topic Re: Discover Secured Graduation in Credit Card Approvals

Discover Secured Graduation

Anonymous — Sat, 23 Jan 2021 22:51:38 GMT

As the title states, I finally graduated!

Here's how it all went down for DP's on those of you who may be searching for information on your Discover Secured journey.

April 2020:

Opened card with $300 limit. Scores in the low 600's. Chrome 1% CB and 2% CB restaurants and gas stations.

May 13, 2020 1st statement cut with $12 balance. $700 monthly spend.

June 13, 2020 2nd statement cut with $0 balance. $500 monthly spend. Updated security deposit to $700.

July 13, 2020 3rd statement cut with $0 balance. Increased security deposit to $2,500. $1200 monthly spend.

August 13, 2020 4th statement cut with $0 balance. $1,800 monthly spend.

September 13, 2020 5th statement cut with $0 balance. $2,200 monthly spend.

October 13, 2020 6th statement cut with $0 balance. $800 monthly spend.

November 13, 2020 7th statement cut with $0 balance. $1,100 monthly spend. PC'd card to NHL IT Card with 5% CB Rewards rotating categories.

December 13, 2020 8th statement cut with $171 balance. $2,200 monthly spend.

January 13, 2020 9th statement cut with $2,300 balance. $2,150 monthly spend. (I let this amount report because I heard they like something to report, and i had only ever let $12 and $171 report prior.)

January 15, 2020 late evening, received email saying Congratulations on responsible use, they are unsecuring my card and returning my $2,500 security deposit as well as increasing my credit line from $2,500 to $2,700.

January 22, 2020 received check in the mail.

My scores went from low 600's to mid 600's and they've remained stable for 3 months. So I am unsure why they didn't graduate me at 7 months with 13% overall usage across the board versus at 9 months with 17% usage across the board (almost 100% on their card). No new negative activity since account opening.

That's my journey. Good luck to all. I wasn't sure how long I'd have to wait. But.....as always, we don't know or understand Disco as much as we'd like to.

Re: Discover Secured Graduation

AllZero — Sat, 23 Jan 2021 22:45:22 GMT

Congratulations on your graduation and CLI!

Re: Discover Secured Graduation

Getty59 — Sat, 23 Jan 2021 23:24:04 GMT

Thanks for the DPs and congrats on your unsecured card!

Re: Discover Secured Graduation

Rebuild2019 — Sun, 24 Jan 2021 00:13:02 GMT

Congratulations @Anonymous on your progress.

Re: Discover Secured Graduation

CreditMagic7 — Sun, 24 Jan 2021 01:13:50 GMT

Congratulations on your graduation

Re: Discover Secured Graduation

cashorcharge — Sun, 24 Jan 2021 01:23:54 GMT

That's terrific! Congratulations on your approval!! 🎉🥂

Re: Discover Secured Graduation

Credit4Growth — Sun, 24 Jan 2021 02:16:35 GMT

😁 Thanks for the Dps!

Congrats onto the graduation and CLI!

Re: Discover Secured Graduation

JoeLuvsHisCredit — Sun, 24 Jan 2021 02:19:53 GMT

Re: Discover Secured Graduation

CreditAggie — Sun, 24 Jan 2021 05:30:20 GMT

Congratulations on your Discover graduation and CLI!

Thank you for sharing your journey with us!

Re: Discover Secured Graduation

M_Smart007 — Sun, 24 Jan 2021 11:01:06 GMT

Congratulations!

Re: Discover Secured Graduation

Iusedtolurk — Sun, 24 Jan 2021 11:58:40 GMT

@Anonymous wrote:
As the title states, I finally graduated!

Here's how it all went down for DP's on those of you who may be searching for information on your Discover Secured journey.

April 2020:
Opened card with $300 limit. Scores in the low 600's. Chrome 1% CB and 2% CB restaurants and gas stations.

May 13, 2020 1st statement cut with $12 balance. $700 monthly spend.

June 13, 2020 2nd statement cut with $0 balance. $500 monthly spend. Updated security deposit to $700.

July 13, 2020 3rd statement cut with $0 balance. Increased security deposit to $2,500. $1200 monthly spend.

August 13, 2020 4th statement cut with $0 balance. $1,800 monthly spend.

September 13, 2020 5th statement cut with $0 balance. $2,200 monthly spend.

October 13, 2020 6th statement cut with $0 balance. $800 monthly spend.

November 13, 2020 7th statement cut with $0 balance. $1,100 monthly spend. PC'd card to NHL IT Card with 5% CB Rewards rotating categories.

