Credit Card Center Advertiser Disclosure†
04-17-2009 11:50 PM
04-18-2009 05:29 AM
Let me understand.
You have a BoA "secured card" which is active/open, AND you can charge on it, and you pay the bill, BUT you do not have a deposit?
Then this is not a secured card, it is unsecured. A deposit is the very definition of secured. And if you don't have a deposit, then what is it going to "graduate" to? Ordinarilly to graduate means going from a deposit to no deposit. You don't have a deposit, thus nothing to graduate.
As for your current application, 7-10 business days can be normal (which would be 2 calendar weeks).
04-18-2009 07:20 PM
04-19-2009 08:41 PM
It actually is a secured card that didnt require a deposit. I thought it was unsecured until I requested a credit limit increase. But I will give them a call next wednesday because it shouldnt take longer than 3 weeks
I hate to have to rain on the parade.......BUT ..ahhhhhhhh Bank Of Scamerica is being very stingy with credit limt increases. They are giving decreases at this time. So i wish you luck.
04-20-2009 08:52 PM
The secured card application process at BofA is very slow! Be patient. If it is going to happen it will,,, eventually.
Wait 'til they approve you and you send them a check to set up the account. I heard that it can take them over a month to deposit it and get you your card.
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.