Reply
Established Member
Dragonslayerjohn
Posts: 13
Registered: ‎10-22-2008
0

B of A secured card posting info

Received a B of A secured card two weeks ago. While speaking with the customer service rep, I asked what day did B of A update, or post, to the CRA's. He said that they update every 3 months. I re-phrased the question to ensure he understood what I meant, and he stated that a lot of people think they report monthly, but actually its' every three months.

 

This sounds odd. So I'm seeking comments and input from the masses.

 

Thanks.

Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
0

Re: B of A secured card posting info

Well, unless there's something really peculiar about the secured card, I know that BofA updates regular cards every month, on the statement date. And it's really an update, not just a report, because I had a BT, and each month, the balance dropped.

As a rule, CSR's are clueless about such things, but most seem incapable of saying "I don't know."

I'll make way for those who've had their secured card.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007
0

Re: B of A secured card posting info

My partially secured (99/500), while secured, updated each monthly religiously.
Moderator Emerita
LilMirth
Posts: 3,091
Registered: ‎08-09-2008
0

Re: B of A secured card posting info

+1

 

And to add to that, when I had a fully secured card, BoA updated monthly. The CSR doesn't know what he's talking about.


llecs wrote:
My partially secured (99/500), while secured, updated each monthly religiously.

 

-------------------------------------------


Friendly, Supportive & Respectful


Understanding Your FICO Score  |  Credit Scoring 101  |  Common Abbreviations  |  FTC: FCRA Links  |  FTC: FDCPA Links  |  Opt-Out  |  State Resources


"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli

Established Contributor
fender
Posts: 709
Registered: ‎04-20-2008
0

Re: B of A secured card posting info

My partially secured visa updates monthly as well.
"WTB Access Number"
Senior Contributor
UpUpUp
Posts: 3,017
Registered: ‎06-03-2008
0

Re: B of A secured card posting info

That guy doesn't seem to have a clue. Mine updated every month also.
Established Contributor
contractor
Posts: 697
Registered: ‎03-09-2008
0

Re: B of A secured card posting info

Ditto w/ fully secured here.

 

 

/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\

"No good deed goes unpunished"




There is nothing more simple, nothing more complex than the relationship between Country Boy and Dog.
New Contributor
creditcrap
Posts: 65
Registered: ‎10-01-2008
0

Re: B of A secured card posting info

Hello everyone 

I have a boa secured too and I can tell you that I m positive it reports to the credit bureaus at least 'experian' every month. To be specific it reports a day after your statement closing date.

HEY contractor, your card did not upgrade yet !!?

Established Contributor
contractor
Posts: 697
Registered: ‎03-09-2008
0

Re: B of A secured card posting info

[ Edited ]

creditcrap wrote:

HEY contractor, your card did not upgrade yet !!?


No, grumble-grumble, it hasn't. I got my 10th statement in mail today. To be specific though, the first statement was only for one (1) day, so I'm assuming it didn't count. I coy-ly sent this yesterday via the website mail.

Message text: I am curious as to how one goes about becoming "unsecured"
for lack of a better term. I have had the secured account since March
and was hoping that it would someday become a regular account as is
alluded to in your account information. Thanks in advance for any info.
I really, really like the website; it makes everything easy.
Contractor

 

(Note cheesy butt-kissing) They replied with this today.

 

Dear Contractor,

Thank you for your inquiry dated 12/30/08 regarding a secured card. We
are happy to assist you.

The Secured Card program is designed to take nine months to be
successfully completed. The nine months involve close monitoring of your
usage and payment patterns with the card. At the end of the ninth month,
you may contact us to review your account. If the overall account
management meets the criteria at that time, your account is graduated to
an unsecured credit card account. The proceeds from the secured account
are then mailed to you.

We value you as a customer and appreciate your business. If we may be of
further assistance, please contact us again by e-mail. Thank you for
choosing Bank of America.

Sincerely,
Danielle XXXXXXX, Bank of America

 

Umm....excuse me, I am contacting you and it has been nine months. DUH. I guess they want the personal touch of a phone call. I'm just dreading it, I kiss-up better in writing, difficult to be sincere sounding on the phone. LOL. Should I call or wait them out?

Opinions.

Message Edited by contractor on 12-31-2008 02:16 PM
/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\

"No good deed goes unpunished"




There is nothing more simple, nothing more complex than the relationship between Country Boy and Dog.
New Contributor
creditcrap
Posts: 65
Registered: ‎10-01-2008
0

Re: B of A secured card posting info

Well you re getting close ! Hopefully very soon it will unsecure.

mine has a credit line of  $800

I use it at least 18 to 24 times a month charging around 200 to 250 but I usually pay before the statement cut and I keep around 50 to $60 as a balance, and pay the rest in full by the due date.

I wonder if boa likes high usage like crap1 cause if not I m in trouble !!!


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+