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DISCOVER CARD secured card Increase – myFICO
29/01/2019 · June of 2018 I received my Discover secured card. I have been reading the posts and everyone stated that you would get a credit line increase after 6 months. This morning went to view my discover information and to my surprise I now have a $2000.00 credit limit. I encourage everyone to hold on with patience and things will work out.
How to Get a Discover Secured Card Credit Increase
16/04/2020 · There are two ways to get a Discover secured card credit increase: 1) add money to your security deposit or 2) graduate to an unsecured card after consistent on-time payments. But depositing more money is certainly the easier and more immediate way to get a Discover it Secured Credit Card limit increase.
FAQ fico discover card credit increase secured card
How do I get a discover secured credit card credit increase?
Editorial and user-generated content is not provided, reviewed or endorsed by any company. There are two ways to get a Discover secured card credit increase: 1) add money to your security deposit or 2) graduate to an unsecured card after consistent on-time payments.
How much is the deposit on a discover it secured card?
Add to Your Deposit – Discover it Secured Credit Card’s deposit can be as little as $200 or as much as $2,500. And your spending limit will equal whatever you put down.
Can I increase my credit limit for a secured credit card?
Yes, to increase your credit limit for a secured credit card, you have to deposit more money. But you can also ask to get upgraded to an unsecured credit card if you have at least 6 months of paying your bills on time.
What happens if I pay my Discover Card on time?
Pay On Time for 7+ Months – Starting 7 months into your account, Discover will take a basic look at your credit and payment history. If they like that they see, Discover may choose to graduate you to an unsecured card. If that happens, they’ll return your security deposit and you’ll have an equal or higher unsecured credit limit.