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New Member
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!

 

 



Valued Contributor
Posts: 1,659
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 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


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New Member
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
Posts: 751
Registered: ‎02-17-2011
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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

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Frequent Contributor
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 Smiley Happy

 

I was approved


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
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New Member
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
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
Posts: 28,168
Registered: ‎10-23-2007
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Re: Bank of America Secured Card - Approved??

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

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New Contributor
Posts: 163
Registered: ‎03-04-2010
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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)

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Established Contributor
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.

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