topic Re: Discover It Approval in Credit Cards

Discover It Approval

jakemod — Sun, 27 Jan 2013 06:01:59 GMT

I've been receiving Discover pre-approvals from the mail every week (from personal loans to credit cards). More recently, I got a pre-approval offer for their new "It" card. I've been thinking about transfering my balance from my Macy's card and taking advantage of their 0% introductory offer, so I can finally start paying down my balance without their high 24.50% APR. I got it down to below $2,000, but since this past Christmas season, I racked up another $500 worth, bringing it to around $2,500. I since got it down to $2,300, which was my balance transfer request. I applied online after researching non-stop about the benefits. I figured I should be okay since my last inquiry was Feb 2012 from HSBC (Best Buy for a TV purchase). I also had no clue what my credit score was or anything. I got the "...wait 5-7 days" message after applying. After reading some of the tips here, I went ahead and called them. A CSR transfered me to a credit analyst. He asked me several questions, from my job history, income, and why I'm applying for the card. To my surprise, he approved me for $6,000! He asked me if that was okay, and I said,"Yes!" I just didn't expect to get that much, let alone, the amount of transfer I had requested.

Now, I have a couple questions. First, I know I signed up for the 0% APR for balance transfers and purchases for 14 months, but is there a way to change that to their 0% for 18 months for transfers offer? Should I just call and ask? Second, do they send you your credit score/report along with your card? I'm just curious as to what my credit score I got approved for a high amount. This is my first Discover card. I have a Capital One Platinum Visa, BofA Gold Visa WorldPoints, Macy's, Best Buy, Chevron, Kohl's and two car loans.

Any input is great. And I apologize if it was a bit lengthy.

Re: Discover It Approval

firstladyd — Sun, 27 Jan 2013 07:29:15 GMT

Congratulations! Welcome to Discover family. You r going to love love that card. I have the More card, love Discover.
I was approved in October and when they sent my card they also sent my score. I would call and ask about the 18 months 0%. The CSR r absolutely fabulous. If you didn't qualify they will probably tell you but if you do they will probably change it for you. Your accounts look similar to mine. They matched the total of my credit lines and gave me a little over 5k. My highest CL. The cash back is awesome. And its so easy. Shop discover is great and they have Discover Bank which offers great interest rates. The app for smartphone is great. Treat them well and they reward you.

Re: Discover It Approval

SE7EN57 — Sun, 27 Jan 2013 12:46:29 GMT

Grats, the Discover It card is awesome! I was approved for 0% intro till 2/2014 with the 0% BT for 14 months then 19.99% afterrwards. I dont carry any balances tho.

Re: Discover It Approval

rtw — Sun, 27 Jan 2013 12:51:02 GMT

Congrats!

Re: Discover It Approval

shakalaka — Sun, 27 Jan 2013 14:03:53 GMT

Congrats and nice starting limit

Re: Discover It Approval

ycm — Sun, 27 Jan 2013 14:07:42 GMT

Very nice, congrats!

Re: Discover It Approval

jakemod1 — Sun, 27 Jan 2013 19:03:49 GMT

Thank you everyone! It's definitely a good feeling! I will call them first thing tomorrow and ask about the 18 months 0% apr promo.

Re: Discover It Approval

chnceit — Sun, 27 Jan 2013 19:49:11 GMT

Also keep in mind that Discover gives low BT offer after the initial BT offer

Re: Discover It Approval

Epcot — Sun, 27 Jan 2013 23:53:21 GMT

Nice going, Congrats!

