03-01-2013 07:25 AM - edited 03-01-2013 07:26 AM
Was approved for a $1,200 limit yesterday and I'm ELATED! I had a TU of 670 and a CK of 639 at the time. Had 6 inquiries (5 from buying a car last summer, and 1 from Comcast from when I moved in Dec). I applied with BTs, so maybe that helped. Have been trying to clean up my credit for the past few years, and just recently I've been in TURBO cleaning mode . Still have high util of 100%, because Express dropped my limit to $550 from $2300 when I was carrying a balance of $1800, because of 1 late payment (less than 30 days!)! Argh!! Got it paid down to $800, though, but still showing as high util. Discover IT, with its low BT rate will help me clean up my credit even faster ! The Express card is the first item I transferred!
Credit Karma advised AGAINST applying for this card. I thought I was going to receive a big fat DENIAL, so I had my boyfriend prepped to be a joint applicant should Discover come back with a denial and offer the option of a joint applicant. I had been gunshy for apping because of all the denials in past years - I had a federal tax lien placed on my credit in 2004 for $8K (I was only 18!) - long family drama story - which I pad off in 2009, so I think that was the source of all my past denials. Its still showing up, but its showing as paid.
I figured that since Wells Fargo approved my car loan last summer, and with my focus on paying down my cards, I might have a chance...I was blown away to see the approval! Online app was quick and easy...didn't approve me right away, sent me to another screen to ask about income and such, and after that I was approved online...no phone calls or anything!
Thanks for giving me a boost Discover! Now I can get my balances under control, watch my score go up, save on interest, and enjoy peace of mind! So exciting!
I also want to mention that I applied for the Chase Slate card immediately after, and received the 7-10 decision jargon. I did NOT apply with BTs, like I did with Discover, but I planned to initiate BTs upon approval. I called the backdoor number for Chase and was told that I am going to be denied based on my util. I told them that I had just made large payments on all my cards, and they said to call back in 30 days when those changes post to my credit report. I totally forgot to tell them that I intend to do balance transfers! I'm going to call again today and tell them all my intentions, and see what happens. Wish me luck!
03-01-2013 07:37 AM
03-01-2013 07:39 AM
03-01-2013 09:05 AM - edited 03-01-2013 09:06 AM
03-01-2013 09:06 AM
BTs are balance transfers.
03-01-2013 09:15 AM
My pops just got approved for 3k with them. Awesome card from what I'm reading.
03-01-2013 09:48 AM
Recon that Slate!! Chase recon is great from what I hear.
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