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

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

Apply Here 3.4
Average Score:
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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: 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: 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.