topic Re: Really irritated at Discover in Credit Card Applications

Really irritated at Discover

Anonymous — Sun, 15 Feb 2015 04:54:06 GMT

I am very irritated, I went to the Discover website to check if I was preapproved for a card. It came back and said to apply for the IT card so I did, and entered all of my information, I waited about 30 seconds and then a screen popped up asking for employer information so I was thinking this might be a good thing, hit the button again and 30 seconds later it comes back and says they cannot approve me and i will hear from them in 7 to 10 days. I wasted an inquiry I suppose. First in 3 months. I am in the process of rebuilding from mid 500 scores and currenty have scores from myfico of Equifax 592, Transunion 620, Experian 602. I currently have 4 cards with a total of $2,000 CL and utilization of 11% and income of $119,000. I am a bit frustrated. I think I will wait till my scores get to at least 650 across the board before I apply for anyhing else.

Re: Really irritated at Discover

Santi78342 — Sun, 15 Feb 2015 04:58:17 GMT

Yeah. They changed the Discover preappoval a while back so that everyone gets told to apply. Unfortunately, It's about as good as a Credit Karma suggestion now.

Re: Really irritated at Discover

Anonymous — Sun, 15 Feb 2015 05:00:16 GMT

@Anonymous wrote:
I am very irritated, I went to the Discover website to check if I was preapproved for a card. It came back and said to apply for the IT card so I did, and entered all of my information, I waited about 30 seconds and then a screen popped up asking for employer information so I was thinking this might be a good thing, hit the button again and 30 seconds later it comes back and says they cannot approve me and i will hear from them in 7 to 10 days. I wasted an inquiry I suppose. First in 3 months. I am in the process of rebuilding from mid 500 scores and currenty have scores from myfico of Equifax 592, Transunion 620, Experian 602. I currently have 4 cards with a total of $2,000 CL and utilization of 11% and income of $119,000. I am a bit frustrated. I think I will wait till my scores get to at least 650 across the board before I apply for anyhing else.

Yeah....592 EQ won't get you far with Discover at all.

Online Discover preapprovals are WORTHLESS.

Re: Really irritated at Discover

Anonymous — Sun, 15 Feb 2015 05:07:05 GMT

Thanks,

I will ask before I apply for anything in the future or wait for a preapproval in the mail.

Re: Really irritated at Discover

Anonymous — Sun, 15 Feb 2015 06:37:11 GMT

Yeah, unfortunately Discover's preapproval page is crummy like that.

Discover is a funny company on approvals / denials. Honestly I've found no real rhyme or reason to it - it seems like they like you if you have no credit at all or excellent credit, and it seems like they counter offer the joint or secured card completely randomly. It seems like with Discover, it's a complete and total crap shoot.

Re: Really irritated at Discover

Anonymous — Sun, 15 Feb 2015 16:01:47 GMT

My co worker who has reall bad credit score was told she was pre approved for the chrome student she appplied (i told her not to) and BAM got a big old denied!

then she went to cap 1 (like i told her) and got $500 on quicksilver MC

Re: Really irritated at Discover

Anonymous — Sun, 15 Feb 2015 17:24:37 GMT

Discover is weird and very exact with their criteria.

Many people with much worse scores and situations have been approved over me. I'm not in great shape by any means but a lot better than many people that have been approved. Not worth anymore inquiries from me imo. I have many good cards now and will not bother with Discover again.

Re: Really irritated at Discover

TURNERHOOVER — Sun, 15 Feb 2015 17:58:09 GMT

I applied for Discover, was first denied then moments later they countered with another proposal, asked me to confirm offer, after doing so I was approved for 1500 limit. Weird process. 714 EQ at time of approval hope this helps.

