Sticker wrote:My wife got her first Discover Card pre-approval in the mail yesterday. I honestly have never seen one before come in the mail before. I know pre-approvals are just generally based for the most part.
The question is: Is it common for Discover to send out pre-approvals in the mail or Is it a rare thing and should be jumped on to try and get in the door?
I joined right out of high school while in the military. So I am unsure of what advice to give my wife. Any comments are appreciated thanks.
What are your DWs scores?
In my opinion, Discover is a good card to have, but they are tricky on approvals. I got mine in 1999 while in college so I really don't know what to tell you other than that Chase is doing real good on recons now, and if she's in the ballpark for Discover, she may also be in the ballpark for Chase Freedom.
Starting Score: 08/29/2011 TU 671 EQ 674Current Score (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Starting Score: 603 myfico EQ,648 myfico TU april 2012
Pre-approval is definitely a good thing for her if she wants to get in with disc. I checked my credit report a few months back and they had soft pulled me like crazy, sending me offers in the mail like crazy. If the mail offer isn't appealing you can always check your other pre-approved offers on their website so you have more of a choice when it comes to terms, 0% APR time, balances transfer incentives... etc.
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Sticker wrote:My wife has excellent credit scores in low 800's to high 790's. So qualifying for the card isnt a major issue for her. She just has never tried for a Discover Card before and got a pre-approval in the mail. Which I have never seen a single one before. So I figured I would ask around if it would be a good ideal to go after one or not. Also if it is rare that Discover sends pre-approvals out in the mail alot. Any information on Discover in general or the questions asked is great. Knowledge is always well recieved.
This is a little different, but i received a pre-approval for a Discover Personal Loan... When I went home for lunch it was in my mailbox. The pre approval letter said that since I have excellent credit history with my Discover card, I am pre-approved for a Personal Loan at 7.99% I have had my discover card, opened since 1999, perfect history. $4200 limit, currently sitting at 0 balance.
I'm not interested in a Personal Loan, and I am opted out. But it was nice to feel loved. Too bad they didn't use the Pre-Approval to give me a CLI 
Starting Score: 08/29/2011 TU 671 EQ 674Current Score (myFico + Amex): April 2013 TU 754 EQ 694 EX 694
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Silver Spade Garden Club Member: App Free since 1/1/13. No more apps til 2014
MyFICO Fitness Goal: 800s Club!
Take the myFICO Fitness Challenge
Sticker wrote:My wife has excellent credit scores in low 800's to high 790's. So qualifying for the card isnt a major issue for her. She just has never tried for a Discover Card before and got a pre-approval in the mail. Which I have never seen a single one before. So I figured I would ask around if it would be a good ideal to go after one or not. Also if it is rare that Discover sends pre-approvals out in the mail alot. Any information on Discover in general or the questions asked is great. Knowledge is always well recieved.
I don't think it's uncommon. During the downturn when every lender was cutting back, I received a pre-approval letter from Discover at the 13th month of my then secured credit card. I'm just guessing your wife would be qualified for a better product (or at least limits) than the More they were supposedly offering me at the time.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
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