Should I ask BOA to Unsecure my Cash Rewards Visa?

[newhis]

I have a secured cash rewards also with $1000 limit (full secured). My card and credit history is only a couple of months old. I don't have a FICO score yet (Discover IT card), so I'm not asking for other cards until I do.

I can deposit more money into the card, I know is a HP so I want to go to 3000 or more. Is it better to do it this month, then when I get a FICO score and app for other cards they can see a higher limit or it doesn't matter because the card is reported as secured?

I read a lot of threads that people say BofA unsecured the card but kept the same CL. I don't want to have the card at $1000 if that will make my new cards to start with low limits also.

Or should just wait for the 9-12 month and ask to be unsecured and ask for CLI?

[newdaddy113]

My card was automatically unsecured after 9 months. I had a $500 secured and my limit was automatically increased to $2000 and my $500 refunded to me.

[newhis]

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@newdaddy113 wrote:

My card was automatically unsecured after 9 months. I had a $500 secured and my limit was automatically increased to $2000 and my $500 refunded to me.

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Are you saying that you didn't ask for it to be unsecured so you didn't get a HP?

[newdaddy113]

i did not ask for it and i did not get an HP

[newhis]

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@newdaddy113 wrote:

i did not ask for it and i did not get an HP

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Thank you, I guess just wait is a good option.

[newdaddy113]

Yes just wait and continue using the card and paying it in full every month. you don't have to deposit additional funds to the card. Patience is key

[bk510]

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@ddemari wrote:

Hi everyone, I am debating asking BOA for a manual review of my account for an early graduation on my secured cash rewards visa. I nearing the 8th statement and I a feeling antsy. I have 700 dollars tied up with them and use the card monthly and I pay in full the balence every week so my statement never shows a balence. 

I currently have a Transunion score of 675, Equifax Score of 674, and Experian score of 660. My fico is 650. I have a few old baddies and a bankruptcy that will fall of my report in November of this year (bank of america was not included in bankruptcy 10 years ago nor did I ever fail to pay them). 

I also have a lot of inquires on my Transunion credit report because I was stupid and apping a few months ago. 

Wait or try it out? I mean I really do not need another hard pull on my account but... you never know haha. 

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Go for it.....like u said u neva no.

I have seen people getting early grad as litle as 9 month.

I'm was denied for cash reward card 123 or wateva, but offered a fully secured card with reward 123 for a limited time offer.

I have until 6/26 to accept it. i'll probably go for it since i need a prime lender on my file.

[bk510]

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@newhis wrote:

I have a secured cash rewards also with $1000 limit (full secured). My card and credit history is only a couple of months old. I don't have a FICO score yet (Discover IT card), so I'm not asking for other cards until I do.

I can deposit more money into the card, I know is a HP so I want to go to 3000 or more. Is it better to do it this month, then when I get a FICO score and app for other cards they can see a higher limit or it doesn't matter because the card is reported as secured?

I read a lot of threads that people say BofA unsecured the card but kept the same CL. I don't want to have the card at $1000 if that will make my new cards to start with low limits also.

Or should just wait for the 9-12 month and ask to be unsecured and ask for CLI?

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That's a quite an opposite of what I've been seeing.....

[newhis]

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@bk510 wrote:

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@newhis wrote:

I read a lot of threads that people say BofA unsecured the card but kept the same CL. I don't want to have the card at $1000 if that will make my new cards to start with low limits also.

Or should just wait for the 9-12 month and ask to be unsecured and ask for CLI?

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That's a quite an opposite of what I've been seeing.....

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Sorry about that, I see a lot of people getting unsecure card with the same limit or at most 3X. A few people got over 5X. It will be great to end with $5K after graduation, but I think that is hard.

I just called the 888 number with a secured card specialist and she said that it will be a HP for the CLI and the most I can put to the card is 10K, weird as the webpage say 4.9K