The physical bank was closed in August 2011 for being underfunded and Capital bank took over their account assets and card programs. They added a $50 annual fee, plus a $4 monthly paper statement fee, which can be cancelled with a little searching on the website.
  Too bad, it was a good card that I thought I would keep forever, but as soon as I buy a new house I will likely be ditching - or at very least getting most of my security deposit back from.  Capital One or Orchard bank are the way to go now for a secured card to rebuild credit.

Ok, here's a new update on this card. I gave these guys a glowing review when I got this card over 2 years ago and have been a perfect customer - $1500 balance, small monthly purchases paid in full as soon as the charges post. Never had any problems with this card until now. Originally this card was the best - low interest & no annual fee.  But the physical bank itself was closed in August 2011 and the new owners don't look very consumer friendly.  The new card has some fees etc that put that card more in the predatory lender category.   They said that my card would stay the same, but this morning - 2/3/12 the Mint app on my phone notified me of a $50 fee on this account, I hope this is a mistake.  The nature of this card is to rebuild or build good credit, I wonder how many people with my card will be caught unawares by a $50 charge on their account and get a ding on their credit because of this? I'll see monday whether this charge is a mistake or if they are changing the cardholder agreement.  Nice timing that this charge is posted on a weekend so their customer service is closed.

Is there an application fee?
Do you put your own money on the card as the deposit?

Is it true that there is no credit check for this card? Has anyone recently tried it? On the application home page it says "no credit check"...just wanted to know cause I'm trying to get a few secured cards to use at once so I have a few accounts showing good history, but would like to have no inquiry...sounds too good to be true

Initially approved with <600 CK rating. Have had this for 6 months, have had no problems at all with them and they were very responsive when I had to contact them. Has been very helpful in getting my score built back up. I was recently able to raise my limit (deposit) to $2000 with no problem. They don't pay interest on your deposit, though.</p>

I refuse to pay an application fee.

I have this card and found they report to all 3 monthly. I pay my balance in full each month. Good company so far. Since I had a bankruptcy in Jan 2008 still rebuilding credit but this has helped. Will just take time and focus on maintaining sensible usage and prompt payment.