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got 99/500 packet mail counter offer from BOA

Valued Member

got 99/500 packet mail counter offer from BOA

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 Smiley Happy 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
Message 1 of 5
4 REPLIES
Valued Contributor

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.....
Message 2 of 5
Valued Member

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 Smiley Happy 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
Message 3 of 5
Senior Contributor

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

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
DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 4 of 5
Regular Contributor

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...
Message 5 of 5