@NoNonsense wrote:
@Revelate wrote:Actually for secured cards over a certain limit (it may be $2k) BOFA will graduate at the limit. I've had this happen three seperate times to me personally.
The large pop is usually for the $300-500 range folks as I understand it anecdotally from reading this forum.
That said I agree fully that BOFA is the best secured product around and should be looked at by virtually anyone building or rebuilding.
How can you make a generalization based on your personal experience? Even if it happened to you three times? That's not how the Scientific Method works. Now, that being said, I imagine that what you say is true at certain levels of trade line. It you have a secured card for $5000 it probably wont graduate at $10,000 much less $15.000.
However, at least anecdotally, I know of a $2000 secured card that graduated not to $4000 but to $6000. Was that the exception or still part the rule? I have no idea, I speculate it is still small enough, and it also depends of what else you have been doing with your other lines of credit at the time of graduation. You have to help the BoA analyst take a reasonable risk with you. If you don't have other tradelines or if your other tradelines are toy limits, the analyst, obviously, might be reluctant to give you a card that is ten times the size of your other cards... In any case, I'm prepared to test this theory myself, we'll see...
I believe Rev was speaking from personal experience as well as postinq's from other members.
Please post an update after you've tested the theory yourself.
