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Discover IT Help --- update!

New Contributor

Discover IT Help --- update!

Its the end of 2012 and I am ready to close out my credit one account, what is my next move ? My credit one has been open about a year and has a limit of 500.. The high AF, low limit, high % and no rewards make me want to light this one on fire... I am ready to take a INQ but I don't want to it to be for nothing.. 

 

Can any current card holders give me info on approval chances with Discover IT ?

 

9 open trade lines

UTI is 30%

 

INQS EX- 21 TU-8 EQ- 19 last two years

 

one the job for 6 years at the house for 8 years 

 

income just over 75k I took a pay cut this year :'/

 

last missed payment was 3 years ago 1 showing collection on EX for 200 

 

one charge off for 1100 that was paid in full in 07 ( cap one ) 

 

walmart currently showing 656 small drop from last month ( I let my AMEX report a balance )

 

I am 99.99 percent Ready to app on this one, I was talking to a buddie who said the IT would be mid to upper 600's with paid collections friendly.   But I have had two drinks and think its best to find out from those of you who know more. Thoughts?

 

** UPDATE** decided to just do it! apped and approved my highest limit as well, have my own 1k card now ( i know its not much but its a start) thanks for the info guys

 






Message 1 of 16
15 REPLIES
Contributor

Re: Discover IT Help

I don't want to be a late night downer, but u should try and get UTL down and then try and find someone who pulls TU.  idk what discover Pulls.

Age 29
AU- United+ Visa 33k, *97. GM MasterCard 15k, *95.
Individual- PenFed Plat Rew 7k, *08. Amex Blue 6.7k, *12. Hilton Amex 5.5k, *12. Chase Sapphire 15k, *12. U.S. Bank Cash+ 12.3k, *12. Barclays Priceline.com Rewards Visa 11k, *13. Citi DoubleCash (PC'd in *14) 7k, *13. Club Carlson Premier 9k, *13.
Message 2 of 16
New Contributor

Re: Discover IT Help

I had the same thoughts. I took the plunge and applied tonight. I didn't get the instant denial. I received a message to call in during business hours. Probably to verify information.

Starting Score: EQ: 605 (10/21/2012) Trans/Walmart: 641(10/26/2012)
Current Score: EQ: 678 (4/9/13) Trans/Walmart: 693 (5/13/13) EX: 648 (4/10/13) Lender pull

Message 3 of 16
Valued Contributor

Re: Discover IT Help

The Discover IT card is the new More card. It maybe harder to get with your profile, but maybe if youre approved then they would give you a toy limit YMMV

The Discover Motiva card would be the easiest card they offer IMHO

Last Pulled EQ: 809
Last Credit Card App: 02/05/2016
Last CLI: 02/06/2016
Find Me: Gardening
Message 4 of 16
New Contributor

Re: Discover IT Help

Thanks guys, yeah I thought even if I did get approval my uti was too high to get a nice prime limit.. Granted I have been building my credit up for a year my high is only $750 from both GE and Capone. I will wait and see what others say.. How about another question should I weed out my low limit cards now ? I have four cards under 500 limit that I don't use at all.. All open just about a year is it time to go ?

 

target, express, and two jewelry cards Jared's galleria and key jewelers ranging from 200-350 limits do these hurt my chances for a higher limit ?






Message 5 of 16
New Contributor

Re: Discover IT Help

Discover pulls equifax. If ur marginal they might pull transunion as well.
Citi Thank You $13,200 - Chase Freedom $3,100 - AMEX Zync NPSL (init. ability $17.5K) - Citi Forward $7,000 - AMEX BCP $6,000 - USAA Rate Adv $15,000 - USAA World MC $12,000 - Discover More $4,000 - Amex Hilton Honors $4,500 - Amex SPG $2,000 - Barclay's Priceline Rewards $6,400 - Chase Sapphire Pref. $7,500

EQ: 794. TU: 704. EX: 755
Message 6 of 16
Valued Contributor

Re: Discover IT Help

Cngrattttttttttreatwe treat them welll


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 7 of 16
Frequent Contributor

Re: Discover IT Help --- update!

Congrats!  Discover is awesome.

AMEX BCE, Discover IT, Citi Forward, BoA Travel Rewards, Barclaycard Cash Forward
Message 8 of 16
New Contributor

Re: Discover IT Help

I called customer service today and my application could not be found. I decided not to apply again because my Merrick will double to $2000 next month and it will be my highest CL. Once that line reports I'll apply for the IT and hopefully get at least a $3000 limit.

Starting Score: EQ: 605 (10/21/2012) Trans/Walmart: 641(10/26/2012)
Current Score: EQ: 678 (4/9/13) Trans/Walmart: 693 (5/13/13) EX: 648 (4/10/13) Lender pull

Message 9 of 16
New Contributor

Re: Discover IT Help --- update!

Congrats!

Starting Score: EQ: 605 (10/21/2012) Trans/Walmart: 641(10/26/2012)
Current Score: EQ: 678 (4/9/13) Trans/Walmart: 693 (5/13/13) EX: 648 (4/10/13) Lender pull

Message 10 of 16