Reply
Epic Contributor
Creditaddict
Posts: 20,108
Registered: ‎10-23-2007
0

Re: Secured credit cards from "prime" lenders

Every person I have ever talked to at Us Bank has said 680. usually you hear many different numbers from different employees because no one really knows, so they put there own 2 cents in... but US bank seems to know the number.

however lately they care about Debt a lot too above and beyond the 680, but yet they don't seem to mind high util on there own cards if you use there bt offers, etc. 

Fico Scores: EQ 673 DCU, TU 678 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Established Contributor
bamagirl1
Posts: 1,044
Registered: ‎12-30-2007
0

Re: Secured credit cards from "prime" lenders

also when i was looking for a secured card i was advised by fifth 3rd bank that they dont offer secured in my state and they said not even a regular card or any type of loans, ec? is that true? i "thought" they were offered everywhere..my dad lives in the same city as i and his truck is thru fifth 3rd bank
~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??
Epic Contributor
Creditaddict
Posts: 20,108
Registered: ‎10-23-2007

Re: Secured credit cards from "prime" lenders

yes some banks products are not available in all states.
Fico Scores: EQ 673 DCU, TU 678 Wally, EX 669 Chase(08-31-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Express $300
Over 45 Cards in between :smileytongue:
Established Contributor
bamagirl1
Posts: 1,044
Registered: ‎12-30-2007
0

Re: Secured credit cards from "prime" lenders

yes i know i was just wondering if anyone had info regarding this from personal experience..i mean i thought most banks offered a credit card in all states, i know not some secured ones..like for example us bank wont allow me to have one bc of the state i live in but i can have an unsecured card per their cust svc
~01/2008 Ficos TU 571-EX 647-EQ 652~
~3/21/2009 Ficos TU 705 EX 702 EQ 692~
~9/9/09 Ficos TU 718 EQ 693 EX???
~06/25/12 Ficos TU 719 EQ 677 EX??
Member
jelopez
Posts: 12
Registered: ‎01-01-2009
0

Re: Secured credit cards from "prime" lenders

[ Edited ]

I can add two to the list that have some issues or at least for me they did:

 

 

 

1.  HSBC Secured:  Problem is I sent them a $300 money order to open one, and they sent it back to me and said "we are unable to open the saving account required for this type of account."  I am on ChexSystems!!! HSBC would not open a blasted savings for me, but if your ARE NOT ON CHEXSYSTEMSm, here is an option.

 

2.  First Mark Credit Union (San Antonio) Secured:  I opened a secured card with them with a $300 with a TU score of 575.  They are picky about giving CLI even if you have the money deposited into a savings.  They want to see low utlization and I opened 12 new credit card accounts in 1 year.  That freaked them out. 

 

 Also, First Mark is reporting it as a regular credit card.  The secured notation is not present on the CRAs.

 

Anyone in SA can be a member of FirstMark.

 

If you know a mainline secured card that dosen't care about ChexSystems and is NOT Wells Fargo, please post it.

 

Thanks.

Message Edited by jelopez on 01-05-2009 09:41 PM
Message Edited by jelopez on 01-05-2009 09:42 PM
Moderator Emerita
LilMirth
Posts: 3,091
Registered: ‎08-09-2008
0

Re: Secured credit cards from "prime" lenders

Just bumping this up for the recent askers.

-------------------------------------------


Friendly, Supportive & Respectful


Understanding Your FICO Score  |  Credit Scoring 101  |  Common Abbreviations  |  FTC: FCRA Links  |  FTC: FDCPA Links  |  Opt-Out  |  State Resources


"However gradual may be the growth of confidence, that of credit requires still more time to arrive at maturity” ~ Benjamin Disraeli

Senior Contributor
score_building
Posts: 3,532
Registered: ‎01-10-2008
0

Re: Secured credit cards from "prime" lenders

LilMirth, what a great idea for a thread.  Pen Fed Secured is probably a worthy addition here but not that much info. available on it that i've been able to find at least -except that there appears to be little difference in the approval criteria between the secured and unsecured cards.
FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008
0

Re: Secured credit cards from "prime" lenders

If you get a secured card does it show on your cr that its secure?
-------------------------------------------------------------------------------------------------

Starting Score: 472
Current Score: 628
Goal Score: 680


Take the FICO Fitness Challenge





Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900
Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009
0

Re: Secured credit cards from "prime" lenders

Shalane, it depends on the lender. I believe it was National City Bank that reported their secured cards as unsecured. However, my Citi Secured Card reports as secured.
Frequent Contributor
cw81
Posts: 273
Registered: ‎06-30-2008
0

Re: Secured credit cards from "prime" lenders

[ Edited ]

National  City  used  to  approve everyone for  secured cards last year but they have been bought by  PNC and things have changed but  It doesnt hurt  to  call and ask if  they still  provide secured cards. The only thing with them it doesn't unsecure  you have to  close it out and open a new  card after a year or so but it does help you rebuild  and I  think when it has served its purpose you will be able to get unsecured credit.  I believe they pull TU.

 

 

 

Message Edited by cw81 on 06-28-2009 08:31 PM

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+