Re: Really irritated at Discover

joltdude — Sun, 15 Feb 2015 19:28:06 GMT

Re: Really irritated at Discover

joltdude — Sun, 15 Feb 2015 19:35:29 GMT

Discover is conservative.. Online pre-approval is close to worthless.. Discover however likes thin but spotless credit (new generating score or less if student) or thicker excellent credit. Mail pre-approval esp with a set APR or narrow range (not 11 to 23) show a better chance at approval. Id be gardening for at least a 660, but if your borderline you might be offered a Co applicant or a secured offer

Re: Really irritated at Discover

Anonymous — Sun, 15 Feb 2015 19:36:05 GMT

@Anonymous wrote:
I am very irritated, I went to the Discover website to check if I was preapproved for a card. It came back and said to apply for the IT card so I did, and entered all of my information, I waited about 30 seconds and then a screen popped up asking for employer information so I was thinking this might be a good thing, hit the button again and 30 seconds later it comes back and says they cannot approve me and i will hear from them in 7 to 10 days. I wasted an inquiry I suppose. First in 3 months. I am in the process of rebuilding from mid 500 scores and currenty have scores from myfico of Equifax 592, Transunion 620, Experian 602. I currently have 4 cards with a total of $2,000 CL and utilization of 11% and income of $119,000. I am a bit frustrated. I think I will wait till my scores get to at least 650 across the board before I apply for anyhing else.

@Anonymous,

Waiting for your scores to improve is a good idea. Pre-approvals are often marketing techniques by companies enticing you to apply. You have a good income and with your score, I am not surpirsed you got declined. Too low.

Re: Really irritated at Discover

Anonymous — Sun, 15 Feb 2015 21:55:02 GMT

@Anonymous wrote:
Yeah, unfortunately Discover's preapproval page is crummy like that.

Discover is a funny company on approvals / denials. Honestly I've found no real rhyme or reason to it - it seems like they like you if you have no credit at all or excellent credit, and it seems like they counter offer the joint or secured card completely randomly. It seems like with Discover, it's a complete and total crap shoot.

I think you're totally correct on Discover's attitude towards approval/denial. I had only 3 months of credit history when they approved me of a 1500 credit line. Thinking back now, it was absolutely ridiculous (not that I don't want them to approve me). I didn't even have a fico score back then. They're weird, but I have nothing agaist them since they seems to like me very much (got another 1500 boost after six months). So yes, horray for Discover!

Re: Really irritated at Discover

Anonymous — Mon, 16 Feb 2015 06:36:58 GMT

Thanks Joltdude, I plan on taking your advice and gardening till I hit 660. I am working on having some collections removed that are beyond their statue of limitations and one that is not legit so perhaps that and a few months of gardening will get me to where I need to be.

Re: Really irritated at Discover

Anonymous — Mon, 16 Feb 2015 18:23:07 GMT

its not good

Re: Really irritated at Discover

Anonymous — Tue, 17 Feb 2015 03:51:39 GMT

I was just denied as well and Ive tried reconing a few times and no dice actually very rude customer service.

Re: Really irritated at Discover

joltdude — Wed, 18 Feb 2015 00:57:16 GMT

DC gamer you have a thin file with new accounts.. Yes your baddies aged off but you start close to scratch as a result.. If you didn't burn discover, wait 6 months, preferably 9 for your store cards to generate a score

Re: Really irritated at Discover

Creditwiser — Wed, 18 Feb 2015 01:03:31 GMT

@Anonymous wrote:
Thanks Joltdude, I plan on taking your advice and gardening till I hit 660. I am working on having some collections removed that are beyond their statue of limitations and one that is not legit so perhaps that and a few months of gardening will get me to where I need to be.

OP, I see you're relatively new to the forum. You could have saved the HP had you read up on what you were about to do. There are many threads that talk about the useless Discover Online Preapproval. My point is this; in the future, as you make decisions to app for whatever, read up on here and seek the advice of others before you make a move. You'll be better informed and can make better decisions based on what you learn. Thats what this Forum does best ! Good luck.

Re: Really irritated at Discover

Anonymous — Wed, 18 Feb 2015 03:45:21 GMT

Thanks Creditwiser, You are 100% correct, in hindsight I should have done some research here before. I won't make that mistake again that is for sure. This site has great information.