How long does it take to go from a secured credit card to unsecured
Some credit card issuers will reevaluate your credit history after a period (usually six months to a year or so) to determine if you qualify for an unsecured product. If so, the account will transition and you’ll get your deposit back. If not, it remains secured, which is where you are now.
How do I unsecure my credit card
First, look into whether your credit card provider offers an unsecured option. Upgrading to an unsecured version of your secured card can be the easiest way to transition into a better credit card, sometimes allowing you to transfer your same account number to the new card. You can also expect to get your deposit back.
Will closing a secured credit card hurt my credit score
Closing a secured credit card has the potential to hurt your score. But that’s not because it’s a secured card. You run the risk of a slight drop in your score when closing any credit card because it can make your credit history seem shorter and reduce the total amount of credit you have available.
Do you ever get your money back from a secured credit card
Reality: The security deposit on your secured credit card is fully refundable — you will get your security deposit money back, so long as you pay your balance in full. With the Discover it® Secured card, you also will get your security deposit back once you “graduate” to an unsecured credit card.