Discover It...Should I apply??

[rob3gd]

Today, I was approved for Discover It for 5k

My credit:

Experian score: 702

Transunion: 704

Equifax: I don't know.

Credit inquires: EX.8  Trans.5  EQ.11

Number of accounts: 11

Macy's: 3.4 yrs. $2,000

Walmart: 2.4 yrs $3,300

Capital One platinum: 2.1 yrs. $750

Target: 2 yrs $200

Sears: 1.6 yrs $2,600

Ashley's Furniture: 1.6 yrs $5,000

Best Buy: 1.6 yrs $3,300

Banana Republic: 1.6 yrs $1,100

Chase Freedom: 1.5 yrs $800

Capital One Visa" 1.4 yrs. $750

Utilization as of now: 0% Everything paid off.

I had a US Bank account, but I closed it and my reserve line balance turned into a loan. The high balance during October was $2,600, but

Its paid down to just $104.

I have a serious delenquency with Capital One from 2009 (about 120 days), but I paid it off as agreed and closed the account in early 2010. Then I got A First Premiere Bank Card and used it for a year, then I closed it when I got another Capital One Card.

[kimmiller112]

I also think you should wait until you get your util down.  If you apply now and are approved, they will probably give you a low limit.  Better to wait until util is down and get a higher limit, especially since you have four other prime cards with $5000 limits.

[indiolatino61]

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@WhiteCollar wrote:

....does it seem like Discover It is an easy card to obtain? I've seen many recent posts about folks getting approved for the card with mediocre credit. I thought by it being a prime card, the criteria would be more strict. I really want to add a Discover card to my wallet but was trying to wait until I got my utilization down a bit. But after reading all these approval posts, I'm just may bite the bullet and app for it.

Should I app now or wait? I have been denied in the past and I know they will pull EQ. My correct scores are 658 (CreditKarma) and 645 (EXP) 661 (TU) 678 (EQ) via USA credit monitoring. I have 4 prime cards with $5k limits and few store cards with limits above $1500. However, I'm concerned with the number of inquiries and baddies. The youngest is from 2009 and oldest is 2007. 2 of the baddies will fall of in July 2014. I have 11 inq's with the youngest being October 2012 and the oldest being Sept. 2011. I have not missed a payments or been late in over 3 years.

What are my chances of approval??

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The best of luck to you!