02-21-2014 10:23 PM
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
02-22-2014 12:12 AM - edited 02-22-2014 12:16 AM
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!
02-22-2014 01:47 AM
It is hard to say, YMMV...
Discover is one of the most unpredictable lenders....similar to spinning the fortune wheel...Good luck !
02-22-2014 03:41 AM
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.
02-22-2014 06:18 AM
02-22-2014 06:25 AM
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!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.