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Yeah, I had that button on my old BOFA secured card; AFAIK it's a non-starter though I never tried it myself.
If you can afford the inquiry on TU I'd be curious what happens if you try it... now that you mention it, I sort of wish I'd tried it when mine was still secured.
@savinweb wrote:
Hi everyone, I have a secured Bank of America cash rewards credit card with a $2200 CL. I logged into online banking today and saw a pretty button that says "Request Credit Line Increase" - which has never happened before.. I click on it and it asks me how much I want to increase to... I did not proceed.
I bank with BofA, got their securedcard in December.
Is it possible that my card already graduated?
I also have more options in the Service & Info menu like adding a authorized user, requesting CLI, applying for a new card.. Which had never been there before..
Anyone else experiencing this?
Unless you request, I doubt your card would graduate early, let alone that early. I had a BofA secured card and experienced the same thing.
I take it the annual fee is worth it on this card then.. lol
@angelcred10 wrote:I take it the annual fee is worth it on this card then.. lol
Oh absolutely! It was only $39 AF, and I offset that with cash back rewards several times in a 9 month period. But when it graduated, they also removed my AF, so I only had to pay it once. But I'm not sure that removing the AF is standard practice, YMMV of course.
@BrokaToe wrote:
@angelcred10 wrote:I take it the annual fee is worth it on this card then.. lol
Oh absolutely! It was only $39 AF, and I offset that with cash back rewards several times in a 9 month period. But when it graduated, they also removed my AF, so I only had to pay it once. But I'm not sure that removing the AF is standard practice, YMMV of course.
+1 on everything
With persistence, I'm sure anyone can get that AF removed though. You can refer to my personal experience
http://hiepsfinance.wordpress.com/2013/01/01/secured-credit-card-graduation/
http://hiepsfinance.wordpress.com/2013/01/30/bank-of-america-is-awesome/
@savinweb wrote:
Hi everyone, I have a secured Bank of America cash rewards credit card with a $2200 CL. I logged into online banking today and saw a pretty button that says "Request Credit Line Increase" - which has never happened before.. I click on it and it asks me how much I want to increase to... I did not proceed.
I bank with BofA, got their securedcard in December.
Is it possible that my card already graduated?
I also have more options in the Service & Info menu like adding a authorized user, requesting CLI, applying for a new card.. Which had never been there before..
Anyone else experiencing this?
It will be a wasted inq, unless you plan to make another deposit like I did. I pressed it when my visa siggy cash rewards was secured. you will get a letter telling you you need to contact credit solutions , to setup an additional desposit to increase your limit.
TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!
@HiLine wrote:
@BrokaToe wrote:
@angelcred10 wrote:I take it the annual fee is worth it on this card then.. lol
Oh absolutely! It was only $39 AF, and I offset that with cash back rewards several times in a 9 month period. But when it graduated, they also removed my AF, so I only had to pay it once. But I'm not sure that removing the AF is standard practice, YMMV of course.
+1 on everything
With persistence, I'm sure anyone can get that AF removed though. You can refer to my personal experience
http://hiepsfinance.wordpress.com/2013/01/01/secured-credit-card-graduation/
http://hiepsfinance.wordpress.com/2013/01/30/bank-of-america-is-awesome/
Absolutely, persistence is definitely the key! I was quite surprised they removed mine without me even asking, I just got a letter out of no where saying the unsecured my card, increased the limit and removed the AF. I was for sure sporting a huge smile at that moment
Edit: P.S. I like your blog, very cool