I got a promotional call from FIA today and they were offering me a secured card. Now why would they call me for a secured card?
The agent saw that I closed my account back in 2007 and hada payment plan on it. In March of this year, it was finally paid in full (around 10k). So this whole time since 2007, I have been making payment (this account was closed at consumer's request - so that I could get a 1% interest that they told me they couldn't give me unless I closed the account).
He went on to say that if I wanted an unsecured card, I will have to wait 5 years from when the account was paid in full so they would consider it. I mean first of all, they called me and second, I have been paying this card since Arpil of 2007 without a fault and I closed it because this was the only way BOA would lower my interest from 31% to 1%. So they are penalizing me because of that (lame). SO since this was paid in full in March of this year, I now havw to wait 5 years (2016) to apply for an unsecured with them. How bogus is that? I even paid this card a whole year in advance.
I know some people enjoy BofA, but that's just like everything else, YMMV but personally I can't stand them.
I find what they're doing to you, RIDICULOUS! Just out of curiosity, is this TL "negative" on your CR? If not, then I wouldn't worry about them and would look elsewhere for your future credit dealings. 
@casmith1980 wrote:I know some people enjoy BofA, but that's just like everything else, YMMV but personally I can't stand them.
I find what they're doing to you, RIDICULOUS! Just out of curiosity, is this TL "negative" on your CR? If not, then I wouldn't worry about them and would look elsewhere for your future credit dealings.
This account has 5 X 30 days late in late 2006 and 2 30 days in early 2007. It wasn't closed by the creditor. But still negative on my CR's. Although if you look from May 2007 and afterwards, it's green (paid on time). It was a rough spot in my life back then but I paid this card 1 year in advance. It was supposed to be paid off in Feb 2012. I paid it off this past March. You would think that would mean something to them...oh well
I wouldn't put too much stock into it. They'll approve you for a Rewards card after a year.
I have never heard of anyone getting a call for a secured card. What kind of joke is that? I had to ask him twice 'You're calling me to offer me a secured card??'
I know a lot of people get love from BoA(FIA) but I really am glad to be done with them.
Starting Score: 675Interesting report, worth writing about because it's so weird, but don't sweat the five years. You don't need them.