Discover Card News, Need Advice

[Anonymous]

I've been using secured credit cards to build my credit up since March. I had a couple with $200 dollar deposits that I used only for credit building. Over the summer, Capital One offered my a $1,000 credit card (which I accepted) and I was advised to close the secure card by the folks here at the forum.

I was just told via email by Discover that due to my good spending habits, they're returning my $200 deposit! So my question is, should I apply for a Discover Credit Card and close the secured one, or just ask Discover for a credit line increase. on this one I have. I don't want it still showing as just a secured card on my report, as I want the credit for having been bumped up. What should I do in that regard?

Thanks

[dragontears]

If Discover returned your deposit then the card is no longer a secured card

[joltdude]

Your discover is no longer secured... however....

Id wait a few days to make sure the status has fully updated (not long)... 

Do you have the CLI button avalible on Discovers web portal?

You can always try hitting it... =)  Its a SP

(if your close to your statement date.. id even consider waiting for the statement to generate.... might get an auto cli)....

(and if you do get an auto-cli, run, do not walk and click the CLI button .. usually theres some more to be had)

Im pretty sure they did a SP to graduate your card... 

-J

[austinguy907]

Keep the card open as it's now a regular Discover!!!

Hop on chat and ask about a CLI on the existing card and see what they say.  It will grow if you keep using/paying it each month.

[Anonymous]

That sounds great. I will for sure look into the credit line increase in about a week or so. The credit report was showing it as a secured card. Will that automatically update now on my next report and move that into the regular credit category? Or do I need to do anything on my end to get that updated?

[Credit_hawk]

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@Anonymous wrote:

That sounds great. I will for sure look into the credit line increase in about a week or so. The credit report was showing it as a secured card. Will that automatically update now on my next report and move that into the regular credit category? Or do I need to do anything on my end to get that updated?

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It will update on its own presumably when the next statement cuts. Stay with that card and try for a CLI.

[Anonymous]

I just took a look at my account and it looks as if it's been changed over to a "Discover it chrome Card" (which in my research looks like it's also called a "Discover it chrome for Students"). Should I also ask them to do a possible product chagne into a better card?

[dragontears]

Look at the reward structure and decide if the chrome or regular IT suits your spending better