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Discover IT - do they really want me?

New Member

Re: Discover IT - do they really want me?

Glad you asked.  I'm trying to fix my credit and establishing a line of revolving credit--while keeping my installment credit in good standing--appears to be the fastest way to get there.  When I say "use" I mean increase the line at as low of a utilization rate as I can.

 

I went "off the grid" dredit wise a couple of years ago and didn't have any credit cards--I was 100% debit and cash.  It taught me how to live very much within my means, of course.  However, when i suddenly needed to do things last year, like get an appartment and furniture, I found myself getting turned down for financing offers tht I would have never had problems getting 2 years before.

 

From everything I've read, my credit had taken a dive because of my off-the-grid experimet.

Bureau ......... April 12 .. Feb 13
Equifax ......... 689 ......... 669
Experian ....... 668 ......... 670
TransUnion .. 634 ......... 671

Goal: get a mortgage
Message 11 of 18
New Member

Re: Discover IT - do they really want me?

Holy crap!  They gave me a CL of $10k!  I'm gonna have a sick CU now!  I've been paying cash for everything for the past 2 years.

 

Wow.  I swear to you guys, I'm not a troll, LOL!

Bureau ......... April 12 .. Feb 13
Equifax ......... 689 ......... 669
Experian ....... 668 ......... 670
TransUnion .. 634 ......... 671

Goal: get a mortgage
Message 12 of 18
Senior Contributor

Re: Discover IT - do they really want me?


Glen_Livet wrote:

Holy crap!  They gave me a CL of $10k!  I'm gonna have a sick CU now!  I've been paying cash for everything for the past 2 years.

 

Wow.  I swear to you guys, I'm not a troll, LOL!


Wow what an awesome CL, I guess they did really want you

Message 13 of 18
Senior Contributor

Re: Discover IT - do they really want me?


Glen_Livet wrote:

Holy crap!  They gave me a CL of $10k!  I'm gonna have a sick CU now!  I've been paying cash for everything for the past 2 years.

 

Wow.  I swear to you guys, I'm not a troll, LOL!


Congrats Glen ! This is a really nice CL! 

Move the mouse over the cards for detailed view!
....Last HP 01 NOV 2016...............
Message 14 of 18
Moderator Emerita

Re: Discover IT - do they really want me?

Message 15 of 18
Valued Contributor

Re: Discover IT - do they really want me?

Yeah, to get an initial CL like that from Discover is AAAA-mazing!

 

I know they seem to have loosened their normally conservative selves up for the It card. But that's still a whomping big CL for them!

 

Congrats for sure.

Message 16 of 18
Established Contributor

Re: Discover IT - do they really want me?

Guess its safe to say you are officially on the grid now!!!!


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Message 17 of 18
New Member

Re: Discover IT - do they really want me?

Ha ha... very much ON.

 

Thanks everyone.

 

Had another follow-up question... I never thought of this before, but I saw someone else asking about your first purchase on a new card.  I was thinking about buying an airline ticket to inaugurate this thing.  I’m going to Europe this summer with some buddies so the ticket would be about $1,000 or 10% of the CL.  Is this a good idea or a bad idea?  Or, does it not make any difference.  It’s not a cash flow issue.  I could easily just dip into my savings account.

 

Or, might I also consider opening an airline card when I purchase the ticket.  This would be my 5th or 6th hard inquiry in the past 2 years.

Bureau ......... April 12 .. Feb 13
Equifax ......... 689 ......... 669
Experian ....... 668 ......... 670
TransUnion .. 634 ......... 671

Goal: get a mortgage
Message 18 of 18