topic Re: Boyfriend's First CC! in Credit Card Applications

Boyfriend's First CC!

Anonymous — Mon, 20 Apr 2020 08:30:30 GMT

Hello All,

Trying to help my boyfriend out as we graduate in May and he has no credit, while I have 7 CCs.. anyway. It's a tossup between Discover It and Apple Card, I have both and (BoA, Capitol One, Target, Victoria Secret, Amazon Prime). He wants one that I already have and honestly I do too. What do you think is the best for new credit?

Re: Boyfriend's First CC!

Mv350 — Mon, 20 Apr 2020 09:19:26 GMT

Have him try the prequal for discover. If he needs to start with a secured card, that one would at least graduate in a reasonable amount of time. Who does he bank with?

Re: Boyfriend's First CC!

AverageJoesCredit — Mon, 20 Apr 2020 12:51:48 GMT

Discover....Apple is too niche in my opinion. More for people who are ingrained in Apple culture but usually already have ccs.

Re: Boyfriend's First CC!

joltdude — Mon, 20 Apr 2020 12:53:21 GMT

Id be tempted to go for both.. but not quite at the same time....

Did your SO file taxes last year? ... Discover has been requesting tax forms somewhat frequently on new accounts,esp secured and they have to be close to whats on the form, not what they are currently making... or expect to make this year.. No HHI here..

Im actually a fan of Discovers secured offering but this change in policy does make me hesitate a bit, esp with the current economic climate but I think its a good card esp for new/thin credit...

Since the SO is in school, id definitely app as a student and I think would be less likely to run into issues, such as listed above.... and less likely to offer you a secured card.... Limit might top out on the lowish side, but id let it ride for now .. Discover uses enhanced scoring on student accounts which is for people with no/thin credit and actually improves the odds of approval...

Apple card could be an option later in the year.. since you can find out if your approved and decline it without the HP...

-J

Re: Boyfriend's First CC!

joltdude — Mon, 20 Apr 2020 12:57:37 GMT

@AverageJoesCredit

Think the Apple Card would be a decent option... yes its a bit niche, but its an MC, and Apple is entertaining and even going for folks new to credit ... and you can get a preapproval with CL and APR and reject it... And it has some rewards... But id still go for the Disco first...

-J

Re: Boyfriend's First CC!

GApeachy — Mon, 20 Apr 2020 13:01:54 GMT

@joltdude wrote:
Id be tempted to go for both.. but not quite at the same time....
Did your SO file taxes last year? ... Discover has been requesting tax forms somewhat frequently on new accounts,esp secured and they have to be close to whats on the form, not what they are currently making... or expect to make this year.. No HHI here..

Im actually a fan of Discovers secured offering but this change in policy does make me hesitate a bit, esp with the current economic climate but I think its a good card esp for new/thin credit...

Since the SO is in school, id definitely app as a student and I think would be less likely to run into issues, such as listed above.... and less likely to offer you a secured card.... Limit might top out on the lowish side, but id let it ride for now .. Discover uses enhanced scoring on student accounts which is for people with no/thin credit and actually improves the odds of approval...

Apple card could be an option later in the year.. since you can find out if your approved and decline it without the HP...
-J

-J

+1- This^^^^^^^....so glad you posted this. If he does app for Disco he will need to match his income off of his tax return last year. If he didn't file, I'd have him wait. There was a post where the new applicant (18 y/o) hadn't filed, of course, they accepted his app, issued the card and then shut him down.

Re: Boyfriend's First CC!

Anonymous — Mon, 20 Apr 2020 14:45:57 GMT

He banks with Chase & People's United Bank

Re: Boyfriend's First CC!

Anonymous — Mon, 20 Apr 2020 14:50:02 GMT

His mother has claimed him every year even though he works on campus, so he has no history with filing taxes. I too think Discover is a great choice because they started me off with $500 and I now have $2300 , they asked me if I was graduating this year and upped my limit accordingly. I think he needs to act now because in 2 weeks we are coinsidered graduates!

Re: Boyfriend's First CC!

GApeachy — Mon, 20 Apr 2020 14:53:43 GMT

Good luck to Boyfriend, let us know the outcome. Congrats to you both on Graduating as well!

Re: Boyfriend's First CC!

Anonymous — Mon, 20 Apr 2020 14:53:11 GMT

Yeah I got rejected off the first app with Apple Card, but waited and paid off a big amount on my other cards and had a crazy CS spike and they took me, my mentee that I work with at my university.. I reccomended Apple Card to her for her first card and she was approved but she had tax returns on file and I think that's what helped her .. he has absolutely nothing on file, so frustrating.

Re: Boyfriend's First CC!

Anonymous — Mon, 20 Apr 2020 14:54:43 GMT

Thank you! Hopefully today we will try the soft pull with Apple Card and I'll do some digging on discover with no tax history , I appreciate the congratulations )) I will definitely keep this thread in my mind

Re: Boyfriend's First CC!

GApeachy — Mon, 20 Apr 2020 14:58:57 GMT

@Anonymous wrote:
I'll do some digging on discover with no tax history

Why don't you call Discover and ask them a bazillion questions concerning your Boyfriends income/status situation and let them advise? It certainly couldn't hurt.

Re: Boyfriend's First CC!

joltdude — Mon, 20 Apr 2020 15:58:34 GMT

Im going to differ.. think it might draw needless attention to either your account, or the SO.... Id just try for a discover prequal....

That student status is worth taking a gamble...

From personal experience it can mean the difference between an approval for an unsecured card or not....

Re: Boyfriend's First CC!

pinkandgrey — Mon, 20 Apr 2020 16:37:39 GMT

Discover all the way. That was one of my first cards and I still love it. Disco gave me a very generous starting limit even with extremely limited credit history.

Re: Boyfriend's First CC!

Anonymous — Mon, 20 Apr 2020 17:39:10 GMT

He's going to do the pre-approval form online right now for Discover, I'll let you all know the results !

Re: Boyfriend's First CC!

CreditAggie — Mon, 20 Apr 2020 19:53:36 GMT

I started with both the Apple Card and Discover, and both have been great. Discover gave me a much more generous SL, and I requested and was approved a SP CLI on my Apple Card after six months of use. If he apps for the student Discover, he can also get a good grade bonus if he has a 3.0 or higher! Additionally, applying for Discover as a student didn't trigger a request for a 4506-T.

Re: Boyfriend's First CC!

Anonymous — Mon, 20 Apr 2020 20:19:03 GMT

I love your siggy ! And yes , we been putting it off but I really want him to go for it . He wants to get a place in 3 years and his Avg age needs to be higher

Re: Boyfriend's First CC!

Anonymous — Mon, 20 Apr 2020 21:23:34 GMT

He was preapproved for the student card with 0% for 6 months and 15.99%

Re: Boyfriend's First CC!

AllZero — Mon, 20 Apr 2020 21:33:52 GMT

Congratulations on DBF approval!

Re: Boyfriend's First CC!

FireMedic1 — Mon, 20 Apr 2020 22:03:07 GMT

Try Disco's Refer a Friend. Sign in. Send your BF an email from the site. Approved and you both get $100

https://www.discover.com/credit-cards/exclusives/sharediscover/