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Posts: 3,360
Registered: ‎10-19-2012
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Re: Bank of America 99/500 Experiences


jsnlwrnc wrote:

@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 Smiley Happy

 

Established Contributor
Posts: 599
Registered: ‎03-10-2012
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Re: Bank of America 99/500 Experiences

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)

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
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Valued Member
Posts: 52
Registered: ‎12-11-2012
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Re: Bank of America 99/500 Experiences

@HiLine: Oh no worries. But yea i definately have the same account

New Member
Posts: 4
Registered: ‎07-18-2010
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Re: Bank of America 99/500 Experiences

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. Smiley Happy Good luck to everyone on your credit goals.


Starting Score(7/18/10): TU 574 EQ 546
Current Score: TU 685 EQ 653
Goal Score(by 12/31/13): TU 700 EQ 700

CARDS: CAP1 $300, BOA $500

Frequent Contributor
Posts: 303
Registered: ‎04-22-2013
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Re: Bank of America 99/500 Experiences

[ Edited ]

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.



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FICO EQ (670) 9/6, TUwalmart (725) 11/4, Discover FICO (725) 11/19, AMEX EX Pull (728) 11/29
GOAL: 750 with all
New Member
Posts: 4
Registered: ‎07-18-2010
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Re: Bank of America 99/500 Experiences

Update: Got this card in the mail today Smiley Happy 

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. 


Starting Score(7/18/10): TU 574 EQ 546
Current Score: TU 685 EQ 653
Goal Score(by 12/31/13): TU 700 EQ 700

CARDS: CAP1 $300, BOA $500

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