topic Re: BofA partially secured (99/500) card early graduation and CLI in Credit Cards

BofA partially secured (99/500) card early graduation and CLI

gulobasito — Fri, 30 Nov 2012 11:34:33 GMT

Hello all,

BofA has just graduated my partially secured CC (aka the 99/500 card), right after the 10th statement cut. They have also increased the credit line to $2,000. I'm assuming this is all with a SP since I did not ask for anything.

I have been using the card quite a bit, especially in the last 5 months – $700 charged per month on average, with a payment every week to bring down the balance to $0.

Hope this will be of use to those of us who went this route for building and rebuilding.

Re: BofA partially secured (99/500) card early graduation and CLI

snowkitty — Fri, 30 Nov 2012 12:01:18 GMT

Congrats!! :catvery-happy: I have one of those too but it's only been opened since August. I can't wait for mine to graduate.....I run through quite a bit and pay weekly like you do. That is a nice limit they gave you!!

Re: BofA partially secured (99/500) card early graduation and CLI

webhopper — Fri, 30 Nov 2012 14:38:42 GMT

gulobasito wrote:
Hello all,

BofA has just graduated my partially secured CC (aka the 99/500 card), right after the 10th statement cut. They have also increased the credit line to $2,000. I'm assuming this is all with a SP since I did not ask for anything.

I have been using the card quite a bit, especially in the last 5 months – $700 charged per month on average, with a payment every week to bring down the balance to $0.

Hope this will be of use to those of us who went this route for building and rebuilding.

This is great news! Congrats on reaping the early fruits of your efforts!

Way to go!

Re: BofA partially secured (99/500) card early graduation and CLI

HiLine — Fri, 30 Nov 2012 16:16:42 GMT

Congratulations! I was going to say it was unusual to 4x the credit limit after graduation, but then I saw you had a card with a near 5k limit already ;)

Re: BofA partially secured (99/500) card early graduation and CLI

Epcot — Fri, 30 Nov 2012 17:31:03 GMT

Nice, that is great news! Congrats. :)

Re: BofA partially secured (99/500) card early graduation and CLI

Unoriginalnj — Mon, 03 Dec 2012 22:24:30 GMT

Anyone have info on this card? Scores needed? Any bad information you had on credit when you applied?

Re: BofA partially secured (99/500) card early graduation and CLI

gulobasito — Mon, 03 Dec 2012 22:41:10 GMT

Unoriginalnj wrote:
Anyone have info on this card? Scores needed? Any bad information you had on credit when you applied?

I had no baddies, no. And no credit history either, since it is the first card I got upon arrival to the US.

From what I have learned in these forums, you cannot apply for this card directly. You can only get it as a counteroffer from BofA after they have denied you a regular CC.

Re: BofA partially secured (99/500) card early graduation and CLI

GABrown — Tue, 04 Dec 2012 03:47:14 GMT

congrats!!! How exciting!!!! Got mine in October and have been paying it down every week as well...I added the Cash Rewards program to it and i love it...I have nothing bad to say about BofA!!!

Re: BofA partially secured (99/500) card early graduation and CLI

Unoriginalnj — Thu, 10 Jan 2013 15:56:11 GMT

Any information on your scores and any derogatory info on your reports? May help others considering the card.