After Merge, BofA Platinum Visa Credit Card can Become MBNA Alumni AmEx Credit Card
Guest: Bikshu
Credit Expert (100+ Posts)
Post subject: After Merge, BofA Platinum Visa Credit Card can Become MBNA Alumni AmEx Credit CardPosted: Sat Sep 23, 2006 3:46 pm
rapjunkie wrote:
Bikshu - quick question - so after a month or so when the merger is complete, I'll be able to change my BofA Platinum Visa into one of the MBNA alumni Amex cards? And the terms would all remain the same?
Yes. But when you say an alumni card, do you mean a college alumni card? Like changing your card over to an FSU Seminoles Alumni Association AmEx card? Adding that affinity to your account makes it a lot more complicated and "iffy." I believe that the Product Change Unit will be capable of taking your BOA branded card and moving it into a non-transparent affinity like the NCAA, but I'm not positive about that. That type of change always depends on the contract that we have with affinity groups (i.e. the contract we have with the NCAA). You'll definitely be able to change it to an MBNA/BOA branded AmEx though, that's 100% for sure.
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Guest: ALex
Posted: Sat Sep 23, 2006 4:34 pm
rapjunkie wrote:
Bikshu - quick question - so after a month or so when the merger is complete, I'll be able to change my BofA Platinum Visa into one of the MBNA alumni Amex cards? And the terms would all remain the same?
The Answer is no.. You can not change from an a non endorsed card to and endorsed card.. You would have to do a new application, BUT you can change from an endorsed card to a non endorsed with out doing a new application.. Example
BOA Or MBNA legacy World pts card to a UCLA alumni card The answer is no.
Change the UCLA alumni card to a non endorsed BOA or MBNA world pts card the answer is Yes
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sat Sep 23, 2006 4:37 pm
Quote:
Just out of curiousity Polonius, do you plan to continue using that Chase card for retail once the 0% expires? Do you plan to continue carrying that BT on the account once the BT expires?
Yes, I'll be using that Chase card for retail after the promo rate. I won't carry the BT on the account after the promo rate, though. Frankly, it just wouldn't make sense for ME to carry a balance at the usual rate when I have so many sources of funds at a lower rate available.
Not to crow about it, but a couple of weeks ago I applied for the AARP-Chase credit card. I received a call from a Chase analyst saying that I already had the maximum exposure that Chase felt comfortable with, but I could transfer unused credit from my other Chase cards to the new card. The new card was issued with a CL of $1,000 and arrived this week. My BT on the Chase card ends with this month's statement closing date of September 28th. So I'm paying off the BT in full now; funds will be transferred to Chase Monday to pay it off in full.
And then I'll call Chase to ask that the "old" card's $45,500 limit be reduced to $1,000 and the remainder transferred to the new card. New card has 0% for the first 12 billing cycles on BTs AND on purchases, 3% BT fee capped at $65.00. The rewards program is a straight 1% back in cash, no limit--I can do better than that too, but another 0% BT for a year is something I won't resist unless I have a good reason to resist--and I can't think of one. (Details: www.aarpcredicard.com/5.)
One quick observation. I'm still confused by what credit analysts use to decide to set a credit limit. That call from Chase tells me Chase feels I have enough Chase credit. But I also applied at the same time for a Chase Business card. That card also arrived this week--with a credit limit of $60,000. No documentation of my income or assets requested. Those darn bank analysts!
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Sat Sep 23, 2006 6:34 pm
nm
Last edited by maddybeagle on Sat Sep 23, 2006 10:00 pm; edited 2 times in total
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Guest: rapjunkie
Credit Expert (100+ Posts)
Posted: Sat Sep 23, 2006 6:41 pm
ALex wrote:
rapjunkie wrote:
Bikshu - quick question - so after a month or so when the merger is complete, I'll be able to change my BofA Platinum Visa into one of the MBNA alumni Amex cards? And the terms would all remain the same?
The Answer is no.. You can not change from an a non endorsed card to and endorsed card.. You would have to do a new application, BUT you can change from an endorsed card to a non endorsed with out doing a new application.. Example
BOA Or MBNA legacy World pts card to a UCLA alumni card The answer is no.
