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Established Member
gulobasito
Posts: 20
Registered: ‎06-05-2012

BofA partially secured (99/500) card early graduation and CLI

Hello all,

BofA has just graduated my partially secured CC (aka the 99/500 card), right after the 10th statement cut. They have also increased the credit line to $2,000. I'm assuming this is all with a SP since I did not ask for anything.

I have been using the card quite a bit, especially in the last 5 months – $700 charged per month on average, with a payment every week to bring down the balance to $0.

Hope this will be of use to those of us who went this route for building and rebuilding.
FICO scores: EQ 750 (Jul 2012)
Wallet: BofA Cash Rewards $2k, BofA Travel Rewards $7.5k, Discover It $5k, Amex Zync NPSL
Status: Attending to the garden.
Established Contributor
snowkitty
Posts: 985
Registered: ‎09-10-2012

Re: BofA partially secured (99/500) card early graduation and CLI

Congrats!! :catvery-happy:   I have one of those too but it's only been opened since August. I can't wait for mine to graduate.....I run through quite a bit and pay weekly like you do. That is a nice limit they gave you!!

TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: BofA partially secured (99/500) card early graduation and CLI


gulobasito wrote:
Hello all,

BofA has just graduated my partially secured CC (aka the 99/500 card), right after the 10th statement cut. They have also increased the credit line to $2,000. I'm assuming this is all with a SP since I did not ask for anything.

I have been using the card quite a bit, especially in the last 5 months – $700 charged per month on average, with a payment every week to bring down the balance to $0.

Hope this will be of use to those of us who went this route for building and rebuilding.

This is great news!  Congrats on reaping the early fruits of your efforts!

Way to go!


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
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HiLine
Posts: 2,836
Registered: ‎10-19-2012

Re: BofA partially secured (99/500) card early graduation and CLI

Congratulations! I was going to say it was unusual to 4x the credit limit after graduation, but then I saw you had a card with a near 5k limit already :smileywink:

Valued Contributor
Epcot
Posts: 2,777
Registered: ‎10-10-2012

Re: BofA partially secured (99/500) card early graduation and CLI

Nice, that is great news! Congrats. :smileyhappy:

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 809 EX 774 TU 805
App free since 4/11/13
Regular Contributor
Unoriginalnj
Posts: 116
Registered: ‎11-13-2011

Re: BofA partially secured (99/500) card early graduation and CLI

Anyone have info on this card? Scores needed? Any bad information you had on credit when you applied?
Established Member
gulobasito
Posts: 20
Registered: ‎06-05-2012

Re: BofA partially secured (99/500) card early graduation and CLI


Unoriginalnj wrote:
Anyone have info on this card? Scores needed? Any bad information you had on credit when you applied?
I had no baddies, no. And no credit history either, since it is the first card I got upon arrival to the US.

From what I have learned in these forums, you cannot apply for this card directly. You can only get it as a counteroffer from BofA after they have denied you a regular CC.
FICO scores: EQ 750 (Jul 2012)
Wallet: BofA Cash Rewards $2k, BofA Travel Rewards $7.5k, Discover It $5k, Amex Zync NPSL
Status: Attending to the garden.
New Contributor
GABrown
Posts: 55
Registered: ‎10-23-2012

Re: BofA partially secured (99/500) card early graduation and CLI

congrats!!! How exciting!!!! Got mine in October and have been paying it down every week as well...I added the Cash Rewards program to it and i love it...I have nothing bad to say about BofA!!!

IN MY PURSE- BankAmericard Cash Rewards Platinum Plus Visa
IN THE GARDEN UNTIL 11/2013
TU-638
EXP-565
EQX-540
Regular Contributor
Unoriginalnj
Posts: 116
Registered: ‎11-13-2011

Re: BofA partially secured (99/500) card early graduation and CLI

Any information on your scores and any derogatory info on your reports? May help others considering the card.

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