topic Re: Discover Preapproval? in Credit Card Applications

Discover Preapproval?

tcbofade — Sun, 04 Mar 2018 19:58:53 GMT

DW now has TWO different Discover it prequal offers... both with firm interest rates, not ranges.

Does that mean that she's ACTUALLY preapproved?

No prequals from Citi or Chase... yet.

Re: Discover Preapproval?

LCC_mk14 — Sun, 04 Mar 2018 20:21:01 GMT

I would say she has a great chance! Mine were that way and came out approved without a HP, so seems no harm no foul

Re: Discover Preapproval?

Awesomemom32 — Sun, 04 Mar 2018 20:27:07 GMT

I agree. I was recently pre-approved for the Discover IT and Chrome cards with solid APR's. Not the best terms but I decided to app for the IT and I was instantly approved with no hard pull.

The odds are definately in her favor so if it's a card that will be of use to her I would say go for it.

Re: Discover Preapproval?

Anonymous — Sun, 04 Mar 2018 23:25:28 GMT

Looks like she has a pretty good chance. Do both offers have the same terms?

Re: Discover Preapproval?

AverageJoesCredit — Sun, 04 Mar 2018 23:28:53 GMT

Thats great Tcbo, if its on their prequal site, id say odds really good. Maybe shell get the 10k sl and we can start using Discover Airways

Re: Discover Preapproval?

Anonymous — Thu, 08 Mar 2018 14:16:05 GMT

I just checked the Discover prequal site a few minutes ago myself (having checked last month to see what might come up and having been turned down), and got single-figure preapproval offers for two versions of the Discover IT, the 14-month zero-APR version and the 6-month zero APR/18-month zero APR on balance transfer version. Offer is valid until next Thursday so I have a bit of time to think about it. It's rather curious that I got a preapproval considering that I applied for a CLI on my current Discover IT earlier this morning but was turned down. If I do take this and get definitely approved, I'll probably use the rewards on my older card and then close it after payoff if I can't combine the older card with the new one.

Re: Discover Preapproval?

Anonymous — Thu, 08 Mar 2018 14:22:34 GMT

Prior to finally applying for my Discover Card I had been getting multiple weekly mailers (typically with an APR “range”) and prequals on their site with a low, firm APR. I found it to be solid as I applied and was instantly approved with an $11K SL. Discover prequals with a firm APR certainly appear to be fairly solid. If she apps, please let us know the outcome and any data points yall are willing to share. Good luck!

Re: Discover Preapproval?

Anonymous — Fri, 09 Mar 2018 18:26:33 GMT

Hello! I was just preapproved on their website, it'll be a SP?

Re: Discover Preapproval?

Anonymous — Fri, 09 Mar 2018 18:36:48 GMT

@Anonymouswrote:
Hello! I was just preapproved on their website, it'll be a SP?

What terms did you get? If it's a single-figure APR at a decent rate, and you believe you need/can use a Discover, think about it. You might or might not be hard-pulled when you go to the actual application; it seems to vary from person to person. As I noted yesterday, I got preapprovals for two versions of the Discover IT; I'm going to run the preapproval routine again early next week once new payoffs have reported which should boost my scores another point or two at least.

Re: Discover Preapproval?

tcbofade — Fri, 09 Mar 2018 21:34:33 GMT

Approved!

It's her 2nd discover IT card. $5,500 starting line.

They pulled her Equifax Fico 8 score which was 674. roughly 40% utilization, no baddies.

Re: Discover Preapproval?

Adkins — Fri, 09 Mar 2018 22:39:20 GMT

@tcbofadewrote:
Approved!

It's her 2nd discover IT card. $5,500 starting line.

They pulled her Equifax Fico 8 score which was 674. roughly 40% utilization, no baddies.

Congratulations to the DW!