Reply
Valued Contributor
Posts: 1,998
Registered: ‎03-31-2008
0

What bank you can't get your foot in the door with

Discover is Chase will not give me a shot for nothing in this world I'm gonna try to get it in with Discover in a few years for the last time.


Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Contributor
Posts: 90
Registered: ‎05-13-2010
0

Re: What bank you can't get your foot in the door with

what has been their reason for denying you?

2009 Credit Portfolio: First Premier 450, Orchard Bank 400

2012 Credit Portfolio: AMEX; Gold, Zync, & Clear 5k
Citi Platinum Select 2k, Home Depot Store (Citi) 4k, Discover More 10k, Barclays Apple 2k, Cap 1 (secured) 2.5k
Established Contributor
Posts: 526
Registered: ‎04-21-2010
0

Re: What bank you can't get your foot in the door with

The only ones left for me is Discover, Chase, and Citi. And im pretty sure I want nothing to do with discover. I mean only for the feeling of having all cards but as for discover they have ridiculous guidelines for a card that doesnt work at a lot of places seems silly. Good rewards but to try to be elite and then not be accepted at a lot of places doesnt work well for me.

Established Contributor
Posts: 545
Registered: ‎09-12-2010
0

Re: What bank you can't get your foot in the door with


mross1080 wrote:

...but as for discover they have ridiculous guidelines for a card that doesnt work at a lot of places seems silly. Good rewards but to try to be elite and then not be accepted at a lot of places doesnt work well for me.


Hmmm.. are you really talking about Discover? What guidelines are ridiculous? The rewards are ok with low caps, however. I never noticed they tried to be elite. It's more the commoner's Amex! Most places accept Discover these days (I think about 90% of all places that accept MC/VISA will accept Discover. I couldn't think of any place where I shop that would not accept Discover. Even my veterinarian takes Discover (but not Amex). Too bad that there is no rotating cashback category for veterinary treatment.

 

I have to say, I absolutely love Discover's online account access. It's very nicely designed, clear and direct.

Established Contributor
Posts: 526
Registered: ‎04-21-2010
0

Re: What bank you can't get your foot in the door with


wollepopolle wrote:

mross1080 wrote:

...but as for discover they have ridiculous guidelines for a card that doesnt work at a lot of places seems silly. Good rewards but to try to be elite and then not be accepted at a lot of places doesnt work well for me.


Hmmm.. are you really talking about Discover? What guidelines are ridiculous? The rewards are ok with low caps, however. I never noticed they tried to be elite. It's more the commoner's Amex! Most places accept Discover these days (I think about 90% of all places that accept MC/VISA will accept Discover. I couldn't think of any place where I shop that would not accept Discover. Even my veterinarian takes Discover (but not Amex). Too bad that there is no rotating cashback category for veterinary treatment.

 

I have to say, I absolutely love Discover's online account access. It's very nicely designed, clear and direct.


From all my reading and personal experience Discover has pretty tough guidelines. To me I dont feel its worth proofing myself to discover. My opinion is there looked at as the lower card company to a lot of people. Not talking about us Myficoers, everyday dont know much about credit folks. Im not sure where your at but where I am I look at everyplace I go to see who they accept and discover is the low man on the pole for where I go. If you like Discover that than by all means use it and enjoy it. Im not saying people shouldnt use it. Im saying from my perspective more elite guidelines for a mediocore rep.

Frequent Contributor
Posts: 426
Registered: ‎07-21-2010
0

Re: What bank you can't get your foot in the door with

[ Edited ]

I compltely agree that Discover has too high of standards sometimes.  I used to be a Discover card member, closed because I went on credit hiatus for a few years to remedy bad habits.

 

When I reapplied I was turned down for excessive balances.  I called and complained because my UTIL at the time was 7%, and I was only carrying a $1,200 balance for a home remodel on my credit union card at 5% APR (the rest of my 7% was for cards I accidentally let report a balance, but clearly showed that I usually pay in full on them).  She understood that I paid all but one of my cards in full, but she was having NOTHING to do with the one with a $1,200 balance, and told me I was too high of a risk carrying that much debt.

 

Lol, whatever Discover.

-----------------------
My favorite card right now: Barclays Arrival Plus WEMC
Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
0

Re: What bank you can't get your foot in the door with

It is Barclays for me, last 4 years I could not get any thing.
Established Contributor
Posts: 526
Registered: ‎04-21-2010
0

Re: What bank you can't get your foot in the door with


concorduser wrote:
It is Barclays for me, last 4 years I could not get any thing.

You try the recon number? I've had great luck with that!

Established Contributor
Posts: 545
Registered: ‎09-12-2010
0

Re: What bank you can't get your foot in the door with

I am not defending Discover here. They're an ok card to have. I just use it to reap the rewards, pay in full and that's it.

Discover is a bad choice if you're looking for stuff like balance transfer and paying their APR. They charge a lot. They're stingy with their initial credit limits. I only got $3500 when I opened my account two months ago, but I hope that as this card sees continued usage, they will increase it eventually. An experience with their customer service convinced me that they are just as incompetent as most customer services with other banks.


Since this thread is about rejection, here is my uneventful story:

I was actually rejected by Chase for a Freedom. A week later, I applied for Discover and was approved. I was mad at Chase as they rejected me for no real tangible reason (I have a squeaky-clean credit file) but then I realized it's not about rational decisions anyway. It was funny to subsequently read here how several posters with scores way lower than mine and average account age lower than mine and many more recent inquiries had been approved for Chase products with beefy credit limits. I am happy for them, but I still don't understand why Chase wouldn't accept me. While reconing, the rep on the phone told me that she would like to see more usage of my current cards. I push about $1500 to $2000 through them every month. Kind of ironic!

 

I like the Freedom and the 5% categories with higher caps than Discover, and I might apply for one again in two years or so. Right now, I don't need it. But then, in two years there might be a credit product that appeals more to me than the somewhat boring Chase Freedom.

 

 

Senior Contributor
Posts: 3,662
Registered: ‎01-10-2008
0

Re: What bank you can't get your foot in the door with

UMB ...was gonna use them just to further diversify but if anything need to cull several accts. so am unlikely to ever reapply.

 

Discover is more difficult to get than Amex in many cases, 'commoners amex'-not, cute term though, lol

 

Of major issuers the only one couldn't be bothered with is hsbc (but that is by choice) have most others, plus a handful of excellent CU.

 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
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.

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.