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Bank of America 99/500 Experiences

Valued Member

Bank of America 99/500 Experiences

My Bank of America 99/500 card's 5th statement closed today so I called a credit specialist this morning to see if could be unsecured! Believe it or not... it was! I made this forum to see/learn about other peoples experience  and questions with their 99/500 card. HOPEFULLY someone responds :-)

Message 1 of 26
25 REPLIES
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Frequent Contributor

Re: Bank of America 99/500 Experiences

Was it a soft pull?

Fico Scores:800+Club

Marvel MC 25K AMEX BCE 18K AMEX Blue Sky 13.6K AMEX BCE 13.5K AMEX Zync
NPSL(AU) Citi Double Cash 14.5K PenFed Plat Rewards 14.5K Citi Forward 10.3k Discover it 9.5K Wells Fargo Cash Back 7.2K BankAmericard Better Balance $700 Chase Freedom $500 Capital One Quicksilver $6K Capital One Platinum (AU) $500 Capital One Secured Card (AU) $251(Closed) PenFed PLOC 14K
PenFed Promise 5K
Message 2 of 26
Valued Contributor

Re: Bank of America 99/500 Experiences


CreditChampion wrote:

Was it a soft pull?


I wanna know also cuz i have secured card with them that i opened back in May. Been very good with it!

gardening since 5/21/2016
Message 3 of 26
Valued Member

Re: Bank of America 99/500 Experiences

Thats a great question. The rep advised me that it will be another hard pull. There was a hard pull when i originally applied for the unsecured card first. Then there was a hard pull when i applied to the counter offer for the 99/500.Those were both only on Xperian. i checked my email this morning and was alerted that there was an inquiry on my Transunion. So far no inquiry on Equifax or Experian and none of the credit bureaus have been updated with my new credit line nor has "secured" been removed.

Message 4 of 26
Valued Member

Re: Bank of America 99/500 Experiences

When i first opened my 99/500 i was told by a rep on the phone and also at a branch to use the card heavily and pay in full each month, so i have. Ive pretended basically that i was using my BoA debit card. In the past 5 months Ive accumulated $83 in cash back and spent close to $7k.

Message 5 of 26
Contributor

Re: Bank of America 99/500 Experiences

I used the fully secured BoA card in 2009 with a $500 deposite for a $500 limit, after a repo and completey tanking my credit to a score of 433. I didnt even know scores went that low! It graduated to unsecure 9 monthes later when I called to request it be done. I was also given a CLI to 1,000.

 

Fast forward to 2012, after hitting the CLI button each year since 2010 I have built my BoA original card to 7500 and just got the  new Privileges Cash back(I think thats what its called) with a 10k initial limit. This on top of a Citi NPSL and REI Visa at 6k.

 

This is a great program they have for rebuilding. Use it wisely and it will reap huge benefits for you and your score. It just takes being on time every time, keeping low balances and patience.

 

I dont remember if it was a hard or soft pull when it graduated. It didnt matter, I didnt care. I just wanted to keep moving forward.

 

 

Message 6 of 26
New Contributor

Re: Bank of America 99/500 Experiences

i got this card in October..just curious...was it unsecured with a CLI as well?
Message 7 of 26
Valued Member

Re: Bank of America 99/500 Experiences

@ Little cat: thats amazing! That encourages me to keep chugging along at it! Although I have no need for credit limits that large, it would be wonderful to have!

Message 8 of 26
Valued Member

Re: Bank of America 99/500 Experiences

@GA Brown: Yes it was unsecured. My credit limit went from $500 to $1500. (I requested $1500 to be modest...when i hung up i said dang i shouldve ask for $2k! LoL). Plus they are sending my $99 deposit back in about 7 business days and i get to keep the 123 cash back. Unfortunately i,ll still have the annual fee. The rep told me if i keep in the right direction that i can request to have the Annual fee permanately removed.

Message 9 of 26
Established Member

Re: Bank of America 99/500 Experiences

Consistent experience here: got the 99/500 in January and used it heavily in the last 6 months (one payment a week to bring the balance down to $0). The card got unsecured 2 weeks ago, with an auto-CLI to $2k AND the AF waived permanently :-)
FICO scores: EQ 750 (Jul 2012)
Wallet: BofA Cash Rewards $2k, BofA Travel Rewards $7.5k, Discover It $5k, Amex Zync NPSL
Status: Attending to the garden.
Message 10 of 26