cancel
Showing results for 
Search instead for 
Did you mean: 

BoA secured card question

SOLVED
Regular Contributor

BoA secured card question

I know this may sound stupid but does BoA pull a hard inq. for the secured card ??

Starting Score: 550-tu 550-eq
Current Score: 745-tu 777-eq (ex-736 lo)
Goal Score: 800-tu 800-eq


Take the FICO Fitness Challenge
Message 1 of 5
4 REPLIES
Moderator Emeritus

Re: BoA secured card question

Yes, they will pull a hard inquiry for a secured card. I had a 99/500 before they graduated and that product resulted in two hard inquiries (one for the unsecured app and one for the 99/500).
Message 2 of 5
Regular Contributor

Re: BoA secured card question

Thanks llecs, Is it even worth it , the inq. and the cash for the account ?

Starting Score: 550-tu 550-eq
Current Score: 745-tu 777-eq (ex-736 lo)
Goal Score: 800-tu 800-eq


Take the FICO Fitness Challenge
Message 3 of 5
Moderator Emeritus

Re: BoA secured card question

IMO, yes! Most definitely. Unless your scores are super high, the inquiry damage will likely be nil. You also get all of your deposit back after 9-12 months of great payment history. After they unsecured the card, then you are eligible for CLIs, of which they tend to be generous.
Message 4 of 5
Highlighted
Regular Contributor

Re: BoA secured card question

Thanks again !!

Starting Score: 550-tu 550-eq
Current Score: 745-tu 777-eq (ex-736 lo)
Goal Score: 800-tu 800-eq


Take the FICO Fitness Challenge
Message 5 of 5