topic Re: B of A Secured Credit Card? in Credit Cards

B of A Secured Credit Card?

Schoolbuskid — Thu, 25 Oct 2007 21:42:51 GMT

Do anyone know about Bank of America's Secured Card? I have just applied for one and i dont know if i have made a good choice or not but i was reading something that said if you do apply for a card its best to go with one of the bigger companies like BOA so i feel good about that! Any thoughts would be appreciated! Thanks.

Re: B of A Secured Credit Card?

Anonymous — Thu, 25 Oct 2007 21:52:03 GMT

It's one of the best out there, Interest rate is a tad high but small annual fee of only $29. If you keep your utlization down and keep up excellent payment history they will graduate you to a normal card. You made a very good choice going with BoA and getting a secured card as opposed to those sub sub sub prime cards such as Premier , Credit One etc where they will kill you with fee's plus getting a low credit limit.

Re: B of A Secured Credit Card?

Anonymous — Thu, 25 Oct 2007 22:50:36 GMT

It took me 8 months to "graduate" to the unsecured card. Without asking they just sent me a check of my deposit. So far I have had no issues with BofA.

Re: B of A Secured Credit Card?

Schoolbuskid — Fri, 26 Oct 2007 13:46:49 GMT

Thanks guys!

Re: B of A Secured Credit Card?

Anonymous — Fri, 26 Oct 2007 16:16:58 GMT

Great news Boswd & RGordan! Just got mine last week.

Looks like I finally chose wisely for a cc.

Mucho thanks for you all's input.

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