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BOFA Secured Card

Contributor

BOFA Secured Card

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?


Message 1 of 16
15 REPLIES
Frequent Contributor

Re: BOFA Secured Card


chucky1234 wrote:

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.

EQ: 737 TU: 724 EXP: 739 UTIL at 5%
BK7 8++ years old
Message 2 of 16
Established Contributor

Re: BOFA Secured Card

+1  and good luck

Message 3 of 16
Established Contributor

Re: BOFA Secured Card

Ater 3 months with this card, go to (online or in person) a credit union and apply for an unsecured card.


DCU ( pulled 3/29/13) EQ04 683 | Amex (pulled 3/28/13) EX 760 | US Bank (pulled 3/28/13) EX 753
CreditKarma (4/19/13) TU-TR 701 | TU Vantage 788 | USAA FAKO (3/31/13) EX 728, EQ 699, TU 737 |
Inquiries (4/18/13) EX 13 | EQ 13 | TU 14
Message 4 of 16
Super Contributor

Re: BOFA Secured Card

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




Message 5 of 16
Contributor

Re: BOFA Secured Card

Wanted to share the good news. I just checked on BOFA website online status application and it shows that my application was approved!! Yeaaaa!

Message 6 of 16
Regular Contributor

Re: BOFA Secured Card

Wooo congrats!!!! and right when you get it call and ask for rewards Smiley Happy

Starting: 6/2012 : EX: 485(FAKO) EQ: 490(FICO) Trans: 482(FAKO)
Current : 4/2014: EX: 650(FICO) EQ: 664 (FICO) Trans: 681 (FICO)

Cards: NPSL Amex Green (AU), $11500 Discover IT, $4000 Quicksilver One, $3500 Bank of America Travel Rewards,$3000 Amex BCE,$3000 Quicksilver One, $3000 AA, $2500 Sallie Mae MC, $5000 Citibank AA, $1500 Barclay, $1200 Macys
~Back to the Garden~

Goal Score: 700 Across!

Gardening til 8/2014!!
Message 7 of 16
Contributor

Re: BOFA Secured Card

Sorry what do you mean "Rewards"? Is that another cc or an upgrade from secured to rewards?

Message 8 of 16
Moderator

Re: BOFA Secured Card


chucky1234 wrote:
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.

 

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 9 of 16
Member

Re: BOFA Secured Card

Congrats! 

BOA Secured (12/12) Cap One Secured (01/13)... Projected date FICO score will be generated (06/13)
Message 10 of 16