topic US bank secured card data;an non- USbank secured CC in Credit Cards

US bank secured card data;an non- USbank secured CC

Anonymous — Sat, 08 Jul 2017 04:12:32 GMT

Hello, myFICO community

I have been seaching far and wide for information on sercured CC's for years now. Over a year ago, I opened an US bank secured card, and it seems that some of their practices concerning unsecuering the secured CC's is not what you would call "good biz practices" so please help me out.

{non-US bank secured CC are welcome!!!}

calling all{US bank secured CC holders}*{please list data points,that will help with CC graduation in the fico community}

{non-US bank secured CC are welcome!!!}

1.Banks Name:

2.Secured amount:

3.How old is card:

4.Unsecure attempt:After how many Mo.

5.Graduation Time frame:How many Mo. before unsecure HP or SP

6.Any CLI after gradaution:

Place any notes here about unsecuring process:

UPDATE: 7-2-17

1.Banks Name: Elan Financial

2.Secured amount: $5000.oo

3.How old is card: 1YR. 5MO.

4.Unsecure attempt: 5

5.Graduation Time frame: 17MO.

6.Any CLI after gradaution: Yes, same day on graduation.

Place any notes here about unsecuring process:

4.Unsecure attempt: 5

I believe it went something in this order 2 calls +2 letters,you know spread out over like 2-3mo. requesting to have CC funds unsecured and (blah blah) please if you could be so kind as to doing a soft pull. Elan fin. is very FIRM on hard pull even speaking with a MGR. That being said I finally made an executive decision LOL I called in and put in the request to have it unsecured and take the hard pull.

Note: They said, its a manual review and this took 24-48

5.Graduation Time frame: 17MO.

I do not believe this CC would have unsecured on its own.

6.Any CLI after gradaution: Yes,same day as graduation.

ok, so after dealing with US bank,I knew the game a lil. So I already knew to ask for a increase,I called the very next day while the CC is in process of being unsecured.....so remember back when the US bank rep said the following...

"If we stay between $5000.oo - $10,000.oo we should be able to use same HP."

Gave it a go and asked Elan rep. to raise it by $9500.oo !!!!!!

Bringing Elan CL to $14,500.oo definetly worth the HP.

other notes....it PC'd to platinum and process started 6-22-17

CC arrived 7-1-17 so like 1week 3days

still no check lol but going off of US bank process it should arrive Mon. or Weds.

Update:7/7/17

Check cut 6/26 from US Bank arrived Weds 7/5 jus as predicted.

THKS to those that are following!!!!! If you have Secured CC data please post it here THKS

*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*

UPDATE: 10-12-16

1.Banks Name: US bank

2.Secured amount: $5000.oo

3.How old is card: 1yr. 6mo.

4.Unsecure attempt: After 13Mo., then @18mo.

5.Graduation Time frame: 18mo.

6.Any CLI after graduation: 4 days after graduation, CLI +$8000.oo

7.Any unsecured PC: Yes,after graduation.

Place any notes here about unsecuring process:

After 13Mo. Ask if I qualify,to have card unsecured. The CSR replied no, have not tried again.

4.Unsecure attempt: After 13Mo., then @18mo.

NOTES: For line 4

(MY card did not unsecure on its own. I spoke to rep. and asked if it can be done. She told me it looks like you should unsecure no problem and CPU,is not asking for CR to be run.) {thought that last part was strange} also 2 reps said NO HP...dont believe it I got HP TWICE!!!

6.Any CLI after graduation: 4 days after graduation, CLI +$8000.oo

NOTES: For line 6

(For CLI after graduation, Call USbankcorp. UW dpt. I did and got a very nice rep. and I was polite in return,request that they use same HP.)

{LINE 6. DATA- UW. said, "If we stay between $5000.oo - $10,000.oo we should be able to use same HP."}

7.Any unsecured PC: Yes,after graduation.

NOTES: For line 7

(Ok, so right when you see card unsecure, call back or wait til you receive Plat. unsecured CC.I called a CSR soon as I saw card was going unsecured. And jus state to rep. "I was jus calling to see if there are any upgrades or new products available for my acc. In my case rep. said, yes cash+)

NOTES: MORE DATA 10/15/16

(Check cutting, USbankcorp started the securing process 10-4, cut check 10-6, post mark 10-10, arrived 10-14. Took 8 working days to arrive.)

Example letter for requesting a secure credit limit increase below: This letter is good for USbank and Elan.... possible other banks to.

Increase is in increments of $100, also $300 is min. and $5000 is max. They will only except money order or cashier check.

