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Is FCNB secured worth it?

Discussion in 'Credit Talk' started by author_22, Oct 4, 2001.

  1. Oct 4, 2001 #1
    author_22

    author_22 Well-Known Member

    I swore I didn't need another secured card after my Citi success but got an offer from FCNB. I recall hearing good things about them here, should I do it? It says accounts with at least $400 CL are considered for completely unsecured status. Let me know thoughts..I mean, I can use this as another savings account and use it for an unofficial gas card.

    Steph
     
  3. Oct 4, 2001 #2
    Erica

    Erica Well-Known Member

    Steph,

    I applied for this this past weekend and got my approval letter in the mail today. I understand that you can qualify for up to 500% of your initial deposit. They report monthly and as unsecured. So, Whatever you think. I made this move because I needed another card and I don't qualify for unsecured yet. BTW, they checked TU for me and my score from TU is 528 as of 9/24/01. I'm in NY.
     
  4. Oct 4, 2001 #3
    keltexx

    keltexx Well-Known Member

    Erica, what % of your deposit were you approved w/for this card? Thanks.
     
  5. Oct 4, 2001 #4
    river

    river Well-Known Member

    Yes,it will and is worth it. I would recommend it over Crap1 and Providian any day.
     
  6. Oct 4, 2001 #5
    Erica

    Erica Well-Known Member

    Not sure yet. Letter didn't say. I put in $150 so when the card comes in the next few days, I will update the thread.
     

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