National City secured card - everyone approved

[TooMuchTooFast]

Good news on the National City secured card: Everyone is approved, they report as unsecured to all 3 CRA's, and pull a CR only to verify info. CSR said it can go unsecured as soon as 12 months.

 

Note: Min. deposit is $250; max. is $2,500. Annual fee is $36/year billed @ $3/mo. Purchase APR is 15.24%, Cash Advance APR is 15.8%. Balance Transfer APR is the same as Purchase APR. 25 day grace period. (From the Secured VISA Card Disclosure document as of 3/10/2004.)

 

There is no online app. - you must call them at 800-762-0974 and request one be mailed to you.

 

If you need a pos. revolving credit TL, I highly recommend going the secured route with National City. (They are considered a prime bank and are one of the nation's largest financial holding companies.)

 

http://www.nationalcity.com

[mycredit]

Couldn't find it.. Do you have a link? Thanks!

[TooMuchTooFast]

mycredit, they won't let you apply online. Call them and request an applicaton be sent to you.

 

(They are the only prime bank I'm aware of that w/approve 100% of secured card applicants. I'm 30-mos. post-BK, and Wells Fargo, BofA, Citi and Chase wouldn't touch me - but National City was very easy to open an account with.)

[mycredit]

thank you so much.. i called them and they are mailing me info.. She did say ANYBODY is approved.. We'll see about that one. I'm definetely the test for "anybody"!

[sillyone]

Did they tell you how much the initial deposit amount?

[TooMuchTooFast]

Minimum is $250; maximum is $2,500. Annual fee is $36/year billed @ $3/mo. Purchase APR is 15.24%, Cash Advance APR is 15.8%. Balance Transfer APR is the same as Purchase APR. 25 day grace period. (From the Secured VISA Card Disclosure document as of 3/10/2004.)

 

Phone: 800-762-0974

[tmcgill]

What is their telephone number?

[oneday]

Hello tmtf,

 

Is there a link for the secured card site. I can't find it in www.nationalcity.com

 

thanks

[TooMuchTooFast]

oneday, there is no online app. for it. Call them at 800-762-0974 and request an applicaton be sent to you. (Guess they don't want to be inundated w/secured card apps. - but they don't know the "word" has been posted on CB and they'll get tons of new bus. from here. )

[oneday]

Thanks tmtf,

 

 

Just requested the app.

[OneShoeOff]

~BUMP~

 

Anyone have the secured already? For those who get the secured card, please keep us updated regarding the reporting (secured vs. non-secured), approval, etc.

 

Good luck everyone

[OneShoeOff]

thank you so much.. i called them and they are mailing me info.. She did say ANYBODY is approved.. We'll see about that one. I'm definetely the test for "anybody"!

 

Just a quick update. I received an application in the mail for a secured card. The letter states 2 different times that the secured card is ALREADY approved. So..... looks like they definitely take ANBODY :wink:

 

Still have not decided on this one. That $3 monthly annual fee could get a little annoying....

[Gingerly]

Still have not decided on this one. That $3 monthly annual fee could get a little annoying....

 

$36 is a bit steep per year, but I think it's worth it since I'm sure it will result in you eventually getting a regular National City card. They have a good reputation and it's cool how they have straight rates for purchases, BTs, and cash advances.

 

Did you see they even have one of those see-thru cards? :8)

 

 

http://www.nationalcity.com/images/Product...Glow_129x85.gif

[TooMuchTooFast]

I agree - $36/year is a bit steep, but it gets ones foot in the door with a prime bank. One of the things I've learned since being on CB is that it is important to obtain accounts w/banks with which one can build a long-term relationship with, and one that offers a full range of products, including CCs, auto loans, mortgages, etc.

 

Subprime CCs/issuers just don't have anything further to offer one other than a high-fee/APR CC, which is good for a pos. TL/rebuilding, but at some point, we want to stop doing business with them.

[Q]

Cool, I am giving them a call tomorrow morning. I have a bunch of unpaid charge offs, lets see if they will approve me!!!

[Aimabear]

How do secured cards like this work? Do they send back the initial deposit OR do they credit your account after the waiting period?

 

Thanks

[mason]

DH has an old charge-off from National City. If I get the secured card and add him as an authorized user, will it be safe?

[TooMuchTooFast]

Received my secured National City CC today. It's a pretty ugly card (and their others look so good LOL), but it will be a pos. TL and gets me started with them, so can't complain too much.

 

Looks like everyone is approved, so if you need a pos. TL and want to start a relationship w/a prime bank, I highly recommend National City.

[Q]

That was fast, I haven't even sent my app in yet. It only took a week?

[TooMuchTooFast]

Q, took about 2 weeks, so guess that's pretty good.

[kamper]

Thanks for that info. Thanks to this board I am starting to see that credit is important. Only a year out of bk, but printed that info out for future use. Hopefully, it will be a start for me in the future.

[mickey07s]

i have disputed some accounts with transunion. I got a letter from them yesterday acknowledging my disputes, however, i went on line and looked at my credit report at freecreditprofile.com and found that some of the accounts i have disputed have been reaged showing dola as 3/04.

 

so my question is: do i wait for the paper report from transunion or do i jump on them now?

 

thanks for any input

michelle :shock:

[mycredit]

I sent in my application last week. They called me yesterday requesting a copy of my rental lease agreement because I don't have a home phone.

 

She did say as long as they get that I'm approved.

 

BUT they did pull an inquiry on Equifax.

 

TMTF - Did they pull an inquiry for you as well?

[TooMuchTooFast]

Yes, they pulled TU in CA.

 

Ques.: Does anyone know if they have to pull a hard so as to be able to pull AR's/softs?

[OneShoeOff]

Received my secured National City CC today. It's a pretty ugly card (and their others look so good LOL)

 

TMTF,

 

Quick question:

 

I'm curious. Ummm...... just how ugly is that card??? What color? Is it grey w/ dark grey font? Mine should be on they way