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Bank of America Secured Card - Approved??

Valued Contributor

Re: Bank of America Secured Card - Approved??

I know it sounds dumb but I've heard great success stories with bofa secured graduation plus I've cleaned up my reports tremendously so ill take a few hard pulls from them if need be
NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 15k | BOFA 123 6k |
Chase Freedom 1.5k | Amazon 3K | Walmart 3K | Buckle 300 | AMEX BCE 2.5K | CHASE CSP 12K | CITI sears 6k | Kay 2k

On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Message 21 of 40
Valued Contributor

Re: Bank of America Secured Card - Approved??

I agree. BofA will/should grow with you. It's worth the trade-off IMO.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

Message 22 of 40
Moderator

Re: Bank of America Secured Card - Approved??


-Cain- wrote:
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?

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Message 23 of 40
Valued Contributor

Re: Bank of America Secured Card - Approved??

From what I've gathered, upping CL shouldn't affect graduation timeline.

I'll add that graduation is not 100% automatic, nor guaranteed, but is the norm.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

Message 24 of 40
Moderator

Re: Bank of America Secured Card - Approved??

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 Smiley Happy.

 

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!

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


Take the myFICO Fitness Challenge
Message 25 of 40
Regular Contributor

Re: Bank of America Secured Card - Approved??

Strange, it showed up on my transunion.
Message 26 of 40

Re: Bank of America Secured Card - Approved??

I just got this message as well.  Which phone number can I call to find out?

Message 27 of 40
New Member

Re: Bank of America Secured Card - Approved??

I haven't received any emails or letters, but about a week after I applied the debited my account..... I'm assuming approved?
Message 28 of 40
New Visitor

Re: Bank of America Secured Card - Approved??

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.... 

 

Message 29 of 40
Highlighted
Established Contributor

Re: Bank of America Secured Card - Approved??

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.

 

 

Starting Scores: EQ 0, EX 534 ,TU 540 8/14: Current Score EQ 685 FICO 08 (2/15), EX 685 FICO 08 (5/15) TU 687 Discover IT (5/15).
Goal Score: 700 accross the board

Starting Score: 534
Current Score: 685
Goal Score: 700


Take the myFICO Fitness Challenge



Message 30 of 40