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One Year With Discover Secured

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Moderator

Re: One Year With Discover Secured


@creditguy wrote:
You probably jumped the gun on a second card app. You should have realistically waited until your card unsecured first. Remember you may be ready for your card to unsecure but Discover may not be. There are more than a few contributors here who are well past 12 months and still waiting to unsecure. Regardless, good luck on your app and unsecuring.

+1

 

I think I recall reading on another thread where somebody was told they couldn't get a second card if their first card was secured, of course as with many things credit this could be YMMV. 

 

In any case, good luck with both your card unsecuring and your new app... let us know how it goes!  Smiley Wink

Message 11 of 17
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Valued Contributor

Re: One Year With Discover Secured

Best of luck on both and way to go on your rebuiding success so far.
                               

Total Credit: $240,100Credit Utilization: 1%AAoA: 5 years, 7 monthsInstallments: Car Lease, Marcus LoanNegatives: 0

LOWES-35k | BOA-32.5k | AMEX-30k | DISC-27.1k | ALLIANT-25k | NFCU-25k | BARC-15k | BBUY-12k | CHASE-10k | WAL-10k | CITI-9.7k | PENFED-9.7k


Message 12 of 17
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Established Member

Re: One Year With Discover Secured

Also use the pre qualify tool at Discover's site. Helps keep the inquiries at a mimimum.
Message 13 of 17
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Established Contributor

Re: One Year With Discover Secured

Well, I guess I applied during their "down for maintence" time so they said they won't have the app till tomorrow. I have to wait 5-7 days according to the onscreen message. As for making my first card not secured, they said my 12th cycle needs to happen. That will happen on the 19th. We will see how his all plays out. 

Chapter 7 BK Filed 06-06-19, Discharge 09-16-19
603 - 09-25-20 Equifax FICO Score 4
741 - 10-05-20 Equifax Vantage Score 3.0
684 - 10-08-20 Experian FICO Score 8
649 - 09-01-20 Experian FICO Bankcard Score 9
657 - 10-05-20 Transunion VantageScore 3.0
Loans: 1 Student Loan Deferred, 2 Auto Loans
Credit Cards: 10 Visa/Mastercard; 3 Store Card $8/$10,525
Inquires: 0 Equifax, 29 Experian, 18 Transunion
Average Account Ages: 3Y7M Equifax, 4Y06M Experian, 1Y6M Transunion
Gardening till 01-2021
Message 14 of 17
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Established Contributor

Re: One Year With Discover Secured

My one year was June 12.  I still haven't heard anything.  I was denided the second card.  The card sits at 0 balance.  It would be nice to have my $1,500 back :-)

Chapter 7 BK Filed 06-06-19, Discharge 09-16-19
603 - 09-25-20 Equifax FICO Score 4
741 - 10-05-20 Equifax Vantage Score 3.0
684 - 10-08-20 Experian FICO Score 8
649 - 09-01-20 Experian FICO Bankcard Score 9
657 - 10-05-20 Transunion VantageScore 3.0
Loans: 1 Student Loan Deferred, 2 Auto Loans
Credit Cards: 10 Visa/Mastercard; 3 Store Card $8/$10,525
Inquires: 0 Equifax, 29 Experian, 18 Transunion
Average Account Ages: 3Y7M Equifax, 4Y06M Experian, 1Y6M Transunion
Gardening till 01-2021
Message 15 of 17
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Valued Contributor

Re: One Year With Discover Secured


@CostantinoA wrote:

My one year was June 12.  I still haven't heard anything.  I was denided the second card.  The card sits at 0 balance.  It would be nice to have my $1,500 back :-)


Has your 12th statement cut yet? Don't go by when you were approved, go by 12 statements. Mine didn't graduate until a few days (or a week) AFTER my 12th statement cut.

Message 16 of 17
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Established Contributor

Re: One Year With Discover Secured

Yes my 12th statement cut on the 20th Smiley Happy according to discover card Fico, my score is the highest it has been in the 12 months I have had their card.
Chapter 7 BK Filed 06-06-19, Discharge 09-16-19
603 - 09-25-20 Equifax FICO Score 4
741 - 10-05-20 Equifax Vantage Score 3.0
684 - 10-08-20 Experian FICO Score 8
649 - 09-01-20 Experian FICO Bankcard Score 9
657 - 10-05-20 Transunion VantageScore 3.0
Loans: 1 Student Loan Deferred, 2 Auto Loans
Credit Cards: 10 Visa/Mastercard; 3 Store Card $8/$10,525
Inquires: 0 Equifax, 29 Experian, 18 Transunion
Average Account Ages: 3Y7M Equifax, 4Y06M Experian, 1Y6M Transunion
Gardening till 01-2021
Message 17 of 17
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