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Discover Secured Graduation?

Caprisun987
Frequent Contributor

Re: Discover Secured Graduation??

@themack Congratulations on your graduation and CLI! It took longer than expected but at least you finally got it back. I hope you PC'd the rewards to the Discover It Rotating 5% Categories. 

Message 561 of 583
Iancoll1993
New Member

Re: Discover secured graduation?

Itll be 7 months in january

Message 562 of 583
HappyBuilder42
Established Member

Re: Discover secured graduation?


@Iancoll1993 wrote:

Anyone have experience with graduation if u have a returned payment and or went over ur limit? Thanks


I have one returned payment.

 

Today I woke up to the email saying they are returning my deposit($600) and increasing my credit line(to $1800).

My 15th statement just cut.

 

I was suprised. I thought it would never graduate because of that returned payment.

 

Good luck. 

We are stardust, we are golden
We are billion-year-old carbon
And we've got to get ourselves
Back to the garden
Message 563 of 583
trc123102
New Member

Re: Discover secured graduation?

Did they end up graduating you? I have the same situation.. went over CL by $2. What date does your 7th statement cut? 

Message 564 of 583
joltdude
Community Leader
Senior Contributor

Re: Discover secured graduation?

Returned payments, overlimits, and such tend to reset the 7 statement wait... And they still can say.. Nope....

-J

 

Message 565 of 583
trc123102
New Member

Re: Discover secured graduation?

I just wanted to share data points with you all. My hubbie and I both got Discover Secured IT cards at the same time earlier this year. Our 7th statements cut on Jan 13th and today we woke up to see credit limits had been increased and we have graduated. Have not seen an email or any message, but chatted with CS who did confirm we graduated and deposit refund check was mailed on 1/12. 

 

Hubbie: left a $300 Deposit; ran up to $800 in one month and $500 on average per month since we opened, always paying down each week and letting no more than $50 report (one time) - usually $2-$3 though; Never late, and went over the limit once by $0.75 (I thought it had been $2 but I was wrong). Scores were in the low 500s when started and mid 600s now. He had 2 derrogs that are still on his report (one SL c/o and one medical CO of $1300). CL increased to $1,800.

 

Me: started with $300 deposit but later added to the max of $2,500; ran up to $6,200 in one month and $4,400 on average per month since we opened, always paying down each week and letting no more than $0 report. Never late and never went over the limit. Scores were low 500s when started and are mid 600s now. Have many derogs including multiple SL lates  and auto lates (from over 3 years ago), few medical COs, 2 C/O from 6 years ago. I have had some derogs fall off during the time since I opened the account; however a new medical CO showed up that had fallen off on its own a few months ago so I was concerned that would impact graduation... it didn't. CL was increased to $2,700 so they did give me small increase even though I had maxed out my deposit (I've never seen any posts where an increase was given when max was given... could be I used this card A LOT). 

 

I have been reading on here for years and never posted, but I appreciate all of the info others have given as it's helped me a lot to improve my credit. I thought I'd post to share this with others and hopefully give them some hope too. 

 

Thanks!

 

 

Message 566 of 583
hcastillo2012
Established Member

Re: Discover IT secured

@quikj9 @Caprisun987  My card just graduated yay! Couple days after my 7th statement cut. I went from $800 to $1200 which isn't much but at least I graduated yay!

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 567 of 583
quikj9
Regular Contributor

Re: Discover IT secured

@hcastillo2012 YESSSS!!!! That's awesome. Congratulations! I'm thrilled for you. What a great way to start the day. 




Message 568 of 583
FinStar
Moderator

Re: Discover IT secured


@quikj9 wrote:

@hcastillo2012 YESSSS!!!! That's awesome. Congratulations! I'm thrilled for you. What a great way to start the day. 


It sounds like you're next in line @quikj9 😎  Any moment now I'm sure.

Message 569 of 583
quikj9
Regular Contributor

Re: Discover IT secured

@FinStar You were right! Woke up this morning to find that my Discover secured card has graduated. 

 

Thanks @hcastillo2012 for leading the way, at least for the early June crew. @Caprisun987 the floor is all yours. Take it away!

 

DP's are as follows:

 

Opened 6/9/2020

SL $200

EX 556

TU 572

 

Graduated 2 days after my 7th statement on 1/23/2021

CL $1800

EX 646

TU 619

 

Changed to the 5% rotating categories in September. I've gotten one new card since acquiring my Discover secured card. Paid in full every month. Most months, I ran about $300-$400 through it. I only let a balance report once, just to switch up my AZEO card for that month. I did have a transaction denied for a recurring bill that would have taken me over the limit. That wasn't the smartest move on my part, but I'm glad it didn't affect my graduation timeline. 




Message 570 of 583
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