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Valued Member
SnowWalker
Posts: 92
Registered: ‎09-06-2008
0

got 99/500 packet mail counter offer from BOA

[ Edited ]
Hey, I thought it was interesting. I got this packet in the mail and I was unsure  what was that.. has all the infomation about $99 for $500 CL.  should I go for it? it has acceptance certificate to tear it off and mail it with either a check for $99 or write in BOA account #.  also got APR terms "Secured Card Account Terms"  17.99% APR and an evelop address says  Secured Card Opreations ( RM) FIA Card Services, blah blah blah. top of the page it says World Points Rewards for $99/ 500 offer is this normal verison of card product for this kind of offer?   my questions for this.. should I go for it? its kinda of strange I got this kind of offer considering that I had MBNA accounts IIB when I filed it.   2nd question.  will BOA care if my dad writes a check for $99 to them and I just sign it?  at 1st I thought this mail packet was actually junk catalog credit approval thing.. but to open it only to see this kind of offer.  thoughts ???  
Message Edited by SnowWalker on 12-01-2008 10:17 AM
Looking to get back into 700s club by scratch that about 2012 maybe even 2010 :smileyhappy: faster than I had thought. aiming for $10,000 Credit Card by 2010 as well ! as of 9/15/08 EX 662 EQ 681 TU 662
Valued Contributor
cobra19
Posts: 1,424
Registered: ‎07-24-2007
0

Re: got 99/500 packet mail counter offer from BOA

Snow.......without a doubt several folks are going to respond to your post by encouraging you to go for it, based on their experience with the 99/500 card. In advance, I will respectfully disagree.

 

Your scores are fairly decent. Too good to even consider a secured (or partially secure) card. With a 681 EQ you will be able to get a failrly good cl from most CU's. MOst CU's pull EQ, exclusively. I would also venture to say Chase and/or WAMU would approve you with your current EX score.. My sister was recently approved by WAMU for 4500 with a 642 EX.

 

So.....before spending $$ for a secured card, I'd look elsewhere first.

 

.

New York Yankees - 2009 World Series Champions. 27... and counting.....
Valued Member
SnowWalker
Posts: 92
Registered: ‎09-06-2008
0

Re: got 99/500 packet mail counter offer from BOA

cobra, thanks for reply with infomation as well.. so even when I had them IIB I should ingore this kind of offer? I am just surpised because BOA usually does not like giving 2nd chances for BK.
Looking to get back into 700s club by scratch that about 2012 maybe even 2010 :smileyhappy: faster than I had thought. aiming for $10,000 Credit Card by 2010 as well ! as of 9/15/08 EX 662 EQ 681 TU 662
Senior Contributor
score_building
Posts: 3,578
Registered: ‎01-10-2008
0

Re: got 99/500 packet mail counter offer from BOA

[ Edited ]

to app boa with a bk and get the 99/500 is a nice oppurnity if you want boa.  the card will graduate to unsecured with good behavior.  i think boa is among the top prime lenders, preferable to chase or citi IMO.

 

 

Message Edited by score_building on 12-02-2008 02:11 PM
FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Regular Contributor
hayhayday
Posts: 208
Registered: ‎10-15-2008
0

Re: got 99/500 packet mail counter offer from BOA

you dont need to accept it but if you want an in with BOFA you should...

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