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Contributor
Raziel77
Posts: 91
Registered: ‎02-03-2009
0

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

the secured card from orchard bank (HSBC) will not give you hard time at all
TU: 738
EQ: 721
EX: 732 Plus score
Established Member
circuitt
Posts: 24
Registered: ‎11-25-2009
0

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

Yeah, the thing is i am trying to break through into some real credit cards.. staying away from all the special condition ones..

Still a little ticked about getting denied an unsecured card from bofa, when i've been with them for oer 2 years and my credit is pretty much

spotless... but humph.. I also bank with BOFA, I am starting to not like them very much. Any other cards suggestions? i should shoot for..

I am pretty much over dealing with bofa, I am going to keep the card, pay it in full each much, but i am going to stop using it ..

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newstart2010
Posts: 670
Registered: ‎01-08-2010
0

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

credit union.  do you belong to one?  they will give you real credit, i am sure.
I live my life like I type, fast and with a lot of mistakes.
11/01/2014 || FICO TU: 610 EXP: 601
11/11/2014 || FICO TU: 659 EXP: 657
Util: 3% || Fingerhut $1000, Dillards $400, Credit One $500, Target $800, USAA $1000, Pier 1 $900, Best Buy $1500, Wells Fargo $1000
Established Member
circuitt
Posts: 24
Registered: ‎11-25-2009
0

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

Any good ones in southern Californa?

 

Regular Contributor
OonaMission
Posts: 130
Registered: ‎06-23-2008
0

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

Hi Circuitt. I'm in the same boat as you, just this card and an auto loan on my report. About to ask for my card to be unsecured (I've had it since 12/08). Did they do a hard pull of your credit report when they declined you? I'm worried about getting an inquiry if they're just going to deny me.

Established Member
circuitt
Posts: 24
Registered: ‎11-25-2009
0

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

Yes I belive they did, not too sure, but my score went down 3 points.. for no reason on myfico.com.. forgot what it said, something about moving buckets?

lol.. but anyways, yeah i would not do it, they seem like tight wads.. who only take.

New Contributor
rosa29617
Posts: 74
Registered: ‎01-25-2010
0

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

I too am in the process of re-building credit. I have banked with the credit union for many years and recently my score increased because derogs aged out and with hard work, I had some of it removed. So, finally I applied for a cc with my credit union and was approved for 'gold' card. That and a car loan are the only active accounts I have right now so I started researching more cards.  I spoke with BoA  rep online about their secured card and was told it would be a 'hard' pull on my report, so I refused. I didn't want my report pulled at all, since its only a secured card. After reading this forum, I'm glad I didn't proceed. Anyway, I contacted Wells Fargo about their secured card. I liked what I was hearing and was convinced enourgh that I would not mind if ifs a hard pull from them. Furthermore, I asked if the card would show on my reports as 'secured.' The rep said it does not show up on reports as 'secured' and after one year, with on-time payments, the card is converted to 'unsecured' and one would receive their savings deposit back. You may want to try Wells Fargo.

New Visitor
ravi80
Posts: 1
Registered: ‎11-26-2012
0

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

I have been using BOA secured credit card for the past 5 months with no late payments. Recently, I got the letter from Capital One saying we have reviewed your credit history and ready to offer you the unsecured credit card. And then, I applied for the card online and I got the unsecured credit card with the limit of 500$ in 3 days.

Frequent Contributor
Mike360
Posts: 433
Registered: ‎03-19-2010
0

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

[ Edited ]

Yes it's easy to get. They offer different cards depending on the person's credit. Most people get approved for the Mastercard version with very low limits and no growth. The reg. store card is not easy to obtain. It has great starting limits and i've gotten 2 $1,500 increases within a year. They pull EQ. If your util is low and your inq are also low i'd go ahead and apply. best to apply in store while making a purchase. Hopefully the fact you have only one CC doesn't hold you back from approval.

~~In my wallet: Best Buy $7500, Dell Preferred $5500, Discover IT $4000, Chase Freedom $3500, Barclays NFL Extra Points $3300, Sears $2800, Bill Me Later $2100, CapOne Platinum $2000, Kohls $1500, Target $200
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HiLine
Posts: 3,162
Registered: ‎10-19-2012
0

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

When I called BofA about early graduation for my secured card, they said the earliest date for graduation is 2 weeks before the anniversary. Should I assume that my card will automatically become unsecured at the anniversary? Is there a chance I can request early graduation without triggering an inquiry? I'm planning to product change my card right afterwards so I don't get hit with the annual fee.


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