Hello everyone,
Yes, you will be upgraded from a Sec Card to an Unsecured after a while. To me it happened exactly after a year of having the card.
I would like to share my experience on the CapOne Plat Sec MC. I applied for a regular card back last year around the begining of the year and was denied. When I was traveling around the end of May, I called home to check on the family and things out, and was told that I had a letter from CapOne. When I got the letter later emailed later that day, it stated that I had only a few days left to reply/call and accept their offer which was that after reviewing my CR they were able to approved me for a $200 CL with a $49 deposit. I decided to give them a chance. 5 months on the dot, my CL went up to $500. This year, on April I received a letter and was approved for a CapOne Venture card with a CL of no less than $12k. Crazy right? Well on May I called to "add" more deposit to my secured card, and found that exactly on that day that I was calling my deposit was returned to my account becase my account was getting and upgrade (graduated). Everything else remained the same. I then waited and read the myFico Forum and learned that I could turn that Platinum MC into a QS card. I contacted them and "No" was the answer I got from the representative , and the CLI didnt went through either with the "Luv" buttton. So I decided to leave it like that, and try later on after 6 months. However, the CLI didnt work as it states that my CL was recently changed (Dec).
But that didnt end up there. While I was checking my current reports today, I noticed an account number on my report that didnt seem right. I called to check and I was told that it was the same as my Venture even though the last 4 were not the same. I decided to ask the very nice lady CSR why I couldnt request a CLI or get my Plat MC changed to a QS and she told me "and who told you, you cant"? I was surprised. I explained her about my previous converstaion with the prev CSR and she said not to worry. She started to read to me some disclosures and told me that my new card will arrived in the mail within 7-10 business days, that my terms and CL and logo will stay the same. When I asked her about that, she said she just upgraded my account to a QS MC card. She explained the rewards and unfortunatelly will not get any sign up bonuses but to enjoy the rewards. So I thank her and right about before she hung up she mentioned "You could have 2 QS you know". That left me wondering but I hung up.
Couple hours later, I decided to call again and requeted to apply for a new card. I went ahead and requested to apply for the QS One. After going through the much harder process (thanks to the CSR, as he was getting the application and if he was typing it online himself for me; which I could just have done it myself), the representative told me if I was ready for my results. I said yes, and he went on to "Congratulate" me on my new approval and the CL of $1K.
So I guess it depends on the CR really. I have other cards too but I still dont understand why a secured card for 200 then got increased to 500, later got approved for a Venture card with 12k and now a QS with just 1K. Crazy right!