Re: Discover It Approval

newportguy — Mon, 28 Jan 2013 01:01:10 GMT

jakemod wrote:
I've been receiving Discover pre-approvals from the mail every week (from personal loans to credit cards). More recently, I got a pre-approval offer for their new "It" card. I've been thinking about transfering my balance from my Macy's card and taking advantage of their 0% introductory offer, so I can finally start paying down my balance without their high 24.50% APR. I got it down to below $2,000, but since this past Christmas season, I racked up another $500 worth, bringing it to around $2,500. I since got it down to $2,300, which was my balance transfer request. I applied online after researching non-stop about the benefits. I figured I should be okay since my last inquiry was Feb 2012 from HSBC (Best Buy for a TV purchase). I also had no clue what my credit score was or anything. I got the "...wait 5-7 days" message after applying. After reading some of the tips here, I went ahead and called them. A CSR transfered me to a credit analyst. He asked me several questions, from my job history, income, and why I'm applying for the card. To my surprise, he approved me for $6,000! He asked me if that was okay, and I said,"Yes!" I just didn't expect to get that much, let alone, the amount of transfer I had requested.

Now, I have a couple questions. First, I know I signed up for the 0% APR for balance transfers and purchases for 14 months, but is there a way to change that to their 0% for 18 months for transfers offer? Should I just call and ask? Second, do they send you your credit score/report along with your card? I'm just curious as to what my credit score I got approved for a high amount. This is my first Discover card. I have a Capital One Platinum Visa, BofA Gold Visa WorldPoints, Macy's, Best Buy, Chevron, Kohl's and two car loans.

Any input is great. And I apologize if it was a bit lengthy.

Yes, I got my credit score with my new IT card but no report. Even got my score with the 10.99% APR

Re: Discover It Approval

Cadillac-XTS — Mon, 28 Jan 2013 01:19:49 GMT

Congrats

Re: Discover It Approval

jakemod1 — Mon, 28 Jan 2013 19:53:08 GMT

So I just received my card today, and it does include my TU credit score, but no credit report. I did ask the CSR when I activated my card about switching the promo from 0% APR for 14mos on BTs and purchases to the 0% APR for 18mos BTs and 6mos for purchases and she said no, unfortunately. Still, paying no interest for 14mos on a $2,300 is better than the 24.50% APR I get from Macy's. And the interest doesn't accrue, which is a bonus, just in case I don't pay it all off before the promo ends.

Now, my next goal is to get a mileage card. Are there any that you guys swear by? Is it unnecessary now that I have a cashback card? I'm not a frequent traveler, but I do fly once in a while to visit friends and family around the country. I am also planning on flying to Europe since a good friend of mine just moved there. It would be nice to have it pay for part or all of the ticket. I am interested in joining the AMEX family. Once I get my balance down, my score should go up dramatically. As of now, my TU is 702. The simulator estimates my score to be between 742-777 once I pay all my cards. How are my chances with a 702 if I apply now?

Any inputs greatly appreciated. Thank you in advance.

Re: Discover It Approval

RedDragynLady — Mon, 28 Jan 2013 22:03:57 GMT

Congrats on your approval! I just applied online for a Discover It card, and was approved. I requested a $2900 balance transfer myself, but have no idea what my credit limit was. I did this on the advice of a financial advisor. Hopefully, they'll transfer the whole amount... that would be ideal. I'd then have a zeroed Chase card. I'm relieved that so many of you like Discover. I had one back in college, but paid it off and left it unused until it eventually closed itself, I guess. Don't even have that card.

So my question for you is, did you call the CSR after applying and submitting online to find out? I was thinking if that's all it takes, I can give them a buzz. After paying off my small Target card with my tax return, I'll be able to pay off this balance by the end of the year (yay snowball paments!) I guess I can wait until the end of the week, but it's killing me to know how much I got!

Re: Discover It Approval

09Lexie — Mon, 28 Jan 2013 22:03:18 GMT

RedDragynLady wrote:
Congrats on your approval! I just applied online for a Discover It card, and was approved. I requested a $2900 balance transfer myself, but have no idea what my credit limit was. I did this on the advicce of a financial advisor. Hopefully, they'll transfer the whole amount... that would be idea. I'd then have a zeroed Chase card. I'm relieved that so many of you like Discover. I had one back in college, but paid it off and left it unused until it eventually closed itself, I guess. Don't even have that card.

