Valued Contributor
Posts: 1,070
Registered: ‎10-15-2011

Re: To keep or cancel Secured Card

Well you can always ask them to make it unsecured.  If normal customer service won't help you, which with Cap One is normal, then you could contact their Executive Office.  If you have already paid the annual fee this year then I would simply wait until the next annual fee to decide what to do.  You can also ask them to waive the AF for this year.  If normal customer service doesn't work on the first contact, then try them again a few times.  Getting it unsecured would be the best way to go, either now or later.  Having the account open will help in some ways; AAoA, util, and positive payment history.

Rethink every purchase you make, before you make it. Use the card with the best rewards. Pay in full each month. Redeem rewards often. Use the cards online shopping for more discounts. Smile, knowing that being thrifty allows you to actually get more out of the same amount of money!
Frequent Contributor
Posts: 276
Registered: ‎05-08-2013

Re: To keep or cancel Secured Card

Capital one doesn't insecure their card.

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+