No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Anyone know the criteria they judge unsecuring it on? I have the $200 secured, use it throughout the month, usually getting close to 200 but never actually carry a balance. Always pay in ful a week before my statement cuts, then just wait for my new cycle to begin. Will my high utilization (even though it shows as 0 on my bill) hurt my unsecuring chances?
Discover provides a FICO 8 score for you. I would think you would be receiving it by now if you are nearing your 4th statement. I received my FiCO 8 score within a month or so of my first Discover statement.
@Anonymous wrote:I'm about to get my fourth statement cut in another week. This is my only card and I'm keeping around 5-25% utilization (Out of $600) at all times. (I've made a handful of mid-month payments to do so.)
I don't even have my FICO score yet, only a couple FAKO's.
Not sure how this compares to others' situations who have graduated before 12 months.
@djgrolyo wrote:
Can anyone answer this. My 7th cuts on Dec 4, but I only have 5 statements so far because 2 of the months I didn't have any transactions. I wonder if they need 7 statements or if it is month 7. **bleep**-I was all excited :/
I'm sorry. Maybe I misspoke when I said 7th statement, maybe it is 7th month and not statement. Hopefully, someone can clarify.
I got mine 2-16 as well. I spend alot more on it and hope they graduate it soon but no big deal if they don't. Congrats on the early graduation though!
@mysterythemoon wrote:Anyone know the criteria they judge unsecuring it on? I have the $200 secured, use it throughout the month, usually getting close to 200 but never actually carry a balance. Always pay in ful a week before my statement cuts, then just wait for my new cycle to begin. Will my high utilization (even though it shows as 0 on my bill) hurt my unsecuring chances?
That's the big question ... and with Discover I would guess there is seemingly (to us) no rhyme or reason to it.
I do the same thing ... though I have had balances reported on my statements, they're always paid in full before the due date. And I have the $200 card too. Saw no reason to increase the limit with added cash. My Cap One card has grown nicely allowing me to baby the Discover Card.
@Anonymous wrote:Discover provides a FICO 8 score for you. I would think you would be receiving it by now if you are nearing your 4th statement. I received my FiCO 8 score within a month or so of my first Discover statement.
@Anonymous wrote:I'm about to get my fourth statement cut in another week. This is my only card and I'm keeping around 5-25% utilization (Out of $600) at all times. (I've made a handful of mid-month payments to do so.)
I don't even have my FICO score yet, only a couple FAKO's.
Not sure how this compares to others' situations who have graduated before 12 months.
But did you have any history prior to Discover? This is my first and only card; never been an AU or had loans.
@Anonymous wrote:
@Anonymous wrote:Discover provides a FICO 8 score for you. I would think you would be receiving it by now if you are nearing your 4th statement. I received my FiCO 8 score within a month or so of my first Discover statement.
@Anonymous wrote:I'm about to get my fourth statement cut in another week. This is my only card and I'm keeping around 5-25% utilization (Out of $600) at all times. (I've made a handful of mid-month payments to do so.)
I don't even have my FICO score yet, only a couple FAKO's.
Not sure how this compares to others' situations who have graduated before 12 months.
But did you have any history prior to Discover? This is my first and only card; never been an AU or had loans.
Ok. Got it. Misunderstood when you said this was your only card. You are building your credit, not rebuilding. Then maybe you will have a FICO score in a few more months. You may be able to find threads on the topic of when your FICO 8 score will generate in the understanding my fico score subforum of this board.
To be honest, I am not sure how Discover will view this when graduating the card. But, if you generate a score soon, maybe it will not be an issue.
Just wanted to mention (if it hasnt already been mentioned)...mine graduated early too.
For those unsecuring early, ask the rep if there are any other offers in your profile. I got on chat tonight and to make sure I understood what happens after it changes to unsecured. Specifically, the interest rate. The rep checked and said they had an offer for 0% for 12 months starting tomorrow and will expire on 01/11/2018.
Glad it graduated, but the only draw back was that I planned to add a little more to the security deposit (based on being told the original graduation date was "potentionally" after the one year anniversary) I was banking on having a few more months to be able to do that.
Suggestions?