BOA Secured question.

Anonymous · ‎09-07-2017

If they say you're approved for a secured card with $300 down. Does that mean if you put $300 down that you're limit will be $300? The wording is different then other secured cards. Verbiage is sumthn like depending on secured deposit, income & credit worthiness will depend on what ur limit is. (It says sumthn like that) anyone have any insight?

fltireguy · ‎09-07-2017

Yes - unless they offered you the 99/500 card

NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!

Anonymous · ‎09-07-2017

BOA has different secured cards based on the deposits. From what you've posted, yes, you will get a $300 CL with a $300 deposit. I'm assuming, you have the option to deposit more for a higher CL.