Credit Cards Center Credit cards from our partners
Reply
Highlighted
Established Contributor
Posts: 536
Registered: ‎05-16-2012
0

Re: Discover immediate access?

[ Edited ]

pdog661 wrote:

Just be very cautious with a mortgage pending.

 

Personally I would rather risk losing the fridge deal then the mortgage underwriters asking more questions. 

 

I applied for a discover card 1 month before a re-fi with a 797 credit score, very low debit to income including mortgage payment, and had to explain it to the underwriters.  They didn't like it.  I would believe they would have liked it even less if I applied after approval of my file.   

 

Discover reports your inquiry same day ( in my case), and if they run your credit prior to closing it may cause a red flag.

 

If it changes anything on your mortgage the 500 savings on the fridge will be gone quickly. 


while I appreciate (and expected) the mortgage advice, it's something I've considered carefully and discussed with all parties involved, but this post was just about Discover

FICO 08 EX: 802 EQ: 780 TU: 804

Total Credit Lines: $133,700
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.