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Discover IT unsecured!!!!!

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Member

Discover IT unsecured!!!!!

Hi all! Happy to report that my discover it secure card graduated to unsecured!!! I opened this card with a $300 deposit in 09/2017. My 7th statement cut on Friday 4/13/18. I’ve been reading these boards like crazy in anticipation of it graduating and to my surprise it did on today 4/16 (just as most of you guys said it would lol.) I checked my account this morning and saw my credit limit is now $2000. That’s a $1700 increase!!!! Just some stats: my scores are pretty much the same as in my signature ( I have 2 open baddies that will fall off next year). I have paid my balance down to $0, 6 out of the 7 months I’ve had it. I probably ran $400-$500 through this card each month (making a payment each time a transaction posts.) Hope this info helps someone out there. And thanks for all of your advice!
4/2017 FICO 8 EQ 545 TU 559 EX 542
9/2017 FICO 8 EQ 613 TU 636 EX 604
10/2017 FICO 8 EQ 619 TU 637 EX 623
11/2017 FICO 8 EQ 624 TU 646 EX 629
Message 1 of 17
16 REPLIES
Established Contributor

Re: Discover IT unsecured!!!!!

Congratulations on the card becoming unsecured.

  
Fico Scores 845 +/- (3) . . AAoA = 8 yrs . . Oldest Account = 22 yrs . . Debt-to-Income (Zero) . . * Credit Limits Capped *
Message 2 of 17
Valued Member

Re: Discover IT unsecured!!!!!

Very nice! I dropped a thread over in Credit Card Approvals earlier today with much the same story. I had a $200 SL that got upped to $2000 just like yours when I graduated today. Disco seems to be feeling generous Smiley Happy

Amex Everyday $6000 | Amex Blue Cash Everyday $1600 | Amex Delta Gold $1000 | BBVA Compass Clearpoints $4200 | Discover It $2000 | Amazon Store Card $3000
Message 3 of 17
Regular Contributor

Re: Discover IT unsecured!!!!!

Congrats, impressive CLI to boot! 


Current Scores 4/18: EQ8 645/EQ9 686/TU 664/EX 682
Starting Scores 10/17: EQ 590 /TU 592/EX 560
AAoA: 3y6mo
Message 4 of 17
Valued Contributor

Re: Discover IT unsecured!!!!!

Congratulations on the card unsecuring and a nice CLI!

Gardening until...



Message 5 of 17
New Member

Re: Discover IT unsecured!!!!!

Very nice. I'm a huge fan of my Discover It card.

Message 6 of 17
Valued Contributor

Re: Discover IT unsecured!!!!!

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 7 of 17
Regular Contributor

Re: Discover IT unsecured!!!!!

Wonderful!  So nice to get a reward for patience and persistance, thank you for sharing :-)

Equifax: 690, TransUnion: 700, Experian: 662
PenFed CLOC: $500
Message 8 of 17
Frequent Contributor

Re: Discover IT unsecured!!!!!

Congratulations on unsecuring on time!

How long does it take for Discover to update the CRAs with the new higher credit limit after unsecuring? Do they do so immediately with the balance from the last statement or is there a delay?

Curious as my 7th statement cuts next month and assuming I graduate on time, I wanted to finally pick up a 3rd card and having a higher limit on my reports helps with SL. So I was wondering how long I needed to wait.
9/2017 FICO8: EQ:585, TU:549, EX:580 | No opened accounts | 1 unpaid CO, 1 paid CO + related Col | several lates 2.5+ yrs ago
Current FICO8: EQ:703, TU:671, EX:671 | CC Util 2% | 2 paid CO + 1 related Col (deleted on EQ) | 3x 30 day lates 3-6yrs ago
AAoA: 10 to 11 years; Opened Acc Only: 8 months
Credit Length: 20 years
INQ (Eq/Tu/Ex): 2 / 4 (4 for auto) / 6 (5 for auto)
In 5 months, all serious derogatories fall off.
Message 9 of 17
Member

Re: Discover IT unsecured!!!!!

My Equifax updated today showing $0 balance of $300. So I’m guessing it won’t update until next month....
4/2017 FICO 8 EQ 545 TU 559 EX 542
9/2017 FICO 8 EQ 613 TU 636 EX 604
10/2017 FICO 8 EQ 619 TU 637 EX 623
11/2017 FICO 8 EQ 624 TU 646 EX 629
Message 10 of 17