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Best Secured Credit Card

Valued Contributor

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)

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Valued Member

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.
My current arsenal:
Amex PRG NPSL | NFCU Cash VS $22k | NFCU Flagship VS $22k | NFCU CLOC $15k | Cap1 QS WMC $13.5k | USAA Preferred Cash VS $6k | Citi AA WEMC $4.5k | Discover It $1.7k | BofA 1-2-3 $800 | Target $800
Valued Contributor

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so my moniker is, well, rather out of date.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 Siggy18k, Amex Plat (60k H/B), Citi AA EWMC 25k