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I noticed that only certain people get offered this card and was wondering if there is a specific BoA product you apply for, and this card is the counteroffer?
Like if you apply for a BoA backed AMEX all you get is declined, with no 99/500 offer. Does that make sense?
Pappy214 wrote:
I noticed that only certain people get offered this card and was wondering if there is a specific BoA product you apply for, and this card is the counteroffer?
Like if you apply for a BoA backed AMEX all you get is declined, with no 99/500 offer. Does that make sense?
So, what you are saying is that you get a pre-approval for the Platinum Visa and for some reason they decline you and feel bad so you get a 99/500 offer?
@haulingthescoreup wrote:
I'm pretty sure that I keep reading that it's the Plat Visa (Plat Plus?)
It seems to happen when people try for a card on the pre-approval website, get declined, and get the counter-offer.
This was a hot topic last year, but I don't remember reading any posts about members getting one since the big credit crunch started.
Anyone gotten the 99/500 counter-offer since last September or so?
Pappy214 wrote:
So, what you are saying is that you get a pre-approval for the Platinum Visa and for some reason they decline you and feel bad so you get a 99/500 offer?
@haulingthescoreup wrote:
I'm pretty sure that I keep reading that it's the Plat Visa (Plat Plus?)
It seems to happen when people try for a card on the pre-approval website, get declined, and get the counter-offer.
This was a hot topic last year, but I don't remember reading any posts about members getting one since the big credit crunch started.
Anyone gotten the 99/500 counter-offer since last September or so?
I think I'm going to close my BoA secured accounts today. The reason is they reported as secured on all CB which isn't good for your credit score. I had the accounts for 5 months and i dont want to continue.
Hi CC101!
It has no impact on your FICO score, at all, that your cards report as secured. Even if it did (and it *doesn't*) the cards will remain on your reports for up to 10 years, assuming they're in good standing. You've already opened, them, and BoA will unsecure in 9-12 months, returning your deposit. I'd recommend holding on to those cards and letting the transformation from secured to unsecured take course.
I used to have a fully secured BoA card, several years back. It's now an unsecured card with 8k more credit line than I started with (currently 10k).
CreditCard101 wrote:I think I'm going to close my BoA secured accounts today. The reason is they reported as secured on all CB which isn't good for your credit score. I had the accounts for 5 months and i dont want to continue.
Hi LilMirth,
I like your nickname by the way, sounds so cute lolz
Well I think it does impact on your credit rating because secured cards is for those who don't have credit and I do have credit such as AMEX and Credit Union Mastercard with high limits. My BoA secured card has lowest limit $500 from my own deposit. Well it was my mistake for open a secured account with BoA because I thought I could not get approve for a regular card. I guess I can keep it open for another 4-5 months or so to get it unsecured since I am in the middle of the 9 months unsecured contract.
I take your advise and keep it open =)