You can get a Self Visa Credit Card return by closing your account with no unpaid balance. If your Credit Builder Account is still active when you close your credit card, the security deposit will be returned to your Credit Builder Account. If your Credit Builder Account is already closed, your security deposit will be returned to you via check or ACH within 10-14 business days.
The only cases where you will not get your full deposit back from a Self Visa Credit Card are if there is a balance remaining when you close the account or if you default on your payments. In those cases, Self will use the deposit to recoup what you owe them.
Key Facts About Self Visa Credit Card Deposit Returns
If you close the account with no unpaid balance, you get 100% of your deposit back.
If your Credit Builder Account is still active, the security deposit will be returned to your Credit Builder Account.
If your Credit Builder Account is closed, your security deposit will be returned to you via check or ACH.
If you close the account with a balance, the balance is subtracted from your deposit refund.
If you don't pay your credit card balance at all, Self can recoup their money using the deposit.
It normally takes Self 10-14 business days to refund your deposit after you close the account.
So, don't worry about putting up a deposit when you get a Self Visa Credit Card. You're not parting with any of the money for good, as long as you pay off your balance. The deposit just gives the issuer a guaranteed way to recoup their money if you don't pay.