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Discover Secured

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CostantinoA
Established Contributor

Discover Secured

Hello Everyone:

 

I have a Discover Secured with 1500 limit.  I opened the account 06-12-15.  I was wondering if anyone had experience with this card.  I wanted to know the soonest it would unsecure and how much much of a CLI increase they were given.  I charge about 4000k a month on this card and I pay in full as soon as it posts to the account.  Any feedback?

Experian - 695 (4Y1M AA, 33 INQ)
Transunion - 686 (1Y5M AA, 30 INQ)
Equifax - 726 (3Y1M AA, 4 INQ)
Total Credit Lines: $99,387
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1 REPLY 1
LadyVee
Regular Contributor

Re: Discover Secured

According to Discover the card has the possibility to unsecure within a year. I have had the card over a year but mine has not unsecured yet. It is all based on your credit report and score. If the card does not unsecure at the one year mark Discover will review your account and credit every month until you qualify to unsecure.

Starting Score: 485 (CK TU)
Current Score: 698 (TU FICO); 685 (EX FICO) 687 (EQ FICO)
Goal Scores: 750 (TU FICO); 750 (EX FICO); 750 (EQ FICO)

Current Cards:
AMEX Gold: NPSL, AMEX BCE: 1000, BARCLAY APPLE: 2000, CITI DC: 2250, CHASE CSP: 7400, CAP1 SAVOR: 12000, CAP1 VENTURE: 10000, CAP1 QS: 6500, CAP1 QS1: 3300,
DISC IT: 1400, MERRICK: 2200, PAYPAL CREDIT: 3000,
US BANK CASH+: 5000, WALMART: 5000, TARGET MC: 4000, ANN TAYLOR: 6000, VS: 6000, EXPRESS: 5000, NY&CO: 4000, SMILE GEN: 1500
Message 2 of 2
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