Texan78, I think I'm the poster child for doing everything, "wrong," with my secured Discover (Chrome) card. When the account had a $300 CL I foolishly exceeded the limit seven times spanning several months, all denials. Then I pumped $500 more into the security deposit, now to $800. Have put > $11k in spend through this $300 / $800 account in two years, paying frequently, always ahead of schedule.
On March 17 the account will turn 24 months old, still secured. Last month I applied for Discover Cash Back and was approved with a $7k SL. Heh. I'm going to give Discover 18 more days to graduate me! If they don't, automatically, should I contact them to request graduation? Totally willing to pull the plug on the account if they say, "no."
Id just close the secured Disco card.. its done its job..
You already found out your eligible and obtained an unsecured disco.. Just close it
Im pretty sure the over limits (even though you took care of them promptly) were the mistake... This is just heresay but basically the overlimits reset you back to 6-7 month wait...and possibly addint to the CL might have slowed it down but only because of the overlmits playing against you..
Hi! After 2.5 year post-BK I received an auto CLI to $1,800 once my discover FICO is 638 with 34% utilization, which included 7 baddies. My deposit was returned shortly thereafter. I did try to get a credit limit increase at my 6 month mark, with under 20% utilization and my TU was at 657, it was denied. Note when I asked for a CLI my TU and utilization were lower than it was when discover completed the auto increase, so I couldn't begin to explain the difference, other than the length of time I've had my card with them and the fact that I have other cards now. The rep only provide vague information stating that they consider new lines of credit, late payments, utilization, and payment history and that I shoul wait for an email from them. Prior to the CLI I opened two other unsecured cards, they were open at least 6 months (raising my scores).
TU 638 | EQ 659 | EX 695
2 statements after graduation to $2000 unsecured CL and no auto love nor with the luv button. Maybe the 3rd statement will be the good luck charm... or not. I will update 💪🏼
I started to build credit with this credit card. I got graduted after 7 months, got my deposit back and limint increse to 1k. I use this card for almost everything.
Yes, you're right. I mostly use it in the US and I have capital one MS that I use when I travel, plus I have other Mexcian CC. The Discover and Capital One helped me to get to 688 credit score.
Hi guys, this is my first post on these forums, hehe, I been lurking for a little bit. I deposited $200 and started using the card frequently. I would use all $200 and pay it all off several times a month. I would spend anwhere from $400 to $600 every month. I used the "credit utilization trick" and left 5% ($10) of my limit every time my statement cut, and then paid it the next day. After 7 statements they graduated me (woohoo!!) and sent me my $200 back in the form of a check in the mail and raised my limit to $2000.
My question that kind of goes along with this thread is when should I ask for a CLI? I just graduated in the begninning of this month (March 2019).