Has anyone applied for a secured card and regretted it?

[Anonymous]

I'm thinking about accepting BofA secured Visa 99.00 for 500.00. It's not a high limit, but it's with a bank. 

Have you applied for secured cards and later not use it, only to cancel the card? Or do you still have them?

[Anonymous]

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@Anonymous wrote:

I'm thinking about accepting BofA secured Visa 99.00 for 500.00. It's not a high limit, but it's with a bank. 

Have you applied for secured cards and later not use it, only to cancel the card? Or do you still have them?

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If you need it to build up your credit do it. Although mid 600s should get you an unsecured card. What does the rest of your report look like?

[taxi818]

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@Anonymous wrote:

I'm thinking about accepting BofA secured Visa 99.00 for 500.00. It's not a high limit, but it's with a bank. 

Have you applied for secured cards and later not use it, only to cancel the card? Or do you still have them?

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Yes. 2 years ago. apped the TD bank easy rewards. 500 limit. should graduate in 6 months. after a year. i realized it was useless. the rewards were garbage. i canceled it in branch. and manager said ooh we helped you get other cards like amex and discover. i said you did not help with anything. this card was useless. no thanks.

[Anonymous]

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@taxi818 wrote:

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@Anonymous wrote:

I'm thinking about accepting BofA secured Visa 99.00 for 500.00. It's not a high limit, but it's with a bank. 

Have you applied for secured cards and later not use it, only to cancel the card? Or do you still have them?

---

Yes. 2 years ago. apped the TD bank easy rewards. 500 limit. should graduate in 6 months. after a year. i realized it was useless. the rewards were garbage. i canceled it in branch. and manager said ooh we helped you get other cards like amex and discover. i said you did not help with anything. this card was useless. no thanks.

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Secured cards aren't meant to be good. Even if they graduate they are usually subpar no matter the lender. They are there only to rebuild/start credit then you move on.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

I'm thinking about accepting BofA secured Visa 99.00 for 500.00. It's not a high limit, but it's with a bank. 

Have you applied for secured cards and later not use it, only to cancel the card? Or do you still have them?

---

If you need it to build up your credit do it. Although mid 600s should get you an unsecured card. What does the rest of your report look like?

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This is going sound wierd and you're probably going to wonder why. I have an Amex Blue cash 5K, Chase Visa Disney 2k,  and Chase Freedom 3k, Capitol One 300.00.  I just thought because it's with Bank of america it might be worth it. 

[Anonymous]

I think both your comments answered my question. I don't think it'll be worth it. It keeps bugging me everytime I log into my account. Thank you friends!  

[taxi818]

Well. actually the boa card will graduate and is a good card. you are only putting 99 dollars in the game. if they offered me that. i would go for it. just to have relationship with boa. and knowing 2 years down the road. their good cards will come your way so much easier. too bad. i cant stand boa. no thanks.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

I'm thinking about accepting BofA secured Visa 99.00 for 500.00. It's not a high limit, but it's with a bank. 

Have you applied for secured cards and later not use it, only to cancel the card? Or do you still have them?

---

If you need it to build up your credit do it. Although mid 600s should get you an unsecured card. What does the rest of your report look like?

---

This is going sound wierd and you're probably going to wonder why. I have an Amex Blue cash 5K, Chase Visa Disney 2k,  and Chase Freedom 3k, Capitol One 300.00.  I just thought because it's with Bank of america it might be worth it. 

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Okay I'll put it this way. Don't get it lol. You are already past the need for a secured card. If you can't get an unsecured BOA yet just wait until you can. That's just my advice

[Anonymous]

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@taxi818 wrote:

Well. actually the boa card will graduate and is a good card. you are only putting 99 dollars in the game. if they offered me that. i would go for it. just to have relationship with boa. and knowing 2 years down the road. their good cards will come your way so much easier. too bad. i cant stand boa. no thanks.

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Thanks for sharing. Do you not like their customer service? I think a lot of people don't like them. 
I have been with them since I was 17 years old as a bank customer. Not that it matters. lol

[Anonymous]

I'll do that. If not, there's always Citi bank who I would love to get a card from in a couple of years!