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2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

Established Member

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

Your missing my point. They give us a credit limit to go by, I did not go over my credit limit in fact I was about $1000.00+ away from it. They should at least wait & see if we are responsible enough to make the payments (of which I'm almost done), then take whatever actions necessary if we slip. I don't mind if they do what ever it is they do if I did something wrong. And that's another thing! Why give us credit limits we can't use or get close to. Do you work for them?

Chase Sapphire $5000/ Gap Visa $5000/ Discover$6500, Barclays Ring $5000, Chase Freedom $1,100.00/ Macy's $3000/ Best Buy $3400
Message 11 of 23
Frequent Contributor

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

You can get close to them. In some cases, go over them. The issue you have is with FICO scoring, not Discover. I think you need to understand FICO a little better, particularly utilization scoring. Discover needs to report something the CRAs each month, so they report statement balance. They are reporting positives (on time payment). I don't want to derail this topic with a 3+ paragraph explanation on why Discover is not trying to hurt your score and how you can stop the drop yourself. I'm not trying to be mean and I do not work nor have I ever worked in a credit related position.

 

I was simply trying point out information that, while good advice, wasn't 100% accurate (The part about not being able to use the full CL if needed).



|| Barclaycard Rewards Visa $5500 || AMEX BCE $2000 || Discover IT $3000 || Amazon Rewards Visa $1800 ||
|| Chase Freedom $2700 || CSP $5000 || Chase Marriott Premier $7500 || Sallie Mae MC $3800 ||

FICO Scores: EX 752 (3/13/13) || EQ 782 (10/4/13) || TU 724 (1/18/13)

In the garden as of 10/12/2013
Message 12 of 23
Established Member

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

I apologize, I know your only trying to be helpful. Didn't mean or want to sound arrogant, disrespectful or unappreciative for you comments & advice. Your information has been interesting & helpful. I will look into those topics you mentioned.

 

Thanks Again.

Chase Sapphire $5000/ Gap Visa $5000/ Discover$6500, Barclays Ring $5000, Chase Freedom $1,100.00/ Macy's $3000/ Best Buy $3400
Message 13 of 23
Established Member

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

I also thought they were joking, it must have cost them more to process, Smiley Very Happylol. But sadly they weren't, but at the end I can walk in there and buy what ever I want without feeling the pain for about 25 days. You dont want to owe them for too long. I think they have the highest interest rate out there.

Chase Sapphire $5000/ Gap Visa $5000/ Discover$6500, Barclays Ring $5000, Chase Freedom $1,100.00/ Macy's $3000/ Best Buy $3400
Message 14 of 23
Frequent Contributor

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

My wife just got a job there and Macys will not give their staff the employee discount unless they use the Macy's credit card. That really seems horrible to me as it seems they.just want their staff to go onto debt and pay back the discount through interest. I refuse the buy anything there for that reason.
Message 15 of 23
Established Member

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

Sorry to hear that. Macy's is not a bad store, you just can't get carried away buying stuff there. They try to get you anyway they can. Take for example their Amex cards, the only way you can get one from them is if you spend 1,000 a year on the grey card & I think its 5 or 10,000 for the black card a yearSmiley Surprised!!! I may be able to do the $1,00 for the first 2 years, but after that they can have it back. Now, who the hell is going to spend $5 or $10,000 a year in the store? Perhaps if they would to sell groceries & rent me a space to sleep in. They do sell expensive furniture, but you only need to furnish your place once.  I have the Macy's Red Card $3,000 limit, but I will not commit to spending a certain amount for the privilege of a Macy's Amex.

Chase Sapphire $5000/ Gap Visa $5000/ Discover$6500, Barclays Ring $5000, Chase Freedom $1,100.00/ Macy's $3000/ Best Buy $3400
Message 16 of 23
Established Member

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

Who are the MODSSmiley Surprised???

Chase Sapphire $5000/ Gap Visa $5000/ Discover$6500, Barclays Ring $5000, Chase Freedom $1,100.00/ Macy's $3000/ Best Buy $3400
Message 17 of 23
Established Member

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

Who are the MODSSmiley Surprised???

Chase Sapphire $5000/ Gap Visa $5000/ Discover$6500, Barclays Ring $5000, Chase Freedom $1,100.00/ Macy's $3000/ Best Buy $3400
Message 18 of 23
Established Member

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

My sincere apologies to those offended & Discover, But who ever the MODS are they must understand how hard it is to get a high score & for NO understandable reason have it dropped. I admit, Im one of those people who didnt know that we could only spend a certain amount of our credit limits. And I still dont know exacly what that amount is. Some say 10%, others say 25%. That really got me upset & havnt used Discover since. I still think it was wrong.  

Chase Sapphire $5000/ Gap Visa $5000/ Discover$6500, Barclays Ring $5000, Chase Freedom $1,100.00/ Macy's $3000/ Best Buy $3400
Message 19 of 23
Frequent Contributor

Re: 2 months secured credit history: denied capital one, approved DISCOVER IT! CONFUSED.

So I just received the card and it said my fico score was.not available from TU which baffles me. Plus credit karma didn't show an inquiry. How could they approve me without a score??
Message 20 of 23