cancel
Showing results for 
Search instead for 
Did you mean: 

Discover Secured Graduation?

Estimate your FICO® Score range for free

FICO® Score Estimator

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Member

Re: Discover Secured Graduation?

My 7th statement will come on June 19th....hoping to hear good news! Reading this has me nervous on if it will graduate on time or put me in the holding pattern when its uncertain to graduate.

Starting Score: EX 515 EQ 514 TU 517
Current Score: EX 605 EQ 606
TU 604

Goal Score:730


Take the myFICO Fitness Challenge

Message 101 of 152
Community Leader
Super Contributor

Re: Discover Secured Graduation?


@tyblaze1987 wrote:

My 7th statement will come on June 19th....hoping to hear good news! Reading this has me nervous on if it will graduate on time or put me in the holding pattern when its uncertain to graduate.


If you've had no payment issues, no going over the limit and your utilization is in check, you should not worry about the graduating process. 

Most cards that did not graduate had at least one of the issues listed above. 

EX 754 EQ 773 TU 752
Message 102 of 152
Member

Re: Discover Secured Graduation?

I think that Capital One is going to hurt me with the overall utilization due to a chargeoff last year. Trying to get it paid off so that it lowers my usage all together before the 19th. For the two cards that are active, one normally is at 0 and the other charged like $5 to carry a balance so that I show usage. I think that's why I'm so nervous about it. 

Starting Score: EX 515 EQ 514 TU 517
Current Score: EX 605 EQ 606
TU 604

Goal Score:730


Take the myFICO Fitness Challenge

Message 103 of 152
New Contributor

Re: Discover Secured Graduation?

My 7th statement cut on the 5th and I did NOT graduate. Smiley Sad. Never had payment problems and I always PIF. I am guessing it's because a few months ago I accidentally went over my limit by using gas at the pump , easy to do since only $200 limit. I immediately paid it but I guess damage was already done.
10/12/18: Discharged from BK7
10/15/18: EX 541 | TU 490 | EQ 555
6/7/19: EX 625 | TU 624 | EQ 655

Message 104 of 152
Community Leader
Senior Contributor

Re: Discover Secured Graduation?

@720Dreamer Your in Miss Disco's doghouse... I wouldnt expect a graduation for at least 3 more months to more likely 6+... Sorry about that...

-J

Message 105 of 152
Contributor

Re: Discover Secured Graduation?

Statement #14 cuts today with no sign of graduating yet. Never late, over the limit, etc. In that time my navy card graduated in 5mo and they also issued a 15k Amex. I do have a bk on file tho so maybe that’s the holdup. Discover wasn’t IIB, in fact I had a good standing account with them several years ago and I later closed it. Funny thing is I’m pre-approved for the unsecured chrome, IT and miles @ 20.24%. Not too worried about it just find the automated decision process somewhat peculiar
Message 106 of 152
Regular Contributor

Re: Discover Secured Graduation?

My secured graduated yesterday (6/10/19) morning, after 7 statements + 3 days. Got the congratulations email last night.
Opened November 2018 with $200 limit.
Added to the limit +$200, total of $400.
Graduated with a $1600 credit limit increase. Limit now $2000
I used the heck out of my card, making multiple payments a month. Only carried a small ($20) balance twice, paid it right after statement cut.
I did NOT use the card in between payment due date and statement date.

Have a chapter 7 bk that was DCd in October 2018. No collections. 13 lates on student loans showing 90-120 from 2013-2014, and 3 showing in 2017.
Scores and cards in my siggy.
Chapter 7 DC 10/23/18
Starting FICO 8 11/22/18

Current FICO 8 08/18/19

GOAL 680 by 12/19
Current FICO 9 07/28/19

Student loans and car payments reporting positive

Message 107 of 152
New Member

Re: Discover Secured Graduation?

had my $2500 secured for 2.5 years and never graduated. would put ~5k a month on the card, paying every couple days, never any payment issues. cancelled the card and prequalified for unsecured $5000 a week later. very frustrating.

Message 108 of 152
New Contributor

Re: Discover Secured Graduation?

@jtc-137 I have a Bk as well, but then I see others have graduated with a bk. Not sure what disco's hang up is. But, I am just going to keep trucking along and hope I have better luck with nfcu.
10/12/18: Discharged from BK7
10/15/18: EX 541 | TU 490 | EQ 555
6/7/19: EX 625 | TU 624 | EQ 655

Message 109 of 152
Community Leader
Super Contributor

Re: Discover Secured Graduation?


@720Dreamer wrote:
@jtc-137 I have a Bk as well, but then I see others have graduated with a bk. Not sure what disco's hang up is. But, I am just going to keep trucking along and hope I have better luck with nfcu.

The hang up in your case is going over the limit. I get the part where you paid it, but over the limit is still a no no with secured card. Basically, you went over your security deposit, even if it was just for a day or so. 

 

You'd be better off if transaction was declined. 

 

You will graduate eventually.

EX 754 EQ 773 TU 752
Message 110 of 152
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.