secured credit card

[Anonymous]

I currently have capital one.. What other credit card companies are out there? Where can I sign up thanks

[Anonymous]

Tell us a little more about yourself.  Are you building new file or are you rocking a derogatories.  FICO score etc.  How much are you looking to deposit.

[Anonymous]

Just off the top of my head:

-Applied Bank

-Progress Bank

-NFCU (if you're eligible to join)

-BoA

-Wells Fargo

[Anonymous]

Wells and BofA with derogatory information will likely result in rejection even for secured card.  BofA especially is more of a secured builder card than rebuilder.  Thats why I was asking for more detailed info.

[Anonymous]

Three of my cc went to collection. I paid all three of them off. I'm in the process to see if they removed it out of my credit history. I have one cc capital one secured card. I had it for a year. I haven't notice much of a credit score jump. Credit karma says its at 575. usaa says 555.

[Anonymous]

Netsfan, I would go with a couple of CUs.  First off, see if you local CUs have secured cards.  2nd, I like the SDFCU (state department, not san diego) secured card.  I hear you can go up to 100k for that card.  I think if you apply over the phone for the card, they don't even pull your credit report.  3 revolving lines to max your fico gain over time.  Also, might be worth buying myfico EQ fico score to get real idea where your score is at.

[dude11]

I wouldn't rule out Bank of America completely. I burned them before on two of there cards which one was sold to a CA and I paid a settlement with them. The other was sent to collections which I paid in full. This happened not too long ago and I was approved for a secured card from them this Jan. However, YMMV. Won't really know unless you apply. 

[Anonymous]

The BofA secured card is pretty good about graduating.  But not sure if potentially wasted inquiry is worth it.

[dude11]

You could give US Bank a try.

[Revelate]

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@Anonymous wrote:

The BofA secured card is pretty good about graduating.  But not sure if potentially wasted inquiry is worth it.

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People applying for secured cards are in the figurative basement anyway.  Inquiry penalties here are:

1) Less than for those with high FICO's

2) Inquiries are not scaled lineary, 1 vs. 2 inquiries is zero change as an example

3) They fade in a yaar anyway, and people needing secured cards (me for example) are going to be on a 2-3 year journey anyway.

BOFA is one of the best secured products out there, the only one which might be better is NFCU and I'm not sold on that.  As a result, I think it's worthwhile to spend the inquiry there, I've been approved for it with a ridiculous tax lien, a prior BOFA card which they closed on me for 30/60 day lates, and an unpaid collection on my report.