Suggestions for secured credit card

[Creditaddict]

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@VirusCredit13 wrote:

Been about a year since I last looked, but I could of sworn Captial one's secured used to not have a annual fee? Or am just remembering things wrong.

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It can be deposit of $49, $99, or $200 for a $200 Credit Line and a $29 AF

[VirusCredit13]

I was asking if it always had an annual fee, for some reason I thought it didnt.

[bizzyballa31]

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@VirusCredit13 wrote:

I was asking if it always had an annual fee, for some reason I thought it didnt.

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It has had an annual fee for at least the last 3 years.  I just closed mine that I got in 2011.

[JoshuaHolySpirit]

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@bizzyballa31 wrote:

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@VirusCredit13 wrote:

I was asking if it always had an annual fee, for some reason I thought it didnt.

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It has had an annual fee for at least the last 3 years.  I just closed mine that I got in 2011.

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Yep, Cap One has always been the $29 since year 2000. Don't know before that.

[jmcmillan]

Actually, the annual fee was $24 until around Febrarury 2011, then it went up to $29 and they raised the APR. Fortunately, I got mine in January 2011, so I was able to secure the lower annual fee and interest rate.

[christine3377]

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@Creditaddict wrote:

why is capital one not an option?

BofA can be a hard secured card to get but is the best if you can!

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Had judgment that is paid with them called to see if they would report correctly and Apparently they have an old orchard bank account that has a balance.....I applied for a mortage a couple of weeks ago and the bank gave me their report wich said that this account has been paid in full and closed.  It is also past the sol not reporting on credit reports, so I don't want to deal with them at the moment.

[vish1]

I can vouch for BoA secured personally. I got mine in Feb 2010 with a 500$ limit (500$ deposit). Got unsecured in exactly 1 year (1 year - 5 days is the earliest they unsecured it).

Got the CLI to 7500 while unsexuring. Fast forward 3 years and the card grew exponentially. Currently at CL of 35k.

Things to know:
BoA always does a HP (even when u ask to unsecure)
Every CLI is HP
You will have to fight hard to get AF removed even after you unsecure (took me like 6-7 phone calls to backdoor number)