Established Contributor
Posts: 560
Registered: ‎09-29-2012
Re: Secured vs unsecured

Revelate wrote:

TrishN wrote:

My question is:

Secured and Unsecured. Is it same reporting and they both reporting like credit card?

Generally secured cards report as secured (few exceptions, NFCU, Cap One, USAA secured credit card to my knowledge); however, they make no difference as far as FICO scoring is concerned and both report as revolving accounts - credit cards; the secured detail is a note in the margins which doesn't factor into the scoring algorithm and as such they're useful for building or rebuilding one's credit report and score.

I've read that USAA secured cards do report as Secured.


Don't know as I don't have experience, but thats what some ppl on here have reported.