cancel
Showing results for 
Search instead for 
Did you mean: 

Discover it graduation!!! Must read

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
New Member

Discover it graduation!!! Must read

I honestly did not think I would graduate at my 7-month mark. Here is why

Here is a quick run down.
-Opened discover it secured August of 2017 with a security deposit of $200(score somewhere around the high 500s)
-At the time I only had an installment loan for my car with two collections totaling somewhere around $1,500 and zero late payments
-I usually payed the minimum monthly amount but I always payed card down to a few dollars before statement cut off which had my utilization around 10 to 15%(I also have carried a high balance a month or two)
-around the 5-month mark my credit score was around the a 650 range (fico) 670(Credit Karma)

-March 17th 2018( my 7th statement month) NOTHING HAPPENED! called discover and they said that they couldn't see that I graduated but it could happen within the next few days.

Wednesday March 21st I wake up and check my Discover account and my account was increased to $1,800! The kicker is for the last couple of days my FICO score has been pulling at around 620 across the board with 12 hard inquiries!

I would also like to note last month I was approved for a Capital One Quicksilver one card in the amount of $300 (I haven't received my first statement or bill yet)

So even though I didn't have the ideal credit profile I still graduated!

15 REPLIES 15
Highlighted
New Contributor

Re: Discover it graduation!!! Must read

Congratulations! And thanks for the stats. My Discover secured card was opened last July. My statement cut on the 17th like yours but discover has yet to unsecure my card. I've decided to sock drawer it and work on lowering the balances on my other cards. 

Starting Score: 550
Current Score: 646
Goal Score: 700
Message 2 of 16
Highlighted

Re: Discover it graduation!!! Must read

Congratulations!
Fish don't fry in the kitchen. Beans don't burn on the grill. Took a whole lotta trryin', justa get up that hill.
Message 3 of 16
Highlighted
Valued Contributor

Re: Discover it graduation!!! Must read

Congrats!!



FICO 8 Scores EQ 704 / Goal 750, EX 706 / Goal 750, TU 724 / Goal 750

FICO 9 Scores EQ 726 / Goal 750, EX 683 / Goal 750, TU 726 / Goal 750
Message 4 of 16
Highlighted
Established Member

Re: Discover it graduation!!! Must read

Congrats! I'm at the 7-month mark with my Discover secured. Maybe I should give them a call to see what's up.  I've also applied for the Quicksilver One card before graduation and was approved for a $3500 limit, approved for an AMEX PRG, and approved for a JetBlue for Mastercard. Discover is the only one that is lagging behind. 

Message 5 of 16
Highlighted
Moderator

Re: Discover it graduation!!! Must read


@Tommyleg3ndwrote:
I honestly did not think I would graduate at my 7-month mark. Here is why

Here is a quick run down.
-Opened discover it secured August of 2017 with a security deposit of $200(score somewhere around the high 500s)
-At the time I only had an installment loan for my car with two collections totaling somewhere around $1,500 and zero late payments
-I usually payed the minimum monthly amount but I always payed card down to a few dollars before statement cut off which had my utilization around 10 to 15%(I also have carried a high balance a month or two)
-around the 5-month mark my credit score was around the a 650 range (fico) 670(Credit Karma)

-March 17th 2018( my 7th statement month) NOTHING HAPPENED! called discover and they said that they couldn't see that I graduated but it could happen within the next few days.

Wednesday March 21st I wake up and check my Discover account and my account was increased to $1,800! The kicker is for the last couple of days my FICO score has been pulling at around 620 across the board with 12 hard inquiries!

I would also like to note last month I was approved for a Capital One Quicksilver one card in the amount of $300 (I haven't received my first statement or bill yet)

So even though I didn't have the ideal credit profile I still graduated!


Congrats on the graduation and the nice CLI!  screamer.gif

Message 6 of 16
Highlighted
Community Leader
Mega Contributor

Re: Discover it graduation!!! Must read

Happy graduationSmiley Happy
Message 7 of 16
Highlighted
Frequent Contributor

Re: Discover it graduation!!! Must read

That’s awesome! Congrats!
Current Fico 8 Scores:

Credit Goal:

Gardening until 2021

Current Cards:


Wish List:



Message 8 of 16
Highlighted
Valued Member

Re: Discover it graduation!!! Must read

Congrats!!! After reading this, I checked my secured card to see if my balance was still the $200 secured credit I put in. I now see $2,000!!!! Super excited that my card finally graduated after 14 months!
Message 9 of 16
Highlighted
Established Contributor

Re: Discover it graduation!!! Must read

Congrats on the graduations!



[Penfed Platinum Rewards 10k][TD Ameritrade-2k][BOA Cash Rewards 22k][NFCU cashRewards 33k][TDcash 5k][IHG 14.2k][BOA 15.8k][Amazon Prime Store 10k][Amazon PrimeVS 500][Amex BCE 6k][WellsFargo CashWise 14k][PNC Core 19.5k][WalmartMC 11k][SearsMC 15k][Lowes 35k][Toyota 18k][Capital One 5250][BP 10k][Home Depot 24.2k][Chase FU 6.6k][Discover 22.5k]
- [BOA CR $12.5k][Amex SC+ $13.5k][Amex B4B $35k][Chase Ink $45k][PNC $26.5k]
Message 10 of 16
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.