"Ok, Still Not Unsecured After 1yr And Five Months"
Wells Fargo Secured Visa® Credit Card Review
Written by: nwalker30 on 2015-09-12
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nwalker30's review: 
I applied for this card in april 2014 and was instantly approved. My score at the time was high 500s low 600s. My FICO score now is 659 and I have decent household income. I'm not confident this card will unsecure, but I'm not that concerned about it. (Received my first amex (green) card in July, I'm so happy about that. And I did not have a high score at the time).
ps. I haven't been on here since 2008 so I'm catching up my activity
I applied for this card in april 2014 and was instantly approved. My score at the time was high 500s low 600s. My FICO score now is 659 and I have decent household income. I'm not confident this card will unsecure, but I'm not that concerned about it. (Received my first amex (green) card in July, I'm so happy about that. And I did not have a high score at the time).ps. I haven't been on here since 2008 so I'm catching up my activity
3 Comments
Comment 1 by wanderer
Re: Ok, Still Not Unsecured After 1yr And Five Months 
on 2015-09-14
In reading on this card ... often times people found it took longer than one year to graduate. For myself, I had $5,000 tied into the secured card and after two years closed it and got my money back. Some people have applied for unsecured Wells Fargo Cards. Do not have any insight into their credit profile requirements. Other credit providers may seen your performance at the credit bureaus and approve you for unsecured cards. Food for thought. Your FICO Scores may need a little more growth too.
on 2015-09-14 In reading on this card ... often times people found it took longer than one year to graduate. For myself, I had $5,000 tied into the secured card and after two years closed it and got my money back. Some people have applied for unsecured Wells Fargo Cards. Do not have any insight into their credit profile requirements. Other credit providers may seen your performance at the credit bureaus and approve you for unsecured cards. Food for thought. Your FICO Scores may need a little more growth too.
Comment 2 by derekjenkinson
Re: Ok, Still Not Unsecured After 1yr And Five Months on 2015-09-22
I can tell you I have had my Wells Fargo Secured card for over 3 years and it is still not unsecured. I currently have a $3,000 credit line and scores in the mid 600's and they still denied my request to upgrade to another card, when I called to ask about upgrading I was informed by the credit analyst that I needed at least a 660 to qualify for an upgrade and try again once I reach that level.
on 2015-09-22 I can tell you I have had my Wells Fargo Secured card for over 3 years and it is still not unsecured. I currently have a $3,000 credit line and scores in the mid 600's and they still denied my request to upgrade to another card, when I called to ask about upgrading I was informed by the credit analyst that I needed at least a 660 to qualify for an upgrade and try again once I reach that level.
Comment 3 by 2darnbroke
Re: Ok, Still Not Unsecured After 1yr And Five Months on 2016-01-05
Every secured card I've ever been offered had a clear plan for progressing to unsecured within a year. You might want to check your original agreement and see what it says. If it's open-ended, maybe you should investigate a different secured card as this one doesn't appear to be helping your credit.
on 2016-01-05 Every secured card I've ever been offered had a clear plan for progressing to unsecured within a year. You might want to check your original agreement and see what it says. If it's open-ended, maybe you should investigate a different secured card as this one doesn't appear to be helping your credit.
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Disclaimer: This content is not provided by Wells Fargo. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Wells Fargo. Review content is powered by Finance Globe.
