Credit Card Center Advertiser Disclosure†
05-10-2013 04:11 PM
05-10-2013 05:41 PM
05-10-2013 06:14 PM
05-10-2013 06:18 PM - edited 05-10-2013 06:19 PM
a friend of mine had the college version as his first card at age of 19.
CL was like 700.
To add: He had no prior credit history at all. No other CCs, no auto loans, nothing. Just had a debit card and a checking account.
It was also a lot easier to get an unsecured CC back in 2007 though.
05-10-2013 09:14 PM
Seem like its more easy as a student version since Discover consider as PRime land
05-10-2013 09:23 PM
Just out of curiosity has anyone ever gotten a Discover card as their first credit card? That applies to either the student version or regular version.
If it hasn't happened to you, have you heard of it happening before?
My boyfriend did, after having only a student loan and auto loan reporting. However, it was a counteroffer to whichever card he applied for. Not sure exactly of the terms, but they approved him for an initial limit of $1200. It has since grown to $3000 in a year!
05-10-2013 09:35 PM
05-10-2013 10:35 PM
I appreciate each of you taking the time to answer, but daybreak has exactly the type of info I need!!! Thanks all!
Do you know if your boyfriend had started repayment on the loan at the time or if it was in deferment?
Both loans were in repayment; I think it's also important to note that he was not a student, nor did he apply for a student card at the time! So the application was completely based on his auto and student loan.
I'm double checking with him, but this looks like his stats when he applied for Discover...not sure what his credit score was!
Ally Financial, auto loan. Opened July 06, 2011, $182 per month. Balance at the time was around $8100.
USDOE, student loan. Opened August 11, 2010. He doesn't remember the exact monthly payment offhand, but it's around $130. Balance at the time was around $1400.
He applied for the Discover around the beginning of May. It was opened May 18th, 2012. Definitely pulled TU, but unconfirmed if they pulled multiple bureaus...the boyfriend doesn't feel like checking his other reports this late Have 5 previous inquries on TU, unsure of age of them at time of application but I assume fairly recent since those same inquires have not dropped off yet. Only score that was known at time of application was CK, at 657.
Hope that helped snacktrader!
05-10-2013 10:45 PM
05-10-2013 10:45 PM
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.