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Approved for BofA Secured!!!! YAY!!!!

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bigblue7722
Valued Contributor

Re: Approved for BofA Secured!!!! YAY!!!!

Congrats on getting approved! I got my bank of america secured 123 rewards a couple of months ago. Its kind of a pain how they do it but they will send you out your regular not rewards card first no matter when you call. I think I called like 2 days after i figured out that i was approved and it still took atleast three weeks maybe more to get the rewards card. I also thought how they approve you is the craziest thing they did the same thing to me. When i applied it said they cant make a decision right away and it made me pretty upset and want to apply for a different secured card. But I stopped myself and checked my bank account first thing the next day and they took the money out. Also please note secured cli are a hard pull which really stinks but its a great card otherwise. 

AMEX PRG NPSL,Lowes $17000,Capital One venture card $12,000,Us Airways mastercard $9500,Fidelity Amex $9000, Discover it $8000, Capital One Venture One $7500, BOA 123 rewards $7500 CSP $6000, Capital One Quicksliver $5500, Amazon Store card$5000,Barclay
Card Ring $5000 Chase Marriott $5000,Chase Hyatt $5000, Sallie Mae Mastercard $4400, Paypal smart connect $4000,Chase Freedom $3200, Capital one Quicksliver visa $3000, Chase IHG Rewards $2300, Chase Southwest Premier $2000, Citi Double Cash $1500, AMEX BCE $1000

Last app July 22nd 2015- No apps for two years.
Message 11 of 14
JamesKnox
Regular Contributor

Re: Approved for BofA Secured!!!! YAY!!!!

@justrock

 

I literally had it done online. I applied yesterday. Got the 7-10 notice message. Checked my account this morning. They had deducted the amount. 

I was online and spoke with specialist via chat. Told them, I inquired at a branch and was told by employee that I should immediately convert my secured card to 123 Rewards. She (online specialist) said I actually can help you with the converstion. She asked me a few questions and submitted the conversion. Took MAYBE 5 minutes. 


Starting Score: (FICO)(August 29, 2013) 502(EQ) 568(EX) 549(TU)
Current Score: (FICO) (January 28, 2017) 712(EQ) 720(EX) 720(TU)
Goal Score: 720(EQ) 720(EX) 720(TU)

Amex Business Platinum NPSL | Chase Sapphire Preferred $15,000 | Chase Freedom $9000 | Amex ED $1,000 | BofACash Rewards $3100 | Amazon Store Card $4000
Message 12 of 14
myjourney
Super Contributor

Re: Approved for BofA Secured!!!! YAY!!!!


@JamesKnox wrote:

I am so excited! I woke up this morning and logged into my Bank of America account. The usual 2 accounts that I have with them were listed (2 checking accounts) BUT to my surprise, there was a 3rd line! My new Bank of America Secured Card that I applied for yesterday! :-)  I was nervous because the message I received right after applying was that whole "we cant make an instant decision right now..." 

 

Anywho! I am VERY excited and I wanted to ask the myFICO family something. I know everyone says SWITCH TO THE CASH REWARDS CARD! My question is....WHEN? Do I call now before I even have the card or do I wait until I receive the first card? Please let me know as soon as possible. 

 

Just to let you all know...My Fico score with equifax is only 502! And I still got approved! I was soooo nervous when applying. I wonder if the fact that I have 2 open accounts with them makes a difference? Anyway...Im so excited! :-) 


Congarts 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 13 of 14
TC1223
New Contributor

Re: Approved for BofA Secured!!!! YAY!!!!

I just want to say thank you to the OP, I tried what you did, and I got my card converted too! So thank you very, VERY much! =)

Message 14 of 14
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