@rootpooty wrote:
One thing you need to know is that secured cards take forever to process/receive. I wouldn't bother with orchard secured card. Its another card that doesn't graduate then you will be stuck with it and cap one. Read up on USA a secured MasterCard or amex. Wells Fargo and us bank also offer secured cards. Also look into local credit unions in your area. Most credit unions can do a secured CC and will grow with you once you show good history
Actually most CU/USAA secured cards do not, at all. C1 is one of the few that does as you can deposit more money.
The OP probably qualifies for an Orchard unsecured, which is why I made the suggestion but all of yours are legitimate recommendations though I'd skip Wells Fargo.
You could always get a second Capital One secured card. I have two.
Just paid off one of them tonight as a matter of fact! 
I'm a big fan of secured installment loans, as it will help you with positive installment history, and you don't pay fees, you just pay a nominal interest which is slightly offset by the interest you gain in your deposit CD. I did this back when Chase did secured loans
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
@js0319 wrote:
I app'd for a Wells Fargo secured card a few months ago, and they denied me on the basis that I didn't have enough funds in my accounts and my direct deposits were insufficient to justify a secured card. I had over $4k in my accounts, and I was going to secure the card with $1k. Also, it was not my primary account, it was a secondary bank account. Point being - don't do Wells Fargo either. My credit isn't very good either, but it still hurts getting denied for a secured card with which your backing up with your own hard earned cash.
Wow they denied you for a secured cc with 4k sitting in the bank... seriously.. Ok Wells Fargo is not worth it!
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
A lot of bank secured cards have funny stipulations, like you can't get a US Bank secured card if you have a banktupcy on your record.
Both of my primary cards are Capital One. A lot of people here aren't wild about them, but, they gave me decent limits for my credit situation. My husband has much better credit than me and has had the same $300 limit for a few years now, while I started with a $1000 limit on one card and a $500 limit on another with scores in the low 600's. His scores are 700+.
Another Cap One secured probably wouldn't be a bad idea, but, eventually you'll want to ditch them in favor of something without an annual fee. Cap One Jouneys doesn't have an annual fee and I don't believe the Cap One Sony or Playstation cards have annual fees either.
@JenniferinFL wrote:A lot of bank secured cards have funny stipulations, like you can't get a US Bank secured card if you have a banktupcy on your record.
Both of my primary cards are Capital One. A lot of people here aren't wild about them, but, they gave me decent limits for my credit situation. My husband has much better credit than me and has had the same $300 limit for a few years now, while I started with a $1000 limit on one card and a $500 limit on another with scores in the low 600's. His scores are 700+.
Another Cap One secured probably wouldn't be a bad idea, but, eventually you'll want to ditch them in favor of something without an annual fee. Cap One Jouneys doesn't have an annual fee and I don't believe the Cap One Sony or Playstation cards have annual fees either.
Don't discount having cards from multiple lenders. I could theorize on a few underwriting ideas, but occasionally banks have technical problems (or think you have account ones) and at times they're going to overreact and freeze all credit accounts rather than one (if they suspect fraudulent transactions on one or both).
While the tradelines are the same, it sucks if both cards you're carrying have the same snafu which is less likely with multiple lenders.
@Revelate wrote:
@rootpooty wrote:
One thing you need to know is that secured cards take forever to process/receive. I wouldn't bother with orchard secured card. Its another card that doesn't graduate then you will be stuck with it and cap one. Read up on USA a secured MasterCard or amex. Wells Fargo and us bank also offer secured cards. Also look into local credit unions in your area. Most credit unions can do a secured CC and will grow with you once you show good historyActually most CU/USAA secured cards do not, at all. C1 is one of the few that does as you can deposit more money.
The OP probably qualifies for an Orchard unsecured, which is why I made the suggestion but all of yours are legitimate recommendations though I'd skip Wells Fargo.
Think I misread the top quoted comment.
Most secured credit cards don't grow, C1's sorta does as it's partially secured; however, it does not unsecure. The only ones we know reliably unsecure are BOA, US Bank, and maybe Citi and once in a blue moon Wells Fargo.
Where I screwed up (my apologies) is that *lenders* can grow with you: it'd require a new application for a new card (can't product change or get higher limits etc.); however, they have higher tier credit products which you may want later. In that regard, absolutely USAA, CU's that offer cards, and any non-subprime lender which offers prime producs qualifies under that and that can be a big advantage later as some of them will reward loyalty. I don't know that it's a critical factor but it probably can't hurt, and neither Orchard nor C1 (not really, I know there are some exceptions) offer much in the way of prime cards that people routinely want.
If it makes you feel any better, I tried for a Capital One secured card as my first card and they declined me... 