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.
Seem like its more easy as a student version since Discover consider as PRime land
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!
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!