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Established Member
lewdog
Posts: 18
Registered: ‎09-19-2011
0

Closing a secured Cap 1

I have had a secured Cap 1 with a $200 limit for over a year and a half. I have another Cap 1 platinum with $2000 limit. If I close the secured card, do they refund the $$?

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Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: Closing a secured Cap 1


lewdog wrote:

I have had a secured Cap 1 with a $200 limit for over a year and a half. I have another Cap 1 platinum with $2000 limit. If I close the secured card, do they refund the $$?


Absolutely, but they wait  over 60 days to let everything clear and they send a check   

 

Established Contributor
jordanmedical
Posts: 1,011
Registered: ‎04-08-2012
0

Re: Closing a secured Cap 1

Been told it's faster to close with a balance, they refund faster to cover the card balance.

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Established Contributor
YahComb
Posts: 599
Registered: ‎03-10-2012
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Re: Closing a secured Cap 1

I closed my secured back in August, had my refund within 5 days.
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Established Contributor
YahComb
Posts: 599
Registered: ‎03-10-2012
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Re: Closing a secured Cap 1

I closed with a zero balance.
EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Established Member
texaspete2012
Posts: 61
Registered: ‎04-27-2012
0

Re: Closing a secured Cap 1

Just closed mine the AM. Feels good. Was told that I could call the customer service number to request funds to be expidited, if not after 60 days. My statement  closes on the 11th, and I have had zero balance for 6 months. Hopeful they will send it back sooner.

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