I have a secured credit card from Sterling Bank and Trust, Detroit, MI for $5000. That is, a $5000 credit line with a $4000 deposit. My question: Has anyone been successful in requesting a credit line increase or ask that the CC be converted to an unsecured account ? My account is 3.5 years old. Never been late.
Have you applied for other unsecured cards? I ask this because if I had a secured card for 3.5 years, I'd want my deposit back after 18 months. I would close this account, get my $4k back and use my history to get new (better) card accounts.
