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Closing Secured CAP1 - Deposit Return?

Regular Contributor

Re: Closing Secured CAP1 - Deposit Return?

texaspete2012 wrote:

5 days for me...I had a zero balance before I closed

Wow that was really fast.

Was it a significant amount ?

Just curious if they pay out smaller amounts quickly as opposed to taking their time with significant amounts.



Amex Zync NPSL 9/12, Amex CostcoTrue Earnings $10K 9/12
Amex BCE $3K 9/12 (Amex Back Dated to 1983)
Chase Sapphire Preferred $17K 11/12, Chase Freedom $7K 11/12
Discover More $750 11/12
CapitalOne Platinum Secured Card 2K 2/12 (Closed 12/12)
FICO: EQ = 804 EX = 802(Amex) TU = 801(Discover)
Message 11 of 13
Established Member

Re: Closing Secured CAP1 - Deposit Return?


Amex Gold (NSL) 9/12
Chase Freedom (2200) 5/12
Citi Thank You Pref. (7000) 4/12
USAA AMEX (4000) 11/12
BOA VISA SIG CASH (5000) 12/12
Amex Gold Small Biz (NSL) 11/12
Message 12 of 13
New Contributor

Re: Closing Secured CAP1 - Deposit Return?

I called CAP1 to inquire about whether I had to have a zero balance before closing a secured card. The computer asked what I was calling in regards too so it may better direct my call, when I responded with closing my account it then abruptly responded with "okay your account is now closed"....well played computer!!!


Because I had a remaining balance on the card it took aprox 2 months before I received the check for the difference.

Message 13 of 13