BOA Secured. Why so many different deposits?

[Anonymous]

Mine was only $99..which was offered to me after being denied for the Cash Awards they spammed me with because I've had a checking account with them for years that was never overdrawn or any baddies.

I keep seeing people having to put down $300 for the same $500 limit. Is that because they did't get denied for a previous card or because they don't have bank accounts with BOA?

[Aduke1122]

The 99/500 is the lowest amount to put down with them and it will graduate eventually , so congrats

[Anonymous]

Thanks. I know it's the lowest I was just wondering why others are so high? Even on their offer page it is $300. https://www.bankofamerica.com/credit-cards/credit-cards-to-build-credit/?VIEW=List


I was recommending it to someone else who is having trouble getting credit yet we didn't know why the deposit was so different.

[Aduke1122]

Im sure they take in to account your relationship with them on top.of your profile and scores

[Anonymous]

Correction

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@Aduke1122 wrote:
The 99/500 is the lowest amount to put down with them and it will graduate eventually , so congrats

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Zero Deposit - Secured  is the lowest amount offered by B of A.

[Anonymous]

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@Anonymous wrote:

Correction

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@Aduke1122 wrote:
The 99/500 is the lowest amount to put down with them and it will graduate eventually , so congrats

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Zero Deposit - Secured  is the lowest amount offered by B of A.

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What on earth do they secure it with if it's a zero deposit secured card??? Or are you being facetious? 

[Aduke1122]

I would like to see some proof of this ZERO down SECURED card , it makes no sense , how would it be secured ?

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Correction

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@Aduke1122 wrote:
The 99/500 is the lowest amount to put down with them and it will graduate eventually , so congrats

---

Zero Deposit - Secured  is the lowest amount offered by B of A.

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What on earth do they secure it with if it's a zero deposit secured card??? Or are you being facetious? 

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Zero deposit secured = unsecured

[Anonymous]

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@Aduke1122 wrote:
I would like to see some proof of this ZERO down SECURED card , it makes no sense , how would it be secured ?

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It's secured by your good credit lol, also call an unsecured card! 

[Aduke1122]

Lol yea exactly !! It would be Unsecured