No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I don't believe Capital One unsecures. But there have been rumors that some have. I've had my secured about a year and a half. Holding out hope the rumors are true. If mine does not unsecured by 2 year mark probably gonna close it.
Wow, I had no idea Capital One didn't unsecure. So there really is no point in keeping the card other than AAoA and since I'm new to building credit (this past April) it be smart to stick with them for at least a year since it was my first card.
What should I do after the year? Venture or QS? This is after gardening a bit of course. Can it be PC to either or or should I just close it?
@Anonymous wrote:Wow, I had no idea Capital One didn't unsecure. So there really is no point in keeping the card other than AAoA and since I'm new to building credit (this past April) it be smart to stick with them for at least a year since it was my first card.
What should I do after the year? Venture or QS? This is after gardening a bit of course. Can it be PC to either or or should I just close it?
Talked with Capital One last week. They do unsecure cards. It is something recent and done completely by automation. We have no data as to what triggers the system to upgrade someone. No amount of talking with representatives (over the phone or chat) will get you a different answer. Here is a direct quote from my chat: "Unsecuring is a relatively new feature, and we are assessing opportunities to increase eligibility in the future. Please keep your account in good standing as we periodically review accounts for eligibility."
I have had the card just over 5 and a half years. I'm still crossing my fingers that they'll upgrade me. It could be because I don't use it often that I haven't been upgraded but I simply don't know if that's true or not. I do pay my $29 annual fee (this was a thing back then).
I'm thinking of calling the execuitive office this week to see if that would make a difference. I will make a new post if this works but either way I'll respond to yours if I get any useful information. I'm happy to be of service to the myfico forums.
I'm pushing up on 2 years and mine and my wife's are still secure. We're going to wait until June/July when the annual fee is due and close them. Served its purpose and now it's time to move on.