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Discover Secured Graduation?

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Regular Contributor

Re: Discover Secured Graduation?

Crossing fingers as my 7th statement cuts on the 4th. Fico will be 700ish but inquiries and new accounts are killing me. Will see soon
Fico 8 Exp 598 Transunion 598 Equifax 596 (7/18/18)
FICO 8 Exp 609 TransUnion 622 Equifax 617 (8/10/18)
FICO 8 Exp 643 Equifax 641 Transunion 655 (9-10-18)
FICO 8 exp 630 Transunion 646 Equifax 627
Fico 8 Exp 646 Transunion 639 Equifax 640 (11/1/18)
Fico 8 Exp 698 Transunion 716 Equifax 690 (1/8/19)
Message 41 of 152
Community Leader
Senior Contributor

Re: Discover Secured Graduation?

Id also like to see a secondary set of datapoints... Who, on graduation got a CLI.. (dont care of the amount) and what your TU score was..

And also Who, on graduation, did NOT get a CLI, and what their TU FICO was ...

 

Thinking there may have been a policy change.. 

-J

 

Message 42 of 152

Re: Discover Secured Graduation?


@joltdude wrote:

Id also like to see a secondary set of datapoints... Who, on graduation got a CLI.. (dont care of the amount) and what your TU score was..

And also Who, on graduation, did NOT get a CLI, and what their TU FICO was ...

 

Thinking there may have been a policy change.. 

-J

 


Those are some excellent questions. I have seen a few members reporting a CLI at graduation to $2k from various smaller deposit limits.

Maybe I will start a master thread for Discover secured graduations? I can come up with a template of data points for everyone to share. How do these questions look? Are there any I should add?

 

Initial CL At Account Opening?

FICO & Bureau Pulled At Approval?

Baddies Reporting At Approval?

Did You Add Additional Funds To CL, & If So, When?

Did You Notice Any Soft Pulls On Any CR Before Graduation?

Did Any Baddies Age Off or Get Deleted?

What Were Your Spending & Payments Habits?

Did You Have Any Missed, Late, or Returned Payments?

Did You Get A CLI At Graduation, & If So, How Much?

How Many Months Did It Take For Graduation (Provide Dates)?

Discover It $2k // Target Red Card - $700 // Synchrony Home - $2,500 // Merrick $700 // Legacy Visa $750
TU FICO: 658 (2 derogs remaining) EX FICO: 620 (6 derogs remaining) EQ FICO: 610 (6 derogs remaining)
The FCRA and FDCPA are laws, whether the creditors and debt collectors like it or not. Inaccurate information is ILLEGAL and banks ARE NOT REQUIRED to report anything (unless it's a correction to INACCURATE information).
Message 43 of 152
Regular Contributor

Re: Discover Secured Graduation?

Got played by discover when I clicked the CLI button and it asked me to verify my device. Got excited then it went back to the standard gotta give more to get more line. Payment due on 1st with statement cut on 5th. Will see. Dang anxiety and the new Fico update to 716 got me going. Lol
Fico 8 Exp 598 Transunion 598 Equifax 596 (7/18/18)
FICO 8 Exp 609 TransUnion 622 Equifax 617 (8/10/18)
FICO 8 Exp 643 Equifax 641 Transunion 655 (9-10-18)
FICO 8 exp 630 Transunion 646 Equifax 627
Fico 8 Exp 646 Transunion 639 Equifax 640 (11/1/18)
Fico 8 Exp 698 Transunion 716 Equifax 690 (1/8/19)
Message 44 of 152
Frequent Contributor

Re: Discover Secured Graduation?

Semi update:

Discover card TU score dropped by 17 points, now I am at 611 due to my overall UTL.

-Paid $200 to lower UTL.
-Current balance is $70
-Overall UTL is pretty high 70% so I am not expecting my card to graduate this month
-2 lates that are almost a year old
-No collections
-2 new accounts that pulled EQ in the beginning of December.

Today my 7th statement cuts. I’ll update in a few days. Good luck everyone.
Sept 18: EQ: 578 TU: 583 EX: 576
March 19’: EQ: 615 TU: 642 EX: 637

June: EQ8: 637 ^26 TU8: 645 ^7 EX8: 642 ^0

Goal by Sept 20’ EQ: 700 TU: 700 EX:700

AA: 7YRS AAOA: 2YR 3MONTHS
Inquiries in 12 months: EQ: 4 TU: 1 EX: 2
New Accounts in the last 8 months: 0


CLOSED: Self Lender 12Month CD: June 20th 19’





Main Short Term Goal: Auto Lease 2020 Jeep MOAB with 700 scores across the board.
Message 45 of 152
Established Contributor

Re: Discover Secured Graduation?

I'm going to add myself to this thread.
My Disco isn't set to graduate for awhile. But, it seems like tracking data points on the way to graduation might be helpful.
Starting Score: EX 641 TU 631 EQ 669
Current Score: EX 714 TU 718 EQ 713 (EQ9 735)
Goal Scores: 750


Take the myFICO Fitness Challenge




Message 46 of 152
Contributor

Re: Discover Secured Graduation?

Mine graduated a few months ago and still no CLI. I maxed the 2.5k limit deposit on opening. My TU was the worst score with one baddie that fell off a few days ago, but their last pull still has it at 678 so I’m guessing they based it on that. Will try a CLI next month upon disco’s update of my report on their system and will check back here.
Gardening till 12/2019!




Message 47 of 152
Regular Contributor

Re: Discover Secured Graduation?

My 7th statement hit on Saturday and just checked my account and it unsecured. $200 initial deposit and now a $2000 CL. Hot dang. No email yet but a 10x upgrade is sweet. Rebuilding works. Wonder when that next CLI occurs. Lol
Fico 8 Exp 598 Transunion 598 Equifax 596 (7/18/18)
FICO 8 Exp 609 TransUnion 622 Equifax 617 (8/10/18)
FICO 8 Exp 643 Equifax 641 Transunion 655 (9-10-18)
FICO 8 exp 630 Transunion 646 Equifax 627
Fico 8 Exp 646 Transunion 639 Equifax 640 (11/1/18)
Fico 8 Exp 698 Transunion 716 Equifax 690 (1/8/19)
Message 48 of 152
Established Contributor

Re: Discover Secured Graduation?

Congrats @pamon
Were you a heavy or light user? Any other data points you can share?
Starting Score: EX 641 TU 631 EQ 669
Current Score: EX 714 TU 718 EQ 713 (EQ9 735)
Goal Scores: 750


Take the myFICO Fitness Challenge




Message 49 of 152
Contributor

Re: Discover Secured Graduation?

My secured card graduated right after the 7th statement cut. My deposit was $2500 at account opening, and it graduated as $2500 CL. But I have received 2 CLI's since then - one ($500) after 10th statement cut, and the second one ($1100) after the 11th statement cut bringing my current CL to $4100. My 12th statement will cut next week and will see what that brings. Both the CLI's were DD (double dipped) - online CLI and calling them the same day to get some more.

 

My observation on CLI after Disco secured card graduation has been that you will have to wait for 3 statements after graduation. That was the case with me as well as a few other cases I have read here in the forum. That's also in line with the unsecured cards CLI criteria where you are eligible for your first CLI only after your 3rd statement cut. 

Message 50 of 152
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