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Discover Secured Graduation

Vmc726
Frequent Contributor

Discover Secured Graduation

As the title states, I finally graduated!

 

Here's how it all went down for DP's on those of you who may be searching for information on your Discover Secured journey.

 

April 2020:

Opened card with $300 limit. Scores in the low 600's. Chrome 1% CB and 2% CB restaurants and gas stations.

 

May 13, 2020 1st statement cut with $12 balance. $700 monthly spend.

 

June 13, 2020 2nd statement cut with $0 balance. $500 monthly spend. Updated security deposit to $700.

 

July 13, 2020 3rd statement cut with $0 balance. Increased security deposit to $2,500. $1200 monthly spend.

 

August 13, 2020 4th statement cut with $0 balance. $1,800 monthly spend.

 

September 13, 2020 5th statement cut with $0 balance. $2,200 monthly spend.

 

October 13, 2020 6th statement cut with $0 balance. $800 monthly spend.

 

November 13, 2020 7th statement cut with $0 balance. $1,100 monthly spend. PC'd card to NHL IT Card with 5% CB Rewards rotating categories.

 

December 13, 2020 8th statement cut with $171 balance. $2,200 monthly spend.

 

January 13, 2020 9th statement cut with $2,300 balance. $2,150 monthly spend. (I let this amount report because I heard they like something to report, and i had only ever let $12 and $171 report prior.)

 

January 15, 2020 late evening, received email saying Congratulations on responsible use, they are unsecuring my card and returning my $2,500 security deposit as well as increasing my credit line from $2,500 to $2,700.

 

January 22, 2020 received check in the mail.

 

My scores went from low 600's to mid 600's and they've remained stable for 3 months. So I am unsure why they didn't graduate me at 7 months with 13% overall usage across the board versus at 9 months with 17% usage across the board (almost 100% on their card). No new negative activity since account opening.

 

That's my journey. Good luck to all. I wasn't sure how long I'd have to wait. But.....as always, we don't know or understand Disco as much as we'd like to.




Banks & Credit Unions



myFICO 8 | 9 Scores 8/2021





Message 1 of 22
21 REPLIES 21
AllZero
Mega Contributor

Re: Discover Secured Graduation

Congratulations on your graduation and CLI!

Message 2 of 22
Getty59
Regular Contributor

Re: Discover Secured Graduation

Thanks for the DPs and congrats on your unsecured card!

NFCU More Rewards: $23,100

NFCU Cash Rewards: 25,000


Capital One Venture: $10,250
Message 3 of 22
Rebuild2019
Established Contributor

Re: Discover Secured Graduation

Congratulations @Vmc726 on your progress.

CARDS: Discover It | QuickSilver One | Kohl’s | BBT Spectrum Cash Rewards | BBT Bright | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | OverStock
Starting Scores 05/2019: EQ:519, EX:525, TU:574
Message 4 of 22
CreditMagic7
Super Contributor

Re: Discover Secured Graduation

Congratulations on your graduation

Message 5 of 22
cashorcharge
Valued Contributor

Re: Discover Secured Graduation

That's terrific!  Congratulations on your approval!! 🎉🥂

Message 6 of 22
Credit4Growth
Valued Contributor

Re: Discover Secured Graduation

😁 Thanks for the Dps! 

Congrats onto the graduation and CLI!

|| DTI 8% || Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 2 / 1) - 0/6 - 0/12 - 3/24 ||


Next App on the list is ???
Last apps: (2) August 18, 2019
Garden goal - Unknown date, 2021
Going for Sapphire spade - May 18th 2021

Dirty/ Thick/ Aged/
Message 7 of 22
JoeLuvsHisCredit
Valued Contributor

Re: Discover Secured Graduation

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Message 8 of 22
CreditAggie
Senior Contributor

Re: Discover Secured Graduation

Congratulations on your Discover graduation and CLI!

 

Thank you for sharing your journey with us!

Current Cards (in order of approval):


Current FICO 8 | 9:

Credit Age:

Inquiries (24 month):

Banks & CUs:

Goal Cards:



Currently: 2/6, 2/12, 5/24
Message 9 of 22
M_Smart007
Epic Contributor

Re: Discover Secured Graduation

Congratulations!

Message 10 of 22
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