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My 8th statement just posted yesterday. I increased my security deposit from $300 to $700 last month, so I am sitting here with my fingers crossed! I did see that Discover did a soft pull on Experian last month 3 days after my statement, which I assume has to do with the review for unsecuring the account. Hopefully, my larger security deposit and $2,000 of spend this month will convince them it's time!
Good luck! My 7th statement cut at the beginning of the month but my card stayed secured. Hopefully soon.
I've lost track. I'm on month 17 or something.
Just chiming in here with a few thoughts.
So clearly we have cardholders who have graduated to unsecured sometimes even before the posted company policy time frame (8 months), and then a few customers who have gone even a year or two without any progress.
2 questions then having said that: Does anyone know how computer automated Discover actually is with regards to this topic (along with CLI)? And, are the cardholders still waiting on graduation taking into consideration other factors (unrelated to the Discover card) on their overall credit profile that may be contributing to the unsecured delay?
Thanks!
@Anonymous wrote:Just chiming in here with a few thoughts.
So clearly we have cardholders who have graduated to unsecured sometimes even before the posted company policy time frame (8 months), and then a few customers who have gone even a year or two without any progress.
2 questions then having said that: Does anyone know how computer automated Discover actually is with regards to this topic (along with CLI)? And, are the cardholders still waiting on graduation taking into consideration other factors (unrelated to the Discover card) on their overall credit profile that may be contributing to the unsecured delay?
Thanks!
I am fairly certain that the process is very automated and data-driven. I chatted with a rep the other day who said the entire process is electronic. The graduations happening exactly three days after the statement cutting would also seem to back up this claim. In addition, I notced a soft pull on Experian from Discover exactly three days after my 7th statement cut. My 8th statement cut on the 24th, but I have not yet seen another soft pull from Discover on Experian yet. I am waiting for a dispute to finish on TransUnion right now so I can also look at the historical soft pull data from Discover on there.
@Anonymous wrote:
My 7th statement was on the 24th and today the 28th I logged in to see my SL is now $2000. I’ve been lurking in this forum for awhile and didn’t know what side of the coin I would fall on
If you get a chance, could you check to see if they soft pulled your reports and on what dates in relation to your statements posting and graduation? We are trying to pin down how automated this process is at the moment and what bureas they are checking for the graduation along with any spending/payment data. Any additional info you can provide would be extremely helpful! Thanks!