I realize this is some struggles one goes through when rebuilding credit, but their return policy is ridiculous. I have two Cap1 Secured cards and was wanting to merge all balances to one card (one is a $200/$200 card and the other is the $49/$200 card) I'm not really wanting to carry around two of the same card so yesterday I called to close the $200/$200 card. I initially asked if they could just take my deposit and internally transfer it to my other card. No policy restricts them... Fine. If I pay my balance in full and you close how soon will I receive my deposit so I can add to the other account? We can take payment close today and once payment clears get a check out to you, just call back tomorrow to start the process. I call back today miraculously their policy is to wait to billing cycles to mail your deposit.
If you have a secured Cap1 which will never unsecure my suggestion would be to pay any bill near the limit call to close and let them use your security deposit to cover the remaining balance. I love how we are expected to pay them with in 30 or less days without being charged astronomical interest, but they can pay us in 60-90 days while paying us punitive interest. On top of the fact I get a rep nearly every time that cannot pronouce my name correctly and get called "Misser" (like the lady from Family Guy) Cap1 is teetering close to Bank of America land for me.
