Denied for BOA Cash Rewards but selected for

[Anonymous]

Selected for secured card , should I accept offer to get foot in door with BOA ?

[FinStar]

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@Anonymous wrote:

Selected for secured card , should I accept offer to get foot in door with BOA ?

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IMO, yes, I would accept it if you are considering a BOA lending relationship.  Did you get the partially secured 99/500 offer?

[Anonymous]

yes I did , I have currently 2 Chase with $15k , 2 Cap one $10K AE $1K and Barclays $8500 , that is why I just did'nt jump on the offer , but if you feel this is something I should do , I will jump on it , this is the first offer they have sent me for it

[pizza1]

I would LOVE to have that offer doesn't happen too often, and it does graduate!! Sometimes early

[Anonymous]

I accepted it , and it is telling me that it is in review and a few things checked , I thought it would be a quick thing and approval , wondering if I should call

[newhis]

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@Anonymous wrote:

I accepted it , and it is telling me that it is in review and a few things checked , I thought it would be a quick thing and approval , wondering if I should call

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BoA is slow, they always say it will take time. No need to call. You will see the money taken from your account in a few days, then your card will arrive. 

[Anonymous]

Thank you for that input , I did call and she said I should know by tomorrow

[FinStar]

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@Anonymous wrote:

Thank you for that input , I did call and she said I should know by tomorrow

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You should be good OP.  Also, the BOA card can be a good fit with the rest of your profile even with the other higher CL cards (albeit secured for less than 12 months).  As mentioned above, it can unsecure earlier than 12 months.  Once your account is established, and if not automatically added, you can contact them to see about adding the Cash Rewards feature.  Once it unsecures, you can ask for a CLI (aim high) and determine whether at that point it fits your long term goals (just FYI, the CLI request will be HP - as long as your overall profile is good then it should be no issue).

I'm fairly certain others who have the BOA 99/500 product can chime in with their experience.

[baller4life]

Great choice to accept the secured card. It can unsecure in as little as 6 months to a nice fat limit!😉

[Anonymous]

i denied my 99/500 offer lol. figured i had good enough cards that if BofA didn't want me then see ya!!