Wells Fargo Secured Visa
Consumer Reviews, Credit Score and Income Needed, Credit Limits

Picture of Wells Fargo Secured Visa®
14 Reviews
Consumer Rating:

Apply Here 3.4
Average Score:
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Credit Score: 540 Credit Limit: 500 Age: 35-44
Income On Application: $31000
Posted 02/20 2020
Overall Rating:
I used mime for 7 month responsibly and I didn't get an upgrade. Lo and behold I found I'm ok for an unsecured from another group.
Credit Score: 742 Credit Limit: 300 Age: 25-34
Income On Application: $100
Posted 07/13 2018
Overall Rating:
It's been almost 2 years, still haven't been upgraded. Called multiple times with no success. My overall credit limits are around 30k, working in IT, paying on time and in full every month. It feels like Wells Fargo just targeting asylum seekers and probably some other unprotected groups, as I've heard same stories from people in similar situations.
Credit Score: 603 Credit Limit: 1000 Age: 25-34
Posted 01/16 2018
Overall Rating:
I cam to the US on a working Visa and opened a bank account with Wells Fargo. I applied for their secured credit card to build a credit history and put $1000 down as a deposit. After 1 year, I got a notification that I had graduated to an unsecured credit card. I now have Amex and Chase credit cards as well. I am still on a working Visa and in the process of waiting for my green card. I recommend this card to those who want to build a credit history.
Credit Score: 490 Credit Limit: 500 Age: 35-44
Approved 5 months after Bankruptcy
Income On Application: $70000
Posted 11/02 2017
Overall Rating:
Wells Fargo was the first card I got after my BK. I deposited $500 and got a $500 limit. I also opened a checking account with them. As I was trying to rebuild my credit as fast as possible, I made sure I made in full and on time and used only 10% of the available credit (ie $50 a month max charge on the card). I also made it point of increasing my credit limit by depositing more money. After 12 months I had $5000 deposited and a $5000 limit. After 15 months, I was informed by Wells that the card had graduated and is becoming an unsecured card with the same $5000 limit. My deposit was returned into my checking account. My score has also increased to about 680.
Credit Score: 570 Credit Limit: 300 Age: 25-34
Posted 10/19 2017
Overall Rating:
I called Wells Fargo before I applied for this card. I was told that if I paid on time, I could be eligible for a graduation to an unsecured credit card as earlier as 6 months. I got the card and deposited $300. After 6 months, nothing happened. I called CSR and was told to "be patient". Well, it's been a year and still nothing. Meanwhile, my scores have improved and I already have 2 other unsecured cards with $3000 and $5000 limits and I even had a CLI on one of them. I'll give Wells 3 more months and if nothing happens, I am cancelling the card.
Credit Score: 580 Credit Limit: 500 Age: 45-54
Posted 08/22 2017
Overall Rating:
I have been a Wells customer for over 15 years. My credit took a hit and I decided to rebuild with their secured credit card. I made sure I paid my bills on time as well. After a year with the card, I still did not graduated. However, my scores have improved and I managed to get a Citi and Discover card. 18 months in and I still have not graduated. I'll give it another few months and will cancel before the 2 year mark is up if I still have not graduated to an unsecured credit card.
Credit Score: 503 Credit Limit: 1000 Age: 25-34
Posted 05/04 2017
Overall Rating:
I started with this card when I had no credit history and deposited $1000. I have always paid on time and in full and after two and a half years, I finally graduated to an unsecured card. I was told the deposit will be refunded within 30 days. With the 2 years, my credit score has gone from 503 to 695. I have also gotten 3 unsecured credit cards with decent limits. I also got a car loan and a $220,000 mortgage. It seems like Wells takes forever to graduate you and looking from some of the comments, 6 months or even one year is a pretty short time to graduate for Wells from my experience. You have to be patient with them but it is worth it.
Credit Score: 560 Credit Limit: 300 Age: 25-34
Posted 04/17 2017
Overall Rating:
I applied for this card to rebuild my credit. I decided on a $300 deposit and limit. Most of the time, I paid in full. On occasions, I carried a balance. I was over the limit once and late for payment for a couple of days. Having said all that, I graduated to an unsecured card after a year and a half. I've read about quick and slow graduations and even no graduations so to be honest, I do not know how does Wells work. But it has worked out for me.
Credit Score: 557 Credit Limit: 500 Age: 35-44
Posted 01/10 2017
Overall Rating:
My husband and I were rebuilding our credit at the same time. I got the Wells Fargo secured and he got the Capital One secured. We both have been paying our bills in full and on time. 15 months later, I still had not graduated. I called customer service and was told to wait for 3 months. 3 months later nothing happened. This time, the rep explained that I need to get approved for an unsecured card before I can graduated. I do not believe her because from what I have read here and elsewhere, I know this is not true. In the meantime, I have gotten 3 unsecured cards with Chase, Citi and Discover (all with decent limits). I then decided to cancel the card.

My husband on the other hand had a much better experience with Capital One. He had to deposit $99 but got a $200 limit. 6 months later, his limit was bumped up to $500. After 13 months, he was graduated to an unsecured "platinum" card. Stay clear of Wells. Capital One is much better.
Credit Score: 535 Credit Limit: 400 Age: 25-34
Posted 09/26 2016
Overall Rating:
This has to be one of the worse secured card from a bank. I have had this card for two years. Paid on time always. Use only 20% of my limit. I still have not graduated and yet was told that I just have to be patient! In the meantime, I already have applied and was approved for a couple of unsecured cards.
Credit Score: 529 Credit Limit: 1500 Age: 35-44
Posted 07/13 2016
Overall Rating:
I got approved for this card and deposited $1500 so that my credit report will report a "decent" credit line. I made sure that I only used 10% to 15% of the limit and paid it off in full every month. Six months later, I was informed that the card would graduate and my deposit was refunded.
Credit Score: 560 Credit Limit: 300 Age: 35-44
Posted 03/21 2016
Overall Rating:
I had a checking account with Wells Fargo and was encouraged by the bank officer to get a secured credit card to help build my credit. They said that if I paid on time and manage the card well, there is a good chance that I can be upgraded to an unsecured card. It's been three years and I still have not been upgraded. I have even called customer service but no luck. I have always paid on time so I do not understand why I still have this card.

In the meantime, other banks are approving me with limits of $5000 to $10000!
Credit Score: 580 Credit Limit: 500 Age: 25-34
Posted 11/23 2015
Overall Rating:
I got this card when my credit was not so good. I already had a Wells account so I applied and was approved. I deposited $500 from my checking account and got a $500 credit line. I put about $100 of charges on the card a month and paid it off in full. After 2 years, my score has improved to about 690 and I now have an auto loan and about to close on a house.
Credit Score: 605 Credit Limit: 500 Age: 35-44
Posted 09/02 2015
Overall Rating:
There has been lots of complaints about Wells not graduating an account even though one has used it responsibly. What I have found (along with other friends and people who have graduated) is that Wells will graduate you if you have a "relationship" with them. That means having a checking and savings account, auto loan or mortgage and other products. If you have a checking and savings account with them, you are much more likely to graduate from secured to unsecured.

I graduated after just 6 months. Deposited was deposited back into my checking account in 3 days.