Wells Fargo secured credit card graduation?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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charliebravo
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Wells Fargo secured credit card graduation?

Postby charliebravo » Mon Apr 23, 2012 1:53 pm

I've had my Wells Fargo secured card for a year now and it's April, that means graduation. Just checked my Experian sscore which is 702, and I have a store card with a $3,800 credit limit.

So how much do you think my new Wells Fargo unsecured card's credit limit will be?


newbiecredit
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wf secured cc

Postby newbiecredit » Mon May 14, 2012 12:31 am

I've had this card for almost a year now (11 mos to be exact), i was just wondering when can i graduate and have my deposit back? I've been approved by Wells Fargo too for an unsecured cc last December.. when do they usually upgrade it to a regular credit card? a year? They increased my limit like 2 months ago.

CC Deville
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Postby CC Deville » Mon May 14, 2012 3:26 pm

I have heard that Wells Fargo reviews secured accunts for graduation in April and October.

I have heard a lot of times that the unsecured credit line will be the same as the secured credit line. I have also seen people report that they had a $300 secured limit and after graduation Wells Fargo upped it to $1,000.

Basically, I wouldn't expect a huge increase when it becomes unsecured.

newbiecredit
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Postby newbiecredit » Tue May 15, 2012 12:33 am

ill be 1 year next month.. hoping that they'll give my deposit back.. i already have an unsecured one which was applied unintentionally.. i went to a branch and just asked when will i be graduating from my secured,but the banker made a new application which i wasnt aware of. well, i think it was good too coz i found out i was approved a regular cc with a 2,800 CL... my secured one only had a 300 CL but last month they increased me into 500. so im hoping ang praying that ill be out of the secured next month since it'll be a year already..

newbiecredit
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Postby newbiecredit » Thu May 31, 2012 10:36 pm

ok, im almost a year with my secured wells fargo cc and i got a letter from them saying that my annual fee from unsecured cc will be due in july to continue the cc that i have. i always thought that after a yr of being with them, i will be automatically graduating from secured to unsecured after 1 year. i have an unsecured cc from them too with 2,700 limit. im just so eager to graduate from secured so i can get my deposit back. but seems like they are prolonging it and still letting me pay 18 annual fee... i called the number on the letter and the representative wouldnt know when im eligible not unless i do an application. i did that the last time when i walked into a branch. thats how i got my unsecured one. but im saving any inquiry coz im thinking of getting a car end of this year.

anybody know how much longer should i wait? i dont mind paying the 18 fee if its saving me an inquiry. if i dont pay it and close it , its gonna lower my credit score. i always thought 1 year is the usual time.. sigh!



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