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Bank of America Secured Card - Approved??

New Member

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!

 

 



39 REPLIES
Valued Contributor

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

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

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 1.5K Amex HH 2k Amex PRG NPSL, AMEX BCE 2k, BOA Cash Rewards 1k, Barclay Jet Blue WMC 7K, Chase Freedom 16.5K Chase Southwest Premier Plus 7K Chase United Explorer 20.5K Chase Marriott 11K , Amazon Visa 3.5k, Discover $7K Gap Visa $8.5K; Walmart MasterCard 7.5K Sam's Club MC 9.5K Venture $15K Venture One 10K Quicksilver Visa Siggy 5K, Citi Shell MC 2k, Total Rewards Visa 4.2K Fuel Rewards MC 3K CITI AA Gold WEMC 8.4K Paypal Extras MC 8K, Citi Diamond WEMC 3.5K, Cit DC WEMC 3k, Citi Hilton Visa Siggy 8k.
Frequent Contributor

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
Goal Score: 700


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New Member

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

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

Re: Bank of America Secured Card - Approved??

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

New Contributor

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

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
GOALS: No new inqs until 10/30/14. Pay off debt consolidation loan in less than 1 year. Snowball debt payments.
Last HP: 3/5/14