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Valued Contributor
Posts: 1,998
Registered: ‎03-31-2008
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Approved For BOA Secured Card

[ Edited ]

I sent my application in the mail a week an a half ago i called today to check on the status of the application the rep told me your application is pending because your deposit check has to clear once that happen your card will be mailed.

So i asked her are you saying I'm approved an your just waiting on the check to clear she told me YES after the check clears your card will be mailed.

I really hope this is gonna open the door for a unsecured card with BOA in the near future.



Message Edited by mjbfan79 on 07-24-2008 09:18 AM

Message Edited by mjbfan79 on 07-24-2008 09:19 AM

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Registered: ‎04-08-2008
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Re: Approved For BOA Secured Card

Super Congrats mjbfan!!!!! Smiley Happy
 
BofA's secured card program is absolutely phenomenal.
 
Just make your monthly payments early (worst case, on time)
and the card should graduate to unsecured status in about 9 months.
That's the timeframe that other forum members who've had that card
have shared here in the room.
 
Once the card goes unsecured, look for BofA to increase your limit to $1,000.
Other forum members have reported CLI's of as much as $10,000 within
12-18 months from the date the card goes unsecured.
 
So yes, take GOOD care of that card and all doors will be opened to you.
 
Once again, Congratulations on the new card!!!! Smiley Very Happy
 
 
CanDo
 
"The right attitude is everything"
Regular Contributor
Posts: 247
Registered: ‎02-20-2008
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Re: Approved For BOA Secured Card

BofA secured is a good as it gets!!!! I had an emerging(Coded like secured) card from BOFA, after 6 months it "emerged" and I got a CLI from $500 to $7,500. That was in june and I got a CLI from $7,500 to $10,000 this month so take care of it!
Valued Contributor
Posts: 1,998
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Re: Approved For BOA Secured Card

Thanks to you all.
 
Yes the rep told be they will reevaluate my account once i had the card 9 months for a possible unsecured approval.
 
So do they make your secured card unsecured or do you have to apply for a new card?

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Frequent Contributor
Posts: 356
Registered: ‎10-10-2007
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Re: Approved For BOA Secured Card



mjbfan79 wrote:
Thanks to you all.
 
Yes the rep told be they will reevaluate my account once i had the card 9 months for a possible unsecured approval.
 
So do they make your secured card unsecured or do you have to apply for a new card?


They "unsecure" your existing account (i.e. you keep the same account number) and refund your deposit.  It also then reports as an unsecured revolving account.   Congrats on getting your foot in the door with BoA!
FICO: 8/08 - TU 718; EQ 702; EX 733 (Bonafide 700 club member!)
Next goal: 750s across the board!!
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Posts: 6,026
Registered: ‎09-18-2007
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Re: Approved For BOA Secured Card

Congrats ... Smiley Happy
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Valued Contributor
Posts: 1,998
Registered: ‎03-31-2008
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Re: Approved For BOA Secured Card

Thx again people

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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