Secured Card

[Anonymous]

I'm wanting to add a Secured Card to my profile. HOWEVER I want to add one that WILL graduate AND grow!

I'm considering these 3:

Citi

BoA

BECU

Any info on those 3 (time frames for graduation, typical limit increases from graduation, etc...)

Plan to only secure about $500, maybe $1,000.

Will opening a Secured Citi or BoA get me in their doors?

[Girlzilla88]

@Anonymous       You could throw Cap1 into the mix as well if you are new new to Credit.     I know Citi can be picky, but I'm not sure on BOA or BECU do you have a relationship with any already?!

[Remedios]

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@Girlzilla88 wrote:

@Anonymous       You could throw Cap1 into the mix as well if you are new new to Credit.     I know Citi can be picky, but I'm not sure on BOA or BECU do you have a relationship with any already?!

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OP said they want card that graduates.

Cap One secured cards don't.  

[Girlzilla88]

@Remedios      I could have sworn my DH card started secured but I could be mistaken.

[Anonymous]

@Girlzilla88 

My profile is as follows:

750's scores.

Less than 1% Utilization.

About 5 Inquiries.

$75k Annual Income (will hit $100k+ in 2021)

1 NFCU $800 Opened 04/2020

1 Discover $2,000 Opened 10/2020

1 Sync/Chevron $300 Opened 03/2020

1 Dell $3,000 (should be $4,500 any day) Opened 03/2020

I am avoiding Cap1.

I have a small savings with BECU ($250) just to be part of them.

I thought Citi would be a great way in their door (could be wrong?).

[Remedios]

@Anonymous  secured card will get you "through the door" but only as far as getting approved for secured card.

Any subsequent application would be evaluated on its own merit.

There are plenty of decent secured cards, you've listed some, there are also Discover (unless you burned them)  and US Bank, both offer secured cards that graduate. 

Plenty of CUs offer them, in addition to unsecured, albeit low limit cards.

If you are in WA state, in addition to BECU, you might want to look into joining Twinstar. If approved, it would be probably $500.00, but good enough to get you started. 

[Remedios]

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@Girlzilla88 wrote:

@Remedios      I could have sworn my DH card started secured but I could be mistaken.

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He could have, if he applied prior to December 2017 or January 2018.

Cannot remember exact date, but Cap One stopped graduating cards mid 2018

[spiritcraft1]

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@Anonymous wrote:

@Girlzilla88 

My profile is as follows:

750's scores.

Less than 1% Utilization.

About 5 Inquiries.

$75k Annual Income (will hit $100k+ in 2021)

1 NFCU $800 Opened 04/2020

1 Discover $2,000 Opened 10/2020

1 Sync/Chevron $300 Opened 03/2020

1 Dell $3,000 (should be $4,500 any day) Opened 03/2020

I am avoiding Cap1.

I have a small savings with BECU ($250) just to be part of them.

I thought Citi would be a great way in their door (could be wrong?).

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Do you not think you could get a straight up approval from BECU?  It would seem that you have a good shot. 

Have you tried for a SP CLI on that NFCU card?

[Girlzilla88]

@Anonymous    I agree with above though you may have a great shot at not only a CLI but a second card with Navy as well but if you do that route then I would ask for the second card first, then go online and request a CLI on your current card for a possible SP on the CLI

[FishingGuy]

I would also consider Discover..... they often graduate in 7 months, and increase the line to $1,500- $2,000, which will grow with use and on- time payments to higher limits.....  then possibly a second card Discover card after awhile as well.

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@Anonymous wrote:

I'm wanting to add a Secured Card to my profile. HOWEVER I want to add one that WILL graduate AND grow!

I'm considering these 3:

Citi

BoA

BECU

Any info on those 3 (time frames for graduation, typical limit increases from graduation, etc...)

Plan to only secure about $500, maybe $1,000.

Will opening a Secured Citi or BoA get me in their doors?

---