03-30-2011 09:06 PM
Applied for Discover in 6/2010 after getting pre approval in mail and was contered-offered the HSBC Discover. Decided to reapply last week (without a pre approval) and was approved for the Discover Motiva for $1500. I know the CL is low but i plan to take good care of this card. They pulled EQ (654) and then TU (659). Was not an instant approval. Applied on 3/24 and got the 30 day message. They called me on 3/29 to go over application and approved me over the phone. Asked questions about credit report, income, mortgage pymnt, etc. I have no baddies but i have balances on a few of my cards. AAoA 1 year 9 months. I would like a slightly higher CL and plan to ask upon activation to take advantage of the 3.99% BT and get rid of a few balances on high APR cards. Not the best deal but its a start. I plan to act responsibly with this card and hpe it will grow. My first prime card!
Have a Macy's $2K CL, Cap One Plat $1k CL, Cap One MTV $750 CL HSBC Discover $300 CL, Orchard Bank $300 CL, no late payments but some have balances.
03-31-2011 07:21 AM
WIth a 654 and AAoA <2 years, you're very fortunate to get the card. Don't worry, if you use it, you will get frequent CLIs. (had to delete what I typed the first time, it sounded dirty! lol)
$1.5K with Discover and your credit profile is very reasonable, and you shouldn't be ashamed. I wouldn't get greedy by asking for a CLI at activation. Just be glad to "get your foot in the door."
03-31-2011 08:31 AM
03-31-2011 02:49 PM - edited 03-31-2011 03:05 PM
Thank you for the advice and you are correct! I feel VERY fortunate to have this card and my foot in the Discover door! I've decided NOT to ask for a CLI upon activation, Im just gonna be responsible and hope it pays off!
There was one thing that the rep said to me that was interesting. He said "thank you for calling back, alot of people dont bother to call back". So maybe if you apply and get that 30 day message and get a call from them, you should return the call, it could possibly get your foot in the door!
03-31-2011 03:00 PM
Motiva seems to be a better fit if you carry a balance. You get a pay on time bonus in the form of a months credit of interest after 6 consecutive on time payments. Into APR is 3.99% for BT for 15 months and 3.99% for purchases for the first 12 months. 5-20% cash back if shopping using their online store. 1% rewards on all other purchases. I will take it for now. I plan to be responsible and maybe move to a better reward card in 15 months if possible. They emailed me this morning and told me the card was on the way (wow-just got approved on tues evening).
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.