cancel
Showing results for 
Search instead for 
Did you mean: 

New Discover secured graduation policy

tag
pauper66
Valued Member

Re: New Discover secured graduation policy

Thanks, but I'm not too concerned about it. I wasn't going to try, but the curiosity got the best of me and I hit the button. I'm in a good spot. High enough available credit to help should a crisis occur, but low enough to keep me from getting into trouble.

Message 81 of 91
Anonymous
Not applicable

Re: New Discover secured graduation policy

Just thought I'd let everyone know that my discover it card graduated 3 days after my seventh statement!!! And I received my check in the mail in less than a week. $200 cl, never carried a balance.
Message 82 of 91
Anonymous
Not applicable

Re: New Discover secured graduation policy


@Anonymous wrote:
Just thought I'd let everyone know that my discover it card graduated 3 days after my seventh statement!!! And I received my check in the mail in less than a week. $200 cl, never carried a balance.

Did they give you a graduation CLI when it unsecured?

Message 83 of 91
Anonymous
Not applicable

Re: New Discover secured graduation policy

My 7th statement cuts today.....I'm on the edge of my seat. I don't necessarily expect it to graduate but at the same time it would be nice to get my security deposit back. I checked my account at midnight and naturally the statement hasn't posted yet or anything Smiley Sad

Message 84 of 91
Anonymous
Not applicable

Re: New Discover secured graduation policy

I just graduated too. How do I find out if they gave me a CLI??

Message 85 of 91
Anonymous
Not applicable

Re: New Discover secured graduation policy


@Anonymous wrote:

I just graduated too. How do I find out if they gave me a CLI??


It will say in your graduation email if you got a CLI. Also, if you log in and your limit is suddenly higher then you'll know. I knew by logging in and seeing my new limit before my graduation email ever arrived. 

Message 86 of 91
Anonymous
Not applicable

Re: New Discover secured graduation policy

So I apologize if this question had already been addressed, but when a discover secured graduates, does it turn in to a legit discover IT? I applied for the unsecured discover IT and was denied. I would most likely only do the $200 deposit, but can you add to it after your initial deposit to give yourself a CLI?

New to credit, this forum had been a wonderful resource.
Message 87 of 91
joltdude
Senior Contributor

Re: New Discover secured graduation policy

Discover is slow at any email correspondence....

CLI's.. Graduations..  That said.. the first place you know if you get an auto-cli or other such change is actually logging into your account...

Wait a day or two after the statement generates, if its not on the statement.... Still might get one...

 

-J

 


 

Message 88 of 91
joltdude
Senior Contributor

Re: New Discover secured graduation policy

Yes you can add to the secured deposit at any time.. and it does seem to mean you graduate with a higher CL.... 

-J

 

Message 89 of 91
slither43
Regular Contributor

Re: New Discover secured graduation policy

I must say, I was pretty surprised to see my account status when I logged in this morning. My 7th statement cut 5 days ago. I was at $200 secured and I graduated and got a CLI to $2000! During the 7 months my scores improved about 60 points across the board but still only averaging around 640. Fico went from 508 to 610 during the same period. I never used more than 30% on the card and always paid in full before anything was ever due. Didn't think I'd be one of the lucky ones but happy to report that I am

Message 90 of 91
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.