@blessed1811 wrote:
Another question that I have is do I need more than one secure credit card to rebuild credit.
Thanks in advance for all of your support and knowledge.
Blessed
Others who have experience with secured card credit rebuilding have and will address your question about "need more than one secure card".
I would like to address the bigger picture or longer term strategy for building high FICO scores. More importantly, building net worth is more important than just increasing credit worthiness.
Most would agree that it is easier to build credit if one is not broke. Not having to borrow money for emergencies and not paying interest allows more money to be saved. Lenders like to see customers with savings. I say "Show them the money"! If you have savings that you don't need for emergencies, why not have one or two more secured credit cards? It can't hurt the banks' evaluation of your financial picture. In fact larger deposits which secure larger credit limits won't hurt either (in the long run). You might even have some tradelines unsecured sooner by getting more than one secured credit card.
You might try waiting two or three months before getting a second secured card. After two more months you might add another. Wells Fargo will see the new tradelines periodically added to your credit history and might think you have been accepting "unsecured" offers based on your original secured card. The original bank might as a result treat you much better than it might have otherwise. Just don't tell any of the banks that the other accounts are secured. 
From day one in building my credit, I focused on getting the banks to compete for my business. If you want to do likewise, more than one secured card would definitely be a good start.
