Credit Card Center Advertiser Disclosure†
12-24-2012 08:28 PM
I put in an app for a bank of America secured credit card and got the we will wright you by US mail with in 30 days. For my deposit I put in $4,900 the max they will take. My question is will it be approved because of the deposit or could they decline it? The whole reason I want to know is I don't want to be going 30 days not knowing if that $4,900 is going to be coming out of my account 3 or 4 weeks from now and not be able to do anything with it if they are going to decline it. Would I be able to call them would they be able to tell me?
Thanks for reading.
12-25-2012 02:03 PM
BofA secured card services is slow. It took at least two weeks for them to process and approve my application but they didn't take the $ from my account until after it was approved.
12-25-2012 10:56 PM
12-25-2012 11:09 PM
They will try to charge you annual fee after 5 years just like me. still fighting to convert it if i cant will close before jan 2013 hit . Sadly will lose 5k credit line line but I ll close i don't care they pissed me off
5 years is really exceptional. If you can't get it straight with a credit analyst, tell him/her you will close the account.
12-30-2012 01:27 AM
12-30-2012 07:19 AM
I applied on Tuesday for a BoA secured card with a 2000 deposit. I also got the 30 day wait message but by Thursday they had debited my account and the new account is showing up when I log into the site. I still haven't received the card but hopefully it comes right after the New Year.
I have two major baddies one charge off for $600 and a medical collection.
12-30-2012 12:37 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.