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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' !
@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?
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/
@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.