Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011

Re: Best Secured Credit Card

TwinGirls19 wrote:
Gotta be hands down Boa. Put down deposit, use the card responsibly, after 12 months they will unsecure your card, give you back your deposit and a decent cli. Need I say more. Ps boa is picky its not for sure they will approve you for they're secure card just letting you know.

I will say that the chances of BofA approval for the OP is less than 5%. It will just be a wasted inquiry (or may be even 3)

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Established Member
Posts: 26
Registered: ‎02-23-2013

Re: Best Secured Credit Card

I got a Cap1 secured in 8/2011, and it's done a nice job getting me two toy limit unsecured cards since (one Orchard, one Cap1). But hey, you've got to start somewhere. Last month I opened a USAA secured MC and closed the Cap1. I like that both allow you to increase the credit limits, but the Cap1 increases take forever to show up. USAA's are near instantaneous. Both report to all 3 bureaus.
Hereby sentenced to no fewer than 12 months in a maximum security Garden for my crimes against my FICO. (10/11/13)

Starting Score: 475 (2/11/13)
Current Score: 624 (12/24/13)
Goal Score: 650, for now
Valued Contributor
Posts: 1,087
Registered: ‎07-18-2009

Re: Best Secured Credit Card

I got a secured WF and Citi card and they unsecured 18 months later even though I had a paid PR and a couple CAs still on my report. Last year I converted my Citi to a World MC. No HP.

I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k

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