Happy Valentines day to me!
I applied for the DiscoverIT secured card in July 2021 with a fico of 574. I've never had a credit card before and had no debt at the time. I have one charge off ($80 from Verizon from a bill that I had to pre-pay, but that's another story). I put $500 on the card because I didn't know how things worked and I had just stumbled across this site. Luckily I was smart enough to take the hard pull hit to get a secured card that didn't have an annual fee. Once I figured out that you can pay your balance as often as you want and that it only takes 24hrs to post, it dawned on me that I could raise the deposit A LOT and take advantage of the cash back while also making it easier to show a 1-9% balance in order to eek out as many points as I could (I also did a lot of learning from this site). I maxed out the deposit ($2,500) and proceeded to spend more than that per month yet only show a ~1% balance come reportinging day. This is my 7th month, so they are right on time. They also threw in a $1K CLI. I am so excited I can barely stand it! I know this is like the smallest thing in the world to someone who was taught about credit and how to manage it, but I never was, so to me this is a huge milestone. Thanks for reading. :-)
My fico is now 649 and I'm shooting for the top category someday.
This is REALLY AWESOME! Accomplishments you should be extremely proud of....both the graduation of your Discover card as well as your wise credit limit assessment/utilization, which resulted in such a rapid increase in your FICO score in just 7 months of reporting. Just...WOWWWW! 🎉👏👏
Congrats on your Discover graduation and CLI
Nice, grats on your graduation and subsequent increase in CL
