How can I get my secured credit card deposit refunded?

You can get your secured credit card deposit refund when closing your secured credit card. But closing a credit card may not be the smartest move, especially if you have one with no annual fee. Many issuers can graduate you from a secured card to an unsecured card and refund your initial deposit then, too.

You can get your secured credit card deposit refund when closing your credit card or when the issuer upgrades you to one of their unsecured credit cards. Your deposit will generally be refunded to your bank account or the bank can issue a check for it. Since the refund policy varies from one issuer to another, it is best to call the number on the back of your card and ask.

Please note that you will be required to close your account with a 0 balance, or they'll deduct the balance from your deposit.