TD Bank secure graduation is going to be

Question

I just found these changes in TD Bank's agreement:(My 7th bill cut is coming in 2 weeks, so will see...) C. Eligibility for an Unsecured Card. If you use and maintain a Credit Card Account for 7 consecutive Billing Cycles without committing an act of default pursuant to the Agreement you may be eligible to graduate to an unsecured TD Bank credit card automatically. This means that your savings account that secured the credit card will be released so you will have access to these funds. Upon graduation, a prorated refund of the annual fee will be given to you and it will appear on a subsequent monthly statement. Your credit limit and your APR will remain the same. Your account will automatically be reviewed once you meet the threshold eligibility requirements. If you are not graduated at your first review, your account will automatically be reviewed on an ongoing monthly basis thereafter to determine if you have become eligible for an unsecured account. If you meet the requirements you will be notified of the impending automatic graduation and you will have the opportunity to opt out of the graduation and maintain your secured account by calling Customer Service at 1-888-561-8861. If you chose to keep your secured account, you will have to complete a new application to be considered for an unsecured card in the future. All other terms and conditions remain the same.

Answer 1

Corund wrote:
taxi818 wrote:
Congrats. I canceled this puppy last november when i realized that the Td bank offices south of the border. had to call canada for all information. I actually opened a secured Td bank card in November 2013. was told it would graduate after 6 months.After talking to the offices in canada they said. no , we will review after 2 years and you maybe be eligible to apply at that time.I said to my self. what the hell. in 2 years no way will i need you. so at the 1 year anniversary, I canceled it as the rewards were terrible. 1percent across the board. and 2500 to redeem for statement credit. But good luck to you holding on to it. really with a 5k limit that is outstanding. I only had $500 on deposit and gladly took my money back. I know the local branch manager by first name. and she said. well at least we helped you get into amex and the other cards i see on your report. I said what. you helped me?. really. i just started laughing. Actually I was going to cancel it in 1-2 months right before next AF.I applied for it in last October and was waiting almost 2 months for approval and receiving it. I applied for Amex and CapOne after, but got them before I get TD Bank CC.That was the exact experience i had. i apped in november 2013. but did not get the card until january 2014. damn. Congrats on getting your new card with them. I still bank with them. But they are just too conservative for me. as you can see from my signature. i moved on to bigger and better things. but im not mad at them. they were my first and even though it is closed. It is still my oldest account according to my credit report.so its giving me a boost. 10 years to stay on my report. At this point. another 9 years. outstanding.