cancel
Showing results for 
Search instead for 
Did you mean: 

Discover Secured Graduation?

Regular Contributor

Re: Secured Discover Graduation 👩‍🎓

Congratulations on your graduation!

Message 541 of 570
Frequent Contributor

Re: Secured Discover Graduation 👩‍🎓

Glad to hear, good luck continuing to rebuild!




Discover 22K ---------------------------- Credit Union MC 12K
Cap1 QS 10K ---------------------------- Barclay 3.4K
AMEX Blue Cash AU 15.5K ------ Barclay Apple AU 10K
AMEX BCP 22K
2 Installment loans:
Auto 15K / 39K ---------- Auto 28K / 39K
Vantage 3.0: TU:738 EQ: 737 03-17-2020
Ch. 7 DC 12/2014
Message 542 of 570
Frequent Contributor

Re: Secured Discover Graduation 👩‍🎓

Congrats on the graduation! ...and the score increase. Keep it up and hoMEownership is just around the corner!

 

Best of luck!

PenFed Visa Signature $35000 (Opened 6/20) - NFCU Platinum $15000 (Opened 1/21) - NFCU More Rewards AMEX $13000 (Opened 1/19) -Capital One World Elite MC $11200 (Opened 11/17) - TTCU Platinum Visa $10000 (Opened 10/18) - Uber Visa $5000 (Opened 1/19) - Target Store Card $2000 (Opened 10/18) - Floor & Decor Store Card $36500 (Opened 10/18)
Total CL - $127700

CH7 BK Filed 8/1/17 Discharged 11/7/17

Scores as of 6/5/20:




Inquiries Last 12 Months:
Message 543 of 570
New Member

Re: Discover IT secured graduates today!!!

Congratulations to Everyone, I don't believe I will Ever Graduate. Card been paid off 3 months, and All cards combined is at 6% Util

Starting Score: 615
Current Score: 620
Goal Score: 700


Take the myFICO Fitness Challenge
EQ: 615 EX: 621 TU: 629 as of 6/20/18
Message 544 of 570
Regular Contributor

Re: Secured Discover Graduation 👩‍🎓


@NeedhoMEownership wrote:

It's a beautiful day! Woke up this morning to see my Discover Secured available credit increase from $300 to $1,500. (Insert happy dance 💃🏾) I haven't received the official email but since I am on MyFICO all day ... everyday, I know I have received my cap and gown. So, here are my data points: 

-Applied in May 2020 with a Transunion score of 589 

-Student loan debt, 6 collections, a lot of lates from auto loan within last 12 months and a repossession on credit file 

-November 8, 2020 (7th statement) Transunion score 616 

-Student loan debt in good standing, 1 collection (paid/closed) Last late official 1 year mark and repossession (paid/closed.)

 

Used card for mostly gas/food and spent no more than $150-$180 monthly - balance PIF; 3rd month I let $5 report and 6th month I let $7 report. 


Congrats!!! So a DP here is that it took a week for you to graduate after your 7th statement cut? Yet, receiving the email will be over a week then. People were quoting graduating 2-5 days after statement cut, so I wanted to make sure yous state the time between statement cut and seeing an increase and/or graduation email for others incase COVID is making it take longer? 

 

Smiley Happy 




myFICO 8 Scores 11/2020





Message 545 of 570
Established Member

Discover IT secured

B5C63F5F-3401-4287-BCC5-98AAE8F9F1A8.jpeg

I just got this email from Discover! Is this good news that I might graduate soon? I hope 🤞🏻 

The people that their cards graduated, did you received similar email?

starting CS: 5/20 = 520 Exp, 531 Equi, 525
Currently: Trans= 661 Exp, 660 Equi, 665
CreditOne: 500 CL, Amazon Prime: 400 CL, Discover IT: 1,200 CL, Wescom Secured: 500 CL, Target RED: 400
Message 546 of 570
Frequent Contributor

Re: Discover IT secured

@hcastillo2012 I actually opened up this card a few days after you and received the same email recently. Many claim that after the sixth statement closes, you will be asked to confirm your mailing address in the Discover app (presumably because they will be returning your funds via check). 

 

It's by no means a guarantee, but it is a good sign.

 

We will have to wait for the 7th statement to cut to be sure. Many say that they receive the graduation email 2-6 days after the 7th statement cuts (but if you check the app, you might notice your available credit increase sooner).

 

Good luck!

Message 547 of 570
Established Member

Re: Discover IT secured

@Caprisun987 nice! The email got me a little excited and I hope I do graduate. Good luck to you! 

starting CS: 5/20 = 520 Exp, 531 Equi, 525
Currently: Trans= 661 Exp, 660 Equi, 665
CreditOne: 500 CL, Amazon Prime: 400 CL, Discover IT: 1,200 CL, Wescom Secured: 500 CL, Target RED: 400
Message 548 of 570
Regular Contributor

Re: Discover IT secured

I got the same email the other day too. I hope it bodes well for all of us!




Message 549 of 570
New Visitor

Re: Discover Secured Graduation??

I'd upped my deposit to $2500 and thought I was told it'd be returned 8 months from activation but it's 8 statement months. Website FAQ repeatedly says review is automatic and no rep can help. While I was chatting with rep this week, I mentioned that my credit score recently dropped (I think to 589 from 670 high) because my utilization went up and she said "it's atypical to get the deposit back the first time (8th month) they review" so I'm wondering if anyone didn't get their deposit back if their score had dropped at the time of the first review (I've got no late/returned payments with Discover and nothing negative with others on report, just recently maxed out a couple cards)? I was hoping to get mine this/next month, to bring down my utilization again....

Message 550 of 570
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.