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Saturday, December 29, 2007

Partial Secure Credit Card from Bank Of America

What is Partial Secure Credit Card (Bank of America): In case customer not having the required credit history then he can't eligible to take the Credit card, instead he/she is eligible to get Partial Secure Credit card from Bank of America worth of $500 (Earlier there was Secure Credit card Only from bank of America).

What is the difference between Secure Credit Card & Partial Secure Credit Card:
  • For Secure Credit Card: We need to deposit the amount of money in the credit card first then only we can spend by using that Secure Credit card. Lets take if you deposit $500 in Secure Credit Card then you are eligible only $500 to use with that Card. Once you have low balance then again you need to re deposit the money in the Secure Card to use again.
  • For Partial Secure Credit Card: Its enough to deposit $99 to get $500 worth Secure Credit Card, this is nothing but Partial Secure Credit Card since we no need to deposit complete $500 as we do for Secure Credit Card.


What are the requirements to apply for Partial Secure Credit Card:
  • First you should have account account in Bank of America.
  • $99 needs to be paid as security deposit.
  • Your U.S address should be updated in the Bank records. [Initially when you opened the account in general they will update with Indian address]
  • S.S.N
  • Customer should have at least 6-8 months stay in U.S.
When customer will receive Partial Secure Credit Card: It will take around 2 weeks to get the Credit card by post.

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