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When does BOA secured graduate to non secured?

New Contributor

When does BOA secured graduate to non secured?

I have heard mixed opinions.

BOA has confirmed at the 9th month the account is reviewed, but has anyone been able to call in at lets say the 6th month and had any success?
27 REPLIES
Regular Contributor

Re: When does BOA secured graduate to non secured?

I was told no way, no how and this was after an employee @ my BOA branch talked to a credit supervisor. But, maybe someone else would have better success.
Moderator Emeritus

Re: When does BOA secured graduate to non secured?

Usually BofA graduates after 9-12 months.
 
I got my 99/500 last November and am eager to see when it graduates. I'm making my 9th payment for my 9th statement this coming week. After I PIF, I'll call.
Valued Contributor

Re: When does BOA secured graduate to non secured?

My secured BOA card graduated after 9 mos.
IN VINO VERITAS.
Contributor

Re: When does BOA secured graduate to non secured?

previous poster - what kind of CL were you looking at? did they just double your secured CL or give you $1000 or $1500? Or was it totally random?
Senior Contributor

Re: When does BOA secured graduate to non secured?

I highly doubt that with a secured account that they will change from secured to unsecured with  a phone call.  Maybe if you had some serious credit issues resolved in that time and your score had jumped 100 points, but as far as it being like calling in for a CLI I doubt it.
Valued Contributor

Re: When does BOA secured graduate to non secured?

IME, BOA just adds $500 to existing CL.
IN VINO VERITAS.
Valued Contributor

Re: When does BOA secured graduate to non secured?



mickie08 wrote:
I highly doubt that with a secured account that they will change from secured to unsecured with  a phone call.  Maybe if you had some serious credit issues resolved in that time and your score had jumped 100 points, but as far as it being like calling in for a CLI I doubt it.



From my understand from reading threads on this board about the BOFA secured. You can't call an request for them to unsecured it they will have to do it on there on when they feel like your eligible.

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Regular Contributor

Re: When does BOA secured graduate to non secured?



mjbfan79 wrote:


mickie08 wrote:
I highly doubt that with a secured account that they will change from secured to unsecured with  a phone call.  Maybe if you had some serious credit issues resolved in that time and your score had jumped 100 points, but as far as it being like calling in for a CLI I doubt it.



From my understand from reading threads on this board about the BOFA secured. You can't call an request for them to unsecured it they will have to do it on there on when they feel like your eligible.





I have had two different BoA secured cards graduate. Here is how it happens:

1) You meet the requirements (BoA internal audit of your account) with a minimum of 9 months of perfect account history and they will automatically unsecure your account.

2)You call after you have greater than 12 months of perfect account history yet your account did not automatically unsecure.

Otherwise, YMMV
Valued Contributor

Re: When does BOA secured graduate to non secured?



Geordi wrote:

 
I have had two different BoA secured cards graduate. Here is how it happens:

1) You meet the requirements (BoA internal audit of your account) with a minimum of 9 months of perfect account history and they will automatically unsecure your account.

2)You call after you have greater than 12 months of perfect account history yet your account did not automatically unsecure.

Otherwise, YMMV

Thx for that clear up well i'm not gonna bug them i will wait until my card reaches a year if it doesn't unsecure then i will give them a call.


Message Edited by mjbfan79 on 09-07-2008 08:40 AM

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge