Bank of Americard Early Graduation Surprise

For just about anything you want to get off your chest about credit cards.
9 posts
English
Green Member
Green Member
 
Posts: 14
Joined: Fri Aug 30, 2013 1:14 am
Location: Atlanta, GA

Bank of Americard Early Graduation Surprise

Postby English » Thu Mar 27, 2014 10:28 pm

Hey Guys,

I'm 10 months into my secured Bank Americard and i noticed today that my initial deposit has been refunded and my cards credit limit is now $2000 from $500.

Not sure what the card has graduated too i'll call tomorrow and speak to someone and find out. When i click Information it says type of card BankAmericard Platinum Plus Visa but i don't see that listed on their website.

Very happy as i didn't ask for the graduation even though i had been tempted. I think i read somewhere i could request a product change now to a cash rewards card? Would this involve a credit pull?

Thanks

Matt
Discover It - $3000
Chase Freedom - $2000
Bank of America Cash Rewards - $2000
Capital One QuicksilverOne - $2500
Capital One Classic - $500


daniel2304
Centurion Member
Centurion Member
 
Posts: 198
Joined: Tue Dec 03, 2013 1:53 pm
Location: Dallas

Postby daniel2304 » Fri Mar 28, 2014 12:54 am

I do not think of any lender could perform a hard pull without your authorization. So I guess it's a soft pull periodically to examine your spending and behavior.
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

English
Green Member
Green Member
 
Posts: 14
Joined: Fri Aug 30, 2013 1:14 am
Location: Atlanta, GA

Postby English » Fri Mar 28, 2014 2:42 am

I mean if i ask for a product change if that's even possible.
Discover It - $3000
Chase Freedom - $2000
Bank of America Cash Rewards - $2000
Capital One QuicksilverOne - $2500
Capital One Classic - $500

User avatar
nismoZtuner
Centurion Member
Centurion Member
 
Posts: 1105
Joined: Thu Jun 27, 2013 12:39 pm
Location: EARTH -CA

Postby nismoZtuner » Fri Mar 28, 2014 3:49 pm

daniel2304 wrote:I do not think of any lender could perform a hard pull without your authorization. So I guess it's a soft pull periodically to examine your spending and behavior.


most likely a soft pull, i asked for a CLI from BOA and i had an inquiry- if they didnt ask him for his authorization just like you said then i bet it was a softy haha
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710
BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]
American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]
Chase Sapphire Preferred[7.3]
Inquires: TU(?) EX(?) EQ(?)
TCL-$19,800
Age-22

English
Green Member
Green Member
 
Posts: 14
Joined: Fri Aug 30, 2013 1:14 am
Location: Atlanta, GA

Postby English » Sat Mar 29, 2014 12:48 am

Spoke to BofA today and they said I had been upgraded to just a basic unsecured card. I said I would like the 1,2,3 rewards card and he changed it and said I'd get the card in 2-4 weeks. Only down side is I still have the $39 annual fee from when it was the secured card.
Discover It - $3000
Chase Freedom - $2000
Bank of America Cash Rewards - $2000
Capital One QuicksilverOne - $2500
Capital One Classic - $500

Matthew12
Green Member
Green Member
 
Posts: 4
Joined: Wed Mar 26, 2014 9:01 am
Location: Verenigde Staten

Postby Matthew12 » Sat Mar 29, 2014 4:42 am

Still it sounds like a much better deal than you were with before. Congratulations on getting yourself a rather awesome early birthday present. I have used the 1,2,3 Rewards card before and I have found that it was pretty good for what I was wanting from my cards at the time. Let us know how you like it.

rockyrock
Centurion Member
Centurion Member
 
Posts: 803
Joined: Thu Mar 21, 2013 6:06 am
Location: Ventura, CA

Postby rockyrock » Sat Mar 29, 2014 8:05 am

English wrote: Only down side is I still have the $39 annual fee from when it was the secured card.


That doesn't sound right. Does this 1,2,3 card normally have an AF?
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

flan
Centurion Member
Centurion Member
 
Posts: 387
Joined: Tue Apr 09, 2013 10:16 pm
Location: chicago

Postby flan » Sat Mar 29, 2014 10:20 am

rockyrock wrote:That doesn't sound right. Does this 1,2,3 card normally have an AF?


No, but they're banking on people who had to get a secured card to not know that. I'd see if you can get it waived. If you can't, wait a few months, and get some other cards. Then cancel the boa one, before the next AF. (It's probably worth paying the first renewal, if you've had the card for 10 months, but that's up to you. An open account with a year on it is a good thing. Don't close the card before you replace it, though.)

English
Green Member
Green Member
 
Posts: 14
Joined: Fri Aug 30, 2013 1:14 am
Location: Atlanta, GA

Postby English » Wed Apr 02, 2014 12:07 pm

I'll wait until I have the card in hand then call up asking for if to be waived.
Discover It - $3000
Chase Freedom - $2000
Bank of America Cash Rewards - $2000
Capital One QuicksilverOne - $2500
Capital One Classic - $500



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests