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

[masscredit]

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!

[Shogun]

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

[Anonymous]

+1

[Anonymous]

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.

[Raiders1]

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.

[Anonymous]

Congrats

[shakalaka]

Cancelled mine also today, feels good.

They asked me to stay with unsecured. I told them, I have one ... SD

Congrats

[masscredit]

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. 

[toppers555]

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.

[Anonymous]

Congrats on the cancelation.