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Not sure if this or the credit card forum is the correct place for this one?
I have a disc and cap1 secured card 200 each. Does anyone know if there is a set of guide lines on getting these to unsecure? I have kept util low, made multiple payments in the same month. anything i can think of so that i am favorable for it.
I have read many posts of ppl with no low and high balance, and low and high util. graduating so i am not sure if there is a baseline for moving up that chain to unsecured land?
Can't really say for Cap 1 ... I closed my secured card when I got my Platinum.
As for Discover ... I think it's at least seven months of responsible use, and they begin reviewing. I also believe the Discover graduation is firmly tied to your credit scores, more specifically, your TransUnion score. I've had my Discover for 14 months now, and it's still secured, and I believe it's because my TU is low (in the 650 range). But I've also been apping for other cards while I've been waiting, so I don't know if that has an affect either. I was approved for an AMEX Blue Cash Everday card with a $2K limit the other day, but Discover won't unsecure me. LOL
My best guess is I'd need to be 670-680 for it to graduate. And I'm now in the garden, so we'll see if that holds true.
@steelholder wrote:
pay off entire balance every month keep utl under 5 percent should take around 10 to 12 months.
Does anyone know if a unsecured can graduate to QS?
From what i have read on other posts. some were able too, but most are just apping the QS and PCing them together to get a higher CL.
@Anonymous wrote:Not sure if this or the credit card forum is the correct place for this one?
I have a disc and cap1 secured card 200 each. Does anyone know if there is a set of guide lines on getting these to unsecure? I have kept util low, made multiple payments in the same month. anything i can think of so that i am favorable for it.
I have read many posts of ppl with no low and high balance, and low and high util. graduating so i am not sure if there is a baseline for moving up that chain to unsecured land?
You are doing all you can for now. I would make sure I'm pif every month with the secured cards. From what Ive read it can take around 12 months for them to become unsecure. It will depend on your score and several factors known only to cap 1 and discover. What is the rest of your credit history like? Whats current on your report? Do you have an autoloan or other instalment loan? etc..