*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*

name

123 w US st

Los Angeles, CA 98765

(123)321-1234

uremail@yahoo.com

15th October 2016

US bank

Cardmember Services, Secured Processing

PO BOX 5555

FARGO, ND 55555-5555

This is a request for a credit line increase:

**PLEASE,USE SOFT PULL CREDIT REPORT**

ACC# **** **** **** ****
name
address
Annual Income: $0
Rent or Own: NONE
Monthly housing: $0
Increase amount: $0

Sincerely,

your name

*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*=*=*+*

This letter will help with BOOSTING your secured amount to $5000.oo which will automatically qualifies you for a Visa signature.

Tip: Open acc. with $2500.oo then at end of month 5, add another $2500.oo

Really hopes this help someone!!

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Fri, 15 Jul 2016 16:31:36 GMT

If they don't do it on their own and you request it it will be a hard pull. Watch because they might just send you a different product and say that's what you qualify for

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Fri, 15 Jul 2016 18:57:28 GMT

1.Banks Name: US bank

2.Secured amount: $5000.oo

3.How old is card:1yr. 3mo.

4.Unsecure attempt:After 13Mo.

5.Graduation Time frame:NA

6.Any CLI after gradaution:NA

Place any notes here about unsecuring process:

After 13Mo. Ask if I qualify,to have card unsecured. The CSR replied no, have not tried again.

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Fri, 15 Jul 2016 22:06:17 GMT

1.Banks Name: US bank

2.Secured amount: $1000.00

3.How old is card:1yr. 6 mo.

4.Unsecure attempt: Still waiting

5.Graduation Time frame:NA

6.Any CLI after gradaution:NA

Place any notes here about unsecuring process:

I opened a US Bank (1K), Wells Fargo (1K), and USAA (1K) secured card in Jan 2015. At the time, I hadn't used any credit in almost 8 year's, so my scores were all high 500's, low 600's. I also took out a personal secured loan from Wells Fargo for 3K over 12 Month's (which I've since PIF). In the past 18 month's, I've been approved for every CC I've appd, including Chase, Citi, Amex, Disc, SDFCU, Cap One, and FNBO all with CL's between 5K - 20K with most around 10K. Wells Fargo sent me a letter after 12 month's stating they were switching me to an unsecured Visa with a 2500. CL and returning my 1K deposit. I was also approved for a second card with them, the Amex Propel (3k). My FICO 8 scores are all between 720 - 780 w/20% UTI. My US Bank and USAA cards is still secured. While I know USAA doesn't graduate, I was hoping my US Bank would've by now. I'm going to close it out by year's end if they don't graduate me to an unsecured product. I've used the card every month, putting approx 50.00 on it and paying it off in full.

Re: US bank secured card data;an non- USbank secured CC

RonM21 — Fri, 15 Jul 2016 23:13:45 GMT

From the looks of the cards in your siggy, it seems you've made progress to the point where you don't need the secured cards. I wouldn't sweat it too much, if your profile is in good shape. If it were me, I might be more tempted to just close it, when I read about others experiences with them. This, assuming you can't get something worked out.

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Fri, 15 Jul 2016 23:20:38 GMT

@drewg350@

My WF unsecured the exact same way,wish all secured CC did it like WF...thks a lot for your valued input.

Please update your post with any new details.

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Fri, 15 Jul 2016 23:25:05 GMT

@RM21@

Yea....I kno😃 jus wish I had more info...on US bank secured CC I don't think I would have got it;hoping this post help someone make a better decision than I did.

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Sat, 16 Jul 2016 03:23:02 GMT

I've had my LifeMiles secured since Aug 2014 and I received US Bank Secured Rewards today as they are doing away with LifeMiles...I never called trying to unsecure it..I highly doubt it. They will even HP for a CLI if I rememeber correctly.

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Sat, 16 Jul 2016 03:42:42 GMT

@alphabravo@

THKS for info didn't know they had a rewards SECURED CC....😃

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Sat, 16 Jul 2016 03:46:15 GMT

Also in CA at least US bank gives free checking and Savings acc.'s;to US bank CC holders jus for those who my not know.

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Tue, 13 Sep 2016 00:59:51 GMT

@Anonymous wrote:
1.Banks Name: US bank

2.Secured amount: $5000.oo

3.How old is card:1yr. 3mo.

4.Unsecure attempt:After 13Mo.

