Credit Card Center Advertiser Disclosure†
12-04-2013 06:23 PM
I applied for the Chase Freedom card in January of this year. My score watch on here through Equifax was 707. I'm not sure which one Chase uses to check. Approved, but my limit was $800. Surprisingly low considering what I've seen others getting on here with similar scores and histories.
Last week I applied for the Discover It card. I've been getting their spam via snail mail 3 or 4 times per week for months now. It seemed equivalent to the Freedom card, so I figured I'd apply.
I was approved and, to my surprise, the limit came back to be $6000. To make it even more surprising, the report that came with it says they used Experian and the score was 676 (BS).
While I'm happy I have both cards, and I'm stoked about the limit, I can't say I understand why the one limit is nearly 10x the other limit under the same financial circumstances and history and with that kind of score disparity. I wish the Freedom card had a similar limit. Honestly, it's what I was expecting when I applied earlier this year. Oh well, at least I have the card.
12-04-2013 06:32 PM
12-05-2013 01:09 AM
Congrats! Thanks for sharing.
12-05-2013 01:23 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.