01-21-2010 07:09 AM
01-21-2010 07:10 AM
01-21-2010 09:47 AM
01-21-2010 09:58 AM
01-21-2010 01:11 PM
I had the secure card a couple of years ago and it reported as a secured cared on my report. The funny thing is when I was in the bank signing up for the secured card I was reading pamphlet that read-THE ONLY PERSON THAT WOULD KNOW THE CARD WAS SECURED IS YOU. I do not know if that's the case now but u can always call and ask them.
I remember seeing that on the pamphlet many years ago, and life got in the way before we opened the account. I then heard some secured cards report to the bureau as secured. I am worried that it is a waste of time getting this card if the "secured status" will effect the FICO score.
Does anyone know if that will not hold as much weight being a secured card?
01-21-2010 01:12 PM
I had a secured card from Bank of America and it reported as a regular visa.
I hard that BofA's secured card is a good one, but because of it being BofA I can't bring myself to do it.
01-21-2010 01:19 PM - edited 01-21-2010 01:20 PM
They have two secured cards. I would not need the airline miles, but the APR is better on the SKYPASS card, but has a higher annual fee. I guess that does not matter since I will not be carrying a balance, right? Anyone have the SKYPASS? Do you know if the air miles transfer to other airlines at all?
Find the Card that's Right for You Key
01-21-2010 01:29 PM
Well, I did some snooping and sort of answered my own questions here.
The regular secured card is not available to those in florida. But the skypass card is available to me, and i can use the skypass points with a dozen other airlines. since I do a massive amount of travelling that is probably the card for me. So i might have a higher yearly fee, but i'll have a lower APR in case I have to carry a balance for a month.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.