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
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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com 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.