BofA secured card

[Anonymous]

I had app'd a BofA card recently, I don't recall exactly what it even was.  Instant denial. At any rate, I got a mailer friday for a secured BofA credit card...$300 deposit THEN they would tell me the credit limit.  Is there any earthly reason I'd take this offer?  My scores are around 690, youngish average age of accounts, 2 years, 11 months, no baddies, 34% util..  I have 4 AMEX accounts, a couple of Barclays, 3 Cap1, and other odds and ends, none of which are, or were ever secured.

Am I missing something here?

[bigpoppa09]

Yes because the card graduates to unsecured in no time that's your way in. They have shown me nothing but luv.

[fltireguy]

Take it. That's probably the best secured card there is, in terms of unsecuring quickly and also CLI. I started with them with a 99/500 card in 5/16. Unsecured in 11/16, and is now at $5.5k

[Anonymous]

Good grief, now I have to dig through my kitchen trash and find the offer. 

[Anonymous]

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@Anonymous wrote:

I had app'd a BofA card recently, I don't recall exactly what it even was.  Instant denial. At any rate, I got a mailer friday for a secured BofA credit card...$300 deposit THEN they would tell me the credit limit.  Is there any earthly reason I'd take this offer?  My scores are around 690, youngish average age of accounts, 2 years, 11 months, no baddies, 34% util..  I have 4 AMEX accounts, a couple of Barclays, 3 Cap1, and other odds and ends, none of which are, or were ever secured.

Am I missing something here?

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I am curious to why they offerred you the total secured card.  I had score of 528 Trans Union when I applied and they offered 99/500 cash rewards card.  If were you I would just apply for an unsecured card with them  if you want one. With your scores and having no negatives a secured card really doesn't make sense.  

[fltireguy]

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@Anonymous wrote:

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@Anonymous wrote:

I had app'd a BofA card recently, I don't recall exactly what it even was.  Instant denial. At any rate, I got a mailer friday for a secured BofA credit card...$300 deposit THEN they would tell me the credit limit.  Is there any earthly reason I'd take this offer?  My scores are around 690, youngish average age of accounts, 2 years, 11 months, no baddies, 34% util..  I have 4 AMEX accounts, a couple of Barclays, 3 Cap1, and other odds and ends, none of which are, or were ever secured.

Am I missing something here?

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I am curious to why they offerred you the total secured card.  I had score of 528 Trans Union when I applied and they offered 99/500 cash rewards card.  If were you I would just apply for an unsecured card with them  if you want one. With your scores and having no negatives a secured card really doesn't make sense.  

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OP said they Apped and were declined