topic Re: Bank of America Secured card in Credit Cards

Bank of America secured credit card

razzy116 — Fri, 04 Sep 2020 03:17:03 GMT

I have a secured credit card with a $99.00 deposit that was opened 4/20 and got a letter that said they carefully reviewed my application along with economic and loss trends and credit reports provided by the credit reporting agency listed below. we also considered your relationship with us and they are not able to approve to get the card unsecured.The card was open for les than 5 months. Do you think i can get the card unsecured now? Any help would be appreciated. Sorry for the long post. Thank you and be safe.

Re: Bank of America secured credit card

AllZero — Fri, 04 Sep 2020 03:25:04 GMT

@razzy116 wrote:
I have a secured credit card with a $99.00 deposit that was opened 4/20 and got a letter that said they carefully reviewed my application along with economic and loss trends and credit reports provided by the credit reporting agency listed below. we also considered your relationship with us and they are not able to approve to get the card unsecured.The card was open for les than 5 months. Do you think i can get the card unsecured now? Any help would be appreciated. Sorry for the long post. Thank you and be safe.

@razzy116 That is unfortunate about your denial. Generally, 5 months is the earliest for graduation. Try again every following month and beyond until graduation is approved. Not knowing your credit profile, you may want to strengthen it if it is weak.

Re: Bank of America secured credit card

M_Smart007 — Fri, 04 Sep 2020 03:26:48 GMT

I would keep trying, maybe every 60 days?.

Re: Bank of America secured credit card

razzy116 — Fri, 04 Sep 2020 13:13:18 GMT

I forgot to say, i got the letter on August 3,2020

Bank of America Secured card

razzy116 — Sun, 13 Sep 2020 05:26:55 GMT

I went to my Bank of America Credit card website and went to the services link, i have a Bank of America secured Credit card $99.00 deposit $500 credit limit it says credit limit increase does that mean my card is unsecured? I did not pull the trigger, i have had the card since April 2020. Thank you and be safe.

Re: Bank of America Secured card

Anonymous — Sun, 13 Sep 2020 05:31:57 GMT

If you aren't already graduated/unsecured, you may call customer service to request an early graduation and CLI on your card now.

Re: Bank of America Secured card

razzy116 — Sun, 13 Sep 2020 15:58:22 GMT

I might have word it wrong, does the limit increase button mean that my secured card graduated? Thank you and be safe.

Re: Bank of America Secured card

coldfusion — Sun, 13 Sep 2020 16:11:01 GMT

What exactly does it say?

Re: Bank of America Secured card

razzy116 — Sun, 13 Sep 2020 16:28:09 GMT

@coldfusion wrote:

What exactly does it say?

I went to the website last night and saw the limit increase button, i don"t remember if i saw the the limit increase button a few weeks ago.

Re: Bank of America Secured card

Anonymous — Sun, 13 Sep 2020 19:54:03 GMT

Hello! It might be a little off-topic, but how were you offered that $99 deposit for the partially secured card? Were you already a BofA customer before that offer?

Re: Bank of America Secured card

coldfusion — Sun, 13 Sep 2020 22:38:53 GMT

@razzy116 wrote:
@coldfusion wrote:

What exactly does it say?
I went to the website last night and saw the limit increase button, i don"t remember if i saw the the limit increase button a few weeks ago.

What is the exact wording though on the limit increase button? Having it just show up one day isn't unusual.

Re: Bank of America Secured card

razzy116 — Mon, 14 Sep 2020 04:39:29 GMT

@coldfusion wrote:
@razzy116 wrote:
@coldfusion wrote:

What exactly does it say?
I went to the website last night and saw the limit increase button, i don"t remember if i saw the the limit increase button a few weeks ago.
What is the exact wording though on the limit increase button? Having it just show up one day isn't unusual.

It says credit line increase. Thank you and be safe.

Re: Bank of America Secured card

coldfusion — Mon, 14 Sep 2020 11:32:51 GMT

That isn't the exact phrasing BoA generally uses on their luv button. Can you use a snipping tool to capture and post what it is you're seeing?

It could be useful for the next person who encounters the same senario.

Re: Bank of America Secured card

Anonymous — Mon, 14 Sep 2020 11:50:46 GMT

@Anonymous wrote:
Hello! It might be a little off-topic, but how were you offered that $99 deposit for the partially secured card? Were you already a BofA customer before that offer?

Not OP but I also got that offer for the Cash Rewards secured card by applying for the u secure version but getting denied. Called recon and they offered it to me.

Bank of America credit card limit increase

razzy116 — Wed, 16 Sep 2020 00:57:03 GMT

Should i try to get a credit limit increase? I have had the card since April 2020, no collections. Thank you and be safe.

Re: Bank of America credit card limit increase

razzy116 — Wed, 16 Sep 2020 00:57:56 GMT

TU score 674.

Re: Bank of America credit card limit increase

Anonymous — Wed, 16 Sep 2020 00:58:42 GMT

I'm not a BOA guru but if it's a soft pull then it can't hurt to ask. What's your limit now? How much are you looking for?

Re: Bank of America credit card limit increase

cashorcharge — Wed, 16 Sep 2020 01:33:21 GMT

From a timing aspect, you're eligible...but does the "Request Credit Line Increase" link show up online when you look at your account?

That's typically their indicator of "try your luck it might work out"

If the link does not exist, you will be told no

If the link does exist, they will go off a previous SP to make their decision.

Re: Bank of America credit card limit increase

AllZero — Wed, 16 Sep 2020 01:40:47 GMT

Is it secured or did you graduate to unsecured?

https://ficoforums.myfico.com/t5/Credit-Cards/Bank-of-America-secured-credit-card/m-p/6134779

Re: Bank of America credit card limit increase

coldfusion — Wed, 16 Sep 2020 10:38:03 GMT

Have you confirmed yet whether or not the card has unsecured?

https://ficoforums.myfico.com/t5/Credit-Cards/Bank-of-America-secured-credit-card/td-p/6125503