It's interesting, if not funny, how some individuals may snub the whole secured stigma when BOA's 99/500 product is a pretty decent one based on folks' experiences.
Now, granted everyone follows different paths toward building their own profiles, but looking at the OP's signature it's not like another $500 CC would've damaged the recent approval streak.
If it had been me, I would've taken the 99/500 offer to build a BOA relationship. But, alas, the moment has fizzled out.
Ok, how many folks on here have gotten this offer and have seen their 99/500 blossom into exponential results? I rest my case
Now, granted everyone follows different paths toward building their own profiles, but looking at the OP's signature it's not like another $500 CC would've damaged the recent approval streak.
If it had been me, I would've taken the 99/500 offer to build a BOA relationship. But, alas, the moment has fizzled out.
Ok, how many folks on here have gotten this offer and have seen their 99/500 blossom into exponential results? I rest my case
@FinStar wrote:
It's interesting, if not funny, how some individuals may snub the whole secured stigma when BOA's 99/500 product is a pretty decent one based on folks' experiences.
Now, granted everyone follows different paths toward building their own profiles, but looking at the OP's signature it's not like another $500 CC would've damaged the recent approval streak.
If it had been me, I would've taken the 99/500 offer to build a BOA relationship. But, alas, the moment has fizzled out.
Ok, how many folks on here have gotten this offer and have seen their 99/500 blossom into exponential results? I rest my case
I am one of those people. I was offered a $500 account with a $50 deposit. That was about a year ago. In eight months they refunded my $50, dropped the annual fee and raised my limit to $2000. They are a good bank when rebuilding and after. Now I have a car loan with them at 1.9% and several cards with good limits.
@FinStar wrote:
It's interesting, if not funny, how some individuals may snub the whole secured stigma when BOA's 99/500 product is a pretty decent one based on folks' experiences.
Now, granted everyone follows different paths toward building their own profiles, but looking at the OP's signature it's not like another $500 CC would've damaged the recent approval streak.
If it had been me, I would've taken the 99/500 offer to build a BOA relationship. But, alas, the moment has fizzled out.
Ok, how many folks on here have gotten this offer and have seen their 99/500 blossom into exponential results? I rest my case
I still have the offer letter. I just assumed that since it's a secured card it would wind up being stuck with a low limit even after it graduated to an unsecured card. If that's not the case I might reconsider. The only reason I really wanted the card in the first place was to supplement the 5% gas quarters on Freedom and Discover. Do you know if the $100 sign up bonus applies to the secured version?
Sure. Good thing you hadn't shred it yet! LOL
But I would say this is a sure way to get in with BOA. Now, assuming you get approved once you get confirmation of your funds being withdrawn, it's also possible you may not get the best APR terms. Not to worry. BOA is very flexible with those reviews and your APR can reach competitive levels like your other cards.
You won't regret it! Let us know how it turns out. I'm sure other folks will share their experiences so you have some solid information on what to expect with this card
But I would say this is a sure way to get in with BOA. Now, assuming you get approved once you get confirmation of your funds being withdrawn, it's also possible you may not get the best APR terms. Not to worry. BOA is very flexible with those reviews and your APR can reach competitive levels like your other cards.
You won't regret it! Let us know how it turns out. I'm sure other folks will share their experiences so you have some solid information on what to expect with this card
@FinStar wrote:
It's interesting, if not funny, how some individuals may snub the whole secured stigma when BOA's 99/500 product is a pretty decent one based on folks' experiences.
Now, granted everyone follows different paths toward building their own profiles, but looking at the OP's signature it's not like another $500 CC would've damaged the recent approval streak.
If it had been me, I would've taken the 99/500 offer to build a BOA relationship. But, alas, the moment has fizzled out.
Ok, how many folks on here have gotten this offer and have seen their 99/500 blossom into exponential results? I rest my case
+1
I had this same thought pattern when I started with Wells and it worked out well.