topic Re: BOA Secured....Unsecured! in Credit Cards

BOA Secured....Unsecured!

BrokaToe — Thu, 28 Feb 2013 03:27:23 GMT

I was checking my bank account earlier and noticed I had a 99$ deposit that posted. I knew instantly what it had to be. But my BOA Secured card was only 9 months old so when I looked at the account info for my card, the limit was now showing $2000!

So they unsecured my $500 secured card and gave me an auto 4x increase to $2000. I'm so freaking excited I can't stand it. I wasn't expecting any unsecuring action for another 3 months. Plus they did all that without me initiating it. So I'm assuming it was all done with a soft pull. If they do all this auto, shouldn't it be a soft pull?

Re: BOA Secured....Unsecured!

sphinx313 — Thu, 28 Feb 2013 03:31:48 GMT

SSSSSSSCOREEEEE! Congrats!

Re: BOA Secured....Unsecured!

BrokaToe — Thu, 28 Feb 2013 04:27:04 GMT

@sphinx313 wrote:
SSSSSSSCOREEEEE! Congrats!

Thanks! It was quite the pleasant surprise that's for sure.

Re: BOA Secured....Unsecured!

rtw — Thu, 28 Feb 2013 04:29:29 GMT

Congrats! That's awesome.

Re: BOA Secured....Unsecured!

Anonymous — Thu, 28 Feb 2013 04:33:03 GMT

Congrats!!! Mine is 6 months old and I can't wait for it to graduate!! That's a nice increase they gave you too!! What is ur highest credit limit on other cards? You may have it posted but I'm on my cell phone and can't see everything.

Re: BOA Secured....Unsecured!

BrokaToe — Thu, 28 Feb 2013 04:39:24 GMT

Well I was just approved for Discover It with a $7000 credit line. I've already received the card a couple of days ago, but it's not reporting yet. So the BOA at $500 was actually my highest limit as far as they could see. But I pushed about $800 a month through it, making payment at least 3 times a month. And of course always paying in full each month as soon as the statement cut. I never let a statement cut with more than 10% util on it.

Plus I think they pull TU for increases, and it's gone up a lot over the last few months, currently at 711.

Re: BOA Secured....Unsecured!

2011beginnings — Thu, 28 Feb 2013 04:40:28 GMT

Sweet. Congrats!

Re: BOA Secured....Unsecured!

Anonymous — Thu, 28 Feb 2013 04:42:24 GMT

Well, that's encouraging. Next week my highest limit of 6k will show up so that will be nice. I use the boa card alot too and pay it off weekly. I just got the rewards added to it....have you added that to yours yet?

Re: BOA Secured....Unsecured!

BrokaToe — Thu, 28 Feb 2013 04:45:55 GMT

@Anonymous wrote:
Well, that's encouraging. Next week my highest limit of 6k will show up so that will be nice. I use the boa card alot too and pay it off weekly. I just got the rewards added to it....have you added that to yours yet?

Actually mine came with rewards already attached. I had originally apped for the Visa Sig card and was denied, but they countered the 99/500 card and I took it. But when it came in the mail it was a Cash Rewards 123 card, although secured, but I wasn't complaining. I've redeemed probably around $100 in rewards in the last 9 months, love it!

Re: BOA Secured....Unsecured!

Anonymous — Thu, 28 Feb 2013 04:49:38 GMT

That's great! I just found out about it here a while back and got it added. As much as I use that card, I should accumulate money fast too

Re: BOA Secured....Unsecured!

BrokaToe — Thu, 28 Feb 2013 04:53:45 GMT

Yep it's a nice compliment to the Discover It and Freedom, pretty much have the rewards covered with those 3. Of course others may choose other rewards cards, just all depends on what kind of shopping you do most I suppose.

Re: BOA Secured....Unsecured!

Epcot — Thu, 28 Feb 2013 05:04:11 GMT

Now that's great, Congrats!

Re: BOA Secured....Unsecured!

Anonymous — Thu, 28 Feb 2013 05:10:34 GMT

How can one acquire $99/$500 card?

Re: BOA Secured....Unsecured!

Tran92 — Thu, 28 Feb 2013 05:17:06 GMT

Congrats! I can't wait until my graduate as well.

Re: BOA Secured....Unsecured!

BrokaToe — Thu, 28 Feb 2013 05:40:56 GMT

@Anonymous wrote:
How can one acquire $99/$500 card?

It's only available as a counter offer if you're denied a unsecured card application. As far as I know it's only available for online apps. You can apply for their regular secured product without having to receive the offer though. But that one is fully secured.

Re: BOA Secured....Unsecured!

Anonymous — Thu, 28 Feb 2013 05:44:44 GMT

So I have to burn a HP for an unsecured card and hope for the $99/$500 offer? Ill be denied a unsecured product.

Re: BOA Secured....Unsecured!

BrokaToe — Thu, 28 Feb 2013 12:43:10 GMT

@Anonymous wrote:
So I have to burn a HP for an unsecured card and hope for the $99/$500 offer? Ill be denied a unsecured product.

In order to receive the 99/500 deal you do. The also did another HP for the partially secured card after I accpted the offer. So I received 2 HP for that one card But if you're just starting to rebuild your credit, then the HP don't matter quite as much. The new TL can actually have a positive effect on your score once reported. So everything bounces back. Depending on how many accounts you currently have reporting.