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Discover Secured Graduation?

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Valued Contributor

Re: Discover Graduation & Utilization

I tried to apply for a new card last month from them and no luck.

Message 291 of 422
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Contributor

Re: Discover Graduation & Utilization

Well...statement cut the 5th and I got it on the 6th since it was a Sunday. Did not graduate this month! On to month 10!
April 2019 (4 collections)
EQ - 563
TU - 586
EX - 578


March 2020 (0 collections)
EQ - 605
TU - 672
EX - 671
Message 292 of 422
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Established Contributor

Re: Discover Graduation & Utilization

Discover is 7 months minimum.








Message 293 of 422
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Contributor

Re: Discover Graduation & Utilization

Correct. I just got my 9th statement and I’m on to 10 next month.
April 2019 (4 collections)
EQ - 563
TU - 586
EX - 578


March 2020 (0 collections)
EQ - 605
TU - 672
EX - 671
Message 294 of 422
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Established Contributor

Re: Discover Graduation & Utilization

I misread your post pre coffee and thought you said the 5th statement haha. Good morning! Welcome to the waiting club, I cut on the 4th for my 13th. Still possible through Friday but after the 3rd business day less likely!








Message 295 of 422
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Regular Contributor

Re: Discover Graduation & Utilization

My 14th statement cut the other day and still no graduation. No offers on their prequal either for a second card (even though i'm not interested in another card right now). Next year hopefully they will offer me a second card, because if this one is still secured by then i'd like to close it. 



NFCU Cash Rewards $18,500
NFCU More Rewards Amex $6,000
Merrick DYL $1,400
Discover Secured $200
NFCU CLOC $500
Message 296 of 422
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Regular Contributor

Re: Discover Graduation & Utilization

RIP disco secured, finally closed it after 21 months. Had prequal offers of 19.49% but decided not to pull the trigger. TU8 668 and has been at or above 640 since the end of 2018. I previously had an unsecured card with them from 2014-2017 that was in good standing when I closed it, did not IIB.
Message 297 of 422
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Member

Re: Discover Graduation & Utilization

I got a $200 secured card and three months later I applied for an unscured card and was approved for $1200. My secured card graduated on the 7th month but they didn't raise the limit. I called today and requested a CLI, said it would be 24hrs before I hear anything. I have applied for a CLI on the unsecured but was diened. TU score was 640. Since I was approved for the DISCO unsecured Disco card, I've been approved for a Go Rewards NFCU 15K, NFCU Cash Rewards 1K CLI, and AMEX 5K. I'll wait another three months and try again for the CLI.

Message 298 of 422
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Valued Contributor

Re: Discover Graduation & Utilization

Discover moves in mysterious ways. Mine was unsecured less than a week after my seventh statement, but the CL only went up to $1,500 (from $1,000 secured). Though my scores are well in the 700s, my income is over $100k and I had three other cards (now four) with CLs of $5,000 and another one with a CL of $3,100, and I see posts frequently of people with BK or low scores who got higher CLs.

 

Maybe they draw straws out of hats or roll dice? I suppose it all makes sense to them, though sometimes, it's hard to come up with explanations.


Young profile, but no derogs. In March of 2019, I had no open accounts, a charge-off, two collections, and scores in the low 500s. The only thing in my signature that was on my CRs then was the old closed Exxon card. I am a MyFICO monthly paying customer. One might think my perspective would be welcome here, but ...
Cards

Authorized user / Corporate / Auto loan

Card CLs total $81,100, not counting the AU card. In March 2019, card CLs totaled $0. In April 2019, card CLs reached $500. Since then, I received a lot of great advice on this board, as well as a lot of advice I didn't take, that is good for most situations, but not mine. Bronze spade on July 3.
Closed but still on reports: ExxonMobil, $950, 10/08-02/11 (Equifax only) | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Message 299 of 422
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Frequent Contributor

Discover Secured Cards That Graduated Highest Limits

I was Wondering Can I get some Input on this Subject about what are some of the Highest limits these cards have grown or do they Peak at a certain limit 3000 to 4000 have anyone's discover secured cards that graduated grown to limits of 10000 or more over time? im very curious all feedback is apppreciated



AOD FCU PLOC 10,000
NAVY FED CLOC 500

Message 300 of 422
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