Raising limit on secured card

[Anonymous]

I have a BofA secured card that has $300 limit on it now with zero balance.  my credit reports needs a limit increase to raise my score.  If I raise this BofA secured card limit, will it help my utilization part of my scores and will a mortgage company care less if my score goes up because its a secured card?

[Anonymous]

It is my understanding that the cb do not know the cc is secured. The only people that know it is a secured cc is you and the bank.

[Anonymous]

it shows on all three cb reports as a secured card

[Anonymous]

Yes of course, efs, raising the limit on your card WILL help you by lowering your utilization rate, which in turn will help raise your scores. I've heard that, in time, that the BoA 'secured card', and pristine payment history, with ALL your credit accounts that BoA has the ability to convert the card to 'unsecured' status. That's what I'm shooting for in my new 99/500, partial secured Visa card, I'm expecting any day in the mail. Good luck to you!

[Anonymous]

No, it is reported as a regular card, not as a "secured" card. This was the answer I received this evening from Bank Of america in regards to the question about them reporting it as a secured card. I would love to find out where you got your information as I would hate for them to be misleading me. thanks for the information

[Anonymous]

I noticed it is reported as a secured card on my own credit reports retrieved from www.myfico.com.

[Anonymous]

Fico don't care , so it only manual reviews will know