I just got a letter from WSB saying that effective June 9, 2000 they are no longer offering a secured Visa card and that I should not use my card after that date. I am saddened by this as I have just had the card over two months and the interest rate was a low 5.9%. Can anyone suggest another secured card (I already have a Capital One Visa) for which I might apply to replace my WSB one? Any info/advice would be much appreciated...
Try First Consumers National Bank, they have no application fees and have a low anual fee. They offer a credit line "up to" 150% of the secured deposit. http://www.fcnb.com
They're rates are REALLY high. I want to pay as low an interest rate as possible. That was what was so great about WSB- 5.9%
Secured Cards Try checking under cardtrack.com or cardsmart.com and maybe you can find one. All the secured cards I've ever found are sub-prime, high-interest cards. There is a price for bad credit unfortunately. But if you find a card that is less (without the high up front fees), I'd appreciate the info.
This truly is a major pity. This card was considered by myself and many others as by far the best as well as being the 2nd easiest (behind those for those with a bankruptcy only such as Net1) to obtain. Combine that with the recent downgrade of surely the best sub-prime unsecured card offered by Orchard Bank (Household Finance has taken over and is now instituting sub-prime ripoff schemes) and things aren't looking too good for sub-primers.
RE: Secured Cards Capitalone's the cheapest i've seen $49 for $400 or $99 for $500 limit secured card. $29/yr fee. high interest. Online payment/statements too.
LETS WRITE/EMAIL WESTERN SECURITY BANK TO ASK THEM TO RECONSIDER THE DECISION OF DISCONTINUING THE CARD. THE MORE PEOPLE WHO SEND LETTERS OF RECONSIDERATION OF THEIR DECISION, MY BE THEY MAY CHANGE THEIR MINDS. ALSO, MIGHT SUGGEST THAT YOU WOULD BE INTERESTED IN THEIR GOING UP ON THE INTEREST RATE TO 9.5. JUST A THOUGHT
PLEASE WRITE/EMAIL WSB AND ASK FOR RECONSIDERATION OF THEIR DECISION. ALSO INFORM THEM THAT AS A CARD HOLDER YOU WOULD AGREE TO A NEW INTEREST RATE OF 9.5 AT MOST.
I think that this is a great idea. I would be willing to pay this as it is still an extremely reasonable rate. Perhaps we can e-mail our messages as time is of the essence. Operations manager is Angela Otey ad her e-mail is aotey@wsbank.com. Thanks!
YES. WE NEED THIS CARD TO REMAIN AVAILABLE. I THINK A 9.5% RATE WOULD BE REASONABLE AND I WOULD AGREE TO IT.
