topic Re: Discover Secured Card in Credit Card Approvals

Discover Secured Card

Mike11208 — Tue, 20 Nov 2018 00:32:00 GMT

I applied for the Discover secured card with just 200 dollars down on 3/15/2018. Was approved and had the card a week later.

Used it heavily for the past 7 months.

Last night I log in to my account and I have a 2000 credit limit. I called and they are sending me a check for the deposit.

My mom who has no real credit history even though 70 years old, I suggested she apply for the card, I had her as an authorized user on my account.

She used the pre-qual tool and we thought she would get offered a secured card of her own (back in May she wasn't offered anything) they offered her the cash back card and approved her for 3000.

Re: Discover Secured Card

AverageJoesCredit — Tue, 20 Nov 2018 01:30:22 GMT

Way to go congrats to DM Never to old to get Disco

Re: Discover Secured Card

Anonymous — Tue, 20 Nov 2018 01:34:42 GMT

Very nice! Congratulations!

Re: Discover Secured Card

Anonymous — Tue, 20 Nov 2018 01:39:48 GMT

Congrats

Re: Discover Secured Card

19eighty5 — Tue, 20 Nov 2018 03:49:08 GMT

Congratulations!

Re: Discover Secured Card

Anonymous — Tue, 20 Nov 2018 15:41:21 GMT

❤ these kinds of success stories!

Re: Discover Secured Card

Anonymous — Wed, 21 Nov 2018 00:57:26 GMT

From $300 to $2000 @ only 7 months -- Disco loves it some Mike (and DM -- "Any family of Mike's is family of ours."). Congratulations!

Do you have some DPs to share with the community?

Re: Discover Secured Card

Mike11208 — Wed, 21 Nov 2018 02:27:38 GMT

Well, 200 dollars was the deposit.

From the day I got the card I used it, and always tried to make sure that when it was ready to cut, I had only 50% or less of usage on the card.

I then always paid it off in full, even using the cashback.

I made various payments throughout the month as it was only a 200 limit and 200 bucks isn't much to work with. I would pass $300 - $900 a month on the card. But it was hard to do because of the limit after 3 payments discover would warn you. But I really didn't do much of anything else.

Re: Discover Secured Card

Anonymous — Wed, 21 Nov 2018 03:40:14 GMT

Congratulations! Awesome that you also helped your mom to get into the CC game, that is actually really awesome!

Discover probably saw that you were doing great with $200 and also they probably figured out that, based on your spending habits, you would need more than $200, haha! Congratulations again!

Re: Discover Secured Card

Anonymous — Wed, 21 Nov 2018 03:40:39 GMT

@Mike11208 wrote:
Well, 200 dollars was the deposit.

From the day I got the card I used it, and always tried to make sure that when it was ready to cut, I had only 50% or less of usage on the card.

I then always paid it off in full, even using the cashback.

I made various payments throughout the month as it was only a 200 limit and 200 bucks isn't much to work with. I would pass $300 - $900 a month on the card. But it was hard to do because of the limit after 3 payments discover would warn you. But I really didn't do much of anything else.

Thanks for the additional information. I'm still curious about your credit profile -- i.e., primarily Fico scores?

Re: Discover Secured Card

Mike11208 — Wed, 21 Nov 2018 23:10:08 GMT

619

Re: Discover Secured Card

GApeachy — Sat, 29 Dec 2018 14:41:44 GMT

That's awesome.....I hope I'm favorable when my chance comes around.