Credit Card Center Advertiser Disclosure†
12-11-2012 06:15 PM
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 :-)
12-11-2012 08:23 PM
Was it a soft pull?
12-11-2012 09:57 PM
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!
12-12-2012 07:06 AM
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.
12-12-2012 07:11 AM
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.
12-12-2012 11:54 AM - edited 12-12-2012 11:55 AM
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.
12-12-2012 09:17 PM
@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.
12-13-2012 01:01 AM - edited 12-13-2012 01:02 AM
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.