Credit Card Center Advertiser Disclosure

Regular Contributor
Posts: 207
Registered: ‎01-28-2009
0 Kudos

BoA CC...

[ Edited ]

I opened my secured BoA CC back in 02.02009, so it's been over a year and I've only kept it at the $300 CL.  I've never been late on the card I usually make two payments on the account every two weeks ( if not more ) and usually keep the balance around $75 to $125 at the most.  I was over on my limit on my CC once by $19, which was paid off the next day so I wasn't charged an over limit fee.  I bank with BoA so my payments usually process that day or the next day depending on how I pay them.


Either why I was online checking my balance and I clicked the link to request for a CLI about a week or so ago.  I just finally heard back for them, they basically said I could deposit more money on my secured CC to get a CLI, but I was wondering is that a good step to take? 


I really want to get a product change with BoA, and get away from a secured CCs, since I don't have a secured CC with my Best Buy RZMC. 


Basically I'm just wanting to know should I just put more on this credit card and ride it out for another year and prove that I have a good payment history with them or just try and calla round to see if I can get a product change on my BoA CC.

CITI - $3500 - CAP1 - $750 - RZMC - $600 - BOA - $600 - CAP2 -$500 - Credit Union $500

TU: 707 (From Wal-Mart's website) * Finally made the 700 club!!!!!!!*
Established Contributor
Posts: 971
Registered: ‎01-13-2008
0 Kudos

Re: BoA CC...

You've told us you typically keep a 25-45% balance on the card and have been over limit in the first year. I'd get the CL backed up to about $100 and never charge more than $100 then ask for a product change in about a year.

1-14-08....... TU=683, EQ=667, EX=666
7-04-08....... TU=688, EQ=678, EX=682.......
.......4 of my 5 cards and a new car later.
2/13/09 and forever EX 693
Regular Contributor
Posts: 207
Registered: ‎01-28-2009
0 Kudos

Re: BoA CC...

The over limit was actually after the first year, it happened late March to mid April.  Thanks for your advice.

CITI - $3500 - CAP1 - $750 - RZMC - $600 - BOA - $600 - CAP2 -$500 - Credit Union $500

TU: 707 (From Wal-Mart's website) * Finally made the 700 club!!!!!!!*
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0 Kudos

Re: BoA CC...

I would deposit some more money and get a higher CL.   I think you'll probably get a larger CL when it finally un-secures.

Moderator Emerita
Posts: 3,090
Registered: ‎08-09-2008
0 Kudos

Re: BoA CC...

There have been some recent threads, over the past few months, about the new world order for the unsecuring of a BoA secured card. First, you can't do it with a CLI request. Fully secured cards (as you already know) can only be increased by your increasing your secured deposit. After 12 to 18 months (the previous timeframe was 9 to 12 months) BoA may become willing to unsecure it at the (probably) cost of a hard INQ, at your request to unsecure. There were a rash of closings, within days or weeks of these cards becoming unsecured, due to BoA's risk-o-meter determining that their level of risk was too high.


Some of the lessons learned were this:


  1. Don't request to be unsecured unless you've had at least 12 months of *perfect* account history with BoA
  2. Don't request to be unsecured unless the rest of your credit profile looks good (all baddies gone or no *major* baddies that are sufficiently aged-- ready to fall off, utilization low, etc...)
  3. Don't request to be unsecured unless you can demonstate that you've PIF'd, at least on occasion
  4. Having a solid checking/savings/brokerage with BoA seems to help some-- "solid" meaning no NSFs, routine overdrafts, etc..

Because of the following two things, I'd suggest that you increase your secured deposit to a level that you can use without fear of going over the limit, PIF every month, and then request to be unsecured in 12 months time.


stoopidmunkee wrote:

I was over on my limit on my CC once by $25, which was paid off the next day so I wasn't charged an over limit fee. 

TU 593 --- Equ 580 --- Exp 577 --- via Credit
Equifax Fico is: 607 as of 04.10.10
Equifax Fico is: 594 as of 03.30.10
Goals: 650 Club ( for now ) -- New Car -- AMEX CC --


Friendly, Supportive & Respectful

Understanding Your FICO Score  |  Credit Scoring 101  |  Common Abbreviations  |  FTC: FCRA Links  |  FTC: FDCPA Links  |  Opt-Out  |  State Resources

"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.