Change the UCLA alumni card to a non endorsed BOA or MBNA world pts card the answer is Yes
I see... no problem... I wouldn't mind just getting it as a new card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Expert (100+ Posts)
Post subject: After Merge, BofA Platinum Visa Credit Card can Become MBNA Alumni AmEx Credit CardPosted: Sat Sep 23, 2006 3:46 pm
rapjunkie wrote:
Bikshu - quick question - so after a month or so when the merger is complete, I'll be able to change my BofA Platinum Visa into one of the MBNA alumni Amex cards? And the terms would all remain the same?
Yes. But when you say an alumni card, do you mean a college alumni card? Like changing your card over to an FSU Seminoles Alumni Association AmEx card? Adding that affinity to your account makes it a lot more complicated and "iffy." I believe that the Product Change Unit will be capable of taking your BOA branded card and moving it into a non-transparent affinity like the NCAA, but I'm not positive about that. That type of change always depends on the contract that we have with affinity groups (i.e. the contract we have with the NCAA). You'll definitely be able to change it to an MBNA/BOA branded AmEx though, that's 100% for sure.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: ALex
Posted: Sat Sep 23, 2006 4:34 pm
rapjunkie wrote:
Bikshu - quick question - so after a month or so when the merger is complete, I'll be able to change my BofA Platinum Visa into one of the MBNA alumni Amex cards? And the terms would all remain the same?
The Answer is no.. You can not change from an a non endorsed card to and endorsed card.. You would have to do a new application, BUT you can change from an endorsed card to a non endorsed with out doing a new application.. Example
BOA Or MBNA legacy World pts card to a UCLA alumni card The answer is no.
Change the UCLA alumni card to a non endorsed BOA or MBNA world pts card the answer is Yes
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sat Sep 23, 2006 4:37 pm
Quote:
Just out of curiousity Polonius, do you plan to continue using that Chase card for retail once the 0% expires? Do you plan to continue carrying that BT on the account once the BT expires?
Yes, I'll be using that Chase card for retail after the promo rate. I won't carry the BT on the account after the promo rate, though. Frankly, it just wouldn't make sense for ME to carry a balance at the usual rate when I have so many sources of funds at a lower rate available.
Not to crow about it, but a couple of weeks ago I applied for the AARP-Chase credit card. I received a call from a Chase analyst saying that I already had the maximum exposure that Chase felt comfortable with, but I could transfer unused credit from my other Chase cards to the new card. The new card was issued with a CL of $1,000 and arrived this week. My BT on the Chase card ends with this month's statement closing date of September 28th. So I'm paying off the BT in full now; funds will be transferred to Chase Monday to pay it off in full.
And then I'll call Chase to ask that the "old" card's $45,500 limit be reduced to $1,000 and the remainder transferred to the new card. New card has 0% for the first 12 billing cycles on BTs AND on purchases, 3% BT fee capped at $65.00. The rewards program is a straight 1% back in cash, no limit--I can do better than that too, but another 0% BT for a year is something I won't resist unless I have a good reason to resist--and I can't think of one. (Details: www.aarpcredicard.com/5.)
One quick observation. I'm still confused by what credit analysts use to decide to set a credit limit. That call from Chase tells me Chase feels I have enough Chase credit. But I also applied at the same time for a Chase Business card. That card also arrived this week--with a credit limit of $60,000. No documentation of my income or assets requested. Those darn bank analysts!
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Sat Sep 23, 2006 6:34 pm
nm
Last edited by maddybeagle on Sat Sep 23, 2006 10:00 pm; edited 2 times in total
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: rapjunkie
Credit Expert (100+ Posts)
Posted: Sat Sep 23, 2006 6:41 pm
ALex wrote:
rapjunkie wrote:
Bikshu - quick question - so after a month or so when the merger is complete, I'll be able to change my BofA Platinum Visa into one of the MBNA alumni Amex cards? And the terms would all remain the same?
The Answer is no.. You can not change from an a non endorsed card to and endorsed card.. You would have to do a new application, BUT you can change from an endorsed card to a non endorsed with out doing a new application.. Example
BOA Or MBNA legacy World pts card to a UCLA alumni card The answer is no.
Change the UCLA alumni card to a non endorsed BOA or MBNA world pts card the answer is Yes
I see... no problem... I wouldn't mind just getting it as a new card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
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