Look for a bank that will
upgrade you to an unsecured card after 6 - 12 months of good behavior, it's called a graduation option;
Second, it offers an automatic
upgrade to an unsecured card after 12 months of on - time payments.
The U.S. Bank Secured Visa Card is our favorite credit card for students who want to build their credit because it reports to all three credit bureau and automatically
upgrades you to an unsecured card after 12 months of responsible use.
Not exact matches
After a few months, ask if your secured
card can be «
upgraded»
to an
unsecured card.
They require a security deposit that you get back
after closing the account or
upgrading to a regular,
unsecured card.
Discover will review your account
after eight months
to see if you are eligible
to have your deposit refunded and
upgraded to an
unsecured cards.
The Discover it secured
card requires a minimum security deposit of $ 200, but Discover evaluates your spending habits
after eight months
to see if you're eligible
to upgrade to an
unsecured card.
While there is no opportunity
to upgrade your account, the zero annual fee makes it worthwhile
to hold onto the
card even
after qualifying for an
unsecured credit
card to help build your credit history
After you've shown you can manage credit responsibly, the
card issuer may
upgrade you
to an
unsecured card and return your deposit.
Later,
after seeing your responsible use of credit, some lenders may
upgrade your
card to an
unsecured one (return your deposit) or increase your credit limit without asking for additional deposit.
After eight months, Discover automatically evaluates your account for possible
upgrade to an
unsecured card.
After six or twelve months of having the secured
card, many lenders will let you
upgrade to an
unsecured card.
Some secured
cards enable the borrower
to upgrade to a standard
unsecured account
after a set length of time (such as 12
to 18 months) of responsible borrowing, so compare features on your secured
card to see if that's a possibility.
Most secured
card issuers will reevaluate your credit
after 12
to 18 months, and may refund your deposit and
upgrade your secured
card to an
unsecured card automatically if your credit has improved.
Another factor that makes secured business credit
cards a good way
to build business credit is that you may be able
to upgrade your secured
card to an
unsecured card after responsible use over time.
Handle your account responsibly, and you might be able
to move up
to an
unsecured card: Discover begins reviewing your account for a possible
upgrade after eight months.