Discover IT gradutates with no CLI

[Shellie]

Is this common?  It's the hubs card.  We opened it with the $200 secured deposit.  Just got the email that it has graduated and the $200 deposit is being returned.  There was no CLI Is that common?  Can we expect a CLI in the coming months?  We attempted a CLI request but was declined.  Any advice?

He started with no credit, couldn't even pull a report on him.  Got the Discover IT in April 2018 with $200 secured deposit, Victoria Secret via "shopping cart trick" $250 in Oct 2018 and a $2000 personal loan in Sept 2018.  He got the $2000 personal loan and opened a checking account and deposited the $2000 directly in to the new account and set up automatic payments.  So the loan is paying itself.  We are planning on applying for a mortgage in April.  We got a couple things in Oct to help build his credit over the 6 months.  We will not apply for anything else between now (Oct) and the mortgage application.

[FinStar]

Unfortunately, a CLI is not always guaranteed with any secured CC graduation OP.

On the upside, the CC has graduated which paves the road for future growth as long as the account is managed properly. Have you

Since this is a fairly new journey for your husband, the only thing that I would recommend as far as Discover is continue to use the card, never be late, and periodically check to see if the account is eligible for a CLI. These requests are typically SP. What are your husband's current FICO scores?

Since you mentioned that a mortgage is on the horizon, definitely withhold any CC or other applications for credit until the mortgage has closed/funded.

[RonM21]

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@FinStar wrote:
Unfortunately, a CLI is not always guaranteed with any secured CC graduation OP.

On the upside, the CC has graduated which paves the road for future growth as long as the account is managed properly. Have you

Since this is a fairly new journey for your husband, the only thing that I would recommend as far as Discover is continue to use the card, never be late, and periodically check to see if the account is eligible for a CLI. These requests are typically SP. What are your husband's current FICO scores?

Since you mentioned that a mortgage is on the horizon, definitely withhold any CC or other applications for credit until the mortgage has closed/funded.

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So true.  Now this card will be able to grow as long as yo follow the above.  You can get most of your increases by SP with them and if you handle the card correctly, you can build it up fairly quicky.  The immediate denial on this CLI request could just be due to the freshness of his profile and the card just graduating.  In due time, the increases should come.

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[Shadowfactor]

Hopefully you’re not in the same boat as me.

$200 secured Discover
My discover graduated at 7 statements with no CLI despite having a 670 Fico score and 3+ tradelines with prime lenders with 3-5K CL.

Ive never been granted a manual CLI despite asking for one for the past 8 ish months.

Auto CLI of $400 at statement 11
Auto CLI to $1600 last month 16th statement I think.

I maxed the card out every month except one and PIF. Still hardly any increases.

I’m just not what discover is looking for, which in all honestly is completely okay as I’m past CB match and they have nerfed all the good benefits.
Since it’s my oldest account and has no AF it will remain open but won’t be seeing any use from now on.

[Shellie]

I have the FICO from Discover and it says 614 as of 11/19/18.  It says the factors hurting his credit are "presence of serious delinquency" and "too many accounts with missed payments".  We closed his Verizon account in 11/2016 and thought everything was paid.  They sent him to collections for $90.  We moved and the bill didn't reach us, even with a change of address.  When we closed it we made sure the bill was paid in full and he was long out of contract so I'm assuming the bill was for use that hadn't been billed at the time of the account closure.  It has since been paid but Verizon being Verizon won't budge in our favor.  That is the one and only thing negative on his credit.  The account was closed, by us, 11/2016 but shows as closed 05/31/2017 on CK and the payment was made to the account 08/15/2018.  So since there was activity on the account 2018 I'm sure that reset the clock and it will be on there for another 7 years.

CK shows TU at 641 and EQ at 640.  I know CK is a "FAKO" but it comes in handy in it's own way, I suppose.  

When we first started the mortgage process back in July/August and they pulled his credit to see what we were looking at they had him at 639 but I don't know what bureau it was with.

I think that covers all the info/questions.

ETA: as for his Discover card he uses the full amount several times per month and makes several payments.  He never has a balance above 10-20-% when his statement generates.  He monitors it every few days to make sure it's in good standing.  He knows and understands that this cards (and all the other things mentioned in the original post) purpose is to build credit  He stays on top of it.

[Shellie]

Bumping for hopefully more help.  We tried again just to see what happened and still no CLI.  

[FinStar]

I believe that the only thing that would be reasonable is time OP. There's no rhyme or reason with Discover.

My suggestion is to keep using the account, establish a good payment history and try the CLI in a few months. Do not get discouraged since countless individuals go without a CLI the 1st year.

Since the Verizon item is reflecting on the CRs, then time is your hubby's best friend for now.