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Epic Contributor
Posts: 22,721
Registered: ‎10-23-2007
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Re: Bank of America Secured to Unsecured credit card account.

Go do the Pre-Approval on Chase.... I think if they give you offer it's a VERY HIGH chance you will be approved.

Citi Forward has shown lots of love in past for people with very little credit.

I happen to dislike BofA a LOT! I did the whole secured thing way back in 2007/2008 or so and unsecured and increased $500 after 9 months.... flash forward to about 15-18 months I found it CLOSED due to information on credit report... I was in a ch 13 BK before i got the secured card... so not only had my bk gotten older but more of the negative accounts had been removed... still no... i try to stay way clear now!

i would not get another secured card if it includes HSBC (can you even do, they are Capital One now?)

I would skip Capital One if you can also.... this BofA would be the only secured card I would want if I had scores in mid 700's!

How about some GE accounts, Walmart, Gap, Chevron, Sams...  or Macy's, Bloomingdales, Saks, etc.

 

Fico Scores: EQ- 662 DCU., TU 704 Best Buy, EX 700 Chase (1/5/15)
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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Frequent Contributor
Posts: 483
Registered: ‎08-15-2014
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Re: Bank of America Secured to Unsecured credit card account.

Hi guys, will the BOA secured card remain a visa once it graduate to unsecured? Or will it transition to a Master Card?
Starting Scores: EQ 0, EX 534 ,TU 540 8/14: Current Score EQ 670 (12/14), EX 664 FICO 08 (1/15) TU 685 Discover IT (1/15).
Goal Score: 700 accross the board

Starting Score: 534
Current Score: 689
Goal Score: 700


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Epic Contributor
Posts: 22,721
Registered: ‎10-23-2007
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Re: Bank of America Secured to Unsecured credit card account.

I would assume stay visa
Fico Scores: EQ- 662 DCU., TU 704 Best Buy, EX 700 Chase (1/5/15)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
67 Cards and Counting :smileytongue:
Frequent Contributor
Posts: 483
Registered: ‎08-15-2014
0

Re: Bank of America Secured to Unsecured credit card account.

Ok thanks. I seen a Master card today so I wasn't sure if those were the unsecured versions. Thanks.
Starting Scores: EQ 0, EX 534 ,TU 540 8/14: Current Score EQ 670 (12/14), EX 664 FICO 08 (1/15) TU 685 Discover IT (1/15).
Goal Score: 700 accross the board

Starting Score: 534
Current Score: 689
Goal Score: 700


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Regular Contributor
Posts: 240
Registered: ‎01-01-2014
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Re: Bank of America Secured to Unsecured credit card account.


Rookie2008 wrote:
Hi guys, will the BOA secured card remain a visa once it graduate to unsecured? Or will it transition to a Master Card?

It will remain a visa.

Contributor
Posts: 92
Registered: ‎08-21-2014
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Re: Bank of America Secured to Unsecured credit card account.

same card, same annual fee, same high interest rate, same credit limt. Well thats what happened last week when i went unsecured at the end of year 1.

FICO 713 (TU/Barclay) 693 (EQ) 713 (EX) - AAoA 4 months, Oldest 1.2 year
FAKO (EX CC Monitoring premium) 737 (EX) 737 (TU) 730 (EQ)
Blogger
Posts: 3,260
Registered: ‎10-19-2012
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Re: Bank of America Secured to Unsecured credit card account.


KnowlIsPower wrote:

same card, same annual fee, same high interest rate, same credit limt. Well thats what happened last week when i went unsecured at the end of year 1.








As has been said before, you should call them to request removal of the annual fee.
Regular Contributor
Posts: 205
Registered: ‎08-09-2014
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Re: Bank of America Secured to Unsecured credit card account.

Once it graduates you can request a product change. After mine graduated I changed it to the cash rewards and I think I read a few changed it to the Amex, but you would have to request the change. Also even though they didn't unsecure for you the card can help you get other approvals. Your history with boa will now open other doors for unsecured cards. 


Rookie2008 wrote:
Hi guys, will the BOA secured card remain a visa once it graduate to unsecured? Or will it transition to a Master Card?

 

Frequent Contributor
Posts: 483
Registered: ‎08-15-2014
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Re: Bank of America Secured to Unsecured credit card account.

[ Edited ]

Wow. Thanks for the info. I would have never thought this card, once unsecured, would be able to be converted into something else, let alone amex. Mines is currently a 123 cash rewards. Thanks again.

Starting Scores: EQ 0, EX 534 ,TU 540 8/14: Current Score EQ 670 (12/14), EX 664 FICO 08 (1/15) TU 685 Discover IT (1/15).
Goal Score: 700 accross the board

Starting Score: 534
Current Score: 689
Goal Score: 700


Take the myFICO Fitness Challenge



Regular Contributor
Posts: 205
Registered: ‎08-09-2014
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Re: Bank of America Secured to Unsecured credit card account.

Well it's an amex that is backed by boa though


Rookie2008 wrote:

Wow. Thanks for the info. I would have never thought this card, once unsecured, would be able to be converted into something else, let alone amex. Mines is currently a 123 cash rewards. Thanks again.



. I can't tell you anything about it because I don't have it, but it is on the boa site under travel and airline rewards cards.

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