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Approved for BOA Power Rewards Visa SECURED

Established Contributor

Re: Approved for BOA Power Rewards Visa SECURED

So if anyone was interested here is the follow up.  I received my card about 3-4 business days after I applied.  Looks and acts just like the regular power rewards card.  50.00$ statement credit after I make my first transaction of 50.00$ or more.  3x Bonus points for every dollar spent for the first few months! Awesome. I can't believe I have a secured card with all the benefits of the unsecured.  Im really happy so far. I hope this next year with the card is good.

Amex Delta Gold 1.5K Amex HH 2k Amex PRG NPSL, AMEX BCE 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 16.5K Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7K Gap Visa $8.5K; Walmart MasterCard 7.5K Sam's Club MC 9.5K Venture $15K Venture One 10K Quicksilver Visa Siggy 5K, Citi Shell MC 2k, Total Rewards Visa 4.2K Fuel Rewards MC 3K CITI AA Gold WEMC 8.4K Paypal Extras MC 8K, Citi Diamond WEMC 3.5K, Cit DC WEMC 3k, Citi Hilton Visa Siggy 8k.
Valued Contributor

Re: Approved for BOA Power Rewards Visa SECURED

 


texasman07 wrote:

So if anyone was interested here is the follow up.  I received my card about 3-4 business days after I applied.  Looks and acts just like the regular power rewards card.  50.00$ statement credit after I make my first transaction of 50.00$ or more.  3x Bonus points for every dollar spent for the first few months! Awesome. I can't believe I have a secured card with all the benefits of the unsecured.  Im really happy so far. I hope this next year with the card is good.


 

I don't know if BofA crafted a deal for you or if you had a special promotion or was it just a typo but. BofA site says 3x bonus points only on Gas, Groceries & Drugstores.

 

The only downside of a BofA secured is that they report it as fully secured to CBs. I know FICO scoring doesn't account for it, but a manual review (if needed) may.

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Valued Contributor

Re: Approved for BOA Power Rewards Visa SECURED

Where on the CR would it say secured? I checked my Experian report and I didn't see it mentioned anywhere.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


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Established Contributor

Re: Approved for BOA Power Rewards Visa SECURED

sorry yea! it was a typo

 

Just 3x on gas and groceries......etc.

 

Im not applying for credit in the next year so if it says SECURED for a year wont bother me one bit.

 

 

I didnt see it on my experian report as SECURED just on TU and EQUIFAX

Amex Delta Gold 1.5K Amex HH 2k Amex PRG NPSL, AMEX BCE 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 16.5K Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7K Gap Visa $8.5K; Walmart MasterCard 7.5K Sam's Club MC 9.5K Venture $15K Venture One 10K Quicksilver Visa Siggy 5K, Citi Shell MC 2k, Total Rewards Visa 4.2K Fuel Rewards MC 3K CITI AA Gold WEMC 8.4K Paypal Extras MC 8K, Citi Diamond WEMC 3.5K, Cit DC WEMC 3k, Citi Hilton Visa Siggy 8k.
Valued Contributor

Re: Approved for BOA Power Rewards Visa SECURED

I use monitoring from experian and the report in that used to say fully secured. Can't check anymore as its no longer secured.

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Regular Contributor

Re: Approved for BOA Power Rewards Visa SECURED

If they offer you the secured card do they give you time to think about it.

Established Contributor

Re: Approved for BOA Power Rewards Visa SECURED

YES. I had 60 days to consider the offer.

Amex Delta Gold 1.5K Amex HH 2k Amex PRG NPSL, AMEX BCE 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 16.5K Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7K Gap Visa $8.5K; Walmart MasterCard 7.5K Sam's Club MC 9.5K Venture $15K Venture One 10K Quicksilver Visa Siggy 5K, Citi Shell MC 2k, Total Rewards Visa 4.2K Fuel Rewards MC 3K CITI AA Gold WEMC 8.4K Paypal Extras MC 8K, Citi Diamond WEMC 3.5K, Cit DC WEMC 3k, Citi Hilton Visa Siggy 8k.
Established Contributor

Re: Approved for BOA Power Rewards Visa SECURED

Hey everyone, I just wanted to give out some information for those who want it.  SInce i have had this card I have been very pleased with its services except for one which is CSR's.  Okay so if you calll your number on the back of the card, but you have questions about your "SECURED" features there is another number you need to call. The CSR's number on the back of your card dont know anything about the Secured Card. Its like a differrent language or something. So here is the number to the secured department 1-888-260-4696 They are only open Monday Thru Friday from 8 to 5 EST. 

 

Now Second, if you want to increase your CL by adding funds to your secured deposit, call the number above and it is immediately withdrawn from your BOA checking or savings and the CL is available within 15 minutes!! Awesome!

 

If you call the regular number, again, they have no clue and will tell you to make a payment to increase your available credit. WRONG! Thats not why u called. 

 

Good luck everyone.

Amex Delta Gold 1.5K Amex HH 2k Amex PRG NPSL, AMEX BCE 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 16.5K Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7K Gap Visa $8.5K; Walmart MasterCard 7.5K Sam's Club MC 9.5K Venture $15K Venture One 10K Quicksilver Visa Siggy 5K, Citi Shell MC 2k, Total Rewards Visa 4.2K Fuel Rewards MC 3K CITI AA Gold WEMC 8.4K Paypal Extras MC 8K, Citi Diamond WEMC 3.5K, Cit DC WEMC 3k, Citi Hilton Visa Siggy 8k.
Valued Contributor

Re: Approved for BOA Power Rewards Visa SECURED

Is there an additional hard pull when trying to add funds?

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


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Established Contributor

Re: Approved for BOA Power Rewards Visa SECURED

I seriously thought there was from what one of the CSR's told me. Again they know nothing. But I checked all my reports today and nothing! I made 2 additions in the past week. All have been approved. I know they do soft.

Amex Delta Gold 1.5K Amex HH 2k Amex PRG NPSL, AMEX BCE 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 16.5K Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7K Gap Visa $8.5K; Walmart MasterCard 7.5K Sam's Club MC 9.5K Venture $15K Venture One 10K Quicksilver Visa Siggy 5K, Citi Shell MC 2k, Total Rewards Visa 4.2K Fuel Rewards MC 3K CITI AA Gold WEMC 8.4K Paypal Extras MC 8K, Citi Diamond WEMC 3.5K, Cit DC WEMC 3k, Citi Hilton Visa Siggy 8k.