Suppose :
June 1, 2014: Got approved for the BOA secured with a limit of $1000, (which should unsecure by June 1, 2015)
Jan 1,2015: If CLI increased to $4,000 by adding $3,000 more for reporting higher credit limits.
My doubt is when will the card unsecure?
Will it be June 1, 2015 with $1,000 or Jan 1, 2016 with $4,000?
I know the option of asking for unsecuring on Jan 1 and getting higher limits but if that option is not considered, what do you think?
If anybody has had BOA secured card limits increased, please do comment, thank u.
@Chaselover wrote:Suppose :
June 1, 2014: Got approved for the BOA secured with a limit of $1000, (which should unsecure by June 1, 2015)
Jan 1,2015: If CLI increased to $4,000 by adding $3,000 more for reporting higher credit limits.
My doubt is when will the card unsecure?
Will it be June 1, 2015 with $1,000 or Jan 1, 2016 with $4,000?
I know the option of asking for unsecuring on Jan 1 and getting higher limits but if that option is not considered, what do you think?
If anybody has had BOA secured card limits increased, please do comment, thank u.
@Chaselover wrote:Suppose :
June 1, 2014: Got approved for the BOA secured with a limit of $1000, (which should unsecure by June 1, 2015)
Jan 1,2015: If CLI increased to $4,000 by adding $3,000 more for reporting higher credit limits.
My doubt is when will the card unsecure?
Will it be June 1, 2015 with $1,000 or Jan 1, 2016 with $4,000?
I know the option of asking for unsecuring on Jan 1 and getting higher limits but if that option is not considered, what do you think?
If anybody has had BOA secured card limits increased, please do comment, thank u.
You should be able to ask them to un-secure a year after the account was opened. When you added funds to increase the limit shouldn't matter at all.
@Chaselover wrote:Suppose :
June 1, 2014: Got approved for the BOA secured with a limit of $1000, (which should unsecure by June 1, 2015)
Jan 1,2015: If CLI increased to $4,000 by adding $3,000 more for reporting higher credit limits.
My doubt is when will the card unsecure?
Will it be June 1, 2015 with $1,000 or Jan 1, 2016 with $4,000?
I know the option of asking for unsecuring on Jan 1 and getting higher limits but if that option is not considered, what do you think?
If anybody has had BOA secured card limits increased, please do comment, thank u.
hrmmmmm, that's a good question. Can you deposit as much as you want in the account to raise the limit with BOA card at any time?
I would deposit 5k in that sucker ASAP to show I could handle their 5k limit so on June 1, 2015 I graduate with a descent limit
You never know, they might graduate you with 1k... period. (i would think your reports and other limits play a big factor in it all. is it a HP?)
The DGF is getting another secured card next month (she has a 1k PNC). I would really like to know the highest limit anyone has graduated with a BoA Sec Card?
Great you are looking for a strategy there 
thumbs up
For me at the 9 mnths mark i called them they didnt unsecure, infact the nice CR suggested me to apply online for a rewards card, i did and was approved. So i cancelled secured card, 500 limit
that was my story , to answer your question, it should graduate with the amount it has at that point of time, sometimes they even increase it on request. YMMV
@notfancy wrote:
@Chaselover wrote:Suppose :
June 1, 2014: Got approved for the BOA secured with a limit of $1000, (which should unsecure by June 1, 2015)
Jan 1,2015: If CLI increased to $4,000 by adding $3,000 more for reporting higher credit limits.
My doubt is when will the card unsecure?
Will it be June 1, 2015 with $1,000 or Jan 1, 2016 with $4,000?
I know the option of asking for unsecuring on Jan 1 and getting higher limits but if that option is not considered, what do you think?
If anybody has had BOA secured card limits increased, please do comment, thank u.
@Chaselover wrote:Suppose :
June 1, 2014: Got approved for the BOA secured with a limit of $1000, (which should unsecure by June 1, 2015)
Jan 1,2015: If CLI increased to $4,000 by adding $3,000 more for reporting higher credit limits.
My doubt is when will the card unsecure?
Will it be June 1, 2015 with $1,000 or Jan 1, 2016 with $4,000?
I know the option of asking for unsecuring on Jan 1 and getting higher limits but if that option is not considered, what do you think?
If anybody has had BOA secured card limits increased, please do comment, thank u.
You should be able to ask them to un-secure a year after the account was opened. When you added funds to increase the limit shouldn't matter at all.
ok, Il be looking forward to unsecure it in June 2015 itself and see what limit I get.
@elim wrote:
@Chaselover wrote:Suppose :
June 1, 2014: Got approved for the BOA secured with a limit of $1000, (which should unsecure by June 1, 2015)
Jan 1,2015: If CLI increased to $4,000 by adding $3,000 more for reporting higher credit limits.
My doubt is when will the card unsecure?
Will it be June 1, 2015 with $1,000 or Jan 1, 2016 with $4,000?
I know the option of asking for unsecuring on Jan 1 and getting higher limits but if that option is not considered, what do you think?
If anybody has had BOA secured card limits increased, please do comment, thank u.
hrmmmmm, that's a good question. Can you deposit as much as you want in the account to raise the limit with BOA card at any time?
I would deposit 5k in that sucker ASAP to show I could handle their 5k limit so on June 1, 2015 I graduate with a descent limit
You never know, they might graduate you with 1k... period. (i would think your reports and other limits play a big factor in it all. is it a HP?)
The DGF is getting another secured card next month (she has a 1k PNC). I would really like to know the highest limit anyone has graduated with a BoA Sec Card?
Great you are looking for a strategy there
@elim: u can add increase your limit upto $10,000 on their secured cards by depositing the money. And is definitely an HP, no doubt on that. I think if u have a $10,000 secured for a year with low util and a good file, it should definitely unsecure with that much amount.
@jamie123 wrote:It doesn't matter what the secured CL is. When the time comes to unsecure the CC, BOA will reassess the account and decide on an unsecured limit. I haven't seen anyone on these forums with more that a $1000 CL after unsecuring no matter how high the secured limit was.
The way to work this is to up the limit on the BOA secured card and then right before it unsecures, apply for a credit card from someone else like Discover IT or Chase Freedom. They might try and match the secured card limit. You will have about a year's history at that point and they might start you out at a slightly higher limit than they would normally.
@jamie123: will they unsecure it without any intimation from our side? Or should v ask? U have a great point there and that’s exactly my plan. As Im not getting higher limits with any other banks and would not like to simply waste an HP for checking that, that’s exactly what Im planning. Get higher limits to report by securing one card with high limit and then 6 months later, go for some other card like CSP or Hyatt.