Quote:
Originally posted by shannon
i have been thinking lately, if i were to get a secured credit card, would i get that money back sometime? like how would they decide? as i built good credit would they one day just give me my money back or something? or would it be when i cancelled the card?
|
Although this answer is not universal, usually you get your money back when you cancel your card. Another option would be to re-apply for the card with your bank, and after reviewing your credit history, they'll decide if they are able to release your money.
In my experience, usually you are able to get your money back after 6 months, as that is how long it takes for you to obtain a credit score.