topic SDFCU Secured Card Graduates? in Credit Cards

SDFCU Secured Card Graduates?

masscredit — Sat, 06 May 2023 13:55:31 GMT

I have a SDFCU Secured card with a $6500. limit. I'm coming up on 1 year with it. Anyone have experience with these cards graduating?

Re: SDFCU Secured Card Graduates?

butterpecan — Tue, 06 Jun 2023 03:22:04 GMT

@masscredit wrote:
I have a SDFCU Secured card with a $6500. limit. I'm coming up on 1 year with it. Anyone have experience with these cards graduating?

@masscredit Did you ever get an answer about this? I'm interested in this card as well. Thx

Re: SDFCU Secured Card Graduates?

House1204 — Tue, 06 Jun 2023 15:26:35 GMT

@masscredit wrote:
I have a SDFCU Secured card with a $6500. limit. I'm coming up on 1 year with it. Anyone have experience with these cards graduating?

I had a SDFCU secured card for 2 years with a $4000 limit. It never graduated. I closed it. I then got a preapproval for a unsecured card.

Re: SDFCU Secured Card Graduates?

butterpecan — Tue, 06 Jun 2023 18:51:11 GMT

@House1204 wrote:
@masscredit wrote:
I have a SDFCU Secured card with a $6500. limit. I'm coming up on 1 year with it. Anyone have experience with these cards graduating?
I had a SDFCU secured card for 2 years with a $4000 limit. It never graduated. I closed it. I then got a preapproval for a unsecured card.

@House1204 Thanks for the info. I've seen quite a few people state theirs didn't graduate as well.

Re: SDFCU Secured Card Graduates?

ncogngro — Wed, 07 Jun 2023 14:51:39 GMT

@butterpecan wrote:
@House1204 wrote:
@masscredit wrote:
I have a SDFCU Secured card with a $6500. limit. I'm coming up on 1 year with it. Anyone have experience with these cards graduating?
I had a SDFCU secured card for 2 years with a $4000 limit. It never graduated. I closed it. I then got a preapproval for a unsecured card.
@House1204 Thanks for the info. I've seen quite a few people state theirs didn't graduate as well.

I got the secured card right after CH7 discharge in January, 2021. Secured for $500. My card graduated 12 months later and they doubled my CL to $1000. In January, they doubled by CL and now my CL is $2000.

Re: SDFCU Secured Card Graduates?

butterpecan — Wed, 07 Jun 2023 15:13:52 GMT

@ncogngro wrote:
@butterpecan wrote:
@House1204 wrote:
@masscredit wrote:
I have a SDFCU Secured card with a $6500. limit. I'm coming up on 1 year with it. Anyone have experience with these cards graduating?
I had a SDFCU secured card for 2 years with a $4000 limit. It never graduated. I closed it. I then got a preapproval for a unsecured card.
@House1204 Thanks for the info. I've seen quite a few people state theirs didn't graduate as well.
I got the secured card right after CH7 discharge in January, 2021. Secured for $500. My card graduated 12 months later and they doubled my CL to $1000. In January, they doubled by CL and now my CL is $2000.

@ncogngro Do you know if there's a hard pull just to join and then another for the credit card app?

Re: SDFCU Secured Card Graduates?

ncogngro — Wed, 07 Jun 2023 15:23:31 GMT

@butterpecan wrote:
@ncogngro wrote:
@butterpecan wrote:
@House1204 wrote:
@masscredit wrote:
I have a SDFCU Secured card with a $6500. limit. I'm coming up on 1 year with it. Anyone have experience with these cards graduating?
I had a SDFCU secured card for 2 years with a $4000 limit. It never graduated. I closed it. I then got a preapproval for a unsecured card.
@House1204 Thanks for the info. I've seen quite a few people state theirs didn't graduate as well.
I got the secured card right after CH7 discharge in January, 2021. Secured for $500. My card graduated 12 months later and they doubled my CL to $1000. In January, they doubled by CL and now my CL is $2000.
@ncogngro Do you know if there's a hard pull just to join and then another for the credit card app?

Unfortunately, there is for both. I joined in August, 2020 and app'ed in Dec, 2020

Re: SDFCU Secured Card Graduates?

butterpecan — Wed, 07 Jun 2023 15:32:19 GMT

@ncogngro Thanks for the data points, I have searched and I get mixed answers. I think I'll hold off on them then because I don't want any more INQ.

Re: SDFCU Secured Card Graduates?

masscredit — Sat, 10 Jun 2023 03:34:07 GMT

@butterpecan wrote:
@masscredit wrote:
I have a SDFCU Secured card with a $6500. limit. I'm coming up on 1 year with it. Anyone have experience with these cards graduating?
@masscredit Did you ever get an answer about this? I'm interested in this card as well. Thx

Secured cards with a limit over $5000 won't graduate so I reduced my limit from $6500 to $5K about a week before it would be reviewed. It didn't graduate. I'm going to give it one more year. I'll close the account if it doesn't graduate next year. The review is only done once per year.

Re: SDFCU Secured Card Graduates?

Jaymes — Fri, 21 Jul 2023 18:57:06 GMT

Sorry I'm so late coming to the party on this thread.

My $3,500 CL secured VISA with SDFCU graduated at about the 13 month mark. At 12 months, I phoned to inquire and was told that it is reviewed automatically on a monthly basis and that mine should be reviewed in about three weeks from that time. IIRC, about two weeks after that call, I received the notification and logged in to find the available funds in my savings account had increased by the $3,500.

The woman on the phone did tell me that if in about a month it hadn't graduated, I could call to speak to a lender. So that might be a good route to take. It couldn't hurt.

A little after the two-year mark (one year after graduation) I requested a CLI to double my limit. I recall it was a bit of a process to do that... I believe I needed to upload a paycheck stub. Nothing seems to be automatic with them.

Re: SDFCU Secured Card Graduates?

Jaymes — Fri, 21 Jul 2023 19:31:27 GMT

If you apply for the credit products right after joining SDFCU, it's only one hard pull. I believe you have 30 days after joining where they will use the same hard pull. The other person who responded waited a few months to apply for products, so that would explain their dual pull. All in all, I like SDFCU. I've reached the point where I'm getting preapproved offers -- about a year and a half ofter my CC graduated. Granted, my scores have gone WAY up since then.

Best of luck to you!

Re: SDFCU Secured Card Graduates?

masscredit — Fri, 21 Jul 2023 20:05:09 GMT

@Jaymes wrote:
If you apply for the credit products right after joining SDFCU, it's only one hard pull. I believe you have 30 days after joining where they will use the same hard pull. The other person who responded waited a few months to apply for products, so that would explain their dual pull. All in all, I like SDFCU. I've reached the point where I'm getting preapproved offers -- about a year and a half ofter my CC graduated. Granted, my scores have gone WAY up since then.

Best of luck to you!

I think it depends on the person you speak with. The person that I spoke with a few weeks before the card's one year anniverary was very helpful. She let me know there was no chance of the card graduating with a CL of over $5K so I reduced it. I called a few weeks ago to see if that would do anything to help it graduate. I don't remember what that person said but it wasn't very helpful. The gist of it was I have to wait to see if it happens.