I agree! I’m hesitant to try it. I don’t want to find out if it works or not too. I wish there was a better way.
This person did say
Sneider: Adam, we will periodically review your accounts for graduation of secured to unsecured card accounts, however, we do not have the exact specifics when these reviews will occur as it is entirely based on your payment and credit history.
So apparently it happens. Maybe after ten years and they have made 10 times your deposit in interest…then they will graduate your card. I can’t wait that long. I want that money working for me. Shortly I plan to open a Bank of America, secured rewards card, bite the bullet, and cancel my Cap One card and lose that history. I will be setting my self back about 2 years, but I was under the impression that this card would be graduated in a short period of time as with other secured cards. I’ll give it til October of this year. If they can’t get my card unsecured, I will have no choice but to cancel.
I will also let them know that I would never suggest one of their cards to friends or family, and maybe make it a point that I would go as far as reviewing their secured card as the worst on any website that claims Capital One as one of the best secured cards out there.