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Discover Secured Graduation?

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Frequent Contributor

Re: Discover graduation! Steps I took


@recoveringfrombk7 wrote:

Graduated today after the 14th statement.  No CLI, tried to request one and was denied (slightly odd given the spend I put through it, but does not really matter since I have the 14.5k card from them).

 

You nailed it @joltdude - waiting until either account has a CLI so I can merge them.  Thanks again for your advice!


Congratulations!!! I know you had been getting a little impatient with them, so I am glad it finally graduated for you. If I were you, I would probably combine them into the new card. I would want to get rid of whatever bucketing was going on with the first one, IMO. Luckily, you'd only be losing 14 months of history. Or you could just sock drawer it and by a cup of coffee every six months.

Message 311 of 402
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Frequent Contributor

Re: Discover graduation! Steps I took


@RehabbingANDBlabbing wrote:

@recoveringfrombk7 wrote:

Graduated today after the 14th statement.  No CLI, tried to request one and was denied (slightly odd given the spend I put through it, but does not really matter since I have the 14.5k card from them).

 

You nailed it @joltdude - waiting until either account has a CLI so I can merge them.  Thanks again for your advice!


Congratulations!!! I know you had been getting a little impatient with them, so I am glad it finally graduated for you. If I were you, I would probably combine them into the new card. I would want to get rid of whatever bucketing was going on with the first one, IMO. Luckily, you'd only be losing 14 months of history. Or you could just sock drawer it and by a cup of coffee every six months.


Only frustrated because they gave me 14.5k unsecured and then weren't graduating me.

 

I think I'm going to keep it as an extra card for the next year since it's one of my oldest post-BK cards.  I'll be applying for an auto loan in feb 2021.  After that I'll merge the two.  Just happy to get my $ back and not have to deal with closing it and waiting so long for the refund.







Message 312 of 402
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Contributor

Re: Discover graduation! Steps I took


@recoveringfrombk7 wrote:

Graduated today after the 14th statement.  No CLI, tried to request one and was denied (slightly odd given the spend I put through it, but does not really matter since I have the 14.5k card from them).

 

You nailed it @joltdude - waiting until either account has a CLI so I can merge them.  Thanks again for your advice!


Congrats! I have been wondering if my bk is what's keeping me from graduating so this gives me hope. But my 15th statement cut a few days ago and still no graduation. 



NFCU Cash Rewards $18,500
NFCU More Rewards Amex $6,000
Merrick DYL $1,400
Discover Secured $200
NFCU CLOC $500
Message 313 of 402
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New Contributor

Re: Discover graduation! Steps I took

Panda,

 

If you don't mind me asking, do you have any late payments or returned payments? 

April 2019 (4 collections)
EQ - 563
TU - 586
EX - 578


March 2020 (0 collections)
EQ - 605
TU - 672
EX - 671
Message 314 of 402
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Contributor

Re: Discover graduation! Steps I took

 


@T_Lab_89 wrote:

Panda,

 

If you don't mind me asking, do you have any late payments or returned payments? 


No I don't have any late or returned payments. I have a $200 limit and used it pretty heavily in the beginning, my 2019 summary says I spent over $4k last year. But the past few months it's pretty much been SD'd. Also my score has gone up.. my TU was 563 at account opening and currently at around 650. I checked their prequal but no offers there either. Smiley Sad



NFCU Cash Rewards $18,500
NFCU More Rewards Amex $6,000
Merrick DYL $1,400
Discover Secured $200
NFCU CLOC $500
Message 315 of 402
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Community Leader
Senior Contributor

Re: Discover graduation! Steps I took

@Panda800

Again YCMV.. but there was a time in the past that Miss Disco liked roughly 2 years from BK for an approval.... wondering if this might be somewhat related to why your not seeing any CLIs...... and if you go overlimit, late pay, etc, it does seem to take at least 6 mo to recover from it... Know it sucks to wait another year.. id keep hitting the prequals periodically... also sign up to discovers credit scorecard... (not the one in your account.. the separate website) Having them being able to see a FICO score from a second CRA.. might get that moving too since they will hit you every month with an additional SP... 

-J

 

Message 316 of 402
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Frequent Contributor

Discover secure card grads reunion

I'm interested in finding out about your CLI experience after your graduation. I'm not just referring to the CLI that you got with your graduation. If you could, please also include the following:

 

Secured CL: $200

CL at graduation: $2,000

Card open date: 01/2018

Card graduation date: 08/2018

Post-gradutate CLI info:

12/2018 CLI of $500

03/2019 CLI of $1,500

06/2019 CLI of $750

 

It would be nice to know your scores when you got your card and after graduation, and whether you got another Discover card after grad.

Message 317 of 402
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Valued Contributor

Re: Discover secure card grads reunion

Congratulations on your success!





My Cards:






Profile Type: New, Thin, 100% Clean
INQ's: EQ: 0 TU: 1 EX: 3 (last 12 mo.)
Recent Accounts: 4 (last 24 mo.)
Total CL: 28.95k Util. 1% AAoA: 1yr, 11mo.
AoOA: 2 yrs, 8 mo. AoYA: 0 mo. 100% PIF.





myFICO Member since: July 21, 2018 | Joined Community: Aug. 17, 2018 | Starting Scores: EQ: 716 TU: 738 EX: 698
Message 318 of 402
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New Member

Re: Discover secure card grads reunion

Secured credit line $200 3/19

Grad. New limit $2,000 10/19

No cli since then. I  try once a month  for a cli no luck so far.

Message 319 of 402
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Community Leader
Super Contributor

Re: Discover secure card grads reunion

Secured: 500

Graduation: 750

No increases or second card.







Message 320 of 402
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