topic Discover application and verification in Credit Card Applications

Discover application and verification

NeverTubetheGoose — Tue, 17 Oct 2023 04:02:33 GMT

I filed bk7 in May 2019 and included Discover for about $25k (and it was a relatively new card). Every once in a while I would go to their prequal page, knowing I wasn't going to get back in, most recently about a month ago. Last week I got an "invite" in my email to see if I was preapproved. Expecting the normal denial, I filled out the infor and this time was told that my application was almost done, given a reference number and told that Equifax verification services might contact me. They did and requested I fill out an IRS 4506C form (I believe) for income verification. How long does it normally take to hear the final decision after submitting the form?

Thanks in advance.

Re: Discover application and verification

coldfusion — Tue, 17 Oct 2023 12:43:50 GMT

Over the last several years the turnaround time from the IRS has varied quite a bit, and while I haven't seen any recent data points the last I knew from AMEX applicants that if the request were made and authorized electronically it was taking about 2 weeks to get a final decision. Hopefully someone with a recent data point can chime in with their experience.

And yes it should have been a 4506-C, that's the correct form nowadays if a 3rd party is requesting access to your federal tax returns. The 4506-T still exists but was reclassified to only be used if you are the one requesting a copy if your own tax return.

Re: Discover application and verification

MikeyMagic — Tue, 17 Oct 2023 15:29:33 GMT

I'm wondering if Discover has/is asking everyone now to do the 4506-C form. I read a bunch of threads on here and reddit where people had to do it even with Secured Cards

New applicants all the way to Discover card holders for years.

So far I have not been asked and my Discover Secured Card is on the way. But based on what I have read about this I am pretty much bracing for the dreaded "Equifax" email soon. I hope I'm wrong though and I can get my card and use it right away.

Re: Discover application and verification

NeverTubetheGoose — Fri, 20 Oct 2023 16:23:56 GMT

Thank you. It's been over a week now and I still haven't heard anything. The two weeks might not be wrong.