BofA and MBNA credit card consolidation.

Link

Posters on another forum are claiming that October 23 is the target date for completion of the merger and all associated systems. It is not clear, however, whether the current Bank of America policy (consolidation only) or MBNA policy (consolidation and/or reallocation) will govern.

try a dictionary

the merged outfit is being called "FIA Card Services NA". Any idea what "FIA" stands for ?

Anakin

I just got a letter yesterday saying my BofA Power Rewards card was going to become a WorldPoints card effective October 23. Not sure if I will keep that card or switch to a different ex-MBNA card.

I had both MBNA Platinum Plus Visa and MBNA Platinum Plus Mastercard. They sent me replacements for both recently, but only the Visa one became Bank of America and Mastercard one still says MBNA on it.

I might also add that after a conversation with a credit analyst, if, for example, a customer has a personal income (NOT household income) of $75,000 and if said person has combined credit lines at both bofa and mbna of $100,000 and that particular customer calls to combine his accounts into 1 $100,000 card, MBNA's systems will not allow this.

Indeed the protocol is to advise the customer that if he wants to go ahead and consolidate to a single card, than that card shall not exceed his personal stated income and therefore a credit line decrease will issued. If you keep them separate, than the Household income rule will apply.

Secondly, the analyst said that no decision has been passed down to him yet about consolidating lines into a single card where the limit would be in excess of $100,000.

Have an MBNA Platinum Plus Mastercard and MBNA AMEX, both World Points, 9.99 APR both. Had the Mastercard since 1996 and recently called to lower my APR from 13.99 to 9.99. They offered to lower the APRs and provide an AMEX also (as I wanted the AMEX flexibility on net purchases). When I spoke with the rep it was my understanding that the merger would not affect my APR at all. Is this incorrect? They also cut the annual fee. I dont think they would reinstate an annual fee if you are a good customer. Though I would not put it past them as it is an option in the contract, I believe.

Must be getting closer now...when you're logged into BofA, you can now access your MBNA acct through the link on BofAs site without having to login again once get to the MBNA site. Before, it'd pop open a new windown and you'd have to login again. Now they're linked. Inside BofA, looks something like:


View your Bank of America American Express or MBNA credit cards (New)
If you have a Bank of America American Express Card or an MBNA credit card, access your account information here.

I was going to do a BT with them and I asked if I could consolidate my BofA and MBNA lines and he said that they weren't able to just yet. I didn't ask when it would be available though.

I'm scared personally... if I merge lines I'll have a ~$42,000 CL on one card and who knows what type of risk-management crap they'll try and pull.

That's definitely good advice.

SoulAssassin said: Now is probably a good time to try to get a credit line increase with both BAC and MBNA before the systems merge. Then next week merge the two.

alleni said: does anyone know if the mbna college cards can be converted to a bofa CashBack card? im gonna call on the 23rd but i was just wondering, thanks.

Yes, on October 23rd.

I wouldn't suggest calling on the 23rd though, it's going to be a mess on the phone.

It now shows in my available credit. I would say that the change was instant. Hope this helps.

PoodleMan said: I just called MBNA a moment ago in order to move all available credit from a BoA Power Rewards card to a Merrill+ card, both of which are Visa. There was no issue whatsoever. I will check online in a few minutes to make certain that the new credit limit is reflected.

rigor said: the fia/ibsnetaccess.com works just like normal except it wanted me to change my password to something worst than what i had?? odd.i got that too, and even when changing password, it still wouldnt let me login, I had to change my screename too to get into IBSnetaccess.

did you have to create a new account name or were you able to use your old name?

SUCKISSTAPLES said: rigor said: the fia/ibsnetaccess.com works just like normal except it wanted me to change my password to something worst than what i had?? odd.i got that too, and even when changing password, it still wouldnt let me login, I had to change my screename too to get into IBSnetaccess.

did you have to create a new account name or were you able to use your old name?

I had to change my password as well. I can now login. The stange thing is on the billpay feature, all of my scheduled payments for my MBNA Worldpoints card are still showing up (even though I can not access that card on IBSnetaccess). I can't access my MBNA Worldpoints card on the BOA site so I can't tell if this is duplicative. Anyone else having this problem?

Before the merger, I had one Fidelity MBNA card (purchases), on MBNA Worldpoints card (billpay), and one BOA (leftover from Fleet 2% Cash Back card).

wonder why i am the only one who had to change username too...

perhaps bc my username didnt have any numbers in it?

SUCKISSTAPLES said: wonder why i am the only one who had to change username too...

perhaps bc my username didnt have any numbers in it?Possibly. I also had letters only and was forced to change. Meanwhile, I also put in for some pretty aggressive CLIs, since the system is promising that no hard inquiry will be pulled. Was told that a decision will be made in 5-7 business days.

SUCKISSTAPLES said: did you put in the CLI requests through IBS site or BofA site?I went through B of A. Previous attempts to get CLIs through the MBNA site led me to the long form, which I never bothered to finish in order to avoid a hard pull; with the promise on the B of A site that only a soft would be done, I figured I'd give it a shot.

BTW: As I was typing this post, I got a call from the B of A credit department. Both requests for a CLI were denied. The agent said that my current available credit is already sufficient versus my income, particularly now that the merger has enabled B of A <---> MBNA reallocations.