cancel
Showing results for 
Search instead for 
Did you mean: 

BOFA SECURED HELP

Established Contributor

BOFA SECURED HELP

HELPING A FRIEND REBUILD.  HE APPLIED FOR REGULAR BOFA SECURED.  APPROVED.  

 

QUESTION IS: CAN WE CALL WHEN HE RECEIVES THE CARD AND ADD REWARDS?

 

IS IT 9 MONTHS OR 12 MONTHS FOR UNSECURED.  THE REP SAID ' WHENEVER YOU FEEL YOUR CREDIT HAS IMPROVED GIVE US A CALL TO UNSECURE AND WE WILL PULL YOUR CR' IS THIS TRUE.

 

HE ALSO STATED " HAVE YOU BEEN ON MYFICO.COM?  THIS WEBSITE IS A GREAT WAY TO HELP YOU REBUILD' !

Amex Delta Gold 4.5k Amex HH 2k Amex Green NPSL, AMEX Delta Blue 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 2.5k Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7.5K 7.5K Venture $17K Venture One 12K Quicksilver Visa Siggy 5.5K Citi Shell MC 2k, Total Rewards Visa 5.4K CITI AA Executive WEMC 15.4 Paypal Extras MC 8K, Citi Diamond WEMC 4K Citi DC WEMC 4.5K Citi Hilton Visa Siggy 8k.
Message 1 of 3
2 REPLIES
Blogger

Re: BOFA SECURED HELP


texasman07 wrote:

HELPING A FRIEND REBUILD.  HE APPLIED FOR REGULAR BOFA SECURED.  APPROVED.  

 

QUESTION IS: CAN WE CALL WHEN HE RECEIVES THE CARD AND ADD REWARDS?

 

IS IT 9 MONTHS OR 12 MONTHS FOR UNSECURED.  THE REP SAID ' WHENEVER YOU FEEL YOUR CREDIT HAS IMPROVED GIVE US A CALL TO UNSECURE AND WE WILL PULL YOUR CR' IS THIS TRUE.

 

HE ALSO STATED " HAVE YOU BEEN ON MYFICO.COM?  THIS WEBSITE IS A GREAT WAY TO HELP YOU REBUILD' !


Did you need anyone else to say that? Smiley Wink

 

Answer #1: Yes, if the rewards are not on the card already.

Answer #2: 12 months is the standard, but you can usually request early graduation. I'm not sure if they will pull an inquiry on you - I'm sure someone else can chime in on this.

 

Feel free to check out my experience with BofA's secured card on my blog:

 

http://hiepsfinance.wordpress.com/2012/11/05/personal-finance-101-introduction-to-credit-cards/

http://hiepsfinance.wordpress.com/2013/01/30/bank-of-america-is-awesome/

http://hiepsfinance.wordpress.com/2013/01/01/secured-credit-card-graduation/

 

 

Message 2 of 3
Valued Contributor

Re: BOFA SECURED HELP


texasman07 wrote:

HELPING A FRIEND REBUILD.  HE APPLIED FOR REGULAR BOFA SECURED.  APPROVED.  

 

QUESTION IS: CAN WE CALL WHEN HE RECEIVES THE CARD AND ADD REWARDS?

 

IS IT 9 MONTHS OR 12 MONTHS FOR UNSECURED.  THE REP SAID ' WHENEVER YOU FEEL YOUR CREDIT HAS IMPROVED GIVE US A CALL TO UNSECURE AND WE WILL PULL YOUR CR' IS THIS TRUE.

 

HE ALSO STATED " HAVE YOU BEEN ON MYFICO.COM?  THIS WEBSITE IS A GREAT WAY TO HELP YOU REBUILD' !


congrats on your friend getting approved. It is normally after 12 months that it unsecures. I opened one back in May of last year so im near the anniversary date (May 2nd to be exact). I called today and checked to see if i was eligible for early graduation but wasnt unless i was willing to take a HP (CSR told me i could request a CLI at the same time also). So it will be a HP for early graduation and if your friend wants to increase his collateral deposit (limit) it will also be a HP. I believe you can also call to PC to the cash rewards upon receiving the card.

gardening since 5/21/2016
Message 3 of 3