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Discover Secured Card Graduated to Unsecured Card 7 months

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Discover Secured Card Graduated to Unsecured Card 7 months

Woke up this morning to my Discover secured card gradutaing after 7 months not 7 statements. I opened the account in 2/2019 with $300 the 6th statement cut on 9/27/2019 and today 9/30/2019 I logged into my Discover app and it says $1500 of $1500. I was hoping for $2000 like my husband got when his card graduated but I'm just happy its unsecured and the credit limit increased. I'm not sure what they go by to determine how much they'll increase it to. My 7th statement cuts on 10/27/2019. When I opened my account my FICOSCORE 8 was 583 and today my FICOSCORE 8 is 685. I still have not recieved an email that says I've graduated and I'll be recieving my deposit back, I guess that email is to follow. Does anyone know what they go by to determine the amount of the CLI?

Message 1 of 24
23 REPLIES 23
Valued Contributor

Re: Discover Secured Card Graduated to Unsecured Card 7 months


@bee_81 wrote:

 Does anyone know what they go by to determine the amount of the CLI?


Congratulations!  What a nice surprise to see.....they are late sending the invite to the party it seems, always but yay! You're there.

 

I have no idea what they use to determine the credit limit after graduation.

Enjoy seeing that "secured" come off your reports!Smiley Wink

"LEAVE A MESSAGE AT THE BEEP"
Message 2 of 24
Community Leader
Senior Contributor

Re: Discover Secured Card Graduated to Unsecured Card 7 months

Congrats on your increase and graduation! 

AMEX Platinum, Gold, Reserve & SPG | PenFed PR VS | NFCU FS VS | Discover IT | Citibank DC WEMC l Capital One Venture VS | Nordstrom VS l Banana Republic LUXE V I Lowes I Macys I Wayfair I
Message 3 of 24
Super Contributor

Re: Discover Secured Card Graduated to Unsecured Card 7 months

 

Welcome To myFICO Forums and

 

 

Message 4 of 24
Valued Member

Re: Discover Secured Card Graduated to Unsecured Card 7 months


@bee_81 wrote:

Woke up this morning to my Discover secured card gradutaing after 7 months not 7 statements. I opened the account in 2/2019 with $300 the 6th statement cut on 9/27/2019 and today 9/30/2019 I logged into my Discover app and it says $1500 of $1500. I was hoping for $2000 like my husband got when his card graduated but I'm just happy its unsecured and the credit limit increased. I'm not sure what they go by to determine how much they'll increase it to. My 7th statement cuts on 10/27/2019. When I opened my account my FICOSCORE 8 was 583 and today my FICOSCORE 8 is 685. I still have not recieved an email that says I've graduated and I'll be recieving my deposit back, I guess that email is to follow. Does anyone know what they go by to determine the amount of the CLI?

 


 Congratulations!!!!  So proud of you and your amazing progress -- keep up the good work.  I'm sure your CL will increase in time (maybe even more than your husband's CL).  Anyway, these updates are always nice to read. Smiley Happy

700s club (again)!! New cards as of 7/19
rose-gold-carddelta-skymiles-gold1.v1537547435.pngamex-aspiremarriott-bonvoy-brilliantMsZeUu0neimanmarcus_cardart_flat.pngsaks-card-image0SKQMGF
AMEX PRG - NPSL ; AMEX Delta Gold $11,500; AMEX Delta Reserve $4,700; AMEX Hilton Aspire $4,000 (was an existing HH Diamond earned the hard way for many years); AMEX Bonvoy Brilliant $4,700; DiscoverIT Cashback $9,500; Neiman Marcus card $6,000 starting CL 8/2019; Saks 5th Avenue Store Card $2,250 starting CL 8/2019 & 9/2019 CLI to $6,000 (SP); Capital One Venture CL $9,500; Pre-Approved Capital One Auto Navigator at $30,000 top-tier Prime APR

Older existing cards: Capital Secured Platinum $1,302 (never graduated as C1 halted secured upgrades); US Bank secured $300 (never graduated to unsecured, but going to can before the annual fee).
Message 5 of 24
Valued Member

Re: Discover Secured Card Graduated to Unsecured Card 7 months

OOOH! CONGRATS! I am so excited for you!! Smiley Very Happy

I cannot wait for it to happen to my Discover. I want to graduate and be done with Secured cards, and be on the road to great credit scores and financial Zen.

 

I opened mine in March 2019 so perhaps I am next month? We shall see.

Cheers!

CLs:
Discover It (blue): $2000
Discover It (red): $1200
Shell Mastercard: $750
Message 6 of 24
New Member

Re: Discover Secured Card Graduated to Unsecured Card 7 months

Thank you so much I appreciate that and yes from what I’ve been reading they’re late sending that email. I wish I knew what criteria they use to determine your limit.
Message 7 of 24
New Member

Re: Discover Secured Card Graduated to Unsecured Card 7 months

Thank you and I was being impatient I was about to cancel the card 3 days earlier smh
Message 8 of 24
New Member

Re: Discover Secured Card Graduated to Unsecured Card 7 months

Thank you so much I’m always on here reading a lot and I said today is the day I’m joining lol
Message 9 of 24
New Member

Re: Discover Secured Card Graduated to Unsecured Card 7 months

Thank you so much I’m hoping I’m time it will. These forums have helped me so much!!
Message 10 of 24
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