I found this online regarding BofA secured requirements:
Thank you for your e-mail. Secured credit cards are accounts with the
credit limit secured by a Bank of America savings account balance. The
Secured Card accommodates customers that ordinarily would not qualify
for an unsecured Credit Card. You are not required to have a
pre-existing relationship with Bank of America to apply for a secured
credit card account.
To be eligible for a secured account, you must meet the following
Minimum age 18
Must be an U.S. citizen or permanent resident with a valid social
security number or Tax payer I.D. number with a US mailing address (for
nonresident alien, refer to Non-Resident Alien policy)
No Unpaid Bank of America charge-off
No Repossession (voluntary or involuntary) < 36 months
No Foreclosure (includes deed in lieu) < 36 months
No known unpaid charge-off accounts > $1000 with any financial
institution including retail cards and student loans < 36 months
The Secured Credit Card account will be reviewed for graduation at 12
months. Accounts passing the graduation criteria will be upgraded to an
unsecured account. At that that time, notification is sent to advise you
that the collateral funds (secured savings) have been released.
If the account fails the graduation criteria, the account will be
reviewed against specific policy criteria for graduation twice a year.
If you have any further questions please feel free to contact us from
the web via http://www.bankofamerica.com/contact.
Leesa Kirkland, Credit Card Online
I read that you can have a BK, but it has to be more then 3 years past discharge. I read that someone got appoved for a card with less then 2 years post BK.
Does it matter if you are an account holder?
Not sure. Why would you want a secured if you already have another account?