topic BOA Secured Card Hard Pull for each additional deposit in Credit Cards

BOA Secured Card Hard Pull for each additional deposit

Anonymous — Mon, 06 Oct 2014 02:18:33 GMT

I was wandering does BOA pull a hp report every time you make an additional security deposits?

Re: BOA Secured Card Hard Pull for each additional deposit

IaBoy62 — Mon, 06 Oct 2014 06:56:57 GMT

For me it is a HP on TU every time.

Re: BOA Secured Card Hard Pull for each additional deposit

OhioCPA — Mon, 06 Oct 2014 09:28:33 GMT

@IaBoy62 wrote:
For me it is a HP on TU every time.

Also, apparently for every deposit the clock on unsecuring the card is reset. I would recommend you just leave the card at the current limit and wait for it to unsecure.

Re: BOA Secured Card Hard Pull for each additional deposit

newhis — Mon, 06 Oct 2014 15:10:46 GMT

@OhioCPA wrote:
@IaBoy62 wrote:
For me it is a HP on TU every time.
+1

Also, apparently for every deposit the clock on unsecuring the card is reset. I would recommend you just leave the card at the current limit and wait for it to unsecure.

My DW just increased her limit at 8 month. She knew about the HP but we didn't about the reset.

Well, I hope this new limit helps her to get better limits on her other cards.

Re: BOA Secured Card Hard Pull for each additional deposit

Anonymous — Mon, 06 Oct 2014 15:21:37 GMT

Idk why they would require a hp just to add funds for a credit limit increase

Re: BOA Secured Card Hard Pull for each additional deposit

Anonymous — Mon, 06 Oct 2014 15:50:15 GMT

@Anonymous wrote:
I was wandering does BOA pull a hp report every time you make an additional security deposits?

Yes, they do every single time, i know last year when i had my BOA Secured Credit Card they did.....

Re: BOA Secured Card Hard Pull for each additional deposit

Anonymous — Mon, 06 Oct 2014 15:51:09 GMT

@Anonymous wrote:
Idk why they would require a hp just to add funds for a credit limit increase

That is a good question......

Re: BOA Secured Card Hard Pull for each additional deposit

I_need_720 — Mon, 06 Oct 2014 16:11:56 GMT

If you put a freeze on your reports to prevent the HP, would they reject your addtional deposit? Just a thought....

Re: BOA Secured Card Hard Pull for each additional deposit

newhis — Mon, 06 Oct 2014 16:32:56 GMT

@Anonymous wrote:
@Anonymous wrote:
Idk why they would require a hp just to add funds for a credit limit increase
That is a good question......

Looking from the outside, I think the rules for the "credit game" are not followed the same way by all the lenders. That's why we have SP CLI, HP CLI, HP denial, HP for approve, some SP credit cards, etc.

BoA just decided to HP every credit application or increase. We like SP CLI from Discover and Amex and we don't question why they do it. I'll be happier if BoA SP CLI for extra deposits, but they don't. If we don't like the HP we need to start as high as we can (up to 10K) or don't do deposits. AFAIK there are other secured cards that don't let you put extra money, some do not graduate, others let you deposit without HP, some even give you interest.

Some things I don't like about BoA, like HP for extra deposit, AF that some people can't remove, but I like the cash rewards program.

We need to know the rules for each card we want or get and play the best we can with it.

Re: BOA Secured Card Hard Pull for each additional deposit

Anonymous — Mon, 06 Oct 2014 16:38:39 GMT

the credit world puzzles me sometimes