@Anonymous wrote:They mailed me a check. I called them at the 30 day mark to ask why it was taking them so long to give me my money back and they told me the same thing, that they needed to wait and make sure all charges cleared and that there were no automatic payments set up on the account. I was so frustrated. I'm just happy now that it's all over and I don't have to deal with them any longer.
Well, hopefully it will not take as long since they are supposed to direct deposit it back into my WF checking account. I will keep ya posted.
Current Score: Eq: 823 Tu: 830
@Anonymous wrote:This news is very disappointing indeed. I've only had my WF secured card for a few months and I don't have anything bad to say about WF right now, so I'll be holding on to it and see how this plays out. If next spring, when I've had the card for 12 months, they have not reinstated the graduation program then I will probably drop the card and find another.
However, until then I'm not going to up and cancel just because they have put a freeze on their secured card graduation program. Here's hoping that they stand by their secured card graduation program in the long run.
I agree with you. I didn't have any bad experience with Wells Fargo, but I just stared looking at the big picture for myself. Of course each of us is different. For me, I didn't want to be in a position where I had money just sitting there for years down the line that is not earning any interest. It would have been like a catch 22. If this were the only card that I had then I would have kept it. But I had cards that were open longer than WF, so I decided to not continue on with them. I also spoke with my Credit Union and they said that they cannot guarantee this, but the underwriter is very confident that with 6 more months of good payments on the 2 cards that I have now and my car loan, they will refinance my car for me at a much better rate and will be able to give me an unsecured card with them. So, I will keep my fingers crossed for the both of us. Oh, and plus the credit unions interest that they pay on their deposit accounts is much higher than WF. I will say that I have never had any complaints and everyone that I've spoken with from WF has been very nice. My first mortgage was actually through WF.
Just thought I'd post info here that on my TU credit report, WF reports their card as a secured card. I will update once I check my other reports.
@Tazman81 wrote:Just thought I'd post info here that on my TU credit report, WF reports their card as a secured card. I will update once I check my other reports.
Yes, its a well known fact around here that all the secured cards from the prime banks report as such. 
I've read Captial One doesn't report as secured. Haven't seen it for myself yet though.
Starting Score: 737
@Anonymous wrote:
@Tazman81 wrote:Just thought I'd post info here that on my TU credit report, WF reports their card as a secured card. I will update once I check my other reports.
Yes, its a well known fact around here that all the secured cards from the prime banks report as such.
Care to elaborate on that. I like to see a list.
@Wolf3 wrote:
@Anonymous wrote:
@Tazman81 wrote:Just thought I'd post info here that on my TU credit report, WF reports their card as a secured card. I will update once I check my other reports.
Yes, its a well known fact around here that all the secured cards from the prime banks report as such.
Care to elaborate on that. I like to see a list.
BofA, US Bank, Citi & WF all show secured.
I'm not sure about cap1 but they have subprime products as well, where those in that list don't.