December 13, 2020 8th statement cut with $171 balance. $2,200 monthly spend.

January 13, 2020 9th statement cut with $2,300 balance. $2,150 monthly spend. (I let this amount report because I heard they like something to report, and i had only ever let $12 and $171 report prior.)

January 15, 2020 late evening, received email saying Congratulations on responsible use, they are unsecuring my card and returning my $2,500 security deposit as well as increasing my credit line from $2,500 to $2,700.

January 22, 2020 received check in the mail.

My scores went from low 600's to mid 600's and they've remained stable for 3 months. So I am unsure why they didn't graduate me at 7 months with 13% overall usage across the board versus at 9 months with 17% usage across the board (almost 100% on their card). No new negative activity since account opening.

That's my journey. Good luck to all. I wasn't sure how long I'd have to wait. But.....as always, we don't know or understand Disco as much as we'd like to.

Congrats on your graduation, your cli, and those thorough data points you kept track of during your journey!!!

Re: Discover Secured Graduation

gdale6 — Sun, 24 Jan 2021 14:37:35 GMT

Grats on the graduation and CLI

Re: Discover Secured Graduation

bicboiOD — Mon, 25 Jan 2021 04:34:51 GMT

@Anonymous wrote:
As the title states, I finally graduated!

Here's how it all went down for DP's on those of you who may be searching for information on your Discover Secured journey.

April 2020:
Opened card with $300 limit. Scores in the low 600's. Chrome 1% CB and 2% CB restaurants and gas stations.

May 13, 2020 1st statement cut with $12 balance. $700 monthly spend.

June 13, 2020 2nd statement cut with $0 balance. $500 monthly spend. Updated security deposit to $700.

July 13, 2020 3rd statement cut with $0 balance. Increased security deposit to $2,500. $1200 monthly spend.

August 13, 2020 4th statement cut with $0 balance. $1,800 monthly spend.

September 13, 2020 5th statement cut with $0 balance. $2,200 monthly spend.

October 13, 2020 6th statement cut with $0 balance. $800 monthly spend.

November 13, 2020 7th statement cut with $0 balance. $1,100 monthly spend. PC'd card to NHL IT Card with 5% CB Rewards rotating categories.

December 13, 2020 8th statement cut with $171 balance. $2,200 monthly spend.

January 13, 2020 9th statement cut with $2,300 balance. $2,150 monthly spend. (I let this amount report because I heard they like something to report, and i had only ever let $12 and $171 report prior.)

January 15, 2020 late evening, received email saying Congratulations on responsible use, they are unsecuring my card and returning my $2,500 security deposit as well as increasing my credit line from $2,500 to $2,700.

January 22, 2020 received check in the mail.

My scores went from low 600's to mid 600's and they've remained stable for 3 months. So I am unsure why they didn't graduate me at 7 months with 13% overall usage across the board versus at 9 months with 17% usage across the board (almost 100% on their card). No new negative activity since account opening.

That's my journey. Good luck to all. I wasn't sure how long I'd have to wait. But.....as always, we don't know or understand Disco as much as we'd like to.

Congrats the graduation! I just got my Discover It Secured two days ago! Did a $2,000 deposit and I hope to eventually add the additional $500 after a few statements for the full CL. Thank you for providing very thorough DPs, this is extremely helpful!

Re: Discover Secured Graduation

MyFault — Mon, 25 Jan 2021 04:42:29 GMT

Congrats on your graduation and CLI!

Re: Discover Secured Graduation

dudefromtx — Mon, 25 Jan 2021 05:20:46 GMT

Congrats on your graduation and CLI!

Re: Discover Secured Graduation

Anonymous — Wed, 07 Apr 2021 00:52:34 GMT

Awesome! I h

just started my discover secured journey, I can't wait to get unsecured as well! 👍

Re: Discover Secured Graduation

JustJay119 — Wed, 07 Apr 2021 00:59:40 GMT

Congrats on your graduation! I'm waiting for mine as well. I called last week and they said they'll take a look when my seventh statement cuts. It's this Friday.

Enjoy!

Re: Discover Secured Graduation

Anonymous — Wed, 07 Apr 2021 01:26:24 GMT

Awesome! Congratulations grad!

Re: Discover Secured Graduation

calyx — Wed, 07 Apr 2021 13:02:06 GMT

Congrats on the graduation!

Re: Discover Secured Graduation

jason0618 — Wed, 07 Apr 2021 13:20:54 GMT

Congrats! Mine just graduated last month.