topic Re: bofa just graduated! in Credit Cards

bofa just graduated!

Anonymous — Wed, 01 Apr 2009 14:45:53 GMT

Finally after 9 months!. It was a secured 300cl that was unsecured with a 500cli. I also got a upgrade to the Worldpoints. The card should be comming in the mail in the next few days. My annual fee is still 29 and the apr is 15.99.

Re: bofa just graduated!

msheresy — Wed, 01 Apr 2009 14:56:32 GMT

Congrats!!!

Did it unsecure automatically or did you call and request it. I have the 99/500 card and the 9th statement cuts around 4/25.

Re: bofa just graduated!

Anonymous — Wed, 01 Apr 2009 15:22:17 GMT

i called in and got it unsecured..They will send a chack in the mail for my refund.

I just called csr after being a lil curious. They told me that I was going to get a upgrade to a Worldpoints. At first i figured I would just keep my previous acct # which was a visa. After speaking with the Rep she told me that the new card was going to be a MC which then would have to be another seperate card. So I went futher to ask them about the Worldpoints MC. They say I will be getting seperate CC with diffrent terms. The terms are 9.99% apr and 0% for 12 months on BT's. They do not know what the CL will be since they are still processing. So that mean that I got my secured Plantinum Plus Visa unsecured with a 500 CLI to 800 and will be recieving the Worldpoints MC also in the mail.

You know I read alot of these forum post since i started rebuilding but I dont recall this happen to anyone yet. Dd i get lucky?

Re: bofa just graduated!

msheresy — Wed, 01 Apr 2009 15:24:13 GMT

Did you call on the day the 9th statement cut or did yuo wait a few days afterward?

Re: bofa just graduated!

Anonymous — Wed, 01 Apr 2009 15:27:50 GMT

i never really pay attention to the dates. Two weeks ago they said i had to wait to april 10th which i know was bull. They sent me a letter saying that I was still early. So after calling about 2 more times I got it done over the phone. My account was open with them June 08

Re: bofa just graduated!

msheresy — Wed, 01 Apr 2009 15:35:40 GMT

Did you call a backdoor # or the # on the back of your card?

Re: bofa just graduated!

Anonymous — Wed, 01 Apr 2009 15:39:59 GMT

At first I had to get trasferred to the secured card dept in order to get it unsecured. Then after i got that done I called to backdoor number to get the PC which the number I dont remember

Re: bofa just graduated!

Anonymous — Wed, 01 Apr 2009 16:05:46 GMT

Congratulations on getting your card unsecured!!

Re: bofa just graduated!

Anonymous — Wed, 01 Apr 2009 16:32:12 GMT

Congrats on the upgrade. As long as you show BOA that you're a responsible borrower, they will reward you and treat you right.

Re: bofa just graduated!

Anonymous — Wed, 01 Apr 2009 18:37:37 GMT

@Anonymous wrote:
i called in and got it unsecured..They will send a chack in the mail for my refund.

I just called csr after being a lil curious. They told me that I was going to get a upgrade to a Worldpoints. At first i figured I would just keep my previous acct # which was a visa. After speaking with the Rep she told me that the new card was going to be a MC which then would have to be another seperate card. So I went futher to ask them about the Worldpoints MC. They say I will be getting seperate CC with diffrent terms. The terms are 9.99% apr and 0% for 12 months on BT's. They do not know what the CL will be since they are still processing. So that mean that I got my secured Plantinum Plus Visa unsecured with a 500 CLI to 800 and will be recieving the Worldpoints MC also in the mail.

You know I read alot of these forum post since i started rebuilding but I dont recall this happen to anyone yet. Dd i get lucky?

Congrats on the 9.99%. That is a great rate! Mine unsecured to 14.99.

Re: bofa just graduated!

Anonymous — Wed, 01 Apr 2009 18:41:27 GMT

The interest rate on my WorldPoints Visa is 14.24% which isn't bad for a rewards card. The interest rate on my Chase PerfectCard is 17.24%.

Re: bofa just graduated!

Anonymous — Thu, 02 Apr 2009 01:22:05 GMT

Has anyone with a secured bofa card had the same situation like me? Besides getting it unsecured you also get another card? I got my platinum plus visa unsecured with a $500 cli and also will receive a Worldpoints MC. So that makes me with two cards with bofa.

Re: bofa just graduated!

Anonymous — Thu, 02 Apr 2009 03:26:08 GMT

yes, many people have been unsecured and upgraded to another card. many on this forum have opted for the boa AmEx, probably because of the prestige associated with that brand---when you go from having crappy credit to the opportunity to get (what once used to be) one of the most prestigious card brands in america, you jump at the opportunity even if it's branded with boa anyway, many folks who got upgraded to a new card usually state that they explicitly requested it--they weren't automatically offered the card of choice.

some (few) were offered the card of their choice during the same day as the call to unsecure was placed. others have been asked to call back in a few billing cycles (two or more after unsecuring). keep in mind this is based on experiences posted on this board, financeglobe card reviews, lithium forums, and financeglobe forums, so it's all anecdotal evidence. it really all depends on a number of factors based on a thorough review by the analysts: payment history, usage patterns, balances on other cards, a review of other accounts, your credit score at the time of unsecuring.

to answer another poster's question, secured department has stated to me on numerous occasions (different reps at different times) that not all customers will be automatically unsecured at 9 months. some may have to call and request a review at that time, others may receive an automatic offer.

lastly, do not expect your card to unsecure without a hitch if there are derogatory accounts on your reports within the last year.

Message Edited by emartin82 on 04-01-2009 08:26 PM

Re: bofa just graduated!

Anonymous — Thu, 02 Apr 2009 03:38:47 GMT

do they often do that though? give you another card on top of your once secured credit card?

Re: bofa just graduated!

Anonymous — Thu, 02 Apr 2009 04:10:46 GMT

I had the 99/500 and called the day it turned 9 months and I mean 9 months to the day from the opening day on my report. I called and since it was under the 12 months the CSR cound not do anything so she sent me over to the Credit department and it was uped to $1000 from the $500 and my $99 check was returned within a week.

Donny

Re: bofa just graduated!

CreditAble — Thu, 02 Apr 2009 04:56:02 GMT

@Anonymous wrote:
do they often do that though? give you another card on top of your once secured credit card?

I believe it will be very common in the future. Banks like Cap1 have been pushing multiple credit cards with lower limits right along. Simply don't apply for or accept any more ( than the two you now have) BoA cards. You don't want to be at the mercy of one bank in the future.

I have predicted that banks will be preferring to issue multiple (lower limit) cards instead of allowing higher limits on one card. It is a natural move in light of the new credit card rules about raising interest rates.

Just be aware of the trap 0% interest rates can be, and you will be fine. Enjoy your TWO for the price of one BoA cards.

Re: bofa just graduated!

Anonymous — Thu, 02 Apr 2009 05:36:17 GMT

Welcome to the Class of 2009. Congratulations.

Re: bofa just graduated!

Anonymous — Thu, 02 Apr 2009 17:19:44 GMT

@Anonymous wrote:
do they often do that though? give you another card on top of your once secured credit card?

Are they giving you a second card, or are they converting your platinum plus visa to a worldpoints mc?

Re: bofa just graduated!

Anonymous — Thu, 02 Apr 2009 23:31:35 GMT

they are giving me both.. go figure

Re: bofa just graduated!

Anonymous — Mon, 06 Apr 2009 18:12:11 GMT

credit report just changed. +8 on EQ

reasons...changed from "secured credit card" to "credit card" and also the CL went from 300 to 800