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Established Contributor
Posts: 638
Registered: ‎02-17-2011
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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 $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart MasterCard $5,300.00; Sam's Club Mastercard $8500.00; Barclay's Rewards MC $3700; CITIBank Dividend Platinum $300.00 CL; AMEX PRG NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays AA Red Aviator MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL; Chase Freedom Visa $3,500; Venture $15,000; Venture One $10,000.

Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011
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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.

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Valued Contributor
Posts: 1,310
Registered: ‎04-06-2011
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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 734 11/2012 (PSECU), TU98 695 9/2012
Goal Score: 725+ across the board


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Established Contributor
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Registered: ‎02-17-2011
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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 $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart MasterCard $5,300.00; Sam's Club Mastercard $8500.00; Barclay's Rewards MC $3700; CITIBank Dividend Platinum $300.00 CL; AMEX PRG NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays AA Red Aviator MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL; Chase Freedom Visa $3,500; Venture $15,000; Venture One $10,000.

Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011
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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.

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Regular Contributor
Posts: 151
Registered: ‎06-09-2009
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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
Posts: 638
Registered: ‎02-17-2011
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Re: Approved for BOA Power Rewards Visa SECURED

YES. I had 60 days to consider the offer.

Amex Delta Gold $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart MasterCard $5,300.00; Sam's Club Mastercard $8500.00; Barclay's Rewards MC $3700; CITIBank Dividend Platinum $300.00 CL; AMEX PRG NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays AA Red Aviator MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL; Chase Freedom Visa $3,500; Venture $15,000; Venture One $10,000.

Established Contributor
Posts: 638
Registered: ‎02-17-2011
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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 $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart MasterCard $5,300.00; Sam's Club Mastercard $8500.00; Barclay's Rewards MC $3700; CITIBank Dividend Platinum $300.00 CL; AMEX PRG NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays AA Red Aviator MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL; Chase Freedom Visa $3,500; Venture $15,000; Venture One $10,000.

Valued Contributor
Posts: 1,310
Registered: ‎04-06-2011
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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 734 11/2012 (PSECU), TU98 695 9/2012
Goal Score: 725+ across the board


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Established Contributor
Posts: 638
Registered: ‎02-17-2011
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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 $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart MasterCard $5,300.00; Sam's Club Mastercard $8500.00; Barclay's Rewards MC $3700; CITIBank Dividend Platinum $300.00 CL; AMEX PRG NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays AA Red Aviator MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL; Chase Freedom Visa $3,500; Venture $15,000; Venture One $10,000.

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