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Frequent Contributor
Jarnog
Posts: 255
Registered: ‎12-31-2013
0

Discover IT

Was wondering if anyone could give advice on approval odds?

 

I know that I would most likely get declined (595 TU score from here as of Jan 20th). 

 

But my DW wants to app.  She just pulled her TU score from here and it says 644.  She currently has a few cards as follows:

 

Cap 1 Secured $300

Cap 1 Quicksilver One $500

NFCU goRewards $4000

NFCU Secured $600 (joint card with me)

And a couple of the "cart trick cards"  $250 limit on all

 

I know I have read through the boards and seen people approved with less and most of the time they look at TU.  We are in rebuild mode - about halfway thru it all, and would love to get "in" with Discover.  Just hate to get that HP.  She did try the pre-qualify thing, but no luck - just says we recommend this and shows the IT card. 

 

She has a few baddies on her report, all medical and over 2 years old...we are working on those atm. 

Utilization is around 30% total

And the cart cards and goRewards are basically new - 2 statements into those

 

Any advice is greatly appreciated :smileyvery-happy:

Regular Contributor
TRC2k13
Posts: 218
Registered: ‎03-02-2013
0

Re: Discover IT

I would say no chance.

Discover isn't BK friendly.
Member
MoneyHunnie
Posts: 23
Registered: ‎02-08-2014
0

Re: Discover IT

[ Edited ]

I got approved for it after receiving a preapproved letter in the mail. They pulled TU which at the time was 652 with 11 baddies all 180 day lates from end of 2012- early 2013.  I only had a capital one platinum with a $500 CL and a merrick bank card with a $550 CL, both with very high utilizations but on-time payments. They approved me for $500. I tried to recon for a higher ICL but was denied and told to wait 6 months. I am however happy to be about a part of the Discover family. It was my first prime card in almost 10 years after royally messing up my credit in college.

 

All of that to say she may have a shot at getting approved, but as with anything it's YMMV. Good luck to you both!

Starting Scores: 400's (01/2013)
Current Scores: EXP 760 (03/11/14) EQ 730 (2/26/14) TU 752 (2/18/14) via MyFico. TU 08 - 734 via Barclays (3/14/14)
Amex Gold Premier (NPSL) | NFCU Sig Cash Rewards $15K | CareCredit $9.6K | Citi Thank You Preferred $6.5K | Chase Sapphire Preferred $5K | Chase Freedom $3K | Sportsman Guide Visa $2.5K| USAA Platinum MC $2K | Amex BCE $1K | Barclay Rewards MC $1K | Merrick Bank $550 | Discover IT $500 | Cap One $500 | & various store cards.
Valued Contributor
DigitalArk
Posts: 1,119
Registered: ‎07-07-2013
0

Re: Discover IT

It is hard to say, YMMV...


Valued Contributor
lg8302ch
Posts: 2,680
Registered: ‎11-13-2012
0

Re: Discover IT


DigitalArk wrote:

It is hard to say, YMMV...


+1

Discover is one of the most unpredictable lenders....similar to spinning the fortune wheel...Good luck !

FICO® EQ 784 (as of today) - TU 771 (07/25) * Fako EX 789 (09/02 - CS) * last app 06/01/14 * INQ last 2 yrs TU: 5, EX: 7, EQ: 7


Move the mouse over the cards for detailed view!..................................................................* Silver Spade Garden Club member *

Established Contributor
H4LO
Posts: 599
Registered: ‎10-30-2013
0

Re: Discover IT

Personally, I'd wait until they start sending you letters.

I kept getting them and finally took a dive when they had one of those nice sign up bonus offers. 



Total CL - 60K // Util. ~1.6%

772 TU - 6/5 ///// 705 EX - 5/5 ///// 664 EQ - 4/29
Contributor
Justrebuilding
Posts: 111
Registered: ‎12-28-2012
0

Re: Discover IT

They pulled EQ for me when I applied last year. I had a score right around 640 and my 3 cap one cards and care credit. I was denied due to bk. I would try and get your util lower if you are going to try. That would boost the score too.


Cap 1 QS 5K, Cap 1 QS 4K, Cap 1 QS 4K, GE Care Cr 7K NFCU Cash Rewards 10K Walmart 1.3K NavCheck 5K Freedom 2.5K CSP 6K Sallie Mae 3K Arrival+ 3K Macy's 1K
Established Member
39Xelor
Posts: 140
Registered: ‎02-20-2014
0

Re: Discover IT

Do you know how many inqs she has on her reports? How old are her cards? Discover isn’t necessarily "hard" to get but it’s not really one of the easiest cards to obtain either.. I app'd for a Discover numerous times in 3 years and was denied every time!

Merrill + - 7.5k | CSP - 6k | Chase Freedom - 4k | Citi Dividend - 3k | Walmart - 1k | JCPenney - 1,300 | CapOne Sony - 750 | Citi Shell - 200 | Express - 650 | CapOne Quicksilver - 2,250 | CapOne Rewards - 500 | TD Bank Cash Rewards - 1k

Started From The Bottom, Now I'm Here :smileyhappy:

Goal Cards: Merrill + - App'd and Approved! 7/11/14

Valued Contributor
tcbofade
Posts: 2,188
Registered: ‎09-26-2011
0

Re: Discover IT

They pulled EQ for wifey, and pulled EX for me...and we have the same address and last name...good luck!



Current Scores: EX 671 (FCR) TU08: 648 Wally (TU08). 08/29/14 Last app 05/29/2014.
Being held hostage in the garden until 01 November 2014.

Zero percent financing is where the devil lives...
Senior Contributor
B335is
Posts: 3,581
Registered: ‎09-22-2012
0

Re: Discover IT

+1 to H4LO

I would consider apping with negs without an invitation or prequal from Discover a waste.

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