08-08-2012 09:40 AM
Mine reported as secured from 2008 until it unsecured in 2011. This likely would only be an issue on manual review.
08-08-2012 11:21 AM
At a few years ago, they advertised that no one will know your card is secured but you and BofA. Now! They tell! Grief.
08-08-2012 12:46 PM
None of mine do. CapOne, PNC, NFCU and Coke.
08-08-2012 12:56 PM
Bofa secured generally reports as secured. Many do not. Fico scoring doesn't care about secured or not. However, cc internal models might or manual review might.
08-08-2012 12:58 PM
For starters its prob the best secured card out there cause you can add the 123 rewards to it. Second if you need the secured card then chances are your not going to be in primeland anytime soon and by the time you make it there you should be able to graduate the card which will no longer report as secured. I say go for it and dont worry about it being reported as secured for the time being
08-08-2012 03:04 PM
I've gotten some conflicting information while searching around to see how BofA Secured cards are reporting on CRs now. Are they reporting as secured or regular cards?
Like others say it reports as secured, but it doesnt matter how they report it because it doesnt effect the scoring.
08-08-2012 06:42 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO