Bank of America Card Cancelled!

[PersonalBanker89]

How do you make your payments? Do you have other relationships with them?

[ADARPegasus]

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@longtimelurker wrote:

If it's closed it will still stay on your report for about 10 years.  No need to leave a balance and pay interest.

BTW: with those scores, why do you have a secured card at all?  Short credit history?

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Yes my credit is coming up on 2 years long my scores are high because my parents have me as a authorized user on there cards so it helps me with cards but i have to make my own solid history

[longtimelurker]

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@Jonbuck06 wrote:

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Thats exactly what i do except i pay like 10k a week on it because when i opened it they said i have to use it alot so it will get graduated in a year to a 10k unsecured limit i dont understand but its not my only secured card if it does get closed ill just leave the balance and pay it monthly so it can extend my history

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10K a week or a month?  ie are you putting 40K through it, and is this "real" or manufactured spend?

[dddewdrop]

  Wow. You do use it dramatically. They must have gotten spooked somehow by you putting so much through it. 

[CREDITSURFER]

Do you bank with BoA or someone else?

[ADARPegasus]

Nope real spending and nope no accounts with them thats probably why there gonna terminate because they cant see the bank account my money is coming from lol and yes i use it alot

[PersonalBanker89]

10,000K a week? and they can def see where it's coming from. Where is it coming from?

[SnackTrader]

How much money do you earn?

What type of transactions were you making?

[09Lexie]

I'm not surprised if it's $10k a week - even though its secured that dollar amount probably sent up red flags

[ADARPegasus]

it verys yearly i own a Scottrade Bank account and im a music manager i own my own music management company!