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Regular Contributor
cowboyguy
Posts: 197
Registered: ‎07-26-2012
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Discover IT - Best Place to Apply

I was thinking about applying for Discover IT and was wondering what the best place is to apply at.

 

My wife is an existing card holder so she can send me a referral link. If I get approved, both of us will get $50 referral bonus. The problem is, I might not be able to take advantage of the 18 months balance transfer offer using this option. Can I?

 

Also, Amazon gives a $75 gift card after first purchase if applying through their website. There’s also a 14 months 0% APR and balance transfer feature with them.

 

What do you guys think is the best option?

Walmart Discover $10,000... Chase SW $8,500... Freedom $7,000... CSP $6,000... Amex Delta $3,000... Amex BCP $2,000... Local CU $1,500...
Super Contributor
enharu
Posts: 6,972
Registered: ‎02-27-2013
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Re: Discover IT - Best Place to Apply

Do you need the 18 months? If you do, then you can't use the referral bonus or the amazon bonus.

If you do need that long to finance a purchase, you can consider citi simplicity as well. There's a 21 month offer going around
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Regular Contributor
cowboyguy
Posts: 197
Registered: ‎07-26-2012
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Re: Discover IT - Best Place to Apply

enharu,

Since my purpose is to get a balance tranfer offer, I'll try to negotiate for the maximum possible CLI through this application.

Do you know who, among Discover and Citi, is famous for granting high initial CL when doing a balance transfer at the time of application?
Walmart Discover $10,000... Chase SW $8,500... Freedom $7,000... CSP $6,000... Amex Delta $3,000... Amex BCP $2,000... Local CU $1,500...
Super Contributor
enharu
Posts: 6,972
Registered: ‎02-27-2013
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Re: Discover IT - Best Place to Apply

Citi can be extremely quirky for some people and there's essentially little to no means of recons. If you are not confident of an approval, its best to not go this route, because you are most likely going to be stuck with whatever CL they give you. Then again, the requirements are just about the same for chase and other prime banks, so its not really hard to get approved either. Do you have a lot of recent inquiries or new account? Or an high utilization?

Discover is easier to get approved for compared to citi. Some people have been able to get a temporary CLI for BT purposes, while some got a permanent CLI. It's gonna be a ymmv situation as well.

Citi is more generous with initial CL as well in my opinion.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Frequent Contributor
RSCo
Posts: 472
Registered: ‎02-11-2013
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Re: Discover IT - Best Place to Apply

Call them and do it over the phone with a live person.. You'll get a better CL..

Citi Hilton Honors: $25,000 -- Amex PRG: $NPSL -- Citi TY Premier World: $9,880 -- NWFCU: $7,500 -- Citi Home Depot: $7,000 -- Citi AAdvantage Platinum Visa Sig: $5,000 -- Visa Black Card: $5,000 -- Discover IT: $5,000 -- AmexTrueEarnings: $5,000 -- Amex Gold Delta: $4,500 -- Pottery Barn: $4,000 -- Ethan AllenGE: $4000 -- Chase Slate: $2,500 -- CapOne Platinum: $2,500 -- CapOne Platinum: $2,500 -- AmazonGE: $2,200 -- Barclays BJs: $1,800 -- WalmartGE: $1,500 -- PenFed LOC: $500
Regular Contributor
cowboyguy
Posts: 197
Registered: ‎07-26-2012
0

Re: Discover IT - Best Place to Apply

[ Edited ]
What if I apply for the card online and then after getting approved, call them and ask for a CLI based on balance transfer reason? Do they normally give a CLI through this route?
Walmart Discover $10,000... Chase SW $8,500... Freedom $7,000... CSP $6,000... Amex Delta $3,000... Amex BCP $2,000... Local CU $1,500...
Super Contributor
enharu
Posts: 6,972
Registered: ‎02-27-2013
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Re: Discover IT - Best Place to Apply

Citi would be quite unlikely.

Discover seems to be more negotiable about that but it depends on your overall CR
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Contributor
Petraeus
Posts: 88
Registered: ‎05-21-2013
0

Re: Discover IT - Best Place to Apply


enharu wrote:
Citi can be extremely quirky for some people and there's essentially little to no means of recons. If you are not confident of an approval, its best to not go this route, because you are most likely going to be stuck with whatever CL they give you. Then again, the requirements are just about the same for chase and other prime banks, so its not really hard to get approved either. Do you have a lot of recent inquiries or new account? Or an high utilization?

Discover is easier to get approved for compared to citi. Some people have been able to get a temporary CLI for BT purposes, while some got a permanent CLI. It's gonna be a ymmv situation as well.

Citi is more generous with initial CL as well in my opinion.

Agreed. Citi approved my second CC with a CL of 7K, my highest initial CL ever to start.

FICO® Avg: 732 (11/2013)
Notable CC: AMHFCU® PLATINUM MASTERCARD $25K | Chase Marriott Rewards SigVisa $12K | AmEX PRG NPSL | BoA Cash Rewards Signature® Visa $12K | AmEX BCE $9K | Citi Diamond Preferred $10K | Chase Freedom Signature Visa $5K | BoA Travel Rewards® Signature® Visa $5K
Current Overall CL: $139K | UTL: 18% | AAoA 3yrs | Gardening since 11/26/2013
Future CC: Chase Sapphire Preferred Visa Signature®
Future CLI: AmEX BCE 2/2014 | Fico goal: 760+
Frequent Contributor
Laugh
Posts: 254
Registered: ‎12-29-2012
0

Re: Discover IT - Best Place to Apply

Well if you need the extra 4 months, go for the referral link.

If you do decide to apply on the phone, the best place would be next to the windows. You don't want a dropped call while applying.
Cards: CSP 6k, Chase Freedom 6k, BCP 7.5k, Sallie Mae 8.9k, Discover 5k, BOFA Better Rewards 3.8k
Regular Contributor
cowboyguy
Posts: 197
Registered: ‎07-26-2012
0

Re: Discover IT - Best Place to Apply

Laugh,

You misunderstood it. The friend's referral link doesn't have any 0% APR feature.
Walmart Discover $10,000... Chase SW $8,500... Freedom $7,000... CSP $6,000... Amex Delta $3,000... Amex BCP $2,000... Local CU $1,500...

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