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  1. #1
    Registered User Semi Pro Member
    Posts
    270

    How Long Until a Bank Changes Your Card to Unsecured ?

    Are big banks better or worse at this for customers who are trying to improve their credit?

    I have heard some horror stories and even head scratchers where people have auto loans and even a mortgage with the same bank yet they keep them locked into a secured card.

    Last edited by Frank C; 05-18-2015 at 08:13 AM.

  2. How Long Until a Bank Changes Your Card to Unsecured ?
  3. #2
    Registered User Semi Pro Member
    Posts
    267
    Banks and card issuers usually have their own internal policy on things like that. Their is no golden rule or federal law I know of that limits it to 3, 4, or X amount of years.

  4. #3
    Registered User Senior Member
    Posts
    192
    It could be never if that is the verbage in their terms and conditions. Sometimes they have no obligation to upgrade you to a better card.

  5. #4
    Registered User Semi Pro Member
    Posts
    282
    They do need some kind of set term instead of varying periods from different banks. It seems unfair for consumers with good paying histories.

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