topic Re: Good News!!! BofA removes AF in Credit Cards

Good News!!! BofA removes AF

Anonymous — Tue, 05 Mar 2019 12:44:16 GMT

Good news for credit rebuilders and establishers. The $39 annual fee has been removed from the BankAmericard secured credit card.

Re: Good News!!! BofA removes AF

pinkandgrey — Tue, 05 Mar 2019 16:31:11 GMT

That’s definitely good news for people in the market for secured cards! Honestly that’s probably the only card BofA would give me lol. They hate me.

Re: Good News!!! BofA removes AF

Anonymous — Tue, 05 Mar 2019 18:57:32 GMT

@pinkandgrey wrote:
That’s definitely good news for people in the market for secured cards! Honestly that’s probably the only card BofA would give me lol. They hate me.

I started out with that card and within a year I had a BOA Premium rewards with a 25k limit. Now two years later I also have an Amtrak Card with a 25k limit. You have to start somewhere.

Re: Good News!!! BofA removes AF

Anonymous — Wed, 06 Mar 2019 06:08:56 GMT

@Anonymous wrote:
@pinkandgrey wrote:
That’s definitely good news for people in the market for secured cards! Honestly that’s probably the only card BofA would give me lol. They hate me.
I started out with that card and within a year I had a BOA Premium rewards with a 25k limit. Now two years later I also have an Amtrak Card with a 25k limit. You have to start somewhere.

Wow! That's a huge jump within a year. What type of deposit relationship do you have with BOA?

Re: Good News!!! BofA removes AF

zerofire — Thu, 07 Mar 2019 21:50:58 GMT

Bank of America is one of the friendlier card issuers. They used to offer a 500/99 BankAmericard Cash Rewards for anyone that was just short of getting approved. That means $500 limit with $99 down. The only catch was you had to apply for the regular card. If Bank of America dropped your AF then there is a good chance that it will unsecure if you keep going the way you are going. Bank of America makes money from businesses and investments not from CC's, savings, and checking. The only reason that they let you have the later is because it makes them look like a fully rounded bank and they get a few pennies. They are not a big fan of beating around the bush and will help realistically so clearly the AF was the first thing that was going to be a pain point for you in their eyes. Bank of America can and will go far with you the only thing they ask for is a relationship based on respect.