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Established Contributor
masscredit
Posts: 682
Registered: ‎07-17-2012

Canceled My Cap 1 Secured Card. Making Progress!!!

I canceled my Cap 1 secured card today. It's something simple but it feels good!  The card wasn't going to grow without me adding money to it and with my credit score improving and offers / approvals coming in, it has served it's purpose! This was the first card that I received (9/10) after my BK was complete (2/10). Started with a $200.00 limit and then they added an unsecured $100.00 to that later. It's another wall up between me and my credit/life slump when the economy took a dive a few years ago.

 

The girl that I talked to was VERY nice. Helpful, very friendly and non-Peggy like. I wish all CSRs were like her!

 

 


|****$6000****|****$6000*****|****$4500*****|****$2500****|****$1600****|****$3000****|******$750******|*****$700*****|
EX - 651 (MyFico 06/05/14) TU - 656 (Barclay 07/07/14 ) EQ 04 - 699 (DCU -06/26/14) EQ 08 - 683 (MyFico -06/06/14) 1% Utilization
Moderator
Shogun
Posts: 12,890
Registered: ‎04-15-2011

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Glad to hear you're graduating on to bigger and better things.  :smileyhappy:


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

+1

Moderator Emeritus
tinuviel
Posts: 4,877
Registered: ‎11-02-2010

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Congratulations. It feels wonderful to reach a point where you're able to move past a difficult period in life. Forward progress is always a good thing.  Keep up the good work, and best wishes on your continuing credit journey.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Valued Member
Raiders1
Posts: 45
Registered: ‎07-06-2012

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Did they say how long it's going to take to get your money back? I want to give myself a CLI for a couple months, so I can apply for a better card, then cancel my secured card.


Starting Scores:
EQ FICO 648 - TU08 598 - EX FAKO 544 (1/2012)
Current Scores: EQ 703 - TU 767 - EX 710
In My Wallet: AMEX BCE ($15K), USAA World MC ($9K), Discover It ($6.5K),Chase Freedom ($4K), Walmart ($3.2K),
In the Garden until 1/2015, Last app. 1/14/2014
Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Congrats

Established Contributor
shakalaka
Posts: 547
Registered: ‎09-10-2012

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

[ Edited ]

Cancelled mine also today, feels good.

 

They asked me to stay with unsecured. I told them, I have one ... SD :smileyvery-happy:

 

Congrats


Amex Platinum (NPSL) | Amex BCE (33,400) | Chase Sapphire Preferred (17,400) | Discover IT (12,700) | Chase Freedom (4,800) | Walmart (4,500) | CapOne (1,500) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO: TU 748 (4/30) EQ 730 (4/26) EX 748 (12/5)

Established Contributor
masscredit
Posts: 682
Registered: ‎07-17-2012

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

I had a $300.00 limit. $200.00 of that was secured and the balance was $292. I made a $92.00 payment and told them to apply the $200. that I sent in when I opened the account to the balance and that would take care of it. It was as of Monday.

 

I know interest rates aren't that great right now but it would be nice to draw some interest on $ that you deposit in a secured account. 


|****$6000****|****$6000*****|****$4500*****|****$2500****|****$1600****|****$3000****|******$750******|*****$700*****|
EX - 651 (MyFico 06/05/14) TU - 656 (Barclay 07/07/14 ) EQ 04 - 699 (DCU -06/26/14) EQ 08 - 683 (MyFico -06/06/14) 1% Utilization
Established Contributor
toppers555
Posts: 550
Registered: ‎09-28-2012

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

congrates. I know I can't wait to jan when I close mine. I have been at max 3k for years, and never a late payment. social team ,and BBB complaint no help, all they gave me was a free 100 bucks...they changed the rules of possible card graduration after i accepted card , which has me pissed off.



TU 715 No apps to 05/13 cash+ 5/13!!! 738 TU CSP April 13!!!CSP approved May 13!!!


Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Congrats on the cancelation.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%

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