"One Of My Favorites"
BankAmericard Cash Rewards™ Visa Signature® Card Review
Written by: bc8787 on 2011-04-07
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
bc8787's review: 
I got this card in January of 2011. I needed a good credit line to pay off a high interest personal loan. I needed 7,000 and BOA approved me for $9,000. My personal loan was $240 a month and I did a balance transfer to this card and the payment dropped to $88 minimum payment which is saving me over $100 a month. Interest rate is low compared to other cards as well. Customer service is very nice and helpful. I am going to use this card on a vacation soon to see how good the cash rewards are, I heard they are good with this card. I would have to say my favorite feature is that I can make a payment to this card right from my iphone Bank of America app. (you must have a BOA checking acct to use this feature)
I got this card in January of 2011. I needed a good credit line to pay off a high interest personal loan. I needed 7,000 and BOA approved me for $9,000. My personal loan was $240 a month and I did a balance transfer to this card and the payment dropped to $88 minimum payment which is saving me over $100 a month. Interest rate is low compared to other cards as well. Customer service is very nice and helpful. I am going to use this card on a vacation soon to see how good the cash rewards are, I heard they are good with this card. I would have to say my favorite feature is that I can make a payment to this card right from my iphone Bank of America app. (you must have a BOA checking acct to use this feature)
8 Comments
Comment 1 by jaynaz
Re: One Of My Favorites 
on 2011-04-08
nice!
i use the iphone BOA app to pay my card as well! Just wish the app was little more advanced.
this is a great card to have!
on 2011-04-08 nice!
i use the iphone BOA app to pay my card as well! Just wish the app was little more advanced.
this is a great card to have!
Comment 2 by kdb030609
Re: One Of My Favorites on 2011-04-08
Congratulations !!! That is a nice credit limit ! What were your scores and apr when you applied ?
on 2011-04-08 Congratulations !!! That is a nice credit limit ! What were your scores and apr when you applied ?
Comment 3 by bc8787
Re: One Of My Favorites on 2011-04-08
Thank you! My apr on the card is %10.99 and my scores at the time were:
Equifax: 670
Experian: 679
Transunion: 674
on 2011-04-08 Thank you! My apr on the card is %10.99 and my scores at the time were:Equifax: 670
Experian: 679
Transunion: 674
Comment 4 by colonative
Re: One Of My Favorites on 2011-04-10
Congrats on your approval. Just a word of caution; it sounds like you are planning on utilizing the account while you have an active balance transfer. If you do this, any balance with the lower APR (the balance transfer) will not be paid until the balance with the higher APR is paid off (new transactions).
on 2011-04-10 Congrats on your approval. Just a word of caution; it sounds like you are planning on utilizing the account while you have an active balance transfer. If you do this, any balance with the lower APR (the balance transfer) will not be paid until the balance with the higher APR is paid off (new transactions).
Comment 5 by bc8787
Re: One Of My Favorites on 2011-04-13
@colonative- thank you. And my APR for balance xfer's and purchases are the same.
on 2011-04-13 @colonative- thank you. And my APR for balance xfer's and purchases are the same.
Comment 6 by wanderer
Re: One Of My Favorites on 2011-04-18
Great CL and apr. You are building the credit you need. Keep going!
on 2011-04-18 Great CL and apr. You are building the credit you need. Keep going!
Comment 7 by rexcano
Re: One Of My Favorites on 2011-07-03
Congratulations on your credit card!! This is very cool card to have. In addition, your card has the Visa Signature Logo. Which means go to visa.com and search for signature. There are tons of benefits exclusively for Visa Signature card holders, which are absolutely free or at a huge discount! :-)
on 2011-07-03 Congratulations on your credit card!! This is very cool card to have. In addition, your card has the Visa Signature Logo. Which means go to visa.com and search for signature. There are tons of benefits exclusively for Visa Signature card holders, which are absolutely free or at a huge discount! :-)
Comment 8 by pauly2221
Re: One Of My Favorites on 2011-10-13
I am happy your happy but just FYI there is a lot better out there. I'm guessing that BOA charged you some sort of fee or they charge you a low interest rate for the balance transfer. Consider other credit unions that offer no balance transfer fee and 0% interest for 12 months. I know that NAVY FCU just offered me no balance transfer fee and 0% APR for 12months. I had a car loan of 6 % and I only had 10 months left on it so I transfered that to my navy FCU Credit card and I am saving alot of money and because I had a 695 credit score I was approved for 30K. There is a lot better out there BOA isn't what they used to be.
