Secured Vs. Unsecured?

[Anonymous]

Heyy guys,

Quick question.

I do not have the best credit:

EQ - 469 1/18/15
EQ - 536 9/30/15

TU - 487 1/18/15
TU - 528 9/27/15

EX - 476 1/18/15
EX - 503 10/1/15

And I am looking into getting a new CC. Either the Wells Fargo Secured Card or OpenSky.

Wells Fargo shows up as unsecured on a credit core and the opposite for OpenSky.

I currently only have one other card that's fully in my name. So, which would be better for me and rebuilding my credit?

THANKS!

[Anonymous]

I have a Wells Fargo Secured card and it is listed as "secured" on the credit reports, but the Wells Fargo card does unsecure after a year or so.

[Anonymous]

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@Anonymous wrote:

I have a Wells Fargo Secured card and it is listed as "secured" on the credit reports, but the Wells Fargo card does unsecure after a year or so.

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My Wells Fargo also says secured.  

The only secured I have that doesn't say secured is Navy.  

Wells Fargo will pull Experian.   

I have six secured cards lol.  

[takeshi74]

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@Anonymous wrote:

I currently only have one other card that's fully in my name. So, which would be better for me and rebuilding my credit?

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It's not the card that matters but your management of the card and how that impacts your reports.  You may want to consider secured cards that don't require a credut check.

[Anonymous]

I just recently closed a DCU secured card (Digital Federal Credit Union).  They do not report secured; however, they will pull your credit twice - once for membership and once for the CC.