Reply
Senior Contributor
youngandcreditwrthy
Posts: 6,242
Registered: ‎08-16-2012
0

Re: Bit the bullet and applied for Discover It today....

I got approved with an initial $4k line with a 688 EQ
Unless your relationship with Discover adversely affects your application,
You should be

APPROVED 😄
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Member
kmkotas
Posts: 76
Registered: ‎04-30-2013
0

Re: Bit the bullet and applied for Discover It today....

Y'all were right! I was approved with a $5,000 credit line! The employee 7.99% APR isn't bad either (even though I pay it in full so this doesn't really matter lol). Yay!!

1st Financial Bank USA Mastercard (2007) $1,900.00
Chase Sapphire Preferred (2008) $16,000
American Express Gold (April 2013) NPSL
Discover It (April 2013) $5,000
**Experian 765, Equifax 782, TU 787**
Valued Contributor
parakleet
Posts: 1,145
Registered: ‎04-13-2013
0

Re: Bit the bullet and applied for Discover It today....

Wow. That 7.99 is very impressive! Congrats! 


Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
Goal: 760+
Member
kmkotas
Posts: 76
Registered: ‎04-30-2013
0

Re: Bit the bullet and applied for Discover It today....

Thank you! At first I didn't anticipate to use this card much at all since my primary reason for wanting it is because they only accept cash and discover in the cafeteria and having to stop at the ATM was a real pain. But I'll see how I like the card and I just may use it more than expected. Right now I put most of my charges on my American Express Gold.

1st Financial Bank USA Mastercard (2007) $1,900.00
Chase Sapphire Preferred (2008) $16,000
American Express Gold (April 2013) NPSL
Discover It (April 2013) $5,000
**Experian 765, Equifax 782, TU 787**
Member
kmkotas
Posts: 76
Registered: ‎04-30-2013
0

Re: Bit the bullet and applied for Discover It today....

Any guesses as to how many points my scores are going to drop after opening two new accounts during the month of April? Ahhh....:smileylol:

1st Financial Bank USA Mastercard (2007) $1,900.00
Chase Sapphire Preferred (2008) $16,000
American Express Gold (April 2013) NPSL
Discover It (April 2013) $5,000
**Experian 765, Equifax 782, TU 787**
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: Bit the bullet and applied for Discover It today....

Congrats 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/13


Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011
0

Re: Bit the bullet and applied for Discover It today....

Congrats on that approval and nice CL!!!

And since everyone's credit profile is different it is impossible to guess how many points your score will drop if it does. Heck your score just may bump up some. I wouldn't worry about it at all. You've got what you wanted and little more with that nice APR so just be happy :smileyhappy:.

Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
Regular Contributor
dp321
Posts: 166
Registered: ‎04-16-2011
0

Re: Bit the bullet and applied for Discover It today....

I guess about 30, all other things being the same. 


Starting Score: EQ: 703 (4/2011);
Current Score: EQ: 738 (04/2013)

Goal Score: ALL 800

Take the FICO Fitness Challenge
Member
kmkotas
Posts: 76
Registered: ‎04-30-2013
0

Re: Bit the bullet and applied for Discover It today....

30 points?! really?!

1st Financial Bank USA Mastercard (2007) $1,900.00
Chase Sapphire Preferred (2008) $16,000
American Express Gold (April 2013) NPSL
Discover It (April 2013) $5,000
**Experian 765, Equifax 782, TU 787**
Valued Contributor
indiolatino61
Posts: 1,483
Registered: ‎11-10-2012
0

Re: Bit the bullet and applied for Discover It today....


kmkotas wrote:

Hi everyone! I am new to this form and super excited I'm not the only one that is neuotic about my credit score, lol! Well let me give you all some background. I currently work for Discover and finally decided to go ahead and apply for the dang card simply because our building only accepts cash and discover in the cafeteria. I never carry cash and having to stop at a Chase ATM once a week was getting very annoying. So finally after 7 months I go ahead and apply for the IT card. Well, I have a score of 773 with Transunion, Experian and Equifax. I get the dreaded "Your application is being processed and we will contact you within 5-7 days" message. I was so irritated so I called the "backdoor" number that I found while lurking around on this forum : ) Well, since I am an employee they were not allowed to pull up my application. WHAT?! I am so mad, I usually get instant approval for everything! I am not sure if this is because I opened my AmEx Gold card last week or if it is just because I am an employee and they are super nosy.

 

Anyways, my question is how much do you think my score is going to drop from having two inquiries this month from AmEx and Discover? I really hope I don't regret this decision. Thanks guys!!


The score drop for 2 inquires will rebound in a couple of months most likely, so don't worry.

 photo Logo-CreditCardCollection-DataInclusive_zpsf395b751.jpg

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}