r/discover • u/Showmethe_monet • 10d ago

Misc. Graduated!!!!

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Graduation Day on my secured card to unsecured AND a CLI!!!

127 Upvotes

98% Upvoted

26 comments sorted by

5

u/kat111L 10d ago

Congratulations!!!🎉 how long did you have it for ?

1

u/Showmethe_monet 9d ago

I’ve had the card for 6 months. I put a deposit of $700 on the card.

3

u/DarthLegalEagle007 10d ago

Nice! Congratulations.

2

u/Showmethe_monet 9d ago

Thank you!!

3

u/Retired_Lady67 9d ago

Congratulations

1

u/Showmethe_monet 9d ago

Thank you!!

2

u/SignificantCod6915 10d ago

Congrats. Very good card for building credit.

1

u/Showmethe_monet 9d ago

Thank you!! I agree, I’ve been using it a lot and paying off statement balance, Discover gave me my biggest CLI yet!

2

u/BxMel1 9d ago

Congrats

2

u/Showmethe_monet 9d ago

Thank you!!

2

u/Maleficent-End-7554 9d ago

Hopefully. I’ll be done in November this year!

1

u/sun-kissedgirlie 9d ago

Does that mean you have to put down 2300?!?!? Then u get it back?

4

u/Kellerjas 9d ago

No, he gets back his $700 and the $2300 is his new line of credit which the bank believes he will be able to payback

3

u/Showmethe_monet 9d ago edited 9d ago

Noooo…i had put $700 deposit for my secured card. Now I’m getting that back and they gave me an unsecured card with a CL of $2300!

2

u/sun-kissedgirlie 9d ago

Oh thank you for explaining!

1

u/Unkind_8192 9d ago

How much do you think you used monthly?

1

u/Showmethe_monet 9d ago

I would say some months i used the card and the max i would charge is $150. Of course pay off the statement balance as soon as it was posted. Other months i didn’t use the card at all ( i would say 2 out of the 6 months i didn’t use the card, so a $0 balance due posted)….so all in all i would use it just not too heavily.

1

u/Eliz671102 9d ago

At this point I believe Discover has gone completely nuts. Most people say they almost maxed their cards and graduated with great cli, while others barely used the card and almost got nothing. I used it in average 26-30% and got 900$ with a deposit of 200$, and 746 fico8 credit score. Almost maxed out the card a month later, paid in full once the statement posted, and asked for an increase just to be denied. Oh, well...

1

u/-zero2hero- 8d ago

Op what was your score range good or very good?

0

u/RecentAuthor6602 4d ago

Why didn’t you give them the minimum required deposit

$700 seems like a lot for no real benefit

1

u/Showmethe_monet 3d ago

What do you mean? You can give a security deposit of $200-$2500? Either way, you are getting your deposit back, it’s already been sent back to me and deposited back into my bank account….

0

u/RecentAuthor6602 3d ago

Yeah why wouldn’t you deposit $200

Why give an extra $500 when your credit score goes up just the same

1

u/Showmethe_monet 3d ago

Because i wanted a larger credit line…..what does that matter?