Reply
Contributor
Posts: 118
Registered: ‎12-04-2008
0

BOA Secured Card

Hello all,

 

General consesus of the board tells me to go wtih BOA secured

 

So today I opened a BOA checking account and Friday I am going to close my TD bank account because they do not offer secured cards

 

I have a chargeoff and 5 collections from 2004

 

In the past 4 months I have opened a First Premier card as well as Crown Jewlers and my score has jumped from around 500 to now around 600 (590-610)

 

My question is will BOA approve me for a secured card with a FICO around 600? Is it easy to get?

 

Thanks

Valued Contributor
Posts: 1,702
Registered: ‎08-18-2007
0

Re: BOA Secured Card

Hi Richie

 

Although nothing is guaranteed and people have been denied even a secured card, in your particular situation, I think you will indeed get the secured card.

 

HTH

Contributor
Posts: 118
Registered: ‎12-04-2008
0

Re: BOA Secured Card

Thanks oracles

 

Once I get the BOA secured I am done

 

I will let my 3 TL's re-establish my credit and hopefully show the big boys that I am now credit worthy.

 

With all my baddies from 2004 I am so shocked that the 2 TL's (when I get BOA it will be 3) I currently have jumped my score that much...

 

 

 

Established Contributor
Posts: 805
Registered: ‎02-01-2008
0

Re: BOA Secured Card

I was approved for a standard BoA secured card that opened last March (2008).  My scores were all rather low (high 400s to low 500s) but I had banked with them for a while and my accounts had been in good standing for over 6 months.  I had several charge offs, 4 collections, and one account (maybe 2 if my CJ account had hit yet) in good standing.

 

I got the plain secured card, with a $300 limit - and after calling last week it was graduated and CLI'd to $800 Smiley Happy

 

Good luck to you, I think you'll get it, but ya never know.

Start 2/2008: TU 495 || EX 539 || EQ 528
Now 5/2013: TU 716 || EX ??? || EQ 702

Slate: $5000 Simplicity: $5000 David's Bridal: $3500 SW Chase: $3000 FNBO: $3000 Barclay NFL: $2500 BofA: $2400 Discover IT: $1700 Walmart: $1500 Victoria's Secret: $1000 Cap1: $750 Amex Zync: NPSL
(2 derogs to go until I'm squeaky clean in 2014!)
Frequent Contributor
Posts: 488
Registered: ‎04-09-2008
0

Re: BOA Secured Card

BoA use to has a good secured card program.
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
0

Re: BOA Secured Card

BOA has a preapproaval page on the website. Go there and enter the information and see if they have any card offferings for you. It does not cost a hard inq for you. Some times if you apply for the regular card and if you do not qualify for it then they would offer you either 99/500 card or full secured card. There are options to explore. You could also try for Nordstrom Store card which could turn into Visa in 6 months.
Highlighted
Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
0

Re: BOA Secured Card

Do realize that the BofA website will soft your EQ, and when you apply for real, they will probably pull EX and possibly TU in addition.

So if your EQ and EX reports are substantially different, as in number/ severity of baddies on them, the pre-approval site might not work for you.
* 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
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.