forrestst wrote:Well first, my bank doesn't offer credit cards. When I asked them, several people there said my debit card worked just as well and I didn't need a credit card. My mom has a Wells Fargo Visa card and she wanted me to get a card from them, but Wells Fargo told me I need to open a bank account before I can apply for a credit card and I didn't want another bank account. That's when I went to FNBO and ended up getting a secured card from them. It says on their website that I may qualify for a higher credit limit without an additional deposit after 7 months, but that hasn't happened. So I don't believe anything I've been told, they even said I can automatically get my deposit back after just 11 months, but I'm thinking they'll just keep my money until I cancel my card.
I felt like I made a mistake when I applied for the Crap 1 Platinum card, in fact, when I received my card with my $300 limit, I just wanted to send the card back and tell them to keep it. The reason I applied for the card was because I anticipated cancelling my FNBO card to get my money back but the Platinum card just doesn't excite me, Maybe if I cancel the Platinum card now, then I only have one card (FNBO) and I could apply for the QuickSilver One card then after 12 to 13 months, if I haven't heard from FNBO, I'll cancel the card and get my money back.
I think you need a new bank if they're telling you a debit card works "just as well" as a credit card. While they both have a Visa or MasterCard logo on them, debit cards are only 1/10th as similar as a credit card. If a BANK is telling YOU what is best for you, it is time to dump them for someone else. I know what's best for myself and if I were you, I wouldn't want to do business with a company who thinks they know more about my own life than I do.
If Bank of America or my credit union ever said that to me, I'd be with a new bank in two weeks.