Yeah, I asked about it once, they said they had to since the original terms would be changing. I think it is pretty harsh, but if the card grows long-term, I'll take that trade-off.
Hrm, guess will see where I'm at come August: was debating putting more money in to increase the CL for all of the usual FICO scoring reasons, and since I'm re-financing my car at that time anyway, might as well eat the inquiry damage if putting off condo shopping till the following year (which appears to be a forgone conclusion currently).
Thanks for the heads up, any idea if it changes their graduation policy?
Yeah well I've been graduated once before with a weaker credit report and score than I have now, I suspect it'll happen again for me .
Was mostly just an idiot for letting the card lapse when it came to renew. Ah well, if I didn't have issues I wouldn't have been here to gather all these nifty bits of information from you and others, thanks again!
I think that if you have approved acconts with Chase... Citi... Cap One.. Barkleys.. with HIGH credit limits.. approval for a BOA card with a SECURED limit of $300 to $10000 is really going to make the big dogs scratch their heads..... I applied for a BOA cash rewards card and recieved a letter that I was denied that card but... preseleceted for the secured card.... I trashed the letter ..and stood by Chase ($6K) Citi (7K) Barkley (3.5K) USBank (3.5K) AMEX ( 7.5K) .... BOA needs to take a walk....
Hi guys I'm new here. I had been doing a ton of reading b4 I went ahead an applied for the B of A secured credit card. Initially out the gate I was denied like most but thanks to the good info on here I was able to contact the back door an get approved. Thanks again guys an I'm looking forward to jumping on the road to credit rebuilding.