Approved for Discover Secured 10-8, questions

[joltdude]

I wouldnt count Cap 1 out of the picture even if you burned them.. They are the forgiving sort... 

-J

[spiritcraft1]

Finally got the welcome email...  says 3-5 days for the card and that after first purchase, they will send me a statement.  I suppose that means to use it for something small first and let that small amount report...

[spiritcraft1]

---

@joltdude wrote:

I wouldnt count Cap 1 out of the picture even if you burned them.. They are the forgiving sort... 

-J

---

Yes, I have heard that they will let you back in.  I am awaiting a SOL date in 4.5 months first so I don't trigger a certain event.

[Anonymous]

---

@spiritcraft1

---

So you were in the low 600's for the NFCU approval?  Yes about the time factor but I have been patient.  I got my nSecured card two years ago.  Now with the discover and SSL loan, I would like to find #3 and practice the AZERO method for awhile.  I should be in or close to the mid 600's in six to eight months, maybe sooner and then have another 16 months until I am free and clear of all derogs.  My goal is to plan ahead, not burn INQ's and be ready to be creditworthy again.  I have never had a Chase card, so that would be cool.  Right now I am 1/24 and will be 2/24 when I find the 3rd secured card.  I want a CU secured card or maybe a NFCU unsecured for #3.  Not sure if I mentioned but Cap1, Citi, US Bank are all out of the picture for now anyway. 

---

Yep my trans bank card was 626. I do have a checking and savings with them for about 3-4 months. And I do have $50 bucks direct deposited into it every paycheck. But check and see if you can have your nSecured graduate. It's worth a shot. But if you want to add another I would try for an unsecured card. no reason to give money to a bank and get no interest if you can help it. check the pre-qual sites every 30 days after your scores go u and see if you get any bite. I did cap dirty and getting out the of the mess, but they are a good card if you can get back in.

[spiritcraft1]

---

@Anonymous

---

Yep my trans bank card was 626. I do have a checking and savings with them for about 3-4 months. And I do have $50 bucks direct deposited into it every paycheck. But check and see if you can have your nSecured graduate. It's worth a shot. But if you want to add another I would try for an unsecured card. no reason to give money to a bank and get no interest if you can help it. check the pre-qual sites every 30 days after your scores go u and see if you get any bite. I did cap dirty and getting out the of the mess, but they are a good card if you can get back in.

---

That is excellent.  I will see if I can round up another secured card with NFCU unsecured next on the list.  I do have a couple CU's that will product change a secured card, keeping your history.  With that and then NFCU unsecured I will have only 2 new accounts in the last 24 months and very few inq's.  I should get one more little bump when Discover reports.

[spiritcraft1]

The card actually arrived yesterday in its fancy little box.  I got the cheesy cassette version being a vintage stereo fan.  I will find something small to charge on it today to get the "tape" rolling!

[19eighty5]

Congratulations on your approval!

[spiritcraft1]

Another question...  I received the card 8 days ago, used it immeadiately thinking that it would then report with a small balance...  $17.00.  I had read here, and Discover actually says that they will send a statement after the cards first use which I took as meaning they would report then.  So far, the card has not shown up on my reports.  Payment date is the 13th., with statement cut date a few days later I assume. 

I would like it to report a small balance and am surprised it has not reported at all as yet.  Thoughts on when this card might report?