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Valued Member
Posts: 27
Registered: ‎09-11-2012
0

Wells Fargo Graduated!

Well so far my hardwork is paying off.  I have had my WF secured card for 1 year this past October and yesterday I got the letter saying they will refund and graduate me to a unsecured card in the next 45 days!!  Super pumped.  Now lets hope my US bank will do the same thing in about a year.  I have only had that card for 2 months. 

 

Anyone that has gone through this process, care to explain it to me?  Does it really take 45 days?  Do they give you the same limit that you had with your deposit?  Like my card has a limit of 1000 will the unsecured be higher or lower?

 

If its lower, can I keep the secured card open?

 

Thanks!!Smiley Happy

July 2012 TU 480, EQ 527, EX 495
Aug 2012 TU 475, EQ 527, EX 505
Sept 2012 TU 530, EQ 585, EX 595
Oct 2012 TU 640, EQ 605, EX 615
Valued Contributor
Posts: 2,802
Registered: ‎10-10-2012
0

Re: Wells Fargo Graduated!

Congrats on your progress!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
0

Re: Wells Fargo Graduated!

Congrats

Valued Contributor
Posts: 1,176
Registered: ‎05-20-2010
0

Re: Wells Fargo Graduated!

Congrats! Normally when a secured card is converted over to a unsecured card, the limit will usually either stay the same or you're granted a CLI during the process. Thats generally the case when a card unsecures. I can't talk about the WF secured specifically, since I have no personal experience with that exact card. I'd be a bit surprised if they give you a lower limit once the card converts over. Again, congrats!

CH7 Discharged: 4-14-16
Rebuilding in Progress.....
May 2016 - EX: 594, TU: 582, EQ: 619
July 2016 - EX: 629, TU: 600, EQ: 622
Regular Contributor
Posts: 236
Registered: ‎10-03-2011
0

Re: Wells Fargo Graduated!

Great News, keep up the good work Smiley Happy

 


Starting Score: 672 TU, 669 EQ, 659 EX FAKO(10/3/11)
Current Score: 786 TU FICO(5/23/14), 758 EQ FICO (8/01/14), 811 EX FICO (5/26/14)
Goal Score: 720+

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Moderator Emeritus
Posts: 14,051
Registered: ‎04-15-2011
0

Re: Wells Fargo Graduated!

Congrats!!!!!!  

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Valued Member
Posts: 27
Registered: ‎09-11-2012
0

Re: Wells Fargo Graduated!

Thank you.  Now its time to garden and sit for at least a year.  I have way to many Inqs!!

July 2012 TU 480, EQ 527, EX 495
Aug 2012 TU 475, EQ 527, EX 505
Sept 2012 TU 530, EQ 585, EX 595
Oct 2012 TU 640, EQ 605, EX 615

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