Discover question

xgac12x · ‎08-08-2015

Need an opinion. Brother has had a Discover card for about 5 months now, got his first CLI about two weeks ago. He uses it for everything, and pays it off. But I was wondering, he is looking to get another card soon, (Citi DC), and was wondering how long he should wait before doing so. He has student loans on his credit that are up to date, and then the Discover card. Thanks!

CARDS: CAPONEQUICKSILVERONE - $3,000.00

Anonymous · ‎08-08-2015

I think once he hits the 6 month mark with Discover he should be good to app for another card. What are his scores like? Any baddies?

Anonymous · ‎08-08-2015

Since I am in the same situation (I want to app for DC), I recommend him to stick with his Discover. I'm assuming he has double cash back with his discover, so I'd build history with discover first until the DCB ends, then app for DC (which is what I'm doing).

Anonymous · ‎08-08-2015

no need for redundancy

NRB525 · ‎08-08-2015

@xgac12x wrote:
Need an opinion. Brother has had a Discover card for about 5 months now, got his first CLI about two weeks ago. He uses it for everything, and pays it off. But I was wondering, he is looking to get another card soon, (Citi DC), and was wondering how long he should wait before doing so. He has student loans on his credit that are up to date, and then the Discover card. Thanks!

If he has a Discover card, then he has a good FICO report available directly from there. What score is on that Discover FICO report?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

xgac12x · ‎08-10-2015

I believe its sitting at about a 700 or so. But he apped 5 months ago, not sure if he got the double cash back offer or not

CARDS: CAPONEQUICKSILVERONE - $3,000.00

Anonymous · ‎08-11-2015

If it was 5 months ago, he probably does not have the double cash back promotion. Since he got an IT, he's probably good to app for a DC now, but I would still wait until the six month mark, since it is so close.

Anonymous · ‎08-11-2015

even if he got it 5 months ago he could have still enrolled in double cash promotion until june 30, 2015

Anonymous · ‎08-11-2015

Could he have? Yes. But if the brother doesn't troll credit card forums, he probably wouldn't have. After all, it was marketed to new cardholders, not existing ones.

Anonymous · ‎08-11-2015

@Anonymous wrote:
even if he got it 5 months ago he could have still enrolled in double cash promotion until june 30, 2015

I was told that this promotion ended on June 24th. Can you provide a link for where you received this information. Thanks in advance for your help Terror!!!