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Any Reason Not to App for Discover?

Valued Contributor

Re: Any Reason Not to App for Discover?

Unless you shop online, where you can take advantage of ShopDiscover,

 

Chase Freedom > Discover More.

 

* Discover has this spending tier where you need to spend $3000 above annually to get 1% base cashback.

* Discover imposes tiny cap on bonus category vs Chase.

* Discover has some "weak" categories, like grocery for only a month.

* In terms of acceptance, Discover will never beat Visa/MC.

Message 11 of 50
Frequent Contributor

Re: Any Reason Not to App for Discover?


trumpet-205 wrote:
* Discover has this spending tier where you need to spend $3000 above annually to get 1% base cashback.

I did not know that!  That's cheesy!  But yep, I see that in their FAQ now.  Wow.

5/2002 - Chapter 7
7/2011 - Equifax FICO 693
5/2012 - Equifax FICO 812! In the "800 Club!"
2/2013 - Lender-pulled EQ FICO 821 (car loan)
7/2014 - Lender-pulled EQ FICO 832 (car loan)
Message 12 of 50
New Contributor

Re: Any Reason Not to App for Discover?

I would app for them both if I were you.

Amex Blue 22.7k // Chase Freedom 24.2k // Chase Sapphire preferred 10.7k // Amex Starwood preferred Guest 5k // BofA Cash Rewards Visa 5k // BofA Cash Rewards MC 5k // Discover More 4.2k // Dell Financial Services 7k
Exp 787 // Equifax 784 // Transunion 780
Message 13 of 50
Valued Contributor

Re: Any Reason Not to App for Discover?


steve23111 wrote:

trumpet-205 wrote:
* Discover has this spending tier where you need to spend $3000 above annually to get 1% base cashback.

I did not know that!  That's cheesy!  But yep, I see that in their FAQ now.  Wow.


Also, stores like Walmart and Dollar Tree falls into warehouse/discount category, as such, always earn 0.25% cashback on Discover More.

 

Personally, Discover More is the weakest 5% rotating cashback CC. Unless you shop online frequently, and can take advantage of ShopDiscover that is.

 

Chase Freedom > Citi Dividend > Discover More.

Message 14 of 50
Frequent Contributor

Re: Any Reason Not to App for Discover?

Well, I just pulled the trigger and applied for the Chase Freedom.  Got the "Decision Pending" page, will be notified within 10 days.  Oh well.

5/2002 - Chapter 7
7/2011 - Equifax FICO 693
5/2012 - Equifax FICO 812! In the "800 Club!"
2/2013 - Lender-pulled EQ FICO 821 (car loan)
7/2014 - Lender-pulled EQ FICO 832 (car loan)
Message 15 of 50
Established Contributor

Re: Any Reason Not to App for Discover?

did you call the BACKDOOR number to do RECON. it could be something simple as verifing some info or may need to ask about something on your CR. i CANNOT see chase dening you the card with your kind of scores. the number is 1-888-245-0625. i would  def. take a minute to call as you have already taken a HP



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 Smiley Wink
Message 16 of 50
Frequent Contributor

Re: Any Reason Not to App for Discover?

And what do I do, just ask to check on the status of the application?

5/2002 - Chapter 7
7/2011 - Equifax FICO 693
5/2012 - Equifax FICO 812! In the "800 Club!"
2/2013 - Lender-pulled EQ FICO 821 (car loan)
7/2014 - Lender-pulled EQ FICO 832 (car loan)
Message 17 of 50
Established Contributor

Re: Any Reason Not to App for Discover?

yea, you will be directly speaking with a credit analyst. tell them you just apped for the freedom and got the 7-10 message and that you were wondering if they needed some additonal info to approve the application. at any point in the conversation the analyst tells you your online app was denied tell him you would like to request a RECONSIDERATION or manuel review of the applicaton. it should go well in your direction.if you dont mind, come back here and update me on what happens and if you have any more questions, good luck 



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 Smiley Wink
Message 18 of 50
Frequent Contributor

Re: Any Reason Not to App for Discover?

They want an account number or reference number.  I don't have either one.

5/2002 - Chapter 7
7/2011 - Equifax FICO 693
5/2012 - Equifax FICO 812! In the "800 Club!"
2/2013 - Lender-pulled EQ FICO 821 (car loan)
7/2014 - Lender-pulled EQ FICO 832 (car loan)
Message 19 of 50
Established Contributor

Re: Any Reason Not to App for Discover?

That # should put you directly in touch with a live person. When they answer and still ask for an acct or ref. Number just tell them you just apped for the freedom card and and ask them if they would please pull your app up and then just follow what I said in my previous post


Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 Smiley Wink
Message 20 of 50