topic Re: Discover in Credit Card Applications

Discover

Anonymous — Sun, 18 Feb 2018 16:54:13 GMT

Hello all,
I am a college student seeking a credit card and was recently informed that I should try for a discover card. I would like to know which discover card should I try for? And also are my chances of getting approved for the discover it student card greater then the regular discover it card?
Thank you.

Re: Discover

Anonymous — Sun, 18 Feb 2018 17:16:37 GMT

Discover offers 3 cards:

IT - rotating 5% categories per quarter, 1% on everything else, cashback card

Chrome - flat 2% on gas/restaurants, 1% on everything else, cashback card

Miles - “travel” card, earn miles

Which one you choose, depends on which rewards structure you want.

The student card is easier to get approved for. The student IT and student Chrome are available. Not sure about a student Miles.

Use the pre-qualify tool to see if your pre-approved.

Re: Discover

LuckyB338 — Sun, 18 Feb 2018 19:26:24 GMT

Go for the IT Student Card. You have better odds of approval since you are a student and in the process of building credit. It will likely be SP so no harm no foul even if u get denied. Just FYI they IT and IT for Students are both the same, same benefits!

Re: Discover

Anonymous — Sun, 18 Feb 2018 20:09:46 GMT

What is SP if you don't mind me asking? Thank you both for your advice as well.

Re: Discover

LuckyB338 — Sun, 18 Feb 2018 20:31:28 GMT

Sp- Soft pull. Good luck! I had 695 when I applied for discover it student and was instantly approved. It's a great starter card, but dont use it too much and keep utilization between 1-9%. If u do everything right there should be a nice CLI after 90 days

Re: Discover

joltdude — Mon, 19 Feb 2018 01:42:43 GMT

Do you have a FICO score reporting, as in can you pull a fico score... it takes 6 months of credit use to generate a fico....

If not.. Discover uses "enhanced scoring" designed for new/no credit folks ... WITH THE STUDENT CARD....

The only slight gotcha with the student card.. is youll see slightly slower growth... but it is easier to get...

Also try seeing if you can sign up for Credit Scorecard.... you may or may not be able to... would also tell us if you already have a fico score generating....

I apped (and no i wasnt in school at the time) so i didnt check the box for student..... I got denied but they sent me an enhanced score which would have been more than high enough for their student card........

-J