So my question for you is, did you call the CSR after applying and submitting online to find out? I was thinking if that's all it takes, I can give them a buzz. After paying off my small Target card with my tax return, I'll be able to pay off this balance by the end of the year (yay snowball paments!) I guess I can wait until the end of the week, but it's killing me to know how much I got!

Just call a few hours after the approval and they will be able to give your CL.

Congrats and welcome to the Discover Family!

Re: Discover It Approval

RedDragynLady — Mon, 28 Jan 2013 22:04:42 GMT

09Lexie wrote:
RedDragynLady wrote:
Congrats on your approval! I just applied online for a Discover It card, and was approved. I requested a $2900 balance transfer myself, but have no idea what my credit limit was. I did this on the advicce of a financial advisor. Hopefully, they'll transfer the whole amount... that would be idea. I'd then have a zeroed Chase card. I'm relieved that so many of you like Discover. I had one back in college, but paid it off and left it unused until it eventually closed itself, I guess. Don't even have that card.

So my question for you is, did you call the CSR after applying and submitting online to find out? I was thinking if that's all it takes, I can give them a buzz. After paying off my small Target card with my tax return, I'll be able to pay off this balance by the end of the year (yay snowball paments!) I guess I can wait until the end of the week, but it's killing me to know how much I got!
Just call a few hours after the approval and they will be able to give your CL.

Congrats and welcome to the Discover Family!

Awesome, thank you! Super fast answer. ;) (I'm a dedicated myFico user; best money I have *ever* spent!)

Re: Discover It Approval

09Lexie — Mon, 28 Jan 2013 22:07:20 GMT

RedDragynLady wrote:
09Lexie wrote:
RedDragynLady wrote:
Congrats on your approval! I just applied online for a Discover It card, and was approved. I requested a $2900 balance transfer myself, but have no idea what my credit limit was. I did this on the advicce of a financial advisor. Hopefully, they'll transfer the whole amount... that would be idea. I'd then have a zeroed Chase card. I'm relieved that so many of you like Discover. I had one back in college, but paid it off and left it unused until it eventually closed itself, I guess. Don't even have that card.

So my question for you is, did you call the CSR after applying and submitting online to find out? I was thinking if that's all it takes, I can give them a buzz. After paying off my small Target card with my tax return, I'll be able to pay off this balance by the end of the year (yay snowball paments!) I guess I can wait until the end of the week, but it's killing me to know how much I got!
Just call a few hours after the approval and they will be able to give your CL.

Congrats and welcome to the Discover Family!
Awesome, thank you! Super fast answer. ;) (I'm a dedicated myFico user; best money I have *ever* spent!)

You are welcome! :smileyhappy:

Re: Discover It Approval

jakemod1 — Mon, 28 Jan 2013 22:07:32 GMT

Congrats! Yes, I called literally 15 mins after I applied online. A CSR transferred me to a credit analyst, answered a few questions, and I got my approval.

Re: Discover It Approval

mojobones89 — Mon, 28 Jan 2013 22:21:46 GMT

Anyone know if you can PC from discover More to discover It?

Re: Discover It Approval

newportguy — Mon, 28 Jan 2013 22:30:43 GMT

mojobones89 wrote:
Anyone know if you can PC from discover More to discover It?

Yes, all it takes is a phone call :)

Re: Discover It Approval

RedDragynLady — Tue, 29 Jan 2013 03:09:32 GMT

Okay, I got ahold of them, and they told me my limit! It's 1500. That means about half my requested transfer will likely go through. (Original request, $2900. Assuming that the full 1500 goes, that would be 1500 on the 0% APR card, and around $1400 on the 19.24% card.

Mathematically speaking, what would be best:

1) Paying the minimum on the high interest card, and paying down the 0% APR first, then transferring the remaining balance on the high interest card over.

2) Paying the minimum on the 0% APR card, and paying down the high interest card, then snowball that over to the 0% APR card.

3) Other