11-23-2009 07:23 PM
11-23-2009 07:36 PM
Anyone else apply for it? I applied for it, got that if I was approved 5-7 business days I'd get the card after money was put into the account. Well I checked tonight that the money was taken from my checking account via a ACH transaction, so I'm assuming I was approved, however I check online and it still says we have received your application, for an expiate call at 18885036090... I hate calling, for fear that should I call that I'll end up denied. But they took my security deposit from my checking account, so one would assume that I was approved. Right???
Many secured cards will take in the money as part of the application process and then rule on the application. While you are likely approved having the money transferred in is not conclusive. If you are not approved they will return the funds to you.
11-23-2009 07:38 PM
Right and congratulations.
It takes 10 months at a minimum now to go unsecured and you would probably have to call after the 10th statement. Don't go over the credit limit, don't miss a payment and they will treat you right.
11-24-2009 11:42 AM
11-24-2009 11:52 AM
11-25-2009 02:49 AM
I had a secured Bofa Card...had it for about 9 months, with no lates..and I called and they unsecured it. It was simple. And yes, I still have the annual
fee..but it's the only card I have and I'm grateful to Bofa for giving me a chance(I also had a checking account with them at the time.)
Funny, I walked into a credit union I had a 2 checking accounts with, handed them $300 for a secured card and they denied me because of my
poor credit..mostly med collections. It was humiliating! LOL...Here I am offering you my money for collateral and you deny me?
Oh well....It all worked out in the end and Ive never had a problem with Bofa, ever!
11-25-2009 03:20 PM
that seems dumb, I mean your offering cash money as a colleratial here, and they still deny people. I understand denying people with bad histories with that bank, but a credit union.... Oh well. I'm pretty happy to have that extra credit as emergency credit. Oh trust me I'll use it once or twice a month for a package of gum or at most a meal at Subway, but this is a card that I plan to PIF or leave a very small balance on.
trust me it takes a lot to turn around a credit history to the positive, but it takes 5 seconds to turn it negative. heck I'm pissed off at my mother who had a kohl's charge card and got a small item, I think it was like a 12 dollar pair of sunglasses. What she FORGOT to do was pay it... for 4 MONTHS! she had me as an authorized user, I got a card too and was going to use it on some christmas purchases.... well to my surprise when I checked the online account that it was closed for non-payment.. Needless to say I paid that puppy off right then and there. It doesn't effect my credit as it's not on any of my reports, but still I think I may just strangle her!
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.