Waiting for Godot 2 New Card $2K SL to Reflect

[Anonymous]

I'm in the Waiting for Godot arena. I have two pretty New Card $2K SL total to report and reflect in any of my CR's. I'm so impatient, of course, being dirty/thin/young. 🙃 More grubby than dirty, but they're there while working to clean them up. 

So, one is NFCU nRewards Secured. Any ideas as to how soon after acquired that it'll report, please? I made a point to use it, about 1/3 Ut, and then PIF within its ~2 weeks. I have a theory that using it and paying it pushes reporting. No basis exactly in fact. Just once used and paid, it has to be reported. 

The second is a $500 Secured Discover It. The card just arrived today. 🤩🤩🤩 I'll use it at lunch 🍔 out tomorrow and pay asap, too. 

Any experience to share on either first reporting how soon? 🙏🏻☘️☘️☘️

Adding $2K to my TCL should give my score a kick up. Just don't yet know how much. 🤞🏻🙏🏻☘️

[Ficoproblems247]

IIRC Disco will cut a statement and report almost immediately after you swipe it the first time. Someone can correct me if I'm wrong, but that is how I remember mine working. I think it was on my reports in maybe 7-10 days after my first swipe with my card. 

[Anonymous]

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@Anonymous wrote:

Adding $2K to my TCL should give my score a kick up. Just don't yet know how much. 🤞🏻🙏🏻☘️

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Keep in mind that credit limits in and of themselves are not a Fico scoring factor.  That said, the $2k increase to your TCL won't raise your scores.  What it could do is lower your utilization across a threshold if your utilization isn't already in an ideal place.  The question then is what is your before/after utilization if you exclude the $2k verses add in the $2k?

Also remember that the addition of the 2 new accounts will drop your AAoA and AAoRA, which could result in score losses.

[Anonymous]

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@Ficoproblems247 wrote:

IIRC Disco will cut a statement and report almost immediately after you swipe it the first time. Someone can correct me if I'm wrong, but that is how I remember mine working. I think it was on my reports in maybe 7-10 days after my first swipe with my card. 

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Oh PERFECT! That's my plan. To use it today and then pay it. That'll help. 🙏🏻☘️☘️☘️

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Adding $2K to my TCL should give my score a kick up. Just don't yet know how much. 🤞🏻🙏🏻☘️

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Keep in mind that credit limits in and of themselves are not a Fico scoring factor.  That said, the $2k increase to your TCL won't raise your scores.  What it could do is lower your utilization across a threshold if your utilization isn't already in an ideal place.  The question then is what is your before/after utilization if you exclude the $2k verses add in the $2k?

Also remember that the addition of the 2 new accounts will drop your AAoA and AAoRA, which could result in score losses.

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Yes. It'll help my total utilization be under 6%. I'm not expecting the two of them to give me a huge score increase. But maybe 10-15 points or so. The majority of my TL's are all young. I just made a point this time that these two were with FI's I'm looking to develop a LTR 🥰 with. Willing to take a wee bit of an AAoA hit now for starting the LTR now. Make sense? 

In the weeks that I've been here, I gleaned that for strategically selecting my new CC's FI. Thinking and applying strategically has been probably one of the fastest and best results of being here and reading, reading, reading at this forum. Because it's going to be a long time before I hit the 800 Club. But there's a lot I can do now to set up for that in the years down the line. 🙏🏻☘️

[USMC_Winger]

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@Anonymous wrote:

So, one is NFCU nRewards Secured. Any ideas as to how soon after acquired that it'll report, please? I made a point to use it, about 1/3 Ut, and then PIF within its ~2 weeks.

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My understanding is that Navy Fed reports new credit card accounts to the major credit bureaus after the second billing cycle.  So, ideally, it will take you about 60 days.  (Mine was 61 days.)  That allows for two full 25-day billing cycles.  You want the first billing cycle to be 25 days, because if it isn't, you'll have to wait a partial month before your first full 25-day billing cycle begins.  You'll usually still have to wait 3 full billing cycles before you're eligible for a CLI and 6 full billing cycles before you're eligible for graduation to an unsecured credit card.  I say "usually," because some have reported their secured nRewards cards graduating early in 3 or 5 months, and others take longer than 6 months.  I've been waiting 7 months, and I got my first CLI of $1,000 yesterday.  (I requested a CLI after 3 months, but they denied me.)  I'm hoping that means I'm graduating any day now!

How do you know how long your first billing cycle is going to be?  From my research, it appears to be what day of the month (and how many days in that month) that your credit card application was approved.  Anecdotally, application approval on the 20th of a 31-day month (like this month) will result in a 25-day first billing cycle, but application approval on the 20th of a 30-day month will result in a short first billing cycle.  Application approval on the 22nd day of a 31-day month results in 25-day first billing cycle, but application approval on the 27th day does not.

What date did you get approved for your Navy Fed secured nRewards card, and have you received your first billing statement yet?

[Anonymous]

I wouldn't expect much of a gain.  The age of accounts reductions could easily produce score losses that would cancel out the gains from the slight utilization drop.  Hopefully you see something, but there's a good chance you will not or if you do, will see minimal points.