topic Discover IT Mail Offer in Credit Card Applications

Discover IT Mail Offer

mato01 — Fri, 26 Feb 2016 19:04:18 GMT

SInce I started my rebuild journey in 2014, I've finally gotten my first mail offer. It's for the Discover IT card. I'm in the garden, but am tempted because a 2014 Discover denial in 2014 was what made me look at my reports, and start the journey to rebuild. The offer is 0% into APR for 14 months, and after a APR of 16.24% - 19.24%. I do still have some baddies on my report. Are Discover mailers just promotional or is this good?

Re: Discover IT Mail Offer

CreditCuriosity — Fri, 26 Feb 2016 19:15:12 GMT

3 point ranges are good vs. 10-23% or whatever so most likely yours is a decent shot although the longer you hold out the better terms you obviously get and chance for approval if you apply

Re: Discover IT Mail Offer

EdMan63 — Fri, 26 Feb 2016 19:22:32 GMT

I'm like you in that I'm in the garden and have received 2 offers from Discover over the past 2 weeks and I'm tempted. I want the Discover card but I was trying to wait until my one baddie fell off my EX and EQ which would be May. I know Discover likes really clean files although I've never applied with them before. My APR range on my invitation is 12.99 - 15.99 if that makes a difference. My other hesitation is my Cap One QS that I got this month has not reported yet and I don't want to tank my AAoA with 2 new accounts.

Re: Discover IT Mail Offer

Anonymous — Fri, 26 Feb 2016 23:58:04 GMT

What color is the card pictured in the mailer?

Re: Discover IT Mail Offer

degs138 — Sat, 27 Feb 2016 00:55:09 GMT

I heard the purple color mailer is a good sign. I got a purple mailer with a 3% APR range and was instant approved with a 4.5k limit. I live in Minnesota and they pulled EQ which was a 701 score at the time. Hope that helps.

Re: Discover IT Mail Offer

Anonymous — Sat, 27 Feb 2016 01:17:14 GMT

I got the silver mailer with the 3% apr range, approved for $9k last month and was denied the month before that.

Re: Discover IT Mail Offer

mato01 — Sat, 27 Feb 2016 01:52:19 GMT

I got the purple mailer. It states the offer is good until August. That will be about 9-10 months in the garden. So i'll just wait it out.

Re: Discover IT Mail Offer

Anonymous — Sat, 27 Feb 2016 02:11:06 GMT

@mato01 wrote:
I got the purple mailer. It states the offer is good until August. That will be about 9-10 months in the garden. So i'll just wait it out.

Good decision. Hang in there...

Re: Discover IT Mail Offer

Anonymous — Sun, 28 Feb 2016 21:41:11 GMT

I got the maroon one with a rage of 3 points. I went for it succesfully. They pulled Experian for me.

Re: Discover IT Mail Offer

Anonymous — Mon, 29 Feb 2016 02:36:35 GMT

They have a section on their website where you can see if you are "pre-approved". If something comes up - I would recommend applying. I applied for the card in July 2015 and was denied. I did have two cards that were over the credit limit so I know this contributed to the denial of my application. Since the denial I have worked on paying my cards off or bringing the utilization down to 11%.

My scores have since improved and so I figured it was safe to apply. I did check to see if I was pre-approved and the Discover IT card did come up. I was instantly approved for a CL of $1,600 but did not qualify for the 0% APR for 12 months. I was not too upset about this since I plan to pay my balances in full each month. I just received my card in the mail yesterday and can't wait to take advantage of the 5% cash back on fuel and transporation (until March 31st 2016).

Good luck!!

EQ:640

TU:665

EX:651

Re: Discover IT Mail Offer

Anonymous — Fri, 04 Mar 2016 14:57:55 GMT

I got one in the mail a few days ago as well. It was the purple mailer and a 3 point APR range. I'm coming up on 6 months of credit history, but I'd rather have the Miles card, so I'll wait.

Re: Discover IT Mail Offer

Anonymous — Fri, 04 Mar 2016 15:41:16 GMT

@mato01 wrote:
SInce I started my rebuild journey in 2014, I've finally gotten my first mail offer. It's for the Discover IT card. I'm in the garden, but am tempted because a 2014 Discover denial in 2014 was what made me look at my reports, and start the journey to rebuild. The offer is 0% into APR for 14 months, and after a APR of 16.24% - 19.24%. I do still have some baddies on my report. Are Discover mailers just promotional or is this good?

In most cases and as previously stated, when you receive a small range of rates as you did it is a good sign. That being said, there are still not guarantees of approval. Good luck and hope you get approved if you decide to apply.

Re: Discover IT Mail Offer

GetMeSlick — Fri, 04 Mar 2016 16:32:12 GMT

I too got the mailer from them. Its easy approval. May be the SL will be low based on your CR. GL.

Re: Discover IT Mail Offer

GetMeSlick — Fri, 04 Mar 2016 16:34:36 GMT

@Anonymous wrote:
I got one in the mail a few days ago as well. It was the purple mailer and a 3 point APR range. I'm coming up on 6 months of credit history, but I'd rather have the Miles card, so I'll wait.

I m just curious. Is that discover Miles card good when compared to chase/cap 1/bofa?

i used bofa travel rewards to book flights within the Bofa Travelcentre application. I got 3% cashback to redeem on that transaction. And there are no limits imo.

Re: Discover IT Mail Offer

Anonymous — Fri, 04 Mar 2016 16:49:51 GMT

GetMeSlick wrote:

I m just curious. Is that discover Miles card good when compared to chase/cap 1/bofa?
i used bofa travel rewards to book flights within the Bofa Travelcentre application. I got 3% cashback to redeem on that transaction. And there are no limits imo.

Nah the Discover Miles card really isn't anything special. It's not like you can transfer the miles to an airline partner, so it's basically a cash back card. After the first year it becomes 1.5%, but it's doubled to 3% in the first year. I mainly want it for two reasons: 1) I'm just getting started and it'd be easy to get a high limit with Discover and 2) I'd definitely use the $30 flight WiFi credit. Otherwise yeah, nothing special...I'd just prefer it over the Discover IT.

Re: Discover IT Mail Offer

Anonymous — Fri, 04 Mar 2016 18:22:20 GMT

I want to apologize for the silly question - what is "gardening" or "being in the garden"? Does this mean you working on improving your credit score?? Thanks.

Re: Discover IT Mail Offer

mato01 — Thu, 10 Mar 2016 06:46:38 GMT

Got my third Discover IT offer in the mail today.

First offer - 0% intro APR for 12 months, and after a APR of 15.99-18.99, 0%

Second offer - 0% inttro APR for 14 months, and after a APR of 16.24% - 19.24%.

Third offer - 0% intro APR for 14 months, and after a APR of 13.24-16.24.

Getting better. Making it hard to keep in the garden..............

By the way, whats the differences in the colors of the mailers?