topic Re: BoA PC Question in Credit Cards

BoA PC Question

mathman — Sun, 20 Apr 2014 05:58:45 GMT

Hi all -

I just got my BoA Secured Card with a $4000 deposit converted to a fully unsecured card with a $7500 credit limit. I was shocked that they did this because my scores are 630/650/625, but I've used the card very heavily and PIF each month.

Anyway, with the $7500 CL, I asked that they add a Signature to it, and they said they couldn't because it was previously a secured card. Right now, it's a Cash Rewards 1-2-3 card. Do you think they'd let me PC it to the Better Balance card? Or am I stuck with this card because it was once secured?

Thanks,

MM

Re: BoA PC Question

bigblue7722 — Sun, 20 Apr 2014 12:31:50 GMT

I was wondering the same thing. Mine will hopefully be unsecured next month. Congrats on getting yours unsecured do it ask to do it or was it just automatic? I dont want to pay the AF anymore so Idk how that would work if we PC to a non AF card? Your best bet would be to call the backdoor numbers or even email their ceo. They have not been very helpful or nice to be honest when I have called them. I would much rather deal with discover or the EO at capital one.

Re: BoA PC Question

Revelate — Sun, 20 Apr 2014 13:36:03 GMT

Not certain on the Visa Sig, but I PC'd my previously secured card to a Travel Rewards and got the AF removed without issue about a year ago.

Probably wouldn't be an issue if I attempted to PC it that to a Better Balance card, I suspect the Siggy was the sticking point.

Re: BoA PC Question

grinlikechelsea — Sun, 20 Apr 2014 15:44:43 GMT

I know they will let you PC to the BBR. I would ask again after some time has passed because it seems that different representatives give different answers. Good luck!

Re: BoA PC Question

Anonymous — Sun, 20 Apr 2014 15:57:45 GMT

Yes try a different rep

Re: BoA PC Question

kmorr2586 — Sun, 20 Apr 2014 17:41:33 GMT

Don't bother calling. Use the chat function. When I originally called they couldn't PC my americard to anything- and I called a few times- so I tried the chat and went from americard to cash rewards to the accelerated AMEX. Let me know how the chat works for you.

Re: BoA PC Question

newUser0 — Sun, 20 Apr 2014 17:57:42 GMT

@Revelate wrote:
Not certain on the Visa Sig, but I PC'd my previously secured card to a Travel Rewards and got the AF removed without issue about a year ago.

Probably wouldn't be an issue if I attempted to PC it that to a Better Balance card, I suspect the Siggy was the sticking point.

+100% True,

Did this last month. You should NOT talk about AF Fee waiver, just PC to a Card with NO AF.

They will automatically refund you AF, if you paid, and make your card NO AF

Re: BoA PC Question

dodgerslv — Sun, 20 Apr 2014 18:01:10 GMT

@mathman wrote:
Hi all -

I just got my BoA Secured Card with a $4000 deposit converted to a fully unsecured card with a $7500 credit limit. I was shocked that they did this because my scores are 630/650/625, but I've used the card very heavily and PIF each month.

Anyway, with the $7500 CL, I asked that they add a Signature to it, and they said they couldn't because it was previously a secured card. Right now, it's a Cash Rewards 1-2-3 card. Do you think they'd let me PC it to the Better Balance card? Or am I stuck with this card because it was once secured?

Thanks,

MM

first off, congrats on the graduation of your secured card. I love BofA myself, they have been real good to me! I also started with a secured card with them back in May of 2012 with a 2k depsit. I requested at an early graduation around April 2013 along with a increase to 5k and it was granted. I didnt request an upgrade to visa signature cuz of my scores being around 660-675 accross all 3. Around 6 months after i got an auto CLI of 3k and thats when i called and requested it to be upgraded to signature. Scored were around 700 then. So my suggestion is that wait until your scores go up a little more. If those are your real Fico scores then i would wait. It may seem since the card just graduated combined with the low scores, they may be hesitant to upgrade you at the moment (my personal opinion of course). Just keep doing at what your doing and you will be upgraded sooner than later.

Re: BoA PC Question

Revelate — Sun, 20 Apr 2014 21:32:31 GMT

@newUser0 wrote:
@Revelate wrote:
Not certain on the Visa Sig, but I PC'd my previously secured card to a Travel Rewards and got the AF removed without issue about a year ago.

Probably wouldn't be an issue if I attempted to PC it that to a Better Balance card, I suspect the Siggy was the sticking point.

