"Yet Another Card Swap"
Bank of America Visa Signature® WorldPoints Rewards Review
Written by: ross154 on 2009-02-06
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
ross154's review: 
Most of the stuff I've written in the below linked review still applies, I'll just talk about what I have noticed that is different so far:
http://www.financeglobe.com/credit-cards/credit-card-reviews/Review-9803.php
First thing, everybody seems concerned about the fact that, with no preset limit, credit reports will show the high balance as the credit limit. In my case, I pulled an Experian report yesterday as I am looking into closing some other consumer accounts (Newegg, Amazon, etc). Although I hadn't received this card in the mail until today, it was already on the report with the credit limit listed as $24,000. So, at least in my case, they are reporting something other than the balance.
That said, in bold print on the welcome brochure is "This credit card has no pre-set spending limit. This does not mean that all transactions will be approved. We will consider transactions for approval on an individual basis, **including transactions in excess of the Revolving Line** (referred to above as your Credit Line)." Emphasis mine. Most of the hate on this card seems to be on this CL issue, so maybe things are better now :-)
Activation was easy although I made a mistake keying in the number so I wound up talking to a CSR. I was pleasantly surprised at not having to turn down one of those stupid credit protection plans - it was not offered. I was offered a balance transfer promotion, they told me the outstanding balances I had on other accounts... Already knew this, but helpful anyway. And we were done.
Speaking of balance transfers, I do have a 0% promotion expiring in April, most of which I plan to roll over to this card more than likely. Knowing that would increase utilization, I requested a CLI online - the first time I had ever requested a CLI from any bank. So I was a little nervous :-) This was approved instantly up to $28,800. I was hoping for $28k even so I'm happy.
The perks on this card like the concierge etc... I wonder if I'll ever use them? But I'll definitely take advantage of the rewards program and various discounts if possible. When I converted my BofA MasterCard to this new Visa, the CSR told me that my rewards points would be forfeit... As of right now, the old points are still there. So there's that.
For anyone else considering a product change with BofA, it took three weeks from the initial phone call to having the new card in my hand. Oh and there's no cool picture of Saturn on this card :-/
Most of the stuff I've written in the below linked review still applies, I'll just talk about what I have noticed that is different so far:http://www.financeglobe.com/credit-cards/credit-card-reviews/Review-9803.php
First thing, everybody seems concerned about the fact that, with no preset limit, credit reports will show the high balance as the credit limit. In my case, I pulled an Experian report yesterday as I am looking into closing some other consumer accounts (Newegg, Amazon, etc). Although I hadn't received this card in the mail until today, it was already on the report with the credit limit listed as $24,000. So, at least in my case, they are reporting something other than the balance.
That said, in bold print on the welcome brochure is "This credit card has no pre-set spending limit. This does not mean that all transactions will be approved. We will consider transactions for approval on an individual basis, **including transactions in excess of the Revolving Line** (referred to above as your Credit Line)." Emphasis mine. Most of the hate on this card seems to be on this CL issue, so maybe things are better now :-)
Activation was easy although I made a mistake keying in the number so I wound up talking to a CSR. I was pleasantly surprised at not having to turn down one of those stupid credit protection plans - it was not offered. I was offered a balance transfer promotion, they told me the outstanding balances I had on other accounts... Already knew this, but helpful anyway. And we were done.
Speaking of balance transfers, I do have a 0% promotion expiring in April, most of which I plan to roll over to this card more than likely. Knowing that would increase utilization, I requested a CLI online - the first time I had ever requested a CLI from any bank. So I was a little nervous :-) This was approved instantly up to $28,800. I was hoping for $28k even so I'm happy.
The perks on this card like the concierge etc... I wonder if I'll ever use them? But I'll definitely take advantage of the rewards program and various discounts if possible. When I converted my BofA MasterCard to this new Visa, the CSR told me that my rewards points would be forfeit... As of right now, the old points are still there. So there's that.
For anyone else considering a product change with BofA, it took three weeks from the initial phone call to having the new card in my hand. Oh and there's no cool picture of Saturn on this card :-/
2 Comments
Comment 1 by colonative
BofA Reporting 
on 2009-02-06
BofA reports these cards with the code JX-Flexible spending account. So, they are probably on the better, more modern Metro II reporting so it does not count against you to have the Signature.
Just don't apply for a second BofA; they will take credit from this account to fund the new one.
Congrats, this is one of the nicer looking Signature cards out there.
on 2009-02-06 BofA reports these cards with the code JX-Flexible spending account. So, they are probably on the better, more modern Metro II reporting so it does not count against you to have the Signature.Just don't apply for a second BofA; they will take credit from this account to fund the new one.
Congrats, this is one of the nicer looking Signature cards out there.
Comment 2 by kimi
Bofa Is The Best! on 2009-02-07
This the strongest bank nowadays,I had a problem with and I made a review few days ago, and the probleb was caused by a rare ignorant cs agent who cut my cli, I called them aweek and they restored my cli o the wat it was, the best bank with the best products.
on 2009-02-07 This the strongest bank nowadays,I had a problem with and I made a review few days ago, and the probleb was caused by a rare ignorant cs agent who cut my cli, I called them aweek and they restored my cli o the wat it was, the best bank with the best products.
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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.
