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My BoA Secured Account is approaching 9months mark on Nov 23. I can't wait to call in that day to get it upgrade!! Anyone else is waiting?
@Anonymous wrote:My BoA Secured Account is approaching 9months mark on Nov 23. I can't wait to call in that day to get it upgrade!! Anyone else is waiting?
If you have any luck, please let me know...I have talked to 3 CSR's this week and they all say the rule is now(as of about a month ago) 12 months before the card can be unsecured. My card is 9 mos on November 13, and I have been anxiously waiting for November 13, but now it looks like I will have to anxiously wait until Feb. 13, 2010
Nmorton79:
What I was told when I applied was 9 months?
You need to tell them that you were told 9months when you applied and you agree to it. They said 12 months was the rule now, but it WAS NOT back then when you applied. So it's different rule applied to different person. Everytime I called in they all said 9 months. So they told me to call back at 9 statement which for me is Nov 23..
CreditCard101 wrote:Nmorton79:
What I was told when I applied was 9 months?
You need to tell them that you were told 9months when you applied and you agree to it. They said 12 months was the rule now, but it WAS NOT back then when you applied. So it's different rule applied to different person. Everytime I called in they all said 9 months. So they told me to call back at 9 statement which for me is Nov 23..
I had the 99/500 beginning in Nov. of 2007 and did graduate. When I opened it, they told me 9-12 months of on-time payments, versus 9 statements. Right at my 10th statement, and just after completing 9 monthly payments, they automatically unsecured it.
llecs:
Sweet, as long as they keep their word otherwise i will beat the crap out of their @$$ for lying. They told me at 9 months so I cant wait for Nov 23 =)...Looking forward to get it upgrade!!
The BoA 99/500 card is still being offered. I just did a live chat with a rep and they told me you have to go into a branch to apply.
I closed my BoA Secured card today at 9 months because they change their policy to 12 months and the AF will still apply. I dont really need all the new BS stuff from BoA so I close the account. Looking for new VISA account, any good VISA card out there....
+1 lilmirth.
Secured notation is a "comment" not a rated component. I guess it is possible that under a manual loan officer review, the secured card would have less credibility as a credit "reference" since it is not secured.
But for FICO purposes, a secured card scores the same as an unsecured card, even if the secured card is notated as secured in comments. The comment makes no score difference. And, if you have had the card for 5 months, you are only 5-7 months from graduating to a an unsecured....so IMO you should keep it.