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Established Contributor
Badcreditguy
Posts: 623
Registered: ‎08-14-2007
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Doesnt anyone get approve for the BofA secured card?

My cousin got denied! Thats crazy!
Established Member
lookingfor700
Posts: 47
Registered: ‎05-13-2008
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Re: Doesnt anyone get approve for the BofA secured card?

I went to thier web site and done the Soft pull "lets see what we can do for you" type thing...
 
No options for 99/500 card, thier are other CCC that are willing to set you up. I'll wait on BOA, one day they will want to give me a card.
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stef37
Posts: 2,205
Registered: ‎12-06-2007
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Re: Doesnt anyone get approve for the BofA secured card?



lookingfor700 wrote:
I went to thier web site and done the Soft pull "lets see what we can do for you" type thing...
 
No options for 99/500 card, thier are other CCC that are willing to set you up. I'll wait on BOA, one day they will want to give me a card.



You have to apply for one of their regular card's and if you are turned down for it, they may counter with the 99/500 card.
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haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
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Re: Doesnt anyone get approve for the BofA secured card?

On the pre-app site, if you have opted out, you won't get an offer of anything, including the fully secured card. My feelings were kinda hurt until I figured this out. :smileyhappy:

Also, even though BofA almost always pulls EX (and frequently TU) for the for-real app, on the website they soft EQ. So if your EQ is really stinky, that might be a factor.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Member
lookingfor700
Posts: 47
Registered: ‎05-13-2008
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Re: Doesnt anyone get approve for the BofA secured card?

[ Edited ]
Thanks for the help ya'll. I went on a App. Spree 2 weeks ago and i hurt myself.( i misunderstood how to raise CC Utli %). Not thinking all those new Accounts will lower my history. If i ever recover and some baddies fall off, Ill try them. I have been getting my feelings hurt by these $500 CL on the new cards i got. I did get a Chase card, so it wasnt all that bad. Thanks for thr Recon #'s guys and gals.
 One would think if i havent had a late payment on anything in four years, they would give me a chance, but car payments and house payments seem to be way differnt than a CC.
 
CC are Evil!!!:smileywink:


Message Edited by lookingfor700 on 05-22-2008 01:50 PM
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lurknomore
Posts: 356
Registered: ‎10-10-2007
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Re: Doesnt anyone get approve for the BofA secured card?



Badcreditguy wrote:
My cousin got denied! Thats crazy!


To get back on topic, my friend was also recently denied.  I felt really bad for her because she only applied after I told her my "Cinderella" secured to unsecured BoA card story.  A popular misconception is that there is "no" risk to lenders with secured cards, but that's not precisely true.  Consequently, if a person's credit is "really" bad, it's entirely possible that some lenders will deny the person any credit whatsoever.
FICO: 8/08 - TU 718; EQ 702; EX 733 (Bonafide 700 club member!)
Next goal: 750s across the board!!
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cheddar
Posts: 6,794
Registered: ‎09-29-2007
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Re: Doesnt anyone get approve for the BofA secured card?



lurknomore wrote:

A popular misconception is that there is "no" risk to lenders with secured cards, but that's not precisely true.

I completely agree with this statement!
 
Also, BofA likes unsecure their cards within a year or so, so they will deny even a secured card for those who they believe may not qualify to unsecure even after a period of time with perfect history on the secured card.
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )

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