Graduating a WaMu Secured card.

[Not_the_Point]

I got a WaMu secured about in August of last year.

It was my very first card, so I have a short credit history, but I put in $500 into the account for starters and have gradually brought it up to $1000 secured by depositing more money into the secured account.

I was thinking of calling them to have them graduate the account to a non-secured card and return to me my $1000 deposit, but I'm not sure if I've waited long enough or not to do that. My credit scores are pretty good now and I've opened another Secured account with Bank of America (they turned down my request for a non-secured card) with a $500 limit and also Sears with $1400 limit.

What's your experience with graduating from a Secured to a Non-Secured WaMu card? I'm especially interested if you have a short credit history like me

Message Edited by Not_the_Point on 05-18-2008 12:27 PM

[creditreformer]

how'd you get the wamu secured cc?  can't find it on their website.  usually most banks (like ba, usbank) won't graduate you until you have 9-12 months in 'secured' status w/them.  some (like citi) want 18 mos. (but may graduate earlier).

Message Edited by creditreformer on 05-18-2008 02:26 PM

[Anonymous]

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creditreformer wrote:

how'd you get the wamu secured cc?  can't find it on their website.  usually most banks (like ba, usbank) won't graduate you until you have 9-12 months in 'secured' status w/them.  some (like citi) want 18 mos. (but may graduate earlier).

Message Edited by creditreformer on 05-18-2008 02:26 PM

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You can only open a secured cc at a branch, I believe is what the  paper work said in my denial letter last year. There are no local branches to me.

Sorry OP, I don't know how this card works. I would call and see if you can get a CSR that could let you know how their policies are. Worst they can do is say no.