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Member
Posts: 10
Registered: ‎12-05-2012
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Re: BOA Secured Card Early Graduation!!!! FINALLY.

I had a secured card for $300. Last year I requested to have my account changed to an unsecured account. I was told that I didnt qualify and that was that. Yesterday I came across this post and decided to call. At first I did a chat with customer service and their only option was to close the account and apply for a unsecured. I wasnt conviced so I called the secured dept and I got the status changed to unsecured, CLI to 500 and the 300 returned to my account within 24-48 hrs. (i have the money and my account shows the 500.00. Also I received a call today stating that I have the status changed. All in all very happy that I am changed from secured to secure. They did a hard pull for all agencies

USAA EX 640 TU 667 EQ 667
Established Contributor
Posts: 599
Registered: ‎03-10-2012
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Re: BOA Secured Card Early Graduation!!!! FINALLY.

grats to the grads.

 

as long as your reports stay clean, theyre pretty good with CLI's in my experience. I got graduated in june @ 10 months, request a cli in early july from 1.2K to 3K, and then again near the end of october 3k to 6k(instant approved). Both times(although hardpulls) it became my highest limit card. 

 

Also got my annual fee removed last month; theyd already waived it for a year in september but now its truly gone. They like to give you grief about it, but if you find the right analyst you can get it removed.

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Established Contributor
Posts: 712
Registered: ‎04-20-2012
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Re: BOA Secured Card Early Graduation!!!! FINALLY.

I wonder what my odds are of getting an early graduation in Febuary 2013, cuz by then i'll have the account for slightly over 6 months.

Discover IT TU Score: 739 as of 4/20/14 | TU Score as of 1/5/14 - 710 | EQ Score as of 1/5/14 - 748 | Ex Score as of 1/5/14 - 728

Capital One QuickSilver MC $4.5K | Amazon $1.8K (CLOSED) | Walmart $5K | Paypal SC w/Debit card $5K (CLOSED) | BOA 123 Cash Rewards Sig $5K | BOA BBR $1K | Discover IT $13K | AMEX Sr Green Charge (NPSL) | PNC CashBuilder $1.5K | Paypal Extras MC $6k | PNC Auto Loan $20,038.75 | AMEX SimplyCash Biz CC $3k | BOA Cash Rewards Biz CC $3.5K | Chase Freedom $4.5K | CapOne Spark BIZ Cash Select Visa Sig $5k | AMEX SimplyCash Biz CC $10k (LLC) | AMEX Everyday $2k |
Established Contributor
Posts: 599
Registered: ‎03-10-2012
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Re: BOA Secured Card Early Graduation!!!! FINALLY.

i don't know of anyone graduating before 9 or 10 months.

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Established Contributor
Posts: 573
Registered: ‎02-12-2011
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Re: BOA Secured Card Early Graduation!!!! FINALLY.

Errrrr I want this card. I may just try for the $300 one instead of $1k like I originally planned just to get rolling. Hmmm.



Starting Score: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


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Established Member
Posts: 17
Registered: ‎08-25-2012
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Re: BOA Secured Card Early Graduation!!!! FINALLY.

I just graduated at 7 months.  I initiated the call and took a hard pull for it, though.  CL stays at $800.  From what I can see they only pulled TU.  Got to update the spade status now, though... :smileysad:


Starting Score: 608 (7/29/12 TU), 615 (7/29/12 EQ), EX ???
Current Score: 690 (12/29/12 TU), 650 (12/16/12 EQ)
Goal Score: 700+ by 7/2014


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Regular Contributor
Posts: 217
Registered: ‎09-25-2012
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Re: BOA Secured Card Early Graduation!!!! FINALLY.

Does the card graduates to your choosing of cards?
TU 746 (10/13)
GOAL: 750+






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Posts: 11,150
Registered: ‎12-30-2011
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Re: BOA Secured Card Early Graduation!!!! FINALLY.


Tran92 wrote:
Does the card graduates to your choosing of cards?

No, it simply unsecures.  Any other change would be considered under BOFA's PC guidelines.  

 

If you have the non-reward version, it simply graduates to the usual platinum or whatever the base card is these days.  If you have the 1-2-3 rewards package of either type on it, it graduates to that specific one.  Since it's trivial to add the rewards package anyway, I'd highly recommend anyone that hasn't done that already to do so anyway.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Valued Contributor
Posts: 2,052
Registered: ‎06-16-2012
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Re: BOA Secured Card Early Graduation!!!! FINALLY.

geez, i am so tempted to take the hard pull to see if i can convert it to an unsecured card....:smileyfrustrated: My 8th month statement just cut yesterday...but i have been in the garden so i will be hurting my credit taking the hit...(if they pull TU it wil not be bad, have 6 INQ in the last 2 years there. but if they pull EXP then i will be screwed, have 18 INQs in the last 2 years there).

Cards: (Chase x8) (Citi x6) (Amex x6) (BofA x3) (US Bank x3) (Barclays x4) (WF x2) (Cap1 x4) (Synch x4) (Penfed x2) (Macys Amex, Discover, USAA, Fidelity, NASA x1), PLOC: Citi (18k) WF (10k), Personal Loan: USAA (25K), Auto Loans: Ally, Audi Financial.
Established Member
Posts: 17
Registered: ‎08-25-2012
0

Re: BOA Secured Card Early Graduation!!!! FINALLY.


dodgerslv wrote:

geez, i am so tempted to take the hard pull to see if i can convert it to an unsecured card....:smileyfrustrated: My 8th month statement just cut yesterday...but i have been in the garden so i will be hurting my credit taking the hit...(if they pull TU it wil not be bad, have 6 INQ in the last 2 years there. but if they pull EXP then i will be screwed, have 18 INQs in the last 2 years there).


Yeah, this was a strange decision for me, too.  My decision was if a HP was worth the chance of $800 in collateral return and losing the "SECURED" tag on the credit reports.  I knew full well this was a negative (but hopefully very small) hit to FICO.  Fortunately, it was approved and I got the cash back.  FICO impact will be hard to measure, as I'm using that $800 to pay down balances (positive FICO effect).  My reported balances are in total flux right now, I am not going to know what kind of FICO hit the single HP gives.

 

I got what I wanted here, which was the cash.  I am happy with that.


Starting Score: 608 (7/29/12 TU), 615 (7/29/12 EQ), EX ???
Current Score: 690 (12/29/12 TU), 650 (12/16/12 EQ)
Goal Score: 700+ by 7/2014


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