Discover Card and US Bank Both Secured

[CostantinoA]

My Discover Card and my US Bank card are both secured and they are about to hit the one year mark in a few weeks.  What experiences do others have with their cards unsecuring?  I would like to get my 1800 back between both of these cards.

[CountryLivin]

My discover It card graduated at the one year and 2 weeks mark. I didn't have to do anything...I got an email saying I would be getting my deposit back in 7-10 business days.

[Anonymous]

Nice. Did they give CLI as well? How long before you received your first CLI?

[CountryLivin]

My Security deposit was $200, and I got a $500 CLI. So I am now at $700.

[RonM21]

You can also try calling, as well as searching the threads for any related success. After a year, I would think it is possible, but they may look at your overall picture too.

[CostantinoA]

Which credit report does Discover check?

[Anonymous]

When I was reading up on US Bank secured, I read they don't automatically graduate and that you have to request graduation.

[14Fiesta]

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@Anonymous wrote:
When I was reading up on US Bank secured, I read they don't automatically graduate and that you have to request graduation.

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This is correct. And to be considered for an un-secure, you must have no late payments, and not have gone over the credit limit on your US Bank card within the last 6 months.

[CostantinoA]

They consider it at 1 year or longer ? Today is my one year. I have never charged more than 20% of the limit and have never been late in the year. If they make it a regular card, do they just refund the deposit and leave the limit the same or do they increase it? My scores have gone up across the board 100 points since I obtained this card.

[itgirl74]

I unsecured my US Bank card a few months ago. I'd had my card 2 years and, like you, my score had gone up by at least 100 points since obtaining the card and I never had late payments or went over the limit. I also had obtained serveral unsecured cards with good limits, all with perfect payment history. This was my experience:

- They did a hard pull of my credit just to see if I qualified.

- I qualified and was automaticlally sent the platinum Visa, which has no rewards.

- I had to call and request a CLI after getting the new card. They told me if would be another HP, but one never showed up on my credit report.

- I was denied the CLI and am stuck with a measly $500 limit.

I'm not really sure why I'm holding onto this card except for the fact that it's my oldest and it's not doing any harm. One day I may try to PC it to to the Cash+ card, but that will be another HP, and I'm not willing to pay that price just yet.