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FNBO Discover Starting Limits?

Established Contributor

FNBO Discover Starting Limits?

I have until the end of November to decide what to do with this FNBO Discover "pre approval".

 

When I got it, I was pretty sure I'd pass on it (I've passed on the others that they've sent me) but I kept it anyway, just in case... Now it's eating at me ever so slowly.   I can hear it calling my name from the plastic file under my desk lol

 

I'm curious, those of you who have been approved through an FNBO pre approval (Discover or otherwise) what were your starting limits and what was your credit profile like at the time?  I've looked through a number of threads and PMd some people who sounded like they might have apped, but I figure I can get more feedback this way Smiley Wink

 

Right now I'm something like:

3-4  inquiries on each report (all 6+ months old now except for one on TU from a Barclays success today)

AAoA of 3 years

5 new accounts in 2012 (all 6+ months old now, although depending on how quickly Barclays reports that one would be brand new)

Score 703 as of early September

Util 18% or less (would be closer to 12% if I waited for Barclays to report, but my AAoA would drop of course)

3 old derogs due to fall off in 2013/2014 (One paid CO, two unpaid collections)

 

Thanks!

Start 2/2008: TU 495 || EX 539 || EQ 528
Now 5/2013: TU 716 || EX ??? || EQ 702

Slate: $5000 Simplicity: $5000 David's Bridal: $3500 SW Chase: $3000 FNBO: $3000 Barclay NFL: $2500 BofA: $2400 Discover IT: $1700 Walmart: $1500 Victoria's Secret: $1000 Cap1: $750 Amex Zync: NPSL
(2 derogs to go until I'm squeaky clean in 2014!)
Message 1 of 7
6 REPLIES
Senior Contributor

Re: FNBO Discover Starting Limits?

My approval stats:
688 eq fico
3 yrs aaoa
12% util
Reported income $100k+
Total credit lines then:$70k
Student loans: $30k
One paid, disputed co from 2008, 0 bal.




... This got me a $4,000 initial limit.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 2 of 7
Established Contributor

Re: FNBO Discover Starting Limits?

Thanks so much for your input Smiley Happy

Start 2/2008: TU 495 || EX 539 || EQ 528
Now 5/2013: TU 716 || EX ??? || EQ 702

Slate: $5000 Simplicity: $5000 David's Bridal: $3500 SW Chase: $3000 FNBO: $3000 Barclay NFL: $2500 BofA: $2400 Discover IT: $1700 Walmart: $1500 Victoria's Secret: $1000 Cap1: $750 Amex Zync: NPSL
(2 derogs to go until I'm squeaky clean in 2014!)
Message 3 of 7
Senior Contributor

Re: FNBO Discover Starting Limits?

Yw :-)
They also told me no cli for at least six months lol :-/
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Message 4 of 7
Established Contributor

Re: FNBO Discover Starting Limits?

I received an invite in the mail in September because I had recently purchased a Chrysler (they back the card). I have a 12 year credit history, 7 year AAoA then,  EQ was between 675-700, I had one 5 year old HSBC card, $300, 3 year old Military Star Card $4775, with a balance of about $3500, a lot of student loans paid as agreed, and auto loan that's current. Income stated was $75k. I received a $4,100 credit line, with a 14.99% APR.

Amex Platinum Amex PRG Amex Hilton Surpass ($7k) Citi AAdvantage WEMC ($20k) Citi Hilton Honors VS ($6.8k) Dillard's Amex ($7.5k) Discover it ($6.5k) FNBO Chrysler MC ($30k) Military Star Card ($4.8k) Nordstrom VS ($25k) PenFed Power Cash Rewards VS ($20.5k) Ritz-Carlton VI ($54.5k) Starwood Preferred Guest Amex ($10k) Susan G. Komen WMC ($38k) Kinetic CU Visa ($10k) US Bank Cash + VS ($16k) Sears MC ($6k) USAA Limitless VS ($15k) Walmart MC ($7.5k) AAdvantage Aviator Silver WEMC ($11.3k)
Message 5 of 7
Contributor

Re: FNBO Discover Starting Limits?


modernsurrender wrote:

I have until the end of November to decide what to do with this FNBO Discover "pre approval".

 

When I got it, I was pretty sure I'd pass on it (I've passed on the others that they've sent me) but I kept it anyway, just in case... Now it's eating at me ever so slowly.   I can hear it calling my name from the plastic file under my desk lol

 

I'm curious, those of you who have been approved through an FNBO pre approval (Discover or otherwise) what were your starting limits and what was your credit profile like at the time?  I've looked through a number of threads and PMd some people who sounded like they might have apped, but I figure I can get more feedback this way Smiley Wink

 

Right now I'm something like:

3-4  inquiries on each report (all 6+ months old now except for one on TU from a Barclays success today)

AAoA of 3 years

5 new accounts in 2012 (all 6+ months old now, although depending on how quickly Barclays reports that one would be brand new)

Score 703 as of early September

Util 18% or less (would be closer to 12% if I waited for Barclays to report, but my AAoA would drop of course)

3 old derogs due to fall off in 2013/2014 (One paid CO, two unpaid collections)

 

Thanks!


Did you read on how much you have to spend to qualify for the 5% back on that discover card?  its like over 10k  I get like a pre-approval from them like 2 times a month for this card.

 

Terms:

Each Year.

 

$0-$2500 = 0.50%

$2500-$9,999.99 = 1%

$10,000-$13750.01 = 5%

Over $13750.02 = 1%

 

But if you put major money on the card I suppose it would be worth it. At least for a little bit.

AMEX Platinum, AMEX Blue cash (10k), AMEX Delta (10k), US Bank Premier Line (14.5k), US Bank Cash + (7.5k), Chase Freedom (5k), Fred Meyer Rewards Visa (7.5k), US Bank Flex Perks Travel Rewards (5k), Discover IT (9.5k), Chase Sapphire Preferred (8k), Alerus Financial Visa Signature issued by Elan (10k), BofA Cash Rewards (10k), Citi Thankyou Pref (6.5k) TU FICO Score = 807, EQ FICO Score = 780, EX FICO Score = 780,
CreditKarma score = 785, CreditSesame score = 773, Vantage = 903
Message 6 of 7
Established Contributor

Re: FNBO Discover Starting Limits?


RonDawg wrote:

 

Did you read on how much you have to spend to qualify for the 5% back on that discover card?  its like over 10k  I get like a pre-approval from them like 2 times a month for this card.

Terms:

Each Year.

$0-$2500 = 0.50%

$2500-$9,999.99 = 1%

$10,000-$13750.01 = 5%

Over $13750.02 = 1%

But if you put major money on the card I suppose it would be worth it. At least for a little bit.


 

I'm not in it for the rewards, I'm in for the additional util help if the CL is worth the pull - hence the research hehe  Smiley Wink

Start 2/2008: TU 495 || EX 539 || EQ 528
Now 5/2013: TU 716 || EX ??? || EQ 702

Slate: $5000 Simplicity: $5000 David's Bridal: $3500 SW Chase: $3000 FNBO: $3000 Barclay NFL: $2500 BofA: $2400 Discover IT: $1700 Walmart: $1500 Victoria's Secret: $1000 Cap1: $750 Amex Zync: NPSL
(2 derogs to go until I'm squeaky clean in 2014!)
Message 7 of 7