topic Re: BofA secured card in Credit Card Applications

BofA secured card

Anonymous — Mon, 21 Aug 2017 16:59:38 GMT

I had app'd a BofA card recently, I don't recall exactly what it even was. Instant denial. At any rate, I got a mailer friday for a secured BofA credit card...$300 deposit THEN they would tell me the credit limit. Is there any earthly reason I'd take this offer? My scores are around 690, youngish average age of accounts, 2 years, 11 months, no baddies, 34% util.. I have 4 AMEX accounts, a couple of Barclays, 3 Cap1, and other odds and ends, none of which are, or were ever secured.

Am I missing something here?

Re: BofA secured card

bigpoppa09 — Mon, 21 Aug 2017 17:46:10 GMT

Yes because the card graduates to unsecured in no time that's your way in. They have shown me nothing but luv.

Re: BofA secured card

fltireguy — Mon, 21 Aug 2017 17:48:04 GMT

Take it. That's probably the best secured card there is, in terms of unsecuring quickly and also CLI. I started with them with a 99/500 card in 5/16. Unsecured in 11/16, and is now at $5.5k

Re: BofA secured card

Anonymous — Mon, 21 Aug 2017 18:05:43 GMT

Good grief, now I have to dig through my kitchen trash and find the offer.

Re: BofA secured card

Anonymous — Mon, 21 Aug 2017 18:57:59 GMT

@Anonymous wrote:
I had app'd a BofA card recently, I don't recall exactly what it even was. Instant denial. At any rate, I got a mailer friday for a secured BofA credit card...$300 deposit THEN they would tell me the credit limit. Is there any earthly reason I'd take this offer? My scores are around 690, youngish average age of accounts, 2 years, 11 months, no baddies, 34% util.. I have 4 AMEX accounts, a couple of Barclays, 3 Cap1, and other odds and ends, none of which are, or were ever secured.

Am I missing something here?

I am curious to why they offerred you the total secured card. I had score of 528 Trans Union when I applied and they offered 99/500 cash rewards card. If were you I would just apply for an unsecured card with them if you want one. With your scores and having no negatives a secured card really doesn't make sense.

Re: BofA secured card

fltireguy — Mon, 21 Aug 2017 19:09:06 GMT

@Anonymous wrote:
@Anonymous wrote:
I had app'd a BofA card recently, I don't recall exactly what it even was. Instant denial. At any rate, I got a mailer friday for a secured BofA credit card...$300 deposit THEN they would tell me the credit limit. Is there any earthly reason I'd take this offer? My scores are around 690, youngish average age of accounts, 2 years, 11 months, no baddies, 34% util.. I have 4 AMEX accounts, a couple of Barclays, 3 Cap1, and other odds and ends, none of which are, or were ever secured.

Am I missing something here?

I am curious to why they offerred you the total secured card. I had score of 528 Trans Union when I applied and they offered 99/500 cash rewards card. If were you I would just apply for an unsecured card with them if you want one. With your scores and having no negatives a secured card really doesn't make sense.

OP said they Apped and were declined