06-02-2011 10:27 AM
Today I applied for a Chase Freedom card and got approved with a $5k CL. This is the only inquiry I have had since about a year and a half ago. I am also interested in applying for the Discover More card. Should I do that now or wait a few months. I don't know if Discover will see I have a recent inquiry or my other cards see I have multiple inquiries within a few days of each other and send a red flag up. Any advice? Thanks!
06-02-2011 10:38 AM
If it were me I would definitely apply for it now.
06-02-2011 10:59 AM
I'd definately say it's worth trying now...
If they try and bug you about too many recent inq, just recon.
I applied for mine back in December after applying for my Citi Forward (approved 2300), Amex Blue Cash (Declined) and USAA CLI (Declined).
They gave me too many inq, but one phone call for recon and it was approved in all of 5 minutes.
My credit has improved quite a bit now, just got approved for Amex Blue Cash Preferred and Gold Preferred and got a CLI on the Forward.
06-02-2011 12:23 PM
Personally I would stay away from Discover. They are too conservative. I would go with BOA
if you are looking for a decent limit. I apped with them with a 740 TU and they gave me $2500 with
17.9% APR with 2 inq in the last year. My AAoA is about 4.5 years. Clean history. Lots of student loans.
My highest limit was $4k at the time. Just an FYI.
I would app now, but would go with BOA, their Amex Rewards is a pretty solid card, I hate Amex bank
so I go through them for an Amex. Started with $2500 and 30 days later they increased to $4000. APR is 12.9%
06-02-2011 01:09 PM
Personally I would wait. We've read here repeatedly what banks like Barclay would do here. You could create the impression--at least to Discover--that you need a lot of credit in a hurry (more than any one lender is offering you.)
06-02-2011 01:21 PM
06-02-2011 01:47 PM
Today I applied for the PSECU VISA/PLS and was approved for $20k, then I went and applied for the Discover, instant approval of $3500.
After reading this thread I am a bit scared they'll lower the limit if they do a soft pull before sending the card, would that happen? Has anyone applied for other cards as well as a Discover and had any issues?
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.