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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Should i Close discover it??

[ Edited ]

I cant believe we have to explain to a member that Discover is a keeper...........................

 

There are members getting declined left and right for this card and would trade all their subprimes for it!!!!!! :smileyindifferent:

 

ken_chenault222.jpg




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
09Lexie
Posts: 24,136
Registered: ‎09-13-2012

Re: Should i Close discover it??

+1

It costs you nothing to keep it open. The plus is simple, low CL or not its still an open CL and since you won't use it- it can only help your util.

Frequent Contributor
JollehRoger
Posts: 252
Registered: ‎06-05-2011

Re: Should i Close discover it??

[ Edited ]

LS2982 wrote:

I cant believe we have to explain to a member that Discover is a keeper...........................

 

There are members getting declined left and right for this card and would trade all their subprimes for it!!!!!! :smileyindifferent:

 

[img]




It amazes me how much Discover's CEO looks like the exact guy I would imagine being CEO of Discover.

 


Scores: TU - 762 (Discover FICO - 6/01/2014), EQ - 716 (MyFico FICO - 12/1/2013)
Current Cards: NFCU cashRewards Sig - 5k, Amex BCE - 6.8k, Discover It - 5k, Citi Dividend WE- 5k, Chase Freedom - 2.5k
Last App: 6/10/2014. In the garden for a few years.
Valued Contributor
jsucool76
Posts: 2,769
Registered: ‎12-11-2011

Re: Should i Close discover it??

Think about it. Both freedom and IT have 5% gas quarters that dont overlap (afaik)

That gives you 6 months of 5% back on gas as opposed to 3.even if you just use it for that its a keeper.
Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1500CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

Re: Should i Close discover it??


JollehRoger wrote:

LS2982 wrote:

I cant believe we have to explain to a member that Discover is a keeper...........................

 

There are members getting declined left and right for this card and would trade all their subprimes for it!!!!!! :smileyindifferent:

 

[img]




It amazes me how much Discover's CEO looks like the exact guy I would imagine being CEO of Discover.

 


DudE looks like he plays on the New York Rangers LMAO!!!

 

Only with a full set of teeth!!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
09Lexie
Posts: 24,136
Registered: ‎09-13-2012

Re: Should i Close discover it??

Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012

Re: Should i Close discover it??

Definitely keep it to maximize your rewards.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
Valued Contributor
kevinjjc
Posts: 1,296
Registered: ‎01-14-2009

Re: Should i Close discover it??

[ Edited ]

You most definitely should keep your Discover card open. I'm surprised that you're actually considering closing it. Discover's online shopping portal, ShopDiscover, alone makes it worth it to have a Discover card.

Mega Contributor
Creditaddict
Posts: 18,544
Registered: ‎10-23-2007

Re: Should i Close discover it??

What is limit of the Discover compared to these other cards and why does 3, 4 or 5 mean you can't have or keep the Discover?

Fico Scores: EQ 639 Navy, TU 667 GE, EX 677 Prosper (06-27-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Regular Contributor
solstice00
Posts: 153
Registered: ‎03-09-2013

Re: Should i Close discover it??

Actually you can use your DISCOVER IT card to get cash back amongst its retailers.

Apple offers 5% cash back.

I have 0% apr on balance transfer for 12 months on the recently pc'ed IT card. So I'll can tranfer the balance to my discover and pay it in my spare time.

(Remember the 5-20% cash back subject to the cap at the retailers :smileywink: )

 

 



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