topic Re: Discover It card offer any good? in Credit Card Applications

Discover It card offer any good?

Anonymous — Wed, 04 May 2016 01:52:30 GMT

Received a mailer from Discover today (my first offer from anyone). I've read that the generic offers with the huge point spreads are worthless and it seems to matter what color card is on the offer.

My offer has the spruce colored card with 0% Intro APR for 12 months, then 13.24-17.24%, no annual fee, Cashback Match first year offer. Get 5% cash back in categories that change each quarter, match all cash back you've earned at the end of your first year.

I've read that if it's a 3 point spread, it's a pretty solid offer. Mine is 4 points. Also I checked their site for an offer and it's just the generic offer.

I do not have a score yet, as I'm only 4-5 months into my journey. I have zero negatives, 2 secured cards and 2 secured shared loans. So what do ya think?

Re: Discover It card offer any good?

CreditCuriosity — Wed, 04 May 2016 02:23:00 GMT

Have a very good shot if you dont have negatives and new to credit.. Discover likes people like you especially the new to credit aspect. Just my opinin, I believe you would be approved

Re: Discover It card offer any good?

MyLoFICO — Wed, 04 May 2016 02:26:49 GMT

My mom got one today too. Same % and everything. As long as your credit looks the same or better as it was when they pre-qualified you, your golden.

Re: Discover It card offer any good?

Anonymous — Wed, 04 May 2016 03:01:04 GMT

No changes on my report. I have 1-2 inquiries depending on which agency. I'm currently at 4% utilization on 1 card and zero balance on the other card

Re: Discover It card offer any good?

MyLoFICO — Wed, 04 May 2016 03:14:34 GMT

I'd say your good to go.

Re: Discover It card offer any good?

Anonymous — Wed, 04 May 2016 03:33:12 GMT

I think you have a good shot

Re: Discover It card offer any good?

Anonymous — Wed, 04 May 2016 04:02:53 GMT

Well I apped and was prompted to call and verify information. So I called and wasn't even asked to verify anything. Was immediately told my app was denied, but I could do some kind of joint application or something. Told them I wasn't interested.

I must say it was quite disheartening. I guess I will crawl back under my credit rock for a while longer. 🤕

Re: Discover It card offer any good?

CreditCuriosity — Wed, 04 May 2016 04:20:36 GMT

I am sorry to hear that.. A bit suprised, please let us know the reasons when you get the letter. As anything with credit nothing is guranteed. Even people in the 800's Fico scores get denials on ocassion. No one pretty much will ever bat 100, so don't give up as your credit is still fairly news. Stilll a bit shocked with the denial as you are an ideal person for discover.

Re: Discover It card offer any good?

Anonymous — Wed, 04 May 2016 04:37:16 GMT

I also got denied the discover it card. Same sequence of events too. Called to verify info, denied. I even have a CSP, Ink plus, Quicksilver, and Freedom unlimited with no derogs, 100% payment history, 14 accounts, including 2 paid off auto loans, and I've been denied by discover twice now in the past 2 years.

I am a business owner and have a merchant account that does $2000 a day in credit cards. As of yesterday I no longer will accept any discover cards.

Re: Discover It card offer any good?

MyLoFICO — Wed, 04 May 2016 11:57:12 GMT

I too am surprised. I too would be interested in the reason. And don't give up. When you do finally get in you will like the card. If they want a joint applicant then its probably short credit history. Give it 6 months and try again.

Re: Discover It card offer any good?

Anonymous — Wed, 04 May 2016 13:17:53 GMT

@Anonymous wrote:
Well I apped and was prompted to call and verify information. So I called and wasn't even asked to verify anything. Was immediately told my app was denied, but I could do some kind of joint application or something. Told them I wasn't interested.

I must say it was quite disheartening. I guess I will crawl back under my credit rock for a while longer. 🤕

This is extremely strange. I'd suggest contacting the Recon dept and see if they can issue you a line. At the very least they usually share the reasons for the denial.

Re: Discover It card offer any good?

Anonymous — Fri, 06 May 2016 00:15:37 GMT

dang man that is bitter sweet I know how u feel. I have a discover denial inquiry still on my report from 2014. They kept sending me mailers and two years later I re app'd and they approved me for my highest SL limit....so go figure. I know you are licking your wounds but Discover has been a pretty awesome card. I like the cash back option at grocery stores and their website, app, and direct U.S. customer service is the best of any of my current cards.

Re: Discover It card offer any good?

RonM21 — Fri, 06 May 2016 09:48:15 GMT

@Anonymous wrote:
Well I apped and was prompted to call and verify information. So I called and wasn't even asked to verify anything. Was immediately told my app was denied, but I could do some kind of joint application or something. Told them I wasn't interested.

I must say it was quite disheartening. I guess I will crawl back under my credit rock for a while longer. 🤕

Sorry to hear OP. I was sure you would get approved in my opinion.

Re: Discover It card offer any good?

Anonymous — Thu, 12 May 2016 23:10:46 GMT

Well I got my denial letter and the reason was INSUFFICIENT CREDIT HISTORY. Oh well I will just let what I have grow and as soon as I have a pre approval with Cap1, I will app for them. Then most likely wait another 6 months and app for Discover again. Perhaps it's for the best, I would probably have gotten a small SL

Re: Discover It card offer any good?

drboxing — Wed, 18 May 2016 00:31:53 GMT

I burned discover in 2008 with BK. After 1-3 tries, they finally approved me this past November.