So I logged into my account this morning and you were correct, my security deposit was back in my savings account and the card has been unsecured.
So I guess my next question is, what led to them unsecuring the card after only a few months? I thought you had to have the card in good standing for a year before they would think about unsecuring it. Is it worth it for me to try again for a CLI on recon? I'm just looking for like a 4 or 5K bump on the other card and they already extended me another 1500.
Also, can I PC this nRewards to a Cash Rewards? I'd probably use this card again if it were a Cash Rewards. Thanks
@Creditaddict wrote:
@DEcreditguy wrote:So I logged into my account this morning and you were correct, my security deposit was back in my savings account and the card has been unsecured.
So I guess my next question is, what led to them unsecuring the card after only a few months? I thought you had to have the card in good standing for a year before they would think about unsecuring it. Is it worth it for me to try again for a CLI on recon? I'm just looking for like a 4 or 5K bump on the other card and they already extended me another 1500.
Also, can I PC this nRewards to a Cash Rewards? I'd probably use this card again if it were a Cash Rewards. Thanks
MANY people have reported being able to get a CLI on a card right after unsecure.
It's the weekend, I would click on CLI and "max" and see if you get instant counter... if it goes to review... call in and cancel and do PC at same time!
Man, I love this place. Just did exactly as suggested above and my nRewards card, which was just unsecured two days ago, got an automated CLI to 17,500!
My story kinda goes like this...
I signed up in May 2016. When signing up I applied for a consolidation loan and a line of credit. All my accounts were maxed out which was about 10k and I had an auto loan for 10k that was only 3 months old. I was denied for both
After 2 months of heavy deposits I reapplied for the line of credit and was given $500. I didnt even think about applying for a credit card with my utilization still sky high. So for the past 4 months i used 100% of the line of credit and paid it in full every statement cut. I also paid off 3 of 4 of my credit cards bringing my debt ratio down to 39% (only one maxed card).
Last week I pulled the trigger on an increase on the line of credit and was granted 15k. 
I was and still am ecstatic...Kind of wondering how I got stuck at 17.9 on the interest rate when all I have is one charge off over a year ago for $239.
As surprised as I was, I went on and applied for an auto refi and a credit card. Both were approved. But the interest rate on the auto loan was higher then what im currently paying. I currently pay 9.4% and they want 13%
My Signature Flagship credit card was given an 8000 limit but with an 18% interest rate. Still better then any card I have but im jus wondering....is my credit that bad?
My main question would be, With each credit limit increase are you elgible for a better interest rate or just a higher limit on the card?
Is 15k the max on the Line of Credit and is the interest rate also part of applying for an increase. Is the interest re-evaluated with the credit amount for each inquiry?
