04-16-2013 07:09 AM
Just applied online for the BOFA secured card. I received the following "The application is still under review". Is this a good or bad sign? Any back door number I can call?
I think you got it, unless you have burned BOFA in the past.
04-16-2013 07:14 AM
Ater 3 months with this card, go to (online or in person) a credit union and apply for an unsecured card.
04-16-2013 07:40 AM
In my opinion, BOA tends to be very forgiving.
I had 3 cards with them and burn them somehow. By burn, I mean that I was late on all 3, my interest went sky high and I had them close all 3 in order to be able to secure s 2% APR on a payment plan. Granted I paid all these cards off in full, Ithought they might be mad since they didn't make much $$ off me.
For about 5 years, they denied me anything I applied for; even a secure card. But last year, I applied for the Privileges card and was approved for a good CL. Even though, the credit analyst mentioned that I was late back in 2006-2007 on these cards, the payment plans etc, they gave it to me. I thought they would never approve me.
If you havent burnt them bad in the last couple of years, I would say you're good to go. But as usual YMMV. Good luck
04-16-2013 08:26 AM
Wooo congrats!!!! and right when you get it call and ask for rewards
04-16-2013 08:55 AM
Sorry what do you mean "Rewards"? Is that another cc or an upgrade from secured to rewards?
BOFA will tack on a rewards package to their secured product these days. Generally it's the 1-2-3 cash rewards card, though theoretically I think you could do the points one if you really wanted to.
In any event, just call them and ask for it, the addition of the rewards package is what makes arguably the best secured product out there.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.