Discover Card Which one & when ?

Brian_Trying_700 · ‎02-22-2012

I need some advice here. Here is a quick breakdown.

Loan on car April 2011

Capital One June 2010 Credit $1750.00 Balance $205.00

Amex Zynx October 2011 Credit $500.00 Balance 0.00

Orchard Bank November 2010 Credit $300.00 Balance 0.00

Macys June 2005 Credit @ $100.00 haaaa Balance 0.00

I have never missed any payments and only use about 30% credit on each card I have. My Fico score is a 659. I have on my credit report baddy for $200.00 from 4 years ago and plan on leaving there. Im thinking about apply a Discover Card, but which one. I go out to dinner a lot. I'm not a big shopper though. The reason why I want a Discover card is because I'm looking to purchase a home. Any help..... Which card and when should I apply ?

Garden mode till 11/19/2013 Amex Zync 500 H-L I Discover More 1750 I Capital One Rewards 1750 I Barclay Apple 1500 I Macys 2000 I Orchard 400 I Walmart 2000 I Chase Freedom 1500 I Lowes 1K l Barclay NFL 1K l Wright Express gas 2500 l PayPal Debit MasterCard BusinessCard $ ?

Anonymous · ‎02-22-2012

Try to see if you're qualified for a pre approval first.

https://www.discovercard.com/cardmembersvcs/acqs/app/chooseMyOffer/findMyOffer?

GL

TBC

Brian_Trying_700 · ‎02-22-2012

I hope my 659 credit would be ok. I'm affaid to take a enquiry since I have none. Should I wait till like June. I would like a 700 credit score. If i apply now I might get a lower credit score or $ limit.

Garden mode till 11/19/2013 Amex Zync 500 H-L I Discover More 1750 I Capital One Rewards 1750 I Barclay Apple 1500 I Macys 2000 I Orchard 400 I Walmart 2000 I Chase Freedom 1500 I Lowes 1K l Barclay NFL 1K l Wright Express gas 2500 l PayPal Debit MasterCard BusinessCard $ ?

Anonymous · ‎02-22-2012

The link I gave above is a soft pull on your credit not a hard. It is only to tell you if you qualify, if you get an offer from the link go for the full app (hard pull)

TBC

FrugalRican · ‎02-22-2012

I tried using the pre approval form once and it said that it had no pre approval offers for me because I wasn't in their records.

Well, duh.

Follow my financial journey: http://www.frugalrican.com

EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Brian_Trying_700 · ‎02-22-2012

Would it be better to wait for a better credit score for a better credit limit. Or should I get my foot in the door.

Garden mode till 11/19/2013 Amex Zync 500 H-L I Discover More 1750 I Capital One Rewards 1750 I Barclay Apple 1500 I Macys 2000 I Orchard 400 I Walmart 2000 I Chase Freedom 1500 I Lowes 1K l Barclay NFL 1K l Wright Express gas 2500 l PayPal Debit MasterCard BusinessCard $ ?

Anonymous · ‎02-22-2012

What kind of baddies do you have on your CR?

FrugalRican · ‎02-22-2012

@Brian_Trying_700 wrote:
I have on my credit report baddy for $200.00 from 4 years ago and plan on leaving there.

That's his baddy.

I've personally heard stories of Discover not liking baddies too much, but it is from 4 years ago, so not sure.
I've thought about applying to them but I'm going to try to get my util down (currently at 28%).

Follow my financial journey: http://www.frugalrican.com

EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Anonymous · ‎02-22-2012

@FrugalRican wrote:
@Brian_Trying_700 wrote:
I have on my credit report baddy for $200.00 from 4 years ago and plan on leaving there.

That's his baddy.

I've personally heard stories of Discover not liking baddies too much, but it is from 4 years ago, so not sure.
I've thought about applying to them but I'm going to try to get my util down (currently at 28%).

+1

SoulMaster · ‎02-22-2012

I got my Disco More 11 mo after a BK7 discharge, so I don't know how much Discover doesn't like Baddies.

FWIW, I didn't have any thing listing on the pre-approval Disco site either. I apped for the card on thier site w/ 0% intro and a CB bonus for X spend in 3 months, got declined for that offer and it came back with "But we CAN approve you for 3.9% intro APR". It didn't make any mention of getting the bonus, I'm guessing I won't get one, but my 3rd statement won't cut until tomorrow.

YMMV.

-SM

I am not an attorney and none of what I write should be construed as legal advice. For legal advice please consult an attorney.

Starting Score: ~470 preBK(8/2010)
Current Scores as of Late January 2016 All 700+. Last CR pull from a lender(housing) was mid-score 749.
Goal Score: 700+ - reached.