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I think situations like this is one of the reasons Capital One has chosen to simplifiy their secured offering the way they have-to avoid being hassled like this. Did Discover promise in writing that it would be unsecured after 12 months? No, they say they will start to review the account for unsecured status month to month starting at 12 months.
I'm not replying to debate op's action, but my personal experience. I personally regret getting the secured discover card. I've had mine 18 months and still won't graduate to the unsecured card. I personally wish I'd have just been more patient and waited to apply when my credit had improved. I also have improved tremendously in the year and a half since I began my journey. No lates or collections, good scores but yet they won't budge. It's frustrating, but it is what it is I suppose. 😔
@sgs71 wrote:I'm not replying to debate op's action, but my personal experience. I personally regret getting the secured discover card. I've had mine 18 months and still won't graduate to the unsecured card. I personally wish I'd have just been more patient and waited to apply when my credit had improved. I also have improved tremendously in the year and a half since I began my journey. No lates or collections, good scores but yet they won't budge. It's frustrating, but it is what it is I suppose. 😔
Like you, I'm coming to regret getting the secured card. I know there are no guarantees, and at the time I felt that since I was given a second chance, I too believed if I treated the card well, they would consider unsecuring it, but alas I've come to realize that probably won't happen. I've had the card for 17 months, and am cementing my plan to close the card in December regardless to whether I qualify for a card with NFCU. Good luck to you.
I'm just coming up on my 1 year mark with my Discover Secured on October 10th. I, too, am wondering if I will graduate this month or soon after. My TU score is currently 692. I only have a couple accounts with lates over 2 1/2+ years old. Everything else is positive. UTI is between 1-4% depending on the month.
My questions are: