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
@Anonymouswrote:
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!
Happy graduation