topic Re: 3rd Discover Card? in Credit Card Applications

3rd Discover Card?

dlister70 — Sun, 24 Nov 2019 17:45:42 GMT

Well, I guess it'll technically be 2nd since I just canceled the 2nd card.

I had a Discover It and used it for year for the cashback match.

I got a 2nd Discover It and used it for the 2nd year for another year of cashback match.

I just transferred the limit from the 2nd card back to the first card, and canceled the 2nd card today.

How long do I need to wait after canceling the 2nd card before trying to get a 3rd Discover It (and hopefully another year of cashback match)?

Re: 3rd Discover Card?

CreditCuriosity — Sun, 24 Nov 2019 17:57:28 GMT

Year between discover cards... Although been a few reports recently few have got earlier than that. Use to be the old rules so say you got a discover card 6 months ago you must wait 6 more months for 2nd one.

Re: 3rd Discover Card?

dlister70 — Sun, 24 Nov 2019 18:03:42 GMT

@CreditCuriosity wrote:
Year between discover cards... Although been a few reports recently few have got earlier than that. Use to be the old rules so say you got a discover card 6 months ago you must wait 6 more months for 2nd one.

The card that I just canceled today was applied for over a year ago. So does that mean I theoretically could get approved today? I wondered if I should wait a month for Discover to report the cancelation and see it fall off my credit report?

Re: 3rd Discover Card?

CreditCuriosity — Sun, 24 Nov 2019 19:11:18 GMT

@dlister70 wrote:
@CreditCuriosity wrote:
Year between discover cards... Although been a few reports recently few have got earlier than that. Use to be the old rules so say you got a discover card 6 months ago you must wait 6 more months for 2nd one.
The card that I just canceled today was applied for over a year ago. So does that mean I theoretically could get approved today? I wondered if I should wait a month for Discover to report the cancelation and see it fall off my credit report?

i would wait a few days and run their pre-qual if interested in another card.... No sense in taking an un-needed hp if system hasn't cycled or to even be more safe wait till the 1st of Dec...

Re: 3rd Discover Card?

Anonymous — Sun, 24 Nov 2019 19:12:39 GMT

I have no experience to share, but I was wondering if you've tried Discover's pre-qual to see if anything comes up

Re: 3rd Discover Card?

Anonymous — Sun, 24 Nov 2019 20:09:36 GMT

It won't fall off your reports. It'll be there up to ten more years.

Re: 3rd Discover Card?

dlister70 — Sun, 24 Nov 2019 22:21:27 GMT

@Anonymous wrote:
It won't fall off your reports. It'll be there up to ten more years.

I guess I said that wrong. I meant until it stops showing on my report as an active card. I'm assuming since the application would be with Discover card, that they would know that it was canceled even though it's showing at credit agencies as active until they report it differently.

Re: 3rd Discover Card?

dlister70 — Sun, 24 Nov 2019 22:23:52 GMT

@Anonymous wrote:
I have no experience to share, but I was wondering if you've tried Discover's pre-qual to see if anything comes up

The prequal site says that I'm pre-approved for both a Chrome and an It card. I didn't think to look at it before I canceled the other card, so I'm not sure if that's a new development.

Re: 3rd Discover Card?

AverageJoesCredit — Sun, 24 Nov 2019 23:14:52 GMT

You could have a prequal and still be denied for having too many Discover cards. I would give it 3 months in between closing one card and applying for another. Thats what i did.

Re: 3rd Discover Card?

FireMedic1 — Mon, 25 Nov 2019 16:18:21 GMT

@dlister70 wrote:
@CreditCuriosity wrote:
Year between discover cards... Although been a few reports recently few have got earlier than that. Use to be the old rules so say you got a discover card 6 months ago you must wait 6 more months for 2nd one.
The card that I just canceled today was applied for over a year ago. So does that mean I theoretically could get approved today? I wondered if I should wait a month for Discover to report the cancelation and see it fall off my credit report?

The card I closed 10 days ago hasnt even reported yet. Statement date was 2 days ago. Still waiting for the account closed alert. And your another lucky one that combined. As everyone knows I was told I couldn't.

Re: 3rd Discover Card?

AverageJoesCredit — Mon, 25 Nov 2019 16:40:40 GMT

@FireMedic1

HUCA BABY HUCA!😄

Stop getting your doppelganger and you might improve you chances

Re: 3rd Discover Card?

dlister70 — Mon, 25 Nov 2019 22:26:44 GMT

@FireMedic1 wrote:
The card I closed 10 days ago hasnt even reported yet. Statement date was 2 days ago. Still waiting for the account closed alert. And your another lucky one that combined. As everyone knows I was told I couldn't.

The first time that I called to combine limits over the summer, the rep told me that they couldn't do that. I insisted that she transfer me to someone else because I knew that they did under the right circumstances. She put me on hold for awhile, then came back and appologized and said that she would need to transfer me to the credit limit team in order to do that.

If you got the right people and they just said no, then I'm not sure what happened?

I saw in another thread where you mentioned that right after canceling your card, the rep mentioned that you could sign up for another one right there in that call since you already canceled. I wonder if that answers my question here as to how long I need to wait?

I'm not terribly patient, so I may try tomorrow and see what happens.

Re: 3rd Discover Card?

FireMedic1 — Tue, 26 Nov 2019 08:32:19 GMT

@dlister70 wrote:
@FireMedic1 wrote:
The card I closed 10 days ago hasnt even reported yet. Statement date was 2 days ago. Still waiting for the account closed alert. And your another lucky one that combined. As everyone knows I was told I couldn't.
The first time that I called to combine limits over the summer, the rep told me that they couldn't do that. I insisted that she transfer me to someone else because I knew that they did under the right circumstances. She put me on hold for awhile, then came back and appologized and said that she would need to transfer me to the credit limit team in order to do that.

If you got the right people and they just said no, then I'm not sure what happened?

I saw in another thread where you mentioned that right after canceling your card, the rep mentioned that you could sign up for another one right there in that call since you already canceled. I wonder if that answers my question here as to how long I need to wait?

I'm not terribly patient, so I may try tomorrow and see what happens.

Website had a banner it will stay on the site for a year. Still shows a credit line and all like it wasnt clsoed. We'll see once it updates. Still open on Wallethub. But Snailunion is always last.

Re: 3rd Discover Card?

dlister70 — Tue, 26 Nov 2019 13:57:54 GMT

To answer my own question, it appears as though you can probably apply right away.

I canceled the card on Sunday, and just applied for and was approved for another Discover It card. The pre-qualify site also said I'd get the cash back match and 14 months of 0% interest, so hopefully my packet says the same when it arrives!

Re: 3rd Discover Card?

FinStar — Tue, 26 Nov 2019 16:17:22 GMT

As the OP has indicated they've been approved, this thread is now locked and closed to new messages.

OP, feel free to start a new approval thread with any relevant DPs in the Approvals forum if you would like to do so.