5.Graduation Time frame:NA

6.Any CLI after gradaution:NA

Place any notes here about unsecuring process:
After 13Mo. Ask if I qualify,to have card unsecured. The CSR replied no, have not tried again.

UPDATE: I will try again Oct.2016

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Thu, 15 Sep 2016 04:32:59 GMT

1. USBank
2. Secured amount: $1000
3. How long secured: 12 months
4. Unsecured Attempt: 12 monthss
CSR said theyll send me a notice in 5-7 business days regarding If they will graduate or not. If they don't graduate I will just cancel the card. My current scores are Exp: 660, TU: 654,EQ: 667. I will have results by next Monday-Wednesday I will post results here.

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Thu, 15 Sep 2016 05:39:27 GMT

@risinguphopeful@

Thks for your contribution to post...I may follow suit.

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Thu, 15 Sep 2016 05:44:42 GMT

Jus...wish they took notes from other banks...as far as secured CC's go😶

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Thu, 15 Sep 2016 20:00:19 GMT

1.Banks Name: US Bank

2.Secured amount: $300

3.How old is card: 1 Year and 1 Month

4.Unsecure attempt: They wouldn't budge until I hit 12 months.

5.Graduation Time frame:Instant after I hit month 12 and there was a HP on Transunion

6.Any CLI after gradaution: None yet

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Fri, 16 Sep 2016 02:48:48 GMT

@Anonymous wrote:
1.Banks Name: US Bank

2.Secured amount: $300

3.How old is card: 1 Year and 1 Month

4.Unsecure attempt: They wouldn't budge until I hit 12 months.

5.Graduation Time frame:Instant after I hit month 12 and there was a HP on Transunion

6.Any CLI after gradaution: None yet

Thks a lot for input!!!

I was wondering did you keep the same CC# and did you retain credit history on that card? Or did they give you a new product.

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Sat, 17 Sep 2016 17:49:10 GMT

They gave me a new card number but the card is still a US Bank Platinum card and I did retain the history

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Sat, 17 Sep 2016 20:40:53 GMT

Thks for info....I ask because I want to keep my US bank history and I don't want to PC ...well not yet😃

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Wed, 05 Oct 2016 03:42:22 GMT

@Anonymous wrote:
@Anonymous wrote:
1.Banks Name: US bank

2.Secured amount: $5000.oo

3.How old is card:1yr. 3mo.

4.Unsecure attempt:After 13Mo.

5.Graduation Time frame:NA

6.Any CLI after gradaution:NA

Place any notes here about unsecuring process:
After 13Mo. Ask if I qualify,to have card unsecured. The CSR replied no, have not tried again.
UPDATE: I will try again Oct.2016

1.Banks Name: US bank

2.Secured amount: $5000.oo

3.How old is card:1yr. 6mo.

4.Unsecure attempt II :After 18Mo.

5.Graduation Time frame:NA

6.Any CLI after gradaution:NA

Place any notes here about unsecuring process:

UPDATE 10/4/2016

Spoke with CSR yesterday,about unsercuring card. So I asked her does she see any reason why my card wont unsercure at 18mo. and that I never missed a payment. I also added I thought it was strange my card wasnt unsecure already. The rep said well,looking at your acc. you should be able to unsecure;I was like WAAA!;

She then went on to say that also its not promting me to run a CREDIT CHECK ok I thought that was strange cause she said usaully on these type of acc.'s its flagged to run credit. So I took a min. to think about it cause i really didnt want a HP, but I eventually aggreed she then ask me for some info card#,income, update,address,housing etc. she typed it in and said ok your acc. is being sent out for review it will take 7-10 days to see if I qualify . I then asked will this be a HP she said no again also are you jus running me for another CC product she replied no. ok......me being parnoid I called rite back LOL

This time I just asked,what did the last rep. do that took the last call on my acc.,she said she sent out a review form to have your card upgraded to be unsecured. So I asked will this result in HP she said "Did i mention anything about you having your report pulled." I said NO she said cause its not.I asked again is this a app for a new CC product she replied no,and that your acc. being sent out for review to be unsecured,I should hear from them in about 7-10 days ok done.

so nothing yet will update soon with unsecured appr. or denial,and if I recieve a HP ...these are some interesting data points if true....

Re: US bank secured card data;an non- USbank secured CC

Anonymous — Wed, 05 Oct 2016 04:36:54 GMT

Interesting, I'm going to be waiting to see what happens with your graduation. I just got the secured harley card in July. I want to know what I'm in for in 12 to 18 months.

Do your scores need to be at a certain point for them to graduate you or is it just an internal uw thing that they don't share?