Steelersfan904 wrote:
Revelate wrote:
Steelersfan904 wrote:
tayOthman wrote:June 11 2012 - New CC shows up with the onlinbe account (Same CL)
June 13 2012 - Credit Report updated with the Same history & the Secured card note removed,
It said secured credit card on your credit reports?
I think most do, USAA and Capital One I believe are two exceptions for their secured products.
Well that just settled m debate on maybe opening a wall fargo secured card
As long as it graduates that's not much of a problem if any. The issue with Wells in the past was they seemed to be very sporadic about unsecuring cards, but over the last few months on these forums a slew of users had their cards unsecured. I think if either C1 or USAA unsecured, they'd move immediately to the head of the class (above NFCU / BOFA) in my book, but they don't graduate so it's a tradeoff between unsecuring, or being able to add funds without a HP / not reporting as secured on one's credit reports.
If any secured product offering gets all three of those tasty benefits, instant #1 in my book but hopefully I'll never need to worry about another secured card personally.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
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rootpooty wrote:
Revelate wrote:As long as it graduates that's not much of a problem if any. The issue with Wells in the past was they seemed to be very sporadic about unsecuring cards, but over the last few months on these forums a slew of users had their cards unsecured. I think if either C1 or USAA unsecured, they'd move immediately to the head of the class (above NFCU / BOFA) in my book, but they don't graduate so it's a tradeoff between unsecuring, or being able to add funds without a HP / not reporting as secured on one's credit reports.
If any secured product offering gets all three of those tasty benefits, instant #1 in my book but hopefully I'll never need to worry about another secured card personally.
nfcu doesnt report as secured it graduates and doesnt hp to add funds. wouldnt that be number one in your book?
Until today NFCU was already the top secured card in my opinion as I've stated several times 
. I didn't know that you could easily add funds to it though, that's good to know and thank you for pointing that out.
That said, now that BOFA offers a full rewards package (which is better than the nRewards on the secured NFCU) I'm of the opinion that BOFA is top dog again. TBH I hadn't really considered rewards on a secured card, and the fact that NFCU had one was just an excellent secured card made better; however, now that other lenders are starting to offer similar or better packages, there's an entire strata of benefits which I had had simply written off until I and anyone else got past the secured card stage.
Also as NFCU isn't open to everyone (not saying it should be, my mother did a tour in the Air Force but I have zero paperwork so I'm SOL on access there) that has always put an asterisk on it as top secured card in my book, but now while I'll still recommend it to anyone with access to it who's looking to build credit (since you really want 2-3 revolving tradelines anyway) as it's easily in the top 3 by a singificant margin, it's simply not the best anymore by my personal evaluation.
Other people's opinions will vary of course.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
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rootpooty wrote:i completely agree with you. i just found out with you at the same time lol that we can add the 123 rewards to our secured card with boa. the one thing that i cannot stand with boa is that they will hp you to add your own funds to increase the limit. other than that i believe its the hardest secured card to get. its more for building than rebuilding
Heh, I take the forum comments on approvals / difficulty for secured cards with a grain of salt: you have to know your report is kinda squirrley to find this forum in the first place.
I agree it sort of sucks on their CLI policies, maybe that'll loosen up over time though it's just one set CLI practice for all their cards, and they're no different than Chase or I think Citi in that regard (Chase not offering a secured product unfortunately, I would've been all over that if they had from a relationship perspective). In my case it didn't matter so much as I usually don't have a free cash flow problem; however, if one does need to add to the limit over time, that's definitely a pretty big negative.
That said, since you want 2-3 cards anyway, and I recommend the C1 card to most anyone as well in my top 3, you can add limits to that one just fine. You don't have to get all of the perks in a single rebuilder card to still maximize the silly FICO tricks. It is nice though when you can combine 2-3 different features into a single card I agree, but we're stuck picking off the shelf for credit products (kinda like relationships) and looking for perfection is bound to be disappointing .
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
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