BOA Secure to Unsecure?

[Anonymous]

Hi all, in December 2018 me and my husband started using our secure credit cards with $1000 limit in each card. We have been using the card and making timely payments.
Today we see that a $1000 has been deposited into our account with the detail : c/h accounting credit adjustment FDES NNF. While I started browsing about this I learnt that this is related to the secure credit and the card has been changed to Unsecure.
Our credit line has been increased to $3000 on one card and $2000 on other card. While both the cards credit line has been increased I see only one $1000 adjustment returned. Should I be expecting another return or that's what it is? Does this mean that I have a regular credit card and pay for my usage? I am surprised and confused. Kindly help me.

[AllZero]

Congratulations on your graduations 🎓!

You should see the second security deposit returned soon. Best to call the csr make sure.

Credit limit increase application are on a 91 day cycle. They will be a soft pull inquiry.

[CreditInspired]

Hi and welcome

It sounds like one of the cards was unsecured, hence the $1K refund, and the other one remains secured (just a guess).

Example:
DH secured card $1K, now unsecured, new CL 3K, deposit refunded.

DW secured card $1K, not unsecured, CL raised $1K, deposit not refunded.

Of course the best thing to do is call and ask. It could also be that the other $1K will be refunded today.

Also, congrats on a great job of getting unsecured and decent SLs.

[Anonymous]

Thanks a lot for your feedback! I hope to receive the other deposit soon.

[Anonymous]

Thanks a lot for your response! I will visit the bank today to know the details. I also want to know if the rate of interest has changed and related questions. I am happy though!

[AllZero]

Interest rate stays the same. At your 1 year mark, maybe call the csr to see if you are eligible for a APR discount.

[kudosalert]

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@AllZero wrote:
Congratulations on your graduations 🎓!

You should see the second security deposit returned soon. Best to call the csr make sure.

Credit limit increase application are on a 91 day cycle. They will be a soft pull inquiry.

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@AllZero wrote:
Congratulations on your graduations 🎓!

You should see the second security deposit returned soon. Best to call the csr make sure.

Credit limit increase application are on a 91 day cycle. They will be a soft pull inquiry.

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yes, i would for sure wait for at least 91 days to ask for another CLI. they've given you a fairly generous CLI (3x) from your secured card so they would like to see some responsible usage before giving you more. 

[Anonymous]

Hi Kudosalert, Thanks a lot for your response! ""Responsible usage of the card"" - This is somewhere I want everyone's advise. We are new credit card users. At this moment we use credit card for most of our expenses, spend until 60%, pay off 30% and maintain 30% until the end of cycle, and pay off the 30% during the closing date.
Please give me some tips what should I be doing to get better credit line?