Credit Cards

[-Cain-]

First card ever...No, I had plenty of cards before and was managing them well until some events in the past caused turbulent times. I've been cash only for a good 8+years, and have regained my ability to manage my money responsibly. I have two baddies left on my EX, the last TU report I have is from about a year ago, but that had three baddies and a paid collection. I haven't checked my EQ. I opened an auto loan with my CU in Feb of last year and all is well with that account. They were able to get me half the APR that American Honda was trying to get me into.

I will look into a store card, but do I do that now or after a month or two of having the bofa? I actually had applied for Zync because I had read it was semi-easy to get, but I was turned down. Amex and BofA should be my only two CC inquiries I have on my reports though as I don't believe I've tried anything else.

[vish1]

you should look at the store card about 2-3 months after your BofA

[-Cain-]

Sounds like a plan. Like I said, I've used cash for the last 8+, so I'm not so anxious for so many new cards. I will take it slow and let it grow.

[-Cain-]

Ok, so the card is now showing in my accounts in Online Banking. It's says it a BankAmericard Visa Platinum Plus. When I look at the account, it has a button to ask for a CLI. Did I get a secured card? That same screen asks for how much of a CLI I had in mind and that the bank will be the judge of what I can get. If I do ask, will that be another deposit?

[-Cain-]

Got the card, glad the waiting is over!

I've used it and paid what I charged within two days. I've read both pay in full and leave a small balance, I ended up just paying it all.

I am still intrigued by the secured Power Rewards offered by BofA. Can I hold two secured cards from BofA at once?

[texasman07]

Congratulations!! I have had a BOFA checking and savings since 2004.  I recently have bumped my score from 490 to Low 600's in the past 1.5 years and cleaned up all my negative/collections on my CR's.  I applied for a Bofa Power Rewards and got a counter offer for the Secured Power Rewards. They immediately (That Day) took outmy security deposit and by the next day the account was showing up on my online banking screen. It probably has been the quickest process for a credit card. Im really happy about it and cant wait to see what happens in the future with it.  Im curious, how long did it take to recieve your card from approval to getting it inthe mail?

[-Cain-]

From the day I got approved and money withdrawn, I received my card within three days (tues-fri). Card sent from Arizona, I'm in Cali.

[texasman07]

So I got my BankAmeriCard Rewards Yesterday!! From the day the funds were withdrawn on 21 Apr 2011 to Yesterday thats 3-4 business days i got my card.  Thats probably the fastest card i have recieved.  Thanks BOfA!! 

[-Cain-]

Nice. Do you have the platinum plus secured as well? Can you have two secured cards from BofA?

[texasman07]

No. I just have the Power Rewards Visa.  Im not sure how many you can have with BoFa.  Im hoping to do a PC as soon as it unsecures.  Do you know how to add funds to the card? and what the turn around time is for them to be available?