Capital One Secured MasterCard - No More Deposits?

[Anonymous]

First time I saw it on Cap1 site. It's unsecure. They give you a 100$ credit line. After you make your first five on times payments they start reporting to CRA. If you are late once in the first 5 months the automatically close the account.

[Anonymous]

Sounds like the regular card we already have

[Anonymous]

Donny do you have a link for this said card? I don't see it on their site.

[Anonymous]

I don't see this either 

[Anonymous]

Strange, it's not there anymore. Honestly, it was there the day I posted. I bet it will be back...It was called "The Rebuilder". Unsecured, 100$ credit line. Will begin to report to all CRA's after you make your first 5 payments on time. If you missed one payment before your 5 months it would automatically close. I'm telling you all, it was there....

[Anonymous]

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@Anonymous wrote:
Strange, it's not there anymore. Honestly, it was there the day I posted. I bet it will be back...It was called "The Rebuilder". Unsecured, 100$ credit line. Will begin to report to all CRA's after you make your first 5 payments on time. If you missed one payment before your 5 months it would automatically close. I'm telling you all, it was there....

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You're not nuts.  I see it too.  $100 unsecured line, after 5 payments they post back reporting to the bureaus and give you $500, miss a payment and it gets immediately closed, it's a Platinum.

I snagged a couple links and made a thread about it a couple minutes ago.

[Anonymous]

Thank you..I thought maybe I was seeing things. Thanks for confirming.

[Anonymous]

Yes, they gave me $100 and after 5 payments on time, it will increase to $500. I did't put a deposit down either.