BBA to BA economics, EC gpa requirements

I did not make BU progression and will not stay in BBA, i applied to transfer into BA economics and the gpa cut-off for your EC courses is a 5.0, i got a 5.00 exactly but when you go to fill-out the form for transferring into economics, it says that it is “competitive” to get in, considering i am still within the range of gpa that is needed to be considered for this program. Is there any risk that i wont get in? What happens if i don’t get into economics? What are my other options pls help