Credit Score: 590 Credit Limit: 500 Age: 35-44

Posted 02/05 2018

I have a US Bank checking and savings account and was looking at their secured credit card offerings on their website. This one stood out because it does not have any annual fee (unlike the generic US Bank secured visa). So I decided to apply for this. Got the usual have to wait message. After 3 days, I noticed $500 being taken out of my checking account and I assumed that I got approved. Card arrived a week and a half later. As far as my experience with the card goes, it's good so far.

 

Credit Score: 545 Credit Limit: 400 Age: 35-44

Posted 07/18 2017

I happen to own a Harley and when I was researching and looking for a secured credit card to rebuild my credit, I was surprised to find that Harley actually has a secured card issued through US Bank. And that it has no annual fee! I happened to have an account with US Bank and so I decided to apply. I got approved and the card was delivered within 10 days. Funds were actually withdrawn after a couple of days.

Couple of things to take note. US Bank reports as secured. They also said somewhere on their website that they will reviewed your account to see if you could be upgraded to an unsecured card. Well, after thirteen months, I was upgraded to Harley's unsecured credit card. My deposit was returned to the checking soon in a couple of days.

 

Credit Score: 535 Credit Limit: 700 Age: 45-54

Posted 10/22 2016

Lost my job and credit score tanked. In the process of rebuilding, I decided secured credit card is the way to go and I was surprised that HD had a secured card through US Bank. I decided to go for it since I had a Harley and also because there was no annual fee. I deposited $700 since I know that I was going to put about $250 on the card a month and wanted a decent utilization ratio. You don't earn much points spending $250 a month but they add up slowly. I have not graduated yet so we'll see how that goes after a year or so.

 

Credit Score: 578 Credit Limit: 500 Age: 35-44

Posted 05/05 2016

Just wanted to share my experience of how I graduated from the HD secured. I actually went online to the website and asked about graduation. I received the following reply.

"We understand, (me), you are inquiring about how you may upgrade to an unsecured account. We would be happy to assist. When you would like to have your account considered for an upgrade to an unsecured account, please contact our twenty-four-hour Cardmember Service Department at 800-699-2281. A representative would be happy to assist you in submitting your request. If the upgrade request is approved, you will receive your new card within seven to ten business days of the request date. You will also receive a check for the secured deposit, plus any interest, within ten to fourteen business days.

You are a valued cardmember and we appreciate the opportunity to be of assistance. Have a good day. '

I called the number and was on the line for about 10 minutes. Then I got the good news. I had graduated and will get the unsecured card for the same limit. My deposit was returned within a week.

 

Credit Score: 549 Credit Limit: 500 Age: 35-44

Posted 04/26 2015

After doing quite a bit of research, I found out that there are a few cards that had no annual fee. The HD secured, Capital One and Discover. I applied for all three and was approved. My experiences with all have been great, no real big issues. Capital One is the only one out of the bunch that has given me a credit line increase of $300. It has been 10 months and my score has increased about 90 points (TU). Once I reach one year or slightly over that, I expect to graduate. We will see what happens.