My Bank of America credit card is up for renewal in a few months. I went bankrupt just over a year ago. I did not include this credit card in my bankruptcy (0.00 balance). I have never been late in 6 years and haven't gone over my limit in 2 years. I always pay off my balance and therefore haven't accrued interest in 24 months. I have zero delinquencies on my credit report. Will Bank of America decline my renewal with a FICO score of 650-680? If so, should I cancel my card as opposed to Bank of America revoking it?
2006-08-21 00:42:10 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
They won't revoke it. They're going to base renewal on your history with them, not necissarily your FICO score.
2006-08-21 00:49:34 · answer #1 · answered by Imani 5 · 0⤊ 1⤋
I do not have experience with the Bank of America, but most credit card companies just send out a new card just prior to the expiry date of the old card, normally there is not a re-application to be made
Cheers
Steve
2006-08-21 08:04:29 · answer #2 · answered by Anonymous · 1⤊ 0⤋