As mentioned above I paid off and closed the Capital One Secured Credit Card after less than two months of usage and replaced it with a Secured TDBank Cash rewards credit card; this move definitely worked out well for me. Yesterday, just a day shy of six months after I opened the TDBank Cash card, it was unsecured thus triggering the following two events:
- The locked interest bearing savings account used to secure the credit card was unlocked, allowing me to move the money elsewhere.
- Almost exactly half of the first year's Annual Fee of $29.00 was refunded to my account.
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