Secured WF CLI?

[MortgageMinded]

Just curious, does Wells Fargo Secured CC get Credit Line Increases?   If so, is it a HP or SP?

[MortgageMinded]

BUMP?

[Whitneyy]

They told me yes but not a lot and after a year they will make it unsecured and give you your 300$ back.

[MortgageMinded]

Thanks Whitneyy,

It will be a year next month and hoping for a conversion letter this month. I did receive a letter stating that my rate and my annual fee will be processed in May. So, it looks like I didn't graduate .

Hoping I get a little credit bump. It's been a year with on time payments, a zero balance and wishing big that I would graduate. I heard they re-evaluate in April and October.

[Whitneyy]

Well I KNOW you will graduate, because I just called and asked. LOL

[MortgageMinded]

Thanks!!! Good Karma rebounds!!! Crossing fingers and toes...

[kezia2410]

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@Whitneyy wrote:

They told me yes but not a lot and after a year they will make it unsecured and give you your 300$ back.

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I have a WF Secured for almost 14 months now and I called them in Feb and asked them if It would be graduated after a year. They told I would have to apply for an unsecured card. I spoke with 3 different agents on the phone and I went into the branch and They all told me the same thing. I guess I'll be going another year cause I paid the AF fee last month. I'll keep it this next Feb and if they don't graduate by them I will close it and apply with someone else for unsecured card.

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[MortgageMinded]

I hear ya, I just don't want to mess with my AAoA since it's been paid on time and only $25 for an AF (even if I don't use it). It still reports.

[polno1234]

just went and read wf secured card website it says it is eligible to graduate. yay for you. you might try depositing more money to have higher limit. then when they graduate you to secured they may give you that limit to start? you could also try for a us bank hd secured card. no af, it will gradute, and the deposit earns interest. then you would have 2 that are unsecured when they graduate