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newstart2010
Posts: 670
Registered: ‎01-08-2010
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US Bank Secured Card

Anyone have it?  Does it report as a secured card?  Or does it report as a regular unsecured revolving account?
I live my life like I type, fast and with a lot of mistakes.
11/01/2014 || FICO TU: 610 EXP: 601
11/11/2014 || FICO TU: 659 EXP: 657
Util: 3% || Fingerhut $1000, Dillards $400, Credit One $500, Target $800, USAA $1000, Pier 1 $900, Best Buy $1500, Wells Fargo $1000
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bakalao2k
Posts: 449
Registered: ‎02-21-2009
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Re: US Bank Secured Card

it should report as a regular revolving account.
TU - 737 - 02/21/09, 769 - 02/06/10, 795 - 09/08/10
EQ - 758 - 02/21/09, 783 - 02/06/10, 805 - 09/08/10
EX (PLUS) - 781 03/23/09, 787 - 02/06/10, 783 - 08/09/10
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Creditaddict
Posts: 22,064
Registered: ‎10-23-2007
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Re: US Bank Secured Card

it's a great card but will only un-secure if your get your credit score above a 680 after 12 months
Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
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: Target $200
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l9ikjam
Posts: 662
Registered: ‎09-07-2007
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Re: US Bank Secured Card

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.
Advice is what we ask for when we already know the answer but wish we didn't.
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Creditaddict
Posts: 22,064
Registered: ‎10-23-2007
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Re: US Bank Secured Card

I think when they say your the only one that will know it's secured is when your charging with the card, the card itself does not reflect anything but a credit card.
Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
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: Target $200
66 Cards and Counting :smileytongue:
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Cotton_Britches
Posts: 259
Registered: ‎06-11-2008
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Re: US Bank Secured Card

I had a secured card from Bank of America and it reported as a regular visa.

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"I will walk by faith, even when I cannot see. Because this broken road prepares your will for me." - Jeremy Camp
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newstart2010
Posts: 670
Registered: ‎01-08-2010
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Re: US Bank Secured Card


l9ikjam wrote:
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?

I live my life like I type, fast and with a lot of mistakes.
11/01/2014 || FICO TU: 610 EXP: 601
11/11/2014 || FICO TU: 659 EXP: 657
Util: 3% || Fingerhut $1000, Dillards $400, Credit One $500, Target $800, USAA $1000, Pier 1 $900, Best Buy $1500, Wells Fargo $1000
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newstart2010
Posts: 670
Registered: ‎01-08-2010
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Re: US Bank Secured Card


missypants wrote:

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.  

I live my life like I type, fast and with a lot of mistakes.
11/01/2014 || FICO TU: 610 EXP: 601
11/11/2014 || FICO TU: 659 EXP: 657
Util: 3% || Fingerhut $1000, Dillards $400, Credit One $500, Target $800, USAA $1000, Pier 1 $900, Best Buy $1500, Wells Fargo $1000
Blogger
newstart2010
Posts: 670
Registered: ‎01-08-2010
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Re: US Bank Secured Card

[ Edited ]

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
Benefit Intro APR APR on
Purchases Annual Fee   SKYPASS Visa® Secured
Apply Now
Remove from ListRemove
Show Featuresdocument.write(featureText);Show Features Korean Air Travel Rewards None Prime + 12.99% $50
  • 3,000 SKYPASS Bonus Miles with first purchase.  1,000 miles at Annual Renewal.
  • Earn SKYPASS miles.  On SkyTeam flights.
  • 1 mile for every $1 you spend.  No cap or expiration on miles.
  • Bilingual Support.  Customer service and 24 hour account access.
  • Qualify for a U.S. Bank Package.  Earn special package rates and discounts.
  • More Info...


U.S. Bank Secured Visa®
Apply Now
Remove from ListRemove
Show Featuresdocument.write(featureText);Show Features Build or re-establish your credit history None Prime + 16.99% $35

  • Flexible credit line.   Set the credit limit with a secured deposit.
  • Only you know it’s secured.  Use everywhere Visa is accepted.
  • Earn interest.  On the account established to secure your credit line.
  • Overdraft protection.  Safeguard your checking account and avoid fees.
  • Qualify for a U.S. Bank Package.  Earn special package rates and discounts.
  • More Info...

 

 

 

Message Edited by newstart2010 on 01-21-2010 04:20 PM
Message Edited by newstart2010 on 01-21-2010 04:20 PM
I live my life like I type, fast and with a lot of mistakes.
11/01/2014 || FICO TU: 610 EXP: 601
11/11/2014 || FICO TU: 659 EXP: 657
Util: 3% || Fingerhut $1000, Dillards $400, Credit One $500, Target $800, USAA $1000, Pier 1 $900, Best Buy $1500, Wells Fargo $1000
Blogger
newstart2010
Posts: 670
Registered: ‎01-08-2010
0

Re: US Bank Secured Card

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.

I live my life like I type, fast and with a lot of mistakes.
11/01/2014 || FICO TU: 610 EXP: 601
11/11/2014 || FICO TU: 659 EXP: 657
Util: 3% || Fingerhut $1000, Dillards $400, Credit One $500, Target $800, USAA $1000, Pier 1 $900, Best Buy $1500, Wells Fargo $1000

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