Discover It (Secured) Graduation

[SmileNWave]

I had applied for this card as my first card in April of this year, with a $300 deposit. And today, 7 months later, with a 700+ FICO score across all 3 bureaus, I got that glorious "How would you like to recieve your refund?" email. I logged into my account to see a new limit of $1800!

I used this card just mainly for gas, and small expenses since using it meant decreases in my score due to the low limit (I originally wanted to start with a $2500 security deposit, but my mother put her foot down about that and I'm glad she did). I am honestly surprised that they would give me such a CLI compared to my initial deposit, but I guess this means that they trust me better now. I'm looking forward to paying off some debts that I got myself into (car repairs) then apply for a CLI in 6 months.

[Anonymous]

Congrats on the graduation!

[Anonymalous]

Congrats! I started with a unsecured card a month after you, but I think the Discover is a better long term card than mine. Any new credit card applications on the horizon?

[SmileNWave]

Believe it or not, 2 1/2 months after getting the Discover, I applied for an Amex Gold (always wanted to have at least one of their cards in my wallet) and got it. No PSL, and just 1 hard inquiry. I'm gonna let my credit chill for a bit while I pay down the balance I accrued on the Gold (due to my lemon of a car breaking). But a "goal" card now would be a BCP, since I drive a gas guzzler (thing takes $60 every week to fill up) and I would love to have more of that money back in my wallet.

[SUPERSQUID]

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@SmileNWave wrote:

I had applied for this card as my first card in April of this year, with a $300 deposit. And today, 7 months later, with a 700+ FICO score across all 3 bureaus, I got that glorious "How would you like to recieve your refund?" email.

I used this card just mainly for gas, and small expenses since using it meant decreases in my score due to the low limit (I originally wanted to start with a $2500 security deposit, but my mother put her foot down about that and I'm glad she did). I am honestly surprised that they would give me such a CLI compared to my initial deposit, but I guess this means that they trust me better now. I'm looking forward to paying off some debts that I got myself into (car repairs) then apply for a CLI in 6 months.

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CONGRATS !!!!!

Can you share? what is your unsecured cl of that disco now?

[SmileNWave]

Whoops, I forgot to mention that they gave me an $1800 SL. Which is quite the upgrade from the measly $300 line that I couldn't charge anything to without losing points

[YungGouda]

Congrats on the graduation and CLI @SmileNWave !!!

Since you got an AMEX charge card and your scores are 700+, why not try to snag at least one revolver (BCP, BCE, Cash Magnet etc.) as well?  Once you're in with AMEX, it is usually SPs thereafter for new apps.

[CreditAggie]

Congratulations on your Discover graduation and CLI!

[quikj9]

Congrats on your Discover Secured Card graduation and CLI!

[SmileNWave]

I already attempted to get a BCP, but was declined due to me being a new Amex member and the balance that I carry on my Gold. So, I'll wait until everything is at 0 on my credit report to apply.