Wells Fargo Secured Credit Card

Researching the Wells Fargo secured credit card? Duane here with how to build credit TV and in this video I'm gonna be talking to you about the Wells Fargo secured credit card Now I personally own two secured credit cards at the moment and I'm really considering getting this particular secured credit card from Wells Fargo

so that's what we're going to talk about in this video the Wells Fargo secured credit card But before we get started I have a quick message Once again my name is Duane with how to build credit TV This channel offers 100% free information about how to build credit, how to get cash back actual cash money from using credit cards, as well as credit card reviews We also talk about everything you need to know about credit whether you're looking to establish credit, build credit, rebuild credit or learn more about the FICO score and how it is comprised so you can increase your credit score

If this sounds like something in which you're interested be sure to subscribe to our channel and click the notification bell so you don't miss a thing As a matter of fact subscribing to our channel right now will help us grow faster which will allow us to: number one get this information out to more people, number two monetize our channel and number three make it a lot easier to continue to upload videos just like this one So if you're new here consider subscribing Alright now that we have all of that out of the way let's talk more about the Wells Fargo secured credit card Now I personally currently own the Citibank secured credit card and the discover it secured credit card

Now I'm really considering getting this secured credit card the Wells Fargo secured credit card and the reasons why I'm considering it is because the credit limit goes all the way up to ten thousand dollars I currently do not have a credit card that has a ten thousand dollar limit I have one that has a seven thousand dollar limit I have another one that has a three thousand dollar limit, I have one that has a four thousand dollar limit but not one that has a ten thousand dollar limit So for me personally it makes a lot of sense for me to consider this card because I can just go ahead and put the ten thousand dollars into that account and let it sit there It's like a savings account that earns no interest for me so that's kind of funny but I'm really considering getting the Wells Fargo secured credit card

So what I'm gonna do in this video is I'm gonna talk to you about the Wells Fargo secured credit card and kind of just go over the information that you may be considering or that you might want to know in regards to the Wells Fargo secured card Okay so the first thing that you might want to know is does the Wells Fargo secured credit card have an annual fee It does have an annual fee it is $25 The minimum requirement or the minimum deposit to open this card is $300 and you can go from $300 with your deposit all the way up to $10,000 It is easier to open a Wells Fargo secured credit card if you have a Wells Fargo checking account because then that way they can just take the money from your checking account

If you do not have a Wells Fargo checking account you can still open the Wells Fargo secured credit card but you would have to mail in a check or a money order and yes I said mail in a check or money order I actually called customer service because I wanted to make sure that I was giving you guys the right information If you're interested in getting started with the Wells Fargo secured credit card but you don't have a lot of money to get started I would just advise you to open the account initially with $300 That is the minimum that you need to deposit in order to open the security card with Wells Fargo and then what you could do after 2 billing cycles or 60 days is you can actually fund the account in increments of $100 So you can kind of look at it as a way to save money as a savings account and that way you're also building your credit limit which is going to be good for your credit score

So that's what you can do is just to get the account open open the account with you in three dollars and you can fund it after two months after two billing cycles you can fund it in increments of 100 dollars and you would fund the account by contacting customer service and that give you more information on how to fund the account One of the main concerns that I had about the Wells Fargo secured credit card was when it was time to upgrade from the secured credit card to the unsecured card am I going to be able to keep the same card number which would mean that I'm going to keep the same credit history that I've already expand this with Wells Fargo or are they gonna give me a new account number which would kind of mean that this is a brand new account and I'm starting from scratch So I actually contacted customer service and I asked them this question because this was one of the concerns that I had the main concern that I had with Wells Fargo as far as getting the secured card with Wells Fargo So the good news is the customer rep said that 95% of the time that you actually keep the exact same card number and you keep all that credit history that you've already established with them and you just moved from the secured card to an unsecured card So I was glad that I contacted customer service not just for you guys but for myself as well because I'm really considering getting this secured card with Wells Fargo and I'm considering getting the secured card probably no less than $5,000

I definitely want to get $10,000 right off the bat initially but I don't know if I want to separate myself from my $10,000 and the fact that the $10,000 just it's just going to be sitting in an account getting no interest when clearly I'm making interest off of that $10,000 right now Normally I go to the Wells Fargo website and I give you more information and we just kind of look over the site together but I'm not gonna do that in this video of what I will do is I will put a link below and you can go ahead and go to the Wells Fargo website if you would like and get more information about the Wells Fargo secured credit card If you have any questions at all please feel free to leave them in the comment below I will answer it as soon as I see it Thank you so much for watching this video as always and let me know kind of secured card do you have if you have any secured card or let me know what kind of secured card you're interested in if I haven't done a video maybe I'll do a video talking about that particular secured card Thank you so much for watching the video if you liked it give me a thumbs up please

Don't forget to subscribe to our channel we talk about everything that you need to know about credit Whether you're looking to establish credit,, build credit rebuild credit or learn more about the FICO score and how and how it is comprised so you can increase your credit score If this sounds like something in which you're interested be sure to subscribe to our channel and click the notification bell so you don't miss a thing Thanks again for watching until next time take care and be blessed Peace!