I just received my secured Optima last month. I had no knowledge that they didn't report their card until I started reading all the credit message boards. I was sick! All that waiting I did (from 7/28 to 8/30) was a complete waste. I've charded a little on it and have a balance of $113 (including the annual fee of $25). But since my boyfriend added me to his Am/Ex Gold account, I don't need this card anymore. I'm going to close it here pretty soon and get my $200 back. I also applied for the Capital One secured for $200 and the Washington Mutual secured (via Associates Bank) for $300 but I think I'm going to dump Washington Mutual also. I just found out that they report their cards as secured but Capital One doesn't. I was going to take the $500 total (from Am/Ex and WM) and get a Chase Secured Mastercard but I'm not sure how they report? Besides, I think I'm doing fine with what I've got going. I'll probably just keep the money. Capital One and Providian (which I already have) seems like enough to help rebuild my credit...along with the other cards that I have.