Credit Score: 557 Credit Limit: 500 Age: 35-44

Posted 01/10 2017

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

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.