I wish there was a no star rating for BOA......I just got done filling out an application for the 1%2%3% credit card. I only make money off the credit cards I have been using them collecting the rewards and pay off the card befor interest and I thought the 123 Card would be great for that. I was instantly DENIED. I have a 730 fico score make about 120K+ a year and about 10K in an auto debt with no CC debt and about 90K CC available. I was so surprised that I had to call the recon number. I have never been denied credit in the last 2+ years but I was DENIED from BOA 3 and 4 and 5 years ago when my credit was a 640+. So I was sure that something was wrong with there system when I have a 730+ score. The rep was very hard to work with and very pushy when I started talking to her I said I have had my chase card (8000K limit) (710 score at time of app) Barclays carnival Card ($8,000 limit 690 Fico at time of app) discover card (3000K limit) (690 score at time of app) Navy FCU Credit Card (30K LIMIT) (695 score at time of app) Cap one, Hooters and HSBC all around 3K each (650 score at time of app) for about 2 years and the cap one hooters HSBC for about 7 years all paid on time every month and right now none of my cards have a balance. And you denied me credit????? She pulled my credit history and said there was 4 issues back in 2005. I told her yes that was 6 years ago I have proving myself to be well educated on using my cards for the last 6 years in a perfect manor. she put me on hold for like 10min and then came back in a mean tone becuase of the past history we can not extend credit. Are you serious??? I can go to any bank besides BOA and quilify for close to the best interest rate and any credit card and you can't even extend a $500 credit card? I just couldn't believe it. If you are looking for a bank to do business with and don't want to wait 10 years to get credit from due to a minor tardyness of 30 days more then 6 years ago go somewhere else. Bank of america not only has the worst customer service but the worst lending practices. I think they are geting smaller and are not able to lend like they used to. So as they drop in size they take as much as they can from the customers they do have. And don't lend a hand to new prospective customers. CREDIT UNIONS are the best and the reason I say that is because my highest credit limit is with navy FCU of 30K because they know my past 6 years has been perfect and becuase I know I can count on them that is were I put my 250K+ paycheck a year in. Don't go with BOA they are horrible I would go with any other bank like chase or Discover. HSBC not as much becuase they are getting smaller and there lending is weak but at least you can start with something.
on 2011-10-13 I am happy your happy but just FYI there is a lot better out there. I'm guessing that BOA charged you some sort of fee or they charge you a low interest rate for the balance transfer. Consider other credit unions that offer no balance transfer fee and 0% interest for 12 months. I know that NAVY FCU just offered me no balance transfer fee and 0% APR for 12months. I had a car loan of 6 % and I only had 10 months left on it so I transfered that to my navy FCU Credit card and I am saving alot of money and because I had a 695 credit score I was approved for 30K. There is a lot better out there BOA isn't what they used to be.I wish there was a no star rating for BOA......I just got done filling out an application for the 1%2%3% credit card. I only make money off the credit cards I have been using them collecting the rewards and pay off the card befor interest and I thought the 123 Card would be great for that. I was instantly DENIED. I have a 730 fico score make about 120K+ a year and about 10K in an auto debt with no CC debt and about 90K CC available. I was so surprised that I had to call the recon number. I have never been denied credit in the last 2+ years but I was DENIED from BOA 3 and 4 and 5 years ago when my credit was a 640+. So I was sure that something was wrong with there system when I have a 730+ score. The rep was very hard to work with and very pushy when I started talking to her I said I have had my chase card (8000K limit) (710 score at time of app) Barclays carnival Card ($8,000 limit 690 Fico at time of app) discover card (3000K limit) (690 score at time of app) Navy FCU Credit Card (30K LIMIT) (695 score at time of app) Cap one, Hooters and HSBC all around 3K each (650 score at time of app) for about 2 years and the cap one hooters HSBC for about 7 years all paid on time every month and right now none of my cards have a balance. And you denied me credit????? She pulled my credit history and said there was 4 issues back in 2005. I told her yes that was 6 years ago I have proving myself to be well educated on using my cards for the last 6 years in a perfect manor. she put me on hold for like 10min and then came back in a mean tone becuase of the past history we can not extend credit. Are you serious??? I can go to any bank besides BOA and quilify for close to the best interest rate and any credit card and you can't even extend a $500 credit card? I just couldn't believe it. If you are looking for a bank to do business with and don't want to wait 10 years to get credit from due to a minor tardyness of 30 days more then 6 years ago go somewhere else. Bank of america not only has the worst customer service but the worst lending practices. I think they are geting smaller and are not able to lend like they used to. So as they drop in size they take as much as they can from the customers they do have. And don't lend a hand to new prospective customers. CREDIT UNIONS are the best and the reason I say that is because my highest credit limit is with navy FCU of 30K because they know my past 6 years has been perfect and becuase I know I can count on them that is were I put my 250K+ paycheck a year in. Don't go with BOA they are horrible I would go with any other bank like chase or Discover. HSBC not as much becuase they are getting smaller and there lending is weak but at least you can start with something.
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Disclaimer: This content is not provided by Bank of America®. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Bank of America®. Review content is powered by Finance Globe.
