When BOA declines an application...?

[Anonymous]

I called BOA again for my second try at a recon. The Credit Analysis told me that with my collections and short account history, he could not approve the card I applied for.
He did say that they sent me an offer for the secured card.

Here is the question, is this the 99/500, or is there a chance it could be fully secured?

Either way, I am taking the card.

He didn't seem to know which card it was. Since I read on here that they usually counter a decline with the 99/500 I am hopeful that is what this is.

any one have any thoughts?

[Anonymous]

It could be either of the two. Either way you will be on track for an unsecured card from a prime issuer if you treat the card well. A secured card is also scored the same as an unsecured card, so it will help you just as much in FICO scoring.

Enjoy your new card when you get it!

[Anonymous]

The secured card may seem like a booby prize, but in the long run you won't regret it.

[Anonymous]

No doubt, I will take any card they are willing to give me. I wish I would have tried to get a secured card from them before, or any one else for that matter. I could have been building history all this time. My pride and being an idiot got in the way, I used to think: "I'm not going to pay for a secured card, whats the point?"

After doing some research, I answered my own questions in my original post.
I have two more though.


Is it a guaranteed hard inq once they send me the invite?

There is still a chance they can do another hard INQ and decline me once again huh?

That would be perfect! 2 inq and no new card!

[dallas01]

I just got my card about a week ago. It took a total of about 2 weeks from sending a check and getting the card. Its faster if you open an account with them. I opened 2 after I sent my orginal check.

Yes, they did pull another credit report from experian when they got my check. When I saw the pull I called and they told me I was getting the card.

[Anonymous]

I just applied for the BoA Platinum Visa.  I knew the application would get denied, but I was praying for the partially secured 99/500 card.  And it was offered, immediately. 

And I accepted, immediately.

And they immediately took the money out my account

And I hope I get my card immediately

So I can max it out immediately...just kidding, I've learned my lesson about maxing CCs.

Message Edited by BP2003 on 08-20-2008 10:57 AM