topic Re: 2nd Disco Card Questions in Credit Card Applications

2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 00:49:54 GMT

Today I checked the prequal site & saw two offers for IT & Chrome. I already have an IT @ 12K, but both offers were 14 months 0% BT and I thought "Why not?" So, after fretting over the decision long enough to time out my appl, finally I re-apped and hit SUBMIT, the wheel spun for 20 seconds and I got APPROVED. Cool. Then I checked the "see how much link" and it said 3K, lower than I was hoping for. Questions:

1) Can/should I recon the amount, and with what level of confidence in a positive outcome?

2) If 1 is a no go, how soon can a CLI be gotten?

3) I had requested BT (hoping for a larger CL) and filled in info on a 5K balance -- upon issue, will they pay part of that 5K up to the card's limit or just ignore the request?

4) the 1st time @ the prequal site I selected "cash back" as what I was interested in and, as mentioned above, was offered both the IT and the Chrome. I decided on the Chrome because: I think the cash back (especially with the match) will play better for the year than the IT; I already have an IT. But the 2nd time I selected "balance transfer" as my reason and instead got 2 offers but both for the IT. Can I switch the card while they're still working on it up there? Is there value in just keeping the two IT cards and combining them at some point?

Any and all thoughts appreciated.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 02:43:20 GMT

2. I think no sooner than 3 months (or 90 days?) on the second card.
4. I was told no product changes until the 12 months is up. I regretted the Chrome instantly because I realized I really made out well in the gas and Amazon category w/ 10% back! I guess you could always ask though.
Yes, you can combine after the 3 months whenever your next credit limit increase is available (don't accept) on the card you want to allocate all or part of the balance to. You just call in and it's easy. You'll also get the credit limit increase at that time.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 02:53:13 GMT

@Anonymous wrote:
Yes, you can combine after the 3 months whenever your next credit limit increase is available (don't accept) on the card you want to allocate all or part of the balance to. You just call in and it's easy. You'll also get the credit limit increase at that time.

Thanks for the answers Sabil. So if:

Old Card 1: 12K CL

New Card 2: 3K CL

If I want to combine them both after Month 3 of Card 2's lifetime, you are saying I should wait on checking the CLI opportunities until calling to request a CSR combine them first? Then ask for a CLI? Does this mean if one has multiple cards they can only get increases on one of them? If between now and Month 3 I get another CLI on Card 1 will that prevent the Month 3 CLI for Card 2, or the combine card Month 3 CLI?

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 02:58:28 GMT

A CLI has to be available on the "receiving" card to do the reallocation. For example, I'm moving part of my first to my second card. When my 3 months is up I'll keep checking my second card and when I see the CLI offer online (might be longer than 3 months. You know how random they are), I'll call in. They will reallocate the balance and give me the credit increase since they can see that I had one available.
Even while I'm waiting for a CLI on my second, it hasn't stopped me from getting a CLI on my first so I have a feeling they're independent.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 03:14:35 GMT

Alright, I follow you now. Thanks for the explanation.

Re: 2nd Disco Card Questions

bodyboy1 — Mon, 23 Jul 2018 04:58:34 GMT

@Anonymous wrote:
@today I checked the prequal site & saw two offers for IT & Chrome. I already have an IT @ 12K, but both offers were 14 months 0% BT and I thought "Why not?" So, after fretting over the decision long enough to time out my appl, finally I re-apped and hit SUBMIT, the wheel spun for 20 seconds and I got APPROVED. Cool. Then I checked the "see how much link" and it said 3K, lower than I was hoping for. Questions:

1) Can/should I recon the amount, and with what level of confidence in a positive outcome?
2) If 1 is a no go, how soon can a CLI be gotten?
3) I had requested BT (hoping for a larger CL) and filled in info on a 5K balance -- upon issue, will they pay part of that 5K up to the card's limit or just ignore the request?
@4) the 1st time @ the prequal site I selected "cash back" as what I was interested in and, as mentioned above, was offered both the IT and the Chrome. I decided on the Chrome because: I think the cash back (especially with the match) will play better for the year than the IT; I already have an IT. But the 2nd time I selected "balance transfer" as my reason and instead got 2 offers but both for the IT. Can I switch the card while they're still working on it up there? Is there value in just keeping the two IT cards and combining them at some point?

Any and all thoughts appreciated.

> No CLI till after 3 months.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 11:21:58 GMT

@Anonymous wrote:
2. I think no sooner than 3 months (or 90 days?) on the second card.
4. I was told no product changes until the 12 months is up. I regretted the Chrome instantly because I realized I really made out well in the gas and Amazon category w/ 10% back! I guess you could always ask though.
Yes, you can combine after the 3 months whenever your next credit limit increase is available (don't accept) on the card you want to allocate all or part of the balance to. You just call in and it's easy. You'll also get the credit limit increase at that time.

