Much to my surprise, I received a guaranteed approval mailer from Cap 1 for their secured Platinum MasterCard. Specs: Min balance $200, max $5,000 with a fixed 0% APR. $49 Annual fee. Since I have heard so many bad things about Cap 1, understandably, I have questions. Mainly, do any of you have this card? Does it report as secured? Is it a decent offer as far as secured cards are concerned? Any advice will be appreciated.
My b/f has Cap 1, although I take care of the bills, and we have not had a problem with them. We had one late payment charge cause the bank screwed up and they deleted the late charge fee. However, its not a secured visa.
