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Best Strategy for Conversion of Secured Card

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Wolf3
Senior Contributor

Best Strategy for Conversion of Secured Card

Two Questions 

 

1.  Is it easier to get a conversion to unsecured card with a large or small deposit?

 

2   Would you expect new CL for converted card to be higher with a larger depoist.

 

 

I have done a lot of reading and never seen an opinion on this.

 

Thanks

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1 REPLY 1
Cotton_Britches
Frequent Contributor

Re: Best Strategy for Conversion of Secured Card

The amount of your deposit for the secured card is irrelevant.

 

Upon review, they will determine your CL for an unsecured card based on your payment history with them and your credit report at that time.

“Faith is taking the first step even when you don’t see the whole staircase.”
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