Regular Contributor
Posts: 243
Registered: ‎06-07-2011
Re: 7-10 message on secured credit card app
[ Edited ]

mt2va wrote:

I thought about trying BofA but most people's experience on this board seems to be that they are more for establishing credit than re-building credit.  I will wait to see what happens with this card and either try them or a 2nd USAA card.  I just thought it might be better to diversify my lenders while I'm fixing my credit.

Negative!!! Unless maybe you have a BK? I had a few COs and two of them were from BOFA. One was paid off in full through a CA and the other was sold and settled through the CA that owned it. All of my COs and negative info is to drop off in 2015. Yet I was approved for the BOFA secured card which then I was able to add the rewards to it after just a few months owning it. Will be 1 year in Jan of next  year that I've had it.


So in my case I wouldn't say that the card is more for establishing credit than rebuilding. As always YMMV. Hope this helps.