topic Re: Discover in Credit Card Approvals

Discover

Jesedmotherof5 — Thu, 23 Jun 2016 01:45:44 GMT

If I appy for a discover card will it give me the option of secured if I dont qualify for the unsecured?? Current EQ score 691. Only one baddie my student loan which still hasnt been picked up after 10 months of rehab.
Have only cap1 secured reporting cl 1401 and not reporting yet is cap1 plat cl 1000.

Re: Discover

Anonymous — Thu, 23 Jun 2016 02:00:47 GMT

I think with a score of 691 you should qualify for an unsecured card with Discover. Have you tried using their pre-qualification to see if anything comes up for you?

Re: Discover

Jesedmotherof5 — Thu, 23 Jun 2016 02:12:14 GMT

Yeah the spread apr says 11 to 24% i never have anything come up in prequel... Not even with the cap1 approvals.

Re: Discover

Jesedmotherof5 — Thu, 23 Jun 2016 02:14:34 GMT

Also Im going to wait till after my cap1 posts my uti at less then 10% on friday 691 score was with 30%

Re: Discover

Anonymous — Thu, 23 Jun 2016 02:42:05 GMT

I say shoot. I recently apped for a Discover IT and was offered a secured card with FIco around 585. made a 500 deposit, going to increase to 1000 next month.

Re: Discover

krisssmmm — Thu, 23 Jun 2016 03:00:45 GMT

I say try it. I got in with 628 two months ago and a few baddies. discover is a crap shoot though. Maybe if you don't get it, you can apply for secured right after and it may only count as one pull? Idk if they counter with secured anymore.

Re: Discover

Anonymous — Thu, 23 Jun 2016 05:17:50 GMT

I don't know. Discover didn't offer me the secured when they turned me down. At time my score was 690. My denial reason "too many new accounts""too many recent credit inquires"

Re: Discover

B335is — Thu, 23 Jun 2016 05:56:44 GMT

Do you have many new accts? I've found Discover to be a little more lenient if there aren't many new accts. In my case they were unforgiving until my reports were spotless.

Re: Discover

Anonymous — Thu, 23 Jun 2016 06:35:33 GMT

It seems American Express, Discover and Citi are trying to steal Capital One Customers. You don't need a 720+ to get those cards from what I see at this boards.

Re: Discover

Jesedmotherof5 — Thu, 23 Jun 2016 06:49:19 GMT

How long ago did you apply? Currently I only have one card reporting soon to be two. I do have 10 years aaoa though.

Re: Discover

Anonymous — Thu, 23 Jun 2016 07:03:34 GMT

My AAoA was only 5 months and I was approved for Citi Double Cash, Discover it and American Express BCE. But my score was 740 or so. I have no clue how I have that kind of score with only 6 months AAoA. My profile at time was Barclay Apple, QS and QS1 and some store credit cards--a pretty thin profile.

Re: Discover

Anonymous — Thu, 23 Jun 2016 07:16:07 GMT

@Jesedmotherof5 wrote:
Also Im going to wait till after my cap1 posts my uti at less then 10% on friday 691 score was with 30%

I think waiting is a good decision. Best of luck!

Re: Discover

RonM21 — Thu, 23 Jun 2016 22:28:36 GMT

Best of luck and smart move waiting.

Re: Discover

Anonymous — Thu, 23 Jun 2016 23:25:32 GMT

@Jesedmotherof5 wrote:
If I appy for a discover card will it give me the option of secured if I dont qualify for the unsecured?? Current EQ score 691. Only one baddie my student loan which still hasnt been picked up after 10 months of rehab.
Have only cap1 secured reporting cl 1401 and not reporting yet is cap1 plat cl 1000.

You don't need to worry about getting an "option" to get the secured card anymore.

While Discover never used to market their secured card, you can now apply for it online:

https://www.discover.com/credit-cards/secured/

Re: Discover

Anonymous — Thu, 23 Jun 2016 23:31:14 GMT

@Jesedmotherof5 wrote:
How long ago did you apply? Currently I only have one card reporting soon to be two. I do have 10 years aaoa though.

Like others stated, smart move to wait until your score update with the new util %. With a 10yrs AAoA, I would say you are good for a minimum SL of 5k plus. I say go for it then. I just want to go ahead and congrats you now for the approval.

Re: Discover

Anonymous — Fri, 24 Jun 2016 00:19:19 GMT

10 years AAOA is solid. You'll be approved easy.

Re: Discover

Anonymous — Fri, 24 Jun 2016 00:32:05 GMT

I knew of an instance where someone applied through my referral link for the regular Discover It, got denied, and the only other option they gave her was to go on a joint account with someone else in order to be offered a line of credit. So I don't know if Discover offering secured cards in lieu of a regular card denial. FWIW I got a Discover It student card last July going into my senior year with 0 credit history. I think it's somewhat random.

Re: Discover

Anonymous — Fri, 24 Jun 2016 02:51:30 GMT

Discover was my first card. Opened it with a 687 TU at the time.

Re: Discover

Jesedmotherof5 — Sat, 25 Jun 2016 20:09:56 GMT

Thanks guys... Im gonna hold out a bit longer. I just got my SL picked up yesterday so I may get a bigger score increase if there is dept if ed updates or removes. Ill keep you posted.

Re: Discover

AverageJoesCredit — Sat, 25 Jun 2016 20:16:17 GMT

Everytime i have applied these last 2 years denied but offers of a joint applicant. No thanks if they let me in its gonna be on my terms no one elses cotails Good luck OP!