Established Member
gulobasito
Posts: 20
Registered: ‎06-05-2012
BofA partially secured (99/500) card early graduation and CLI

‎11-30-2012 03:34 AM

Hello all,

BofA has just graduated my partially secured CC (aka the 99/500 card), right after the 10th statement cut. They have also increased the credit line to $2,000. I'm assuming this is all with a SP since I did not ask for anything.

I have been using the card quite a bit, especially in the last 5 months – $700 charged per month on average, with a payment every week to bring down the balance to $0.

Hope this will be of use to those of us who went this route for building and rebuilding.
FICO scores: EQ 750 (Jul 2012)
Wallet: BofA Cash Rewards $2k, BofA Travel Rewards $7.5k, Discover It $5k, Amex Zync NPSL
Status: Attending to the garden.
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Established Contributor
snowkitty
Posts: 636
Registered: ‎09-10-2012
Re: BofA partially secured (99/500) card early graduation and CLI

‎11-30-2012 04:01 AM

Congrats!! :catvery-happy:   I have one of those too but it's only been opened since August. I can't wait for mine to graduate.....I run through quite a bit and pay weekly like you do. That is a nice limit they gave you!!

TU Fico 714 | Sesame 738 | Credit Karma 734 | Wal-Mart FICO 708 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 5.5k | Citi Diamond Preferred 6k | Bofa Visa 500 | Discover More 1.5k | Wal-Mart 2.5k | Amazon 2.5k | Old Navy 1050 | Shell 600 | BP 400 | VS 500 | Sam's Discover 3.5k | FNBO Amex 6k | Chase Freedom 1k | Brylane Homes 600 | BML 821

*You can find me in the garden.....app free since 3/21/13*
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Moderator
Moderator
webhopper
Posts: 6,713
Registered: ‎09-16-2011
Re: BofA partially secured (99/500) card early graduation and CLI

‎11-30-2012 06:38 AM

gulobasito wrote:
Hello all,

BofA has just graduated my partially secured CC (aka the 99/500 card), right after the 10th statement cut. They have also increased the credit line to $2,000. I'm assuming this is all with a SP since I did not ask for anything.

I have been using the card quite a bit, especially in the last 5 months – $700 charged per month on average, with a payment every week to bring down the balance to $0.

Hope this will be of use to those of us who went this route for building and rebuilding.

This is great news!  Congrats on reaping the early fruits of your efforts!

Way to go!

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Silver Spade Garden Club Member: App Free since 1/1/13. No more apps til 2014
MyFICO Fitness Goal: 800s Club!


Take the myFICO Fitness Challenge
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Blogger
HiLine
Posts: 1,608
Registered: ‎10-19-2012
Re: BofA partially secured (99/500) card early graduation and CLI

‎11-30-2012 08:16 AM

Congratulations! I was going to say it was unusual to 4x the credit limit after graduation, but then I saw you had a card with a near 5k limit already :smileywink:

---> HiLine's personal finance blog - Follow my journey!  :smileylol:


-Taking a break from the forums from 4/23/2013 :smileysad:
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Valued Contributor
Epcot
Posts: 2,592
Registered: ‎10-10-2012
Re: BofA partially secured (99/500) card early graduation and CLI

‎11-30-2012 09:31 AM

Nice, that is great news! Congrats. :smileyhappy:
Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 777 EX 767 TU 771
App free since 4/11/12
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Regular Contributor
Unoriginalnj
Posts: 114
Registered: ‎11-13-2011
Re: BofA partially secured (99/500) card early graduation and CLI

‎12-03-2012 02:24 PM

Anyone have info on this card? Scores needed? Any bad information you had on credit when you applied?
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Established Member
gulobasito
Posts: 20
Registered: ‎06-05-2012
Re: BofA partially secured (99/500) card early graduation and CLI

‎12-03-2012 02:41 PM

Unoriginalnj wrote:
Anyone have info on this card? Scores needed? Any bad information you had on credit when you applied?
I had no baddies, no. And no credit history either, since it is the first card I got upon arrival to the US.

From what I have learned in these forums, you cannot apply for this card directly. You can only get it as a counteroffer from BofA after they have denied you a regular CC.
FICO scores: EQ 750 (Jul 2012)
Wallet: BofA Cash Rewards $2k, BofA Travel Rewards $7.5k, Discover It $5k, Amex Zync NPSL
Status: Attending to the garden.
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New Contributor
GABrown
Posts: 55
Registered: ‎10-23-2012
Re: BofA partially secured (99/500) card early graduation and CLI

‎12-03-2012 07:47 PM

congrats!!! How exciting!!!! Got mine in October and have been paying it down every week as well...I added the Cash Rewards program to it and i love it...I have nothing bad to say about BofA!!!

IN MY PURSE- BankAmericard Cash Rewards Platinum Plus Visa
IN THE GARDEN UNTIL 11/2013
TU-638
EXP-565
EQX-540
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Regular Contributor
Unoriginalnj
Posts: 114
Registered: ‎11-13-2011
Re: BofA partially secured (99/500) card early graduation and CLI

‎01-10-2013 07:56 AM

Any information on your scores and any derogatory info on your reports? May help others considering the card.
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