12-14-2012 09:20 AM
@HiLine: no my credit report doesnt show an extra credit card account. the payment hist etc appears the same. just my credit limit has increased and doesnt show as "secured" anymore. they updated the reports within 2 days instead waiting until my statement closed again
I'd heard from this thread: http://ficoforums.myfico.com/t5/Credit-Cards/Opening-Secure-cards-to-rebuild-credit/m-p/1716738#M477... that the bank would close your secured account and open a new, unsecured account. Thanks for sharing a contrasting experience
12-14-2012 11:55 AM
i'm not sure if root had that personally happen, but when the card unsecures all that happens is the "secured" is dropped and all the history remains. The only reason a new account would pop up is if you closed the secured and opened a brand new unsecured account-graduation by itself does not begin a new account history(unless somebody at BOA screwed up-hey it happens)
04-30-2013 09:08 AM
Bumping this thread because I was approved for this offer. I tried to go the unsecured route, but was given this choice instead. I'm actually quite happy with that as I wasn't sure the 99/500 was still available I would have had to go the 300/300 route. I'll let you know all know how it goes, as I should be receiving this card in about 7-10 days....by the way, current credit score is 638 EQ, 670 EX, 680 TU. I've had a Cap1 $300 secured for 3 years, have not missed a payment. Good luck to everyone on your credit goals.
04-30-2013 09:32 AM - edited 04-30-2013 03:16 PM
ive had mine for 2 months and use it heavy, i pay daily/weekly to have low balance once statement is posted, around $25. I hope this shows them i need a higher CL. I use it heavy for the cash back rewards. Im a happy BoA customer since 2006.
05-07-2013 07:13 PM
Update: Got this card in the mail today
I signed up for it at a branch last Monday, so the total time was 8 days, in case anyone wants to know how long it takes to receive a card. Will update when I graduate.
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.