has BOA been unsecuring their Secured CC lately?

[Anonymous]

Be careful what you wish for. There have been multiple reports here of secured cards being unsecured - and then cancelled. Those folks all wished their card had stayed secured!

[Anonymous]

i just read a very recent post where  a BOA card holder requested for a cred line increase (after their card had been unsecured) and BOA responded by a denial then closed the card. Guess need to proceed w/caution with the calls to request for for cards to be unsecured.

[Anonymous]

I actually have a BOA Secured card. I called them the other day to go unsecured and the rep told me that they changed their guidelines in September and it was included in the statement that to go unsecured you have to have the card for a full year now. Also if you don’t charge anything for say a month they add on another month.You need to have 12 months of usage. When I applied they told me 9 months, Now I need to wait another 4 months.:-(

[Anonymous]

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@Anonymous wrote:
I actually have a BOA Secured card. I called them the other day to go unsecured and the rep told me that they changed their guidelines in September and it was included in the statement that to go unsecured you have to have the card for a full year now. Also if you don’t charge anything for say a month they add on another month.You need to have 12 months of usage. When I applied they told me 9 months, Now I need to wait another 4 months.:-(

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Thanks for clarifying this matter!

[Anonymous]

12 + months it is then, if they say so

[Anonymous]

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@Anonymous wrote:
12 + months it is then, if they say so

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Until they change their mind again...

[Anonymous]

My 99/500 unsecured after 10 statements. I had to call them to initiate. They increased my limit automatically to $1000, but I was brave and asked for a CLI on top of that. They denied me, but I have not received any adverse action.

I put a monthly recurring charge on there so I never have to worry about them punishing me for not using it, but since I also have a Cap1 with a $3000 limit, I don't use it for anything else.