Now the common, prevailing thought is that having a secured card reported as secured to the credit bureaus is bad. Thats why all these banks go out of their way to state in their disclaimers that this card will be reported as unsecured. Thats why people avoid institutions such as Wells Fargo which reports their card as secured. Does it truly make a difference, does the need to have it reported unsecured have any place in this age of scoring and decision matrixes that are seen fewer and fewer times by a 'real person' totally antiquated and should be discarded. I welcome your thoughts.