the worst credit card in the industry. Keep an eye on your interest rates and terms. Heck, this would probably be a good time to request a lower interest rate as well. Most credit card companies go along with this with no real issues as long as they are faced with the prospect of losing a paying customer to another bank.

Waiting and paying down your balance is not necessary. No inquiry will be viewable on your credit report for requests made to a credit card company.

If they say they cannot help you, then call again and speak to someone else. Once you are transferred to the correct department, it is up to each individual representative wheither to honor your request. It shouldn't take long to get one who will.

2008-09-15 22:40:21 by Aaron

Ok, I am in a really bad situation and could use some prudent advice.

Here's my info:

I have about 8k in debt with my Citigold debit card. 14.5 annual APR

I have about 23,800 in debt with my citibank platinum select card w/ 0% interest on it until January 09'. Upon which it reverts to 6.24 variable interest.

I have a bank of america balance transfer mastercard with a 12 month 0% account w/ 1200 credit line open being unused so far. The 0& offer on this card ends in July.

Now I have about 5k in cash I can use to reduce my balance. I'm thinking of just using the 5k to pay down my citibank platinum select. However, should I use that money to pay off my citibank debit card?

I'm very confused here. I also am thinking of asking for a credit line increase to Bank of america from 1200 to 10k. I started this account back in July. I'm hoping to do a balance transfer.

Basically I thought I could use balance transfers to deal with my debt but with the economy tanking, things are getting hard.

My credit score is around 740.

So my questions are:

1. With the 5k, which account should I pay down first?

2. Should I ask for a credit line increase on my bank of america card? Would it be smarter to just ask for 5k first instead of 10k? It was opened in June with no activity since.

3. Should I open a new balance transfer credit card and try to take advantage of a 0% balance transfer opportunity?

Thank you so much, any help would be appreciated!

I don't have the high credit information on the Citigold, but if it's $25k-ish like Platinum card then pay down the Platinum card to reduce the debt ratio.

B of A might not grant you 10k because credit is really really tight; be ready for that.

Sometimes you get hit with 3% upfront fees to transfer balances but it beats a year at 18% or even at 6.9%.

You have a good credit score and my guess is that you make decent money but ran into a rough patch and have investments that now can't pay off that balance since the investments decreased and need to juggle some bucks till Obama turns around the market with his "wand of Change" and cash them out before he taxes us to death (Long-term CAPGAINS going to 28% baby!!!). (...experience)

1 - See what BofA will do. If they increase your credit your beacon/FICO score may go down 20-30-ish points, give or take. It is a recent account and it sounds like you may have had some recent inquiries on your credit.
a - Citigold or Citibank may pull a periodic report and reduce or restrict your credit limit. Again, the market is getting tighter.
b - Usually credit cards like a balance and payment history before they move. BofA would likely be more willing to move than CitiBank. They have had tighter reigns on credit and mortgages over the years.
c - They may be willing to transfer your Citibank debt dependent upon whether or not you close out that account and whether or not you have other accounts, such as a home loan, through them. It's not likely and banks aren't taking that risk as much as they did in the past.

2 - If you think you can get 0% interest for a year and transfer balances or fractions of a balance - do it.

3 - Don't use the other cards and continue to pay them off. The longer they are opened the longer and better the credit history.

You seem like a smart person..

2008-11-01 01:29:16 by Nick

Hi I'm planning on applying for a credit card with no annual fee and the option to get reward points. I mainly want it for an emergency. I already have a Bank of America and a Wells fargo credit card, but they have annual fees and I'm planning to cancel the oldest one (I've had it for around 2 years, but it has the lowest credit line and doesn't offer reward points, Is this a good thing?)
I was thinking in chase freedom, discover or blue from american express? which one should I choose? or should I choose a different one?
Thanks for your help!

I honestly think you should get an American Express card. I myself do not have one, but they do have an annual fee. There are great travel rewards associated with them and you're treated very well when using it.

The reason I think American Express is the way to go is because it keeps you out of debt while improving your credit score. You do have to pay your balance in full each month.

Also, I would suggest keeping your cards open, even if you don't use them because that will actually lower your credit score. The longer history you have with your credit card, the better credit score you receive. Just tuck it away in a drawer, but use it one every 3 months or so because if you don't use it, they will automatically cancel it.

2009-04-28 18:05:53 by SMAZ

I got a pre-approved offer from FIA Card Services (now affiliated with Bank of America) They offered me a line of credit with a "non-variable rate", that sounds like a fixed rate, right? WRONG! After reading the "fine print" I found the following statement: "For approved accounts, we reserve the right to change your APR, fees, or other credit terms at our discretion." YIKES! I called to see if they were for real with this and was told a lot of mumbo jumbo about the industry and late payments, etc. Sure, if I pay my account late all the time, I would expect an interest rate hike. Unfortuately for the borrower, even if you maintain a great credit score and perfect payment history every month, they can still raise your rate "at their discretion". I told them (in a nice way) where they could stick their loan... Anyone fell into this trap? Share your story so others might learn!

I have quite a few credit cards and not ONE guarantees that my rate will never change.

In credit card terminology, "fixed" only means that the rate isn't based on some market rate like the prime rate. It's only "fixed" until the credit card issuer decides to change it. It's quite common for the account agreement to specify that the rate WILL change in the event of a late payment, a check that bounces, etc. and in addition they can choose to change it whenever they want as long as they notify you with as little as 15 days notice.

"Variable" means the rate can change month-to-month, depending on changes in the prime rate (or whatever market rate they use).

Bottom line, there is no credit card that will offer a fixed rate which will never, ever change.

2007-09-07 06:38:54 by Read the Fine Print!