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New Member
jpw777
Posts: 3
Registered: ‎07-15-2011
0

Bank of America Secured Card - Approved??

Hello All,

 

I applied online for a Bank of America Secured card the day before yesterday and I immediately received this message:

 

 

 

Thank you very much, we received your application. If approved you should receive your credit-building Secured Card 7 to 10 days after we successfully verify your information and process your security deposit. The longer you use your credit card and make your payments on time, the more likely you are to build a solid credit record.Thank you for choosing a Bank of America credit card.

 

I also got an email that says we've reached a credit decision - and it redirects me to the message above again.  They haven't debited by account for the deposit yet so I don't know if I've been approved or not.

 

Anyone have experience with this?  Am I approved or denied???  Would love to hear your thoughts!

 

Thanks!

 

 



Community Leader
Valued Contributor
-Cain-
Posts: 1,283
Registered: ‎04-06-2011
0

Re: Bank of America Secured Card - Approved??

I got the same message as you did. I was approved, but it did take a few days to hear a decision. I dont know if everyone gets that message, but Good luck!

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 734 11/2012 (PSECU), TU98 695 9/2012
Goal Score: 725+ across the board


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New Member
jpw777
Posts: 3
Registered: ‎07-15-2011
0

Re: Bank of America Secured Card - Approved??

Thanks for your message Cain!!  I hope I have the same outcome as you!  I have been working hard to get my scores up and this will be a huge milestone for me if I can get this one.....

 

 

Fingers crossed!!!

Established Contributor
texasman07
Posts: 547
Registered: ‎02-17-2011
0

Re: Bank of America Secured Card - Approved??

I got that message but my account was immediately debited the next day and 2 days later, it showed up on my Experian Report as a Secured account

Amex Delta Gold $1000.00 CL; Discover $1000.00 CL; Gap Visa $4500.00 CL; AE Visa 4000.00 CL; Cap1 Quicksilver $2000.00; Walmart DISCOVER $4,000.00; Sam's Club Discover $8500.00; Barclay's Rewards MC $3300; CITIBank Dividend Platinum $300.00 CL; AMEX Green NPSL; Wells Fargo Rewards VISA $3,000.00 CL; Barclays US Airways Platinum MC $4000.00 CL; BOA Better Balance Rewards VIsa $1000.00 CL.

Frequent Contributor
xlr8d
Posts: 306
Registered: ‎01-12-2011
0

Re: Bank of America Secured Card - Approved??

I think I received a similar message, but I called the next day becase I had to know :smileyhappy:

 

I was approved


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
Goal Score: 700


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New Member
jpw777
Posts: 3
Registered: ‎07-15-2011
0

Re: Bank of America Secured Card - Approved??

I just called and I wasn't so lucky - it was an automated message saying I wasn't approved....is there anything I can do?  Should I try to talk with a person live to ask if they can reconsider???

 

Such a bummer!!   I guess I have to keep working away at my reports and fico scores..... 

 

 

New Member
thegooch
Posts: 11
Registered: ‎08-10-2011
0

Re: Bank of America Secured Card - Approved??

What were your credit scores when you applied and got approved? Did you have any charge offs or lates on your report? 

Epic Contributor
Creditaddict
Posts: 22,094
Registered: ‎10-23-2007
0

Re: Bank of America Secured Card - Approved??

yes you should call the secured underwriting department located in back door numbers thread above.

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
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New Contributor
ocboy949
Posts: 163
Registered: ‎03-04-2010
0

Re: Bank of America Secured Card - Approved??

I was approved but it took about a week to get a decision. I'm sorry you weren't approved. Maybe you can try Capital One Secured.

TU FICO - 752 (8/12/11)
EX PLUS - 721 (8/9/11)
EQ FICO - 648 (2010)

(21 years old)
Established Contributor
chan85
Posts: 554
Registered: ‎03-13-2011
0

Re: Bank of America Secured Card - Approved??

Does Cap1 report as a secured card? I see in the post above that BoA does, but I feel like creditors judge that it is secured so I don't know if I would want that part reported.

WM TransUnion- 650 (6/2014) Credit Sesame Experian- 691 (6/2014) Credit Karma TransUnion- 665 (6/2014)
Amex Zync/UNICORN- NPSL/Capital One Venture One Pro -$7,000/NFCU Cash Rewards- $7,500/NFCU NavChek- $5,000/SouthWest Airlines- $5,000/Capital One Quicksilver Platinum- $3,000/Wal-Mart Discover- $6,000/Bill Me Later- $2,200/JCP- $4,700/Discover IT- $500/Care Credit -$2,300/Old Navy Visa- $2,000/New York & Company - $1,000/Capital One -$800
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