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For the rebuilders wondering about Cap1 secured to unsecured here you go...

New Contributor

For the rebuilders wondering about Cap1 secured to unsecured here you go...

Hope I'm posting this in the correct place if not please let me know thanks!

 

 

Decided to do a prequalification with my mother who does not have any credit and this was her result:

 

 

 

Secured MasterCard®

Apply Now For the Secured MasterCard Card.
 
Primary Benefit
Security deposit of $49, $99 or $200 required. Make your first 10 monthly payments on time to earn an upgrade to an unsecured credit card. This is a special offer, so apply now.
Purchase APR
24.99% variable APR
Transfer Information
24.99% variable APR; No Transfer Fee
Annual Fee
$0
 

 

Not sure how long this "special offer" is going to last but I know some were wondering about the secured cards unsecuring so I figured I would share! Smiley Happy

 


11/2016 - Starting Scores -- EQ 503 EX 501 TU 508 --- Current Scores - FICO 8 -- EQ 591 EX 612 TU 606

In the garden until 4/2018
11 REPLIES
Community Leader
Valued Contributor

Re: For the rebuilders wondering about Cap1 secured to unsecured here you go...


wonderful_1 wrote:

Hope I'm posting this in the correct place if not please let me know thanks!

 

 

Decided to do a prequalification with my mother who does not have any credit and this was her result:

 

 

 

Secured MasterCard®

Apply Now For the Secured MasterCard Card.
 
Primary Benefit
Security deposit of $49, $99 or $200 required. Make your first 10 monthly payments on time to earn an upgrade to an unsecured credit card. This is a special offer, so apply now.
Purchase APR
24.99% variable APR
Transfer Information
24.99% variable APR; No Transfer Fee
Annual Fee
$0
 

 

Not sure how long this "special offer" is going to last but I know some were wondering about the secured cards unsecuring so I figured I would share! Smiley Happy

 


That's great news.  For so long the card would not secure.  Thanks for sharing.


Gardening till December 2018
AMEX Platinum NPSL| BCP| AMEX ED| BBVA NBA AMEX| Venture| QS| BoA Cash Rewards
New Contributor

Re: For the rebuilders wondering about Cap1 secured to unsecured here you go...

No problem kaykay65 just trying to pay it forward!

11/2016 - Starting Scores -- EQ 503 EX 501 TU 508 --- Current Scores - FICO 8 -- EQ 591 EX 612 TU 606

In the garden until 4/2018
Valued Contributor

Re: For the rebuilders wondering about Cap1 secured to unsecured here you go...

They have backdated this "special offer" for all cardholders who obtained the card since what appears to have been since January or February of last year. I think it's safe to say they have opted to graduate these cards to be competitive with BoA/Disco/Citi. 

 

Mine unsecured over the weeked after the 11th statement cut last week. ^_^


EX08 659 EQ08 660 TU08 695 Starting: mid 300'sGoal: 700
New Contributor

Re: For the rebuilders wondering about Cap1 secured to unsecured here you go...


lowkeyorca wrote:

They have backdated this "special offer" for all cardholders who obtained the card since what appears to have been since January or February of last year. I think it's safe to say they have opted to graduate these cards to be competitive with BoA/Disco/Citi. 

 

Mine unsecured over the weeked after the 11th statement cut last week. ^_^


Congratulations lowkeyorca!!! Thats good to know thanks for the information!! That means mine has a chance of unsecuring as well!! 


11/2016 - Starting Scores -- EQ 503 EX 501 TU 508 --- Current Scores - FICO 8 -- EQ 591 EX 612 TU 606

In the garden until 4/2018
Community Leader
Valued Contributor

Re: For the rebuilders wondering about Cap1 secured to unsecured here you go...

Unfortunately, mine and hubby's cards are from October and November of 2015. Hopefully they'll backdate it a bit further if not completely
Valued Contributor

Re: For the rebuilders wondering about Cap1 secured to unsecured here you go...


rmduhon wrote:
Unfortunately, mine and hubby's cards are from October and November of 2015. Hopefully they'll backdate it a bit further if not completely

I hope so, too!


EX08 659 EQ08 660 TU08 695 Starting: mid 300'sGoal: 700
New Contributor

Re: For the rebuilders wondering about Cap1 secured to unsecured here you go...


lowkeyorca wrote:

rmduhon wrote:
Unfortunately, mine and hubby's cards are from October and November of 2015. Hopefully they'll backdate it a bit further if not completely

I hope so, too!


I hope they do as well rmduhon!! 


11/2016 - Starting Scores -- EQ 503 EX 501 TU 508 --- Current Scores - FICO 8 -- EQ 591 EX 612 TU 606

In the garden until 4/2018
Regular Contributor

Re: For the rebuilders wondering about Cap1 secured to unsecured here you go...

I logged in and went to the live chat after I saw this. I have only kept this card because of its age, use it once every couple of months for something small. I asked the live chat rep if I was eligible to be graduated to an unsecured card. It was opened in 9/2015. She said no. Wasn't a huge deal to me because I wasn't probably going to do anything with the unsecured version either. For data points, I have the QS1, GM BuyPower as well, combined $7,500 CL with 7% utilization. Also have a couple other cards. No late pays in last 5 years. I suppose this is one of those YMMV situations, but that is what I experienced today. 

Starting Score:Low 500s in 2013
Current Score 11-13-17: TU: 750 EX: 801 EQ: 762
Goal Score: 740 Across the Board
In My Wallet: Cap1 QS1 - Cap1 BuyPower - PenFed Power Cash Rewards - PenFed Promise - AmEx Delta Gold - AmEx Green - DISCO - NFCU Cash Rewards

New Contributor

Re: For the rebuilders wondering about Cap1 secured to unsecured here you go...

Thanks for that JGGM. Even though the card has "served its purpose" I'm still sorry to hear that yours isn't eligible for graduation.

11/2016 - Starting Scores -- EQ 503 EX 501 TU 508 --- Current Scores - FICO 8 -- EQ 591 EX 612 TU 606

In the garden until 4/2018