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Established Member
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Registered: ‎09-19-2011
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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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Registered: ‎01-24-2010
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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   

 

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Registered: ‎04-08-2012
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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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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
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Re: Closing a secured Cap 1

I closed with a zero balance.
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Established Member
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Registered: ‎04-27-2012
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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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