topic Re: Canceled My Cap 1 Secured Card. Making Progress!!! in Credit Cards

Canceled My Cap 1 Secured Card. Making Progress!!!

masscredit — Wed, 03 Oct 2012 17:47:47 GMT

I canceled my Cap 1 secured card today. It's something simple but it feels good! The card wasn't going to grow without me adding money to it and with my credit score improving and offers / approvals coming in, it has served it's purpose! This was the first card that I received (9/10) after my BK was complete (2/10). Started with a $200.00 limit and then they added an unsecured $100.00 to that later. It's another wall up between me and my credit/life slump when the economy took a dive a few years ago.

The girl that I talked to was VERY nice. Helpful, very friendly and non-Peggy like. I wish all CSRs were like her!

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Shogun — Wed, 03 Oct 2012 17:51:45 GMT

Glad to hear you're graduating on to bigger and better things.

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Anonymous — Wed, 03 Oct 2012 18:52:54 GMT

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Anonymous — Wed, 03 Oct 2012 19:15:03 GMT

Congratulations. It feels wonderful to reach a point where you're able to move past a difficult period in life. Forward progress is always a good thing. Keep up the good work, and best wishes on your continuing credit journey.

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Raiders1 — Wed, 10 Oct 2012 22:16:49 GMT

Did they say how long it's going to take to get your money back? I want to give myself a CLI for a couple months, so I can apply for a better card, then cancel my secured card.

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Anonymous — Wed, 10 Oct 2012 22:32:31 GMT

Congrats

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

shakalaka — Wed, 10 Oct 2012 22:54:34 GMT

Cancelled mine also today, feels good.

They asked me to stay with unsecured. I told them, I have one ... SD

Congrats

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

masscredit — Wed, 10 Oct 2012 23:32:24 GMT

I had a $300.00 limit. $200.00 of that was secured and the balance was $292. I made a $92.00 payment and told them to apply the $200. that I sent in when I opened the account to the balance and that would take care of it. It was as of Monday.

I know interest rates aren't that great right now but it would be nice to draw some interest on $ that you deposit in a secured account.

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

toppers555 — Thu, 11 Oct 2012 04:17:07 GMT

congrates. I know I can't wait to jan when I close mine. I have been at max 3k for years, and never a late payment. social team ,and BBB complaint no help, all they gave me was a free 100 bucks...they changed the rules of possible card graduration after i accepted card , which has me pissed off.

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Anonymous — Thu, 11 Oct 2012 06:00:54 GMT

Congrats on the cancelation.

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

maiden_girl — Thu, 11 Oct 2012 06:09:01 GMT

Yay! Congrats!

How long did they say before your deposit is returned?

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

migliogiorni — Thu, 11 Oct 2012 06:16:11 GMT

Glad to see you've moved on from Cap One feels good to finally let go.

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Anonymous — Thu, 11 Oct 2012 06:50:59 GMT

No matter the title of the card, if it says Crap1. Ditch the card and find one with worthwhile rewards and customer service.

Re: Canceled My Cap 1 Secured Card. Making Progress!!!

Anonymous — Thu, 11 Oct 2012 06:52:15 GMT

You are well on your way to establishing good relationships with other banks. Way to go!