Discover policy might have changed in the last few months, because it was previously my understanding that the new card had to be at least 12 months (1 year) old before the two cards could be combined. Also, I asked Discover CS last week about reallocating a portion of my limit from the older card to the newer card, and the answer I got back seemed to indicate that wasn't possible and I should ask for a CLI on the newer card instead.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 12:58:18 GMT

@Anonymous wrote:
@Anonymous wrote:
2. I think no sooner than 3 months (or 90 days?) on the second card.
4. I was told no product changes until the 12 months is up. I regretted the Chrome instantly because I realized I really made out well in the gas and Amazon category w/ 10% back! I guess you could always ask though.
Yes, you can combine after the 3 months whenever your next credit limit increase is available (don't accept) on the card you want to allocate all or part of the balance to. You just call in and it's easy. You'll also get the credit limit increase at that time.
Discover policy might have changed in the last few months, because it was previously my understanding that the new card had to be at least 12 months (1 year) old before the two cards could be combined. Also, I asked Discover CS last week about reallocating a portion of my limit from the older card to the newer card, and the answer I got back seemed to indicate that wasn't possible and I should ask for a CLI on the newer card instead.

That's good to know, joe. Thanks.

I don't think I'd want to combine before 12 months because the double cb bonus for 1st year would surely be forfeited. Next year at this time would be a different scenario.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 13:13:21 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
2. I think no sooner than 3 months (or 90 days?) on the second card.
4. I was told no product changes until the 12 months is up. I regretted the Chrome instantly because I realized I really made out well in the gas and Amazon category w/ 10% back! I guess you could always ask though.
Yes, you can combine after the 3 months whenever your next credit limit increase is available (don't accept) on the card you want to allocate all or part of the balance to. You just call in and it's easy. You'll also get the credit limit increase at that time.
Discover policy might have changed in the last few months, because it was previously my understanding that the new card had to be at least 12 months (1 year) old before the two cards could be combined. Also, I asked Discover CS last week about reallocating a portion of my limit from the older card to the newer card, and the answer I got back seemed to indicate that wasn't possible and I should ask for a CLI on the newer card instead.
That's good to know, joe. Thanks.
I don't think I'd want to combine before 12 months because the double cb bonus for 1st year would surely be forfeited. Next year at this time would be a different scenario.

Well, in my own scenario, I'm planning to combine the older card (obtained March 2017) into the newer card (opened March 2018), so the double CB bonus for the newer card still ought to be active as well as the 0% APR promo period.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 13:21:52 GMT

That makes sense. My older card is from 2012 so I'd want to keep it.

Re: 2nd Disco Card Questions

xaximus — Mon, 23 Jul 2018 13:24:22 GMT

1 - I would call and recon - play nice with them and see. Bring up your other account (if used PIF, etc. ) Prove to them that you are managing your card well and chances are they'll review and increase.
2 - 90 days minimum
3 - Usually they'll transfer the balance or part of it (not 100%, maybe someone else can chime in on this)
4 - Unless you are using the benefits of both cards, I would combine into one, then down the road you can apply for another card since Disco only allows max 2 cards at a time.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 13:33:49 GMT

Good answers, x. Thank you.

As to 1, I had the 1st card maxed out for about 2 years straight. Recently made some headway which got me a 4K CLI to 12K total. But based on your suggestion I will call later to ask and then update.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 15:19:26 GMT

I probably ought to call Discover directly and get better information about whether it's possible to reallocate part of the CL from my older card to my newer card. I asked them the question via secure messaging and the answer I got back read as being distinctly canned to me, since they used most of the space explaining how to get a CLI (which I already know how to do).

Re: 2nd Disco Card Questions

FinStar — Mon, 23 Jul 2018 16:17:00 GMT

Unlike some banks who may be able to reallocate CC limits between some products with great flexibility, Discover isn't really one of them unless either account is eligible for a CLI. Otherwise, they will not be able to move CLs.

Re: 2nd Disco Card Questions

Anonymous — Mon, 23 Jul 2018 16:41:35 GMT

Joe: I got a CLI on my old card last month so I called in and that's when they told me the rules. It was a supervisor that I had been transferred to for the realloc. He said just call back when (if) I had a credit limit increase available on the new card after 90 days. He even told me my date.

I figured why not keep both cards for each of their benefits, aging, and get CLIs on both. I saw someone on here who has $28k+ on both cards. Anywho, it is possible. The rep probably just wasn't aware of it. If you try again and they say no, maybe you could find out what their reason is?

Re: 2nd Disco Card Questions

gdale6 — Wed, 25 Jul 2018 01:03:26 GMT

Thread is closed to further comments as OP has been approved and has an approval thread running. To continue commenting please do so here

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/2nd-Disco-Card-w-DPs/td-p/5305428