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Valued Member
Posts: 56
Registered: ‎09-30-2016

BofA Partially secured card APPROVAL!!

I had forgot all about this card application. I applied for a regular card a while ago and was denied but offered the partially secured card (Which I found out about browsing through these forums btw). So anyways I noticed BofA deducted $99 from my savings account which had me like huh??? So today I called and te rep told me I was approved and I'd have my card in 7-10 business day or even sooner. 

 

So can those that have had this or has this card give me a little insight on what to expect?

I've read about PCing this card like people do with capital one cards. 

Is that really possible with this card after having it for a couple of months?

Can you request CLI on this card?

 

Thanks in advance for any and all advice...

 

 

Current Scores TU: 634 EQ: 620 EX: 571
Established Contributor
Posts: 809
Registered: ‎01-18-2017

Re: BofA Partially secured card APPROVAL!!

Congrats! 

 

I would say to expect it to be partially secured for up to twelve months; however, BofA is known to unsecure it sooner, sometimes at nine months.  

 

Once the card is unsecured you should be able to PC it to another product (not sure if you can PC to Betrer Balance Rewards though). In the meantime, I would call them to see if they will add Cash Rewards to the card so that you may earn rewards. I believe this is an option, someone correct me if I am wrong.

 

I do not believe you are able to request a CLI while it is partially secured. But once it is unsecured, and the "Request Credit Limit Increase" link appers on your online banking page, you may certainly request a CLI. It will likely end in a hard pull on TU but it can be worth it if your credit profile warrants an increase. 


Senior Contributor
Posts: 9,292
Registered: ‎04-23-2016
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Re: BofA Partially secured card APPROVAL!!

Congrats on a great pickup. Hear this card will lead to better things with BoaSmiley Happy
Established Contributor
Posts: 664
Registered: ‎05-22-2015
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Re: BofA Partially secured card APPROVAL!!

I applied for a BOA card too. I was denied and countered with 99/500 secured. I accidentally logged off. Will I be able to get this offer back if I called? Will I receive the counteroffer in the mail? I don't bank with BOA.
Established Member
Posts: 18
Registered: ‎11-05-2016
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Re: BofA Partially secured card APPROVAL!!

[ Edited ]

My help/comment was not needed

Valued Contributor
Posts: 1,795
Registered: ‎02-16-2016
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Re: BofA Partially secured card APPROVAL!!


CO_NATIVE wrote:

Congrats! 

 

I would say to expect it to be partially secured for up to twelve months; however, BofA is known to unsecure it sooner, sometimes at nine months.  

 

Once the card is unsecured you should be able to PC it to another product (not sure if you can PC to Betrer Balance Rewards though). In the meantime, I would call them to see if they will add Cash Rewards to the card so that you may earn rewards. I believe this is an option, someone correct me if I am wrong.

 

I do not believe you are able to request a CLI while it is partially secured. But once it is unsecured, and the "Request Credit Limit Increase" link appers on your online banking page, you may certainly request a CLI. It will likely end in a hard pull on TU but it can be worth it if your credit profile warrants an increase. 


When the card is ready to unsecure, the "request credit line increase" link will appear. This can be as early as FIVE months (it was for me)

 

Generally, at that point, you will unsecure, and get a CLI.   You should definitely call BOA and have the add the cash rewards to the card though.. 

Chasex3/PenFedx3/NFCUx2/BofA/BMO/AMEX x5(4 revolvers +Platinum)/CapOnex2/DCU/Blispay/Cabelas/BBVA/BB&T/HSBC/Atira/Commerce Bank/State Farm Visa........I have them all. Except Barclays. They suck. And Sync. They suck worse! And Citi,, because I Have 9,000 Inq.
In the 520-530 range in 12/2015.... Currently EQ747/TU758/EX744
NFCU & PenFed are my best friends!!

In 3/2016 I had a $1800 fully secured CapOne QS. And that was it.. Current CL $221,000 (plus my auto and RV loans)
Valued Member
Posts: 56
Registered: ‎09-30-2016
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Re: BofA Partially secured card APPROVAL!!

I just got the card and it's the cash rewards... 3% back on gas and a couple others... Cool...
Current Scores TU: 634 EQ: 620 EX: 571
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Valued Member
Posts: 56
Registered: ‎09-30-2016

Re: BofA Partially secured card APPROVAL!!

@JDANA I received a letter in the mail for it after I was countered... Just had to send in a check.
Current Scores TU: 634 EQ: 620 EX: 571
Regular Contributor
Posts: 133
Registered: ‎09-15-2016
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Re: BofA Partially secured card APPROVAL!!

I didn't have the 99/500 card, but I did have a $300 secured BofA card, called yesterday and they unsecured it after 5 months.  Got an auto cli with it and then requested more and got what I requested.  Calling today to have the rewards added to it.  

Starting Scores: 09.03.16
EQ: 569 TU: 591 EX: 570

Current Scores:
EQ: 674 TU: 730 EX: 679
Established Contributor
Posts: 664
Registered: ‎05-22-2015
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Re: BofA Partially secured card APPROVAL!!


LostInCreditSpace wrote:
@JDANA I received a letter in the mail for it after I was countered... Just had to send in a check.

Thanks. I'll go for it. I finally closed the darn Wells Fargo card that graduated from a secured card. I had the card 36 months and they refused to give me a CLI. My limit was $500.Smiley Frustrated

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