+100% True,
Did this last month. You should NOT talk about AF Fee waiver, just PC to a Card with NO AF.
They will automatically refund you AF, if you paid, and make your card NO AF

They should, but in my case they didn't and I had to call again; wasn't a big deal, talked to one of their second level folks and she simply stated this should have been done already, set it right, and backed out the AF which had been charged even if I didn't ask for that and didn't honestly care.

BOFA gets a bad rep on this forum, likely from the issues during the financial crisis, but I've never had an issue with them that I didn't cause, and their policies around their secured card not only graduating but not stuck with some product restriction is bar none best in the industry for establishing credit with a long-term anchor tradeline... to say nothing of their rewards package which on a secured card, is likewise second to none.

Re: BoA PC Question

bigblue7722 — Sun, 20 Apr 2014 22:04:42 GMT

@Revelate wrote:
@newUser0 wrote:
@Revelate wrote:
Not certain on the Visa Sig, but I PC'd my previously secured card to a Travel Rewards and got the AF removed without issue about a year ago.

Probably wouldn't be an issue if I attempted to PC it that to a Better Balance card, I suspect the Siggy was the sticking point.

+100% True,
Did this last month. You should NOT talk about AF Fee waiver, just PC to a Card with NO AF.
They will automatically refund you AF, if you paid, and make your card NO AF
They should, but in my case they didn't and I had to call again; wasn't a big deal, talked to one of their second level folks and she simply stated this should have been done already, set it right, and backed out the AF which had been charged even if I didn't ask for that and didn't honestly care.

BOFA gets a bad rep on this forum, likely from the issues during the financial crisis, but I've never had an issue with them that I didn't cause, and their policies around their secured card not only graduating but not stuck with some product restriction is bar none best in the industry for establishing credit with a long-term anchor tradeline... to say nothing of their rewards package which on a secured card, is likewise second to none.

I do love their secured card o probably got over 100 dollars in rewards. I got frustated because mine didnt unsecure earlier but I am hoping 5/15/14 my 1 year they will unsecure it or else Im gonna cancel and get my 300 dollars back. Funny thing about their secured card. I emailed the EO at BOA and they told me it was a hard pull no matter what and I might as well take it now. I told her thats not true and she started to get angry with me. Then I called the back door number and they told me the same thing. I told them that is not what I heard and that it is a soft pull to unsecure as long as its automatic and I didnt request it. He then goes to tell me BOA doesnt soft pull unless they think i am a risk which i am not because I pay every month in full. I told him thats a lie cause I am looking at my credit report right now and I see boa has soft pulled me like 5 times, he was speechless. So then the next night I go to chat with the credit card people on BOA's website and they told me that its only a HP if I ask them to unsecure and a soft pull if they do it automaticly. Gotta love BOA customer service I think they are worse the cap one.

Re: BoA PC Question

HiLine — Sun, 20 Apr 2014 22:22:30 GMT

It took me 2 calls (to different lines) to remove the annual fee from my graduated Cash Rewards secured card. Later on I switched to BBR; this process took one call and was very easy.

I always got what I wanted from BofA, including but not limited to:

Cash Rewards secured credit card

Travel Rewards credit card

Annual fee removal

2 credit limit increases (2k-->12k, 5k-->10k)

APR reduction (24%-->11%)

Product change (Cash Rewards --> Better Balance Rewards)

Purchase disputes

Re: BoA PC Question

salek10 — Fri, 25 Apr 2014 03:38:33 GMT

@HiLine wrote:
It took me 2 calls (to different lines) to remove the annual fee from my graduated Cash Rewards secured card. Later on I switched to BBR; this process took one call and was very easy.

I always got what I wanted from BofA, including but not limited to:

Cash Rewards secured credit card
Travel Rewards credit card
Annual fee removal
2 credit limit increases (2k-->12k, 5k-->10k)
APR reduction (24%-->11%)
Product change (Cash Rewards --> Better Balance Rewards)
Purchase disputes

I have a question about the whole PC process with BofA... I requested a PC from an old Platinum Visa with no rewards to a BBR card... I called and the CSR said yeah I would recieve my new BBR card in the mail.... Today I got a new card but it's the very same Platinum Card just with a new expiration date... IS this my new BBR card?? I think I read somewhere in here that if you PC you would get a new credit card and a new account number... idk I might be wrong

Re: BoA PC Question

Anonymous — Sat, 26 Apr 2014 02:07:47 GMT

your old card was probably close to expiring and thats a re-issue. you'll get another card that looks different along with the reward info details. looks like a coincedence that happened at the same time