Credit Cards Center Credit cards from our partners
Reply
New Contributor
Posts: 57
Registered: ‎12-26-2016
0

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
Community Leader
Valued Contributor
Posts: 1,952
Registered: ‎02-28-2015

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 2017
AMEX Platinum NPSL| BCP| AMEX ED| BBVA NBA AMEX| Venture| QS| BoA Cash Rewards
New Contributor
Posts: 57
Registered: ‎12-26-2016
0

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
Posts: 1,666
Registered: ‎06-30-2016

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
Posts: 57
Registered: ‎12-26-2016

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
Valued Contributor
Posts: 1,656
Registered: ‎08-25-2016
0

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
Posts: 1,666
Registered: ‎06-30-2016
0

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
Posts: 57
Registered: ‎12-26-2016
0

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
Posts: 123
Registered: ‎01-11-2017
0

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

[ Edited ]

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: TU: 696 EX: 712 EQ: 701
Goal Score: 740 Across the Board
In My Wallet: Cap1 QS1 - Cap1 BuyPower - PenFed Power Cash Rewards - AmEx Delta Gold - AmEx Green - DISCO

Take the myFICO Fitness Challenge
New Contributor
Posts: 57
Registered: ‎12-26-2016
0

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

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.