I actually have had a secured BOA card for more than two years now. I am a college student with CS of 746. I am debating whether or not to close that account since I have 4 more credit cards right now, and the BOA card is the only one with the annual fee ($29). But since seeing this post I am wandering if I call Bank of America (my previous employer) and transform this to a regular unsecured account without an annual fee. Any thoughts?
I am leaning toward getting this card just so that I can build up a card with a high limit. My high limit cards that I have right now are at 1600 dollars (I have two at this limit) since I got back in the CC game last summer. I think the minimum deposit is 300 dollars for the BOA secured card. Can someone correct me if I am wrong???
I would really like to purchase a new Millineum Falcon with my WAMU (oops Chase card)!!!! But first I need a decent credit limit.