Bank of America Secured - Early Graduation + CLI

[Anonymous]

Just another data point...

I logged into my Bank of America account today to find that my credit limit was increased from $500 to $1,000 without doing anything. I gave them a call, and apparently my account has been graduated! Pretty surprising given that my account has only been open for 7 months or so... but I'll take it.

[RonM21]

Congrats!!!

[Anonymous]

Congratulations! I'm going on month 14 and they still haven't unsecured mine  How do you use yours (i.e. a lot or a little, etc) ??

[Namaste7]

Congrats OP!!!! 

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@Anonymous wrote:

Congratulations! I'm going on month 14 and they still haven't unsecured mine  How do you use yours (i.e. a lot or a little, etc) ??

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JustMe3, I'm in the same boat

[Anonymous]

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@taxdoc wrote:

Congrats OP!!!! 

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@Anonymous wrote:

Congratulations! I'm going on month 14 and they still haven't unsecured mine  How do you use yours (i.e. a lot or a little, etc) ??

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JustMe3, I'm in the same boat

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It's good to know I'm not alone  How long have you had yours?

[Anonymous]

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@Anonymous wrote:

Congratulations! I'm going on month 14 and they still haven't unsecured mine  How do you use yours (i.e. a lot or a little, etc) ??

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Up until month 6 or so of owning the card, I usually put $300-400 a month or so through the card, paying in full and letting a <10% balance report each statement (usually closer to 1-2%). I stopped using it as much (probably $10-20 a month with autopay to pay in full) near the beginning of March when I got approved for a Chase Freedom ($500 CL) and Discover it ($1,500 CL), as they have much better rewards... 

I have 4 reporting revolving accounts on my credit report right now, with a combined $3,800 limit (after this CLI, anyways). I also have 1 small installment loan that's not yet reporting.

I've also called in to request a PC to the BankAmericard Cash Rewards... supposed to hear back by May 5th. Will report back when I hear about it.

[Anonymous]

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@Anonymous wrote:

Up until month 6 or so of owning the card, I usually put $300-400 a month or so through the card, paying in full and letting a <10% balance report each statement (usually closer to 1-2%).

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Okay thank you. I've only used mine maybe 4-5 times since I got it...lol. I guess I should try using it more but it's so hard to justify since it has no rewards *sigh*

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Up until month 6 or so of owning the card, I usually put $300-400 a month or so through the card, paying in full and letting a <10% balance report each statement (usually closer to 1-2%).

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Okay thank you. I've only used mine maybe 4-5 times since I got it...lol. I guess I should try using it more but it's so hard to justify since it has no rewards *sigh*

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Haha yeah, that would probably explain it!

For me, it was my first card (and only bank card until I got approved for the other two), so I used it all the time... I just keep a few recurring payments on it nowadays because of the lack of rewards.

[Anonymous]

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@Anonymous wrote:

Haha yeah, that would probably explain it!

For me, it was my first card (and only bank card until I got approved for the other two), so I used it all the time... I just keep a few recurring payments on it nowadays because of the lack of rewards.

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Well hopefully they will add the rewards to it for you. I tried last year and they told me they can't do it, but I know they can because others have done it. At least you're over the biggest hurdle (graduation) so congrats!!

[Anonymous]

Congrats, 7 months is really good!!!  Im waiting as well

for my 99/500 to finally graduate.  I pretty much MAX out

and PIF every month.  Love the Rewards 1-2-3 as well.