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Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: Discover CSR told me $5k, but system is saying now only $2k

So you don't recommend I talk to recon now about it.....just keep it, use it and wait? 

 

Do you think I should consider converting it to the More or standard Miles cards with no AF? 

 

The standard Miles card doesn't have nearly as good a reward as the one I app'ed.  I am trying to use Rewards to pay toward year end vacation.  My wife complains we don't go (just the two of us) often enough, and I'm just conservative enough I hate to spend a lot on vacations, preferring those things you can do for little or free.  But wifey likes the fluffy stuff once in a while....this seemed like a great way to please her and not cost much out of pocket, just the AF.  :smileyhappy:

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Valued Contributor
Uborrow-Upay
Posts: 2,710
Registered: ‎10-16-2008

Re: Discover CSR told me $5k, but system is saying now only $2k

I'm not familiar with all they offer over there, so I hesitate to make any recommendation other than the Discover brand in general.

 

By the way, Las Vegas is a great deal these days, you might want to consider that as a destination for your vacation (if it's still there at year end...):smileysad:

 

Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: Discover CSR told me $5k, but system is saying now only $2k

Yeah, I actually own a timeshare there....but we don't use it too often.  I figured the reward card could pay the flight and car rental.

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
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Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: Discover CSR told me $5k, but system is saying now only $2k

Unfortunately, once you app'd, you got the inq, and once they approved, you got the new account on your history. :smileysad:

Might as well make a space in your wallet for it. Closing or refusing to activate it won't make any difference. Uborrow-Upay seems to know what makes them happy.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: Discover CSR told me $5k, but system is saying now only $2k

I was going by what the CSR told me on the phone, that once I receive the card and read the terms, if I don't accept them and do not use/activate the card I am able to cancel/reject. 

 

So far, haven't I only applied?  I give them info, they say you are approved.  Is this different than auto or mortgage in which you can be approved, but no loan is official until "closing?"

 

Being that they do not provide full terms of account until you get the card, I would have thought that you have a small window to decline and effectively not have an account.  Generally the cards say something like, activation and use constitute acceptance and bind.

 

Please accept this post as a question and inquiry of subject (I'm a detail guy), not of argument on point.  I am just trying to determine what the legal basis for Discover would be to state that I have an account with them? when so far I have not been provided full terms nor actually signed anything nor agreed to terms upon disclosure.  :smileysurprised:

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
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Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007

Re: Discover CSR told me $5k, but system is saying now only $2k

You're able to cancel/ reject and not have the account, but I have always understood that it will pop up on your reports, showing "closed", and wave merrily at you for the next ten years. But I just had my brain re-arranged on a different thread :smileyvery-happy: , so I'm having one of those days where I'm not certain of anything any more.

Any other members: were you approved for a card, but declined it before activating? Did it show on your reports as a new account?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: Discover CSR told me $5k, but system is saying now only $2k

Just as an abstract theory, I think you would at least have an argument for removal/dispute if they did report it.  Of course, it may require the services of an attorney to get their attention and action to do so.....and this again is conjecture soley based upon my crazy antics :smileyhappy:

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Established Contributor
miahmarie
Posts: 648
Registered: ‎02-04-2008

Re: Discover CSR told me $5k, but system is saying now only $2k


haulingthescoreup wrote:
You're able to cancel/ reject and not have the account, but I have always understood that it will pop up on your reports, showing "closed", and wave merrily at you for the next ten years. But I just had my brain re-arranged on a different thread :smileyvery-happy: , so I'm having one of those days where I'm not certain of anything any more.

Any other members: were you approved for a card, but declined it before activating? Did it show on your reports as a new account?

This is a yes for me.  I was accepted for a card, when it came in I was unhappy with the terms.  I never activated it, and I cancelled right away.  However, the item still appears on my report.  (And I think it will be there for atleast 7 1/2 more years.)

Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: Discover CSR told me $5k, but system is saying now only $2k

[ Edited ]

hmmmm, maybe we have a test case here, if miahmarie is interested in such an experiment. 

My theory is that an account is not actually an account until activated and a loan is not a loan until is closes.
Message Edited by txjohn on 03-29-2009 04:44 PM

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Valued Contributor
clocktick
Posts: 1,603
Registered: ‎12-07-2008

Re: Discover CSR told me $5k, but system is saying now only $2k

I seem to recall reading that some cards you do not need to call and activate at all (I was doing a search for something else).  When I went on my app spree I remember being surprised that there was one card, cannot remember which, I did not have to physically activate.

11/30/08 TU 648 EX 672 EQ 656 JUNE 2014 TU 779 EX 764 EQ 721
Amex BCP $24.1K/Clear $8.5- Barclays LLBean $15k/Sallie Mae $12.5 -Cap One QS $4 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800




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