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APPROVED Capital One Secured

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19eighty5
Senior Contributor

Re: APPROVED Capital One Secured

Congratulations!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Sept 2022):EX- 706, TU- 685, EQ- 684
What's in my wallet:


Message 11 of 15
soxfaininfl
Frequent Contributor

Re: APPROVED Capital One Secured


@Anonymous wrote:

@Anonymous wrote:
Thanks and I just want to establish myself a little bit while rebuilding long term.

What are your scores?  What are the negatives on your reports?

 

The point was, once you are able to enter into the unsecured card arena, there is typically little sense in going back into the secured card arena (especially a CapOne secured card) when your goal is rebuilding and growing. 


Secured cards are also good too if your trying to get back with a particular lender that you've burned in the past by a BK or a CO like Citi, Discover, Wells Fargo and Bank of America. 









Message 12 of 15
Brian_Earl_Spilner
Credit Mentor

Re: APPROVED Capital One Secured


@randomguy1 wrote:

Congrats. Not sure why you went with a secured card either. BTW, you can only have two consumer cards with Capital One, so don't bother with another app unless you close a card.


You can have 2 sub-prime accounts and 5 prime accounts.

    
Message 13 of 15
randomguy1
Valued Contributor

Re: APPROVED Capital One Secured

^thanks I'll edit my reply. 

Message 14 of 15
Anonymous
Not applicable

Re: APPROVED Capital One Secured

Congrats on your approval!

Message 15 of 15
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