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Valued Member
Posts: 41
Registered: ‎06-29-2008
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BoA fully secured, could I still be turned down?

I recently applied for bank of america visa plat cc hoping to be counter offered with 99/500. I was countered the fully secured card. I recieved  the "acceptance" certificate for the fully secured with the denial letter from bofa visa plat. If I send my check for the fully secured could I still be denied and will it cost me another hard pull?
 
Has anyone ever been denied the bofa fully secured card after recieving an acceptance letter and sending the deposit check? Thanks in advance for your replies.

EX 572 EQ 601 TU 583 Jul 11 08
EX 608 EQ 604 TU 610 Aug 3 08
EX 608 EQ 607 TU 616 9/1/08
Established Contributor
Posts: 853
Registered: ‎03-21-2008
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Re: BoA fully secured, could I still be turned down?

Reapply for another B of A credit card without accepting the fully secured offer and they will probably counter with the 99/500. 
07/26/2007 TU-688
EQ-656
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Valued Member
Posts: 41
Registered: ‎06-29-2008
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Re: BoA fully secured, could I still be turned down?

anyone else?

EX 572 EQ 601 TU 583 Jul 11 08
EX 608 EQ 604 TU 610 Aug 3 08
EX 608 EQ 607 TU 616 9/1/08
Valued Contributor
Posts: 2,205
Registered: ‎12-06-2007
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Re: BoA fully secured, could I still be turned down?

If they offered you the fully secured, chances are good you will get it. I wouldn't apply for another reg card in hopes of being offered the partially secured again. 
 
 It is certainly worth getting. I had mine with 2k on deposit and was unsecured at 9 month mark and increased to 5k and world points added.
 
You WILL incur another hard inquiry. Just so you know.
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
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Re: BoA fully secured, could I still be turned down?

Take the secured card and in 9-12 months they make it unsecure. BOA is being very tough lately. I could get two citi cards with over $15K CL each and all BOA offers me is fully secured card. But my 99/500 card graduated couple of months and became regular. Take the secured card.
Valued Contributor
Posts: 1,086
Registered: ‎07-12-2008
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Re: BoA fully secured, could I still be turned down?

I too would take the secured card.  In a lot of ways it is better than the 99/500 because you can set a higher limit and it seems by some of the other post that I have read you have a better shot at a higher cli when they do convert. 
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Established Contributor
Posts: 597
Registered: ‎10-27-2007
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Re: BoA fully secured, could I still be turned down?

Same with me.  All BOA offers me is their secured card.  It is a good card though based on what I have read here.
I would really like to purchase a new Millineum Falcon with my WAMU (oops Chase card)!!!! But first I need a decent credit limit.
Senior Contributor
Posts: 3,017
Registered: ‎06-03-2008
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Re: BoA fully secured, could I still be turned down?



robertkinder wrote:
I too would take the secured card.  In a lot of ways it is better than the 99/500 because you can set a higher limit and it seems by some of the other post that I have read you have a better shot at a higher cli when they do convert. 


I totally agree. And, this is coming from someone who had the 99/500 card.
I would SO NOT reapply. Why waste a hard inquiry when they already told you what you were eligible for? Take the secured and deposit as much as you can to give yourself the best potential for CLI when it graduates!
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
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Re: BoA fully secured, could I still be turned down?

You can *possibly* still be declined for the secured card from BOA. I've read of it happening once before. I remember thinking it didn't make much sense to me since it is basically a completely risk free CC on their part.

However, you will more than likely get it if they countered with it.
Here we go again...
Epic Contributor
Posts: 24,407
Registered: ‎10-23-2007
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Re: BoA fully secured, could I still be turned down?

they can decline, but only if you have any deliquency's within the last YEAR. I was successfully able to get a recon on a declined secured card. I would for sure take it and apply, pretty sure it is another hard, but on a different report.
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