topic Re: Discover It approved! What next? in Credit Card Applications

Discover It approved! What next?

AKO17 — Mon, 22 Jun 2015 15:51:06 GMT

Newbie here... After seeing some improvements on all 3 scores last week and doing a lot of research here at MyFICO, I decided to try and apply for a new CC yesterday and I was approved for Discover It! Unsure of my CL, but I'm calling today to find out. Question: should I apply for another card today? My scores have all jumped about 20-25 points within the last week as I had some baddies fall off and my utilization is under 6%. What do you think? Am I right to apply for 2-3 cards at once and then garden for a while? I'm hovering at 600 on all three CRAs... Slowing improving. This forum has been an incredible source of information. Thank you all!

Re: Discover It approved! What next?

AKO17 — Mon, 22 Jun 2015 16:14:56 GMT

Update: CL is $1800. Pretty great for me! They did a HP on EQ and it only dropped my score 1 point. Phew! And I shouldn't say my scores are hovering at 600. They are: EQ: 621, TU: 596, EX: 623 (Why is TU always so much lower than the others?)

Re: Discover It approved! What next?

Anonymous — Mon, 22 Jun 2015 17:57:46 GMT

Congrats! Discover is my next credit card to app for, but I have been waiting for my scores to get a little higher. They are currently 611 EQ / 613 TU / 613 EX, I got a preapproval from Discover but I still think I'll wait a while.

Re: Discover It approved! What next?

-Cal- — Mon, 22 Jun 2015 18:18:10 GMT

congrats, my wife had similar scores and was approved for the Discover IT and Chase Freedom cards. There aren't many non-store cards you would get approved for with those scores. I would focus on getting scores higher before applying for more cards unless there is a justified need for it.

Re: Discover It approved! What next?

-Cal- — Mon, 22 Jun 2015 18:20:41 GMT

RE your TU score, it could be lower because number of inquiries differ, or more negative information is reported or some positive information could be missing or reported utilization differs.

Re: Discover It approved! What next?

itguy_65 — Mon, 22 Jun 2015 19:26:09 GMT

Be sure to call and sign up for the double cash promotion!

Re: Discover It approved! What next?

taxi818 — Mon, 22 Jun 2015 19:36:36 GMT

@-Cal- wrote:
congrats, my wife had similar scores and was approved for the Discover IT and Chase Freedom cards. There aren't many non-store cards you would get approved for with those scores. I would focus on getting scores higher before applying for more cards unless there is a justified need for it.

+1. you can consider it lucky to get approved with those scores. for sure don't push it to hurt scores any further. use the new card and let some time past. congrats btw.

Re: Discover It approved! What next?

Anonymous — Mon, 22 Jun 2015 19:58:32 GMT

I would probably sit out a little while. Enjoy your Discover card and build a good relationship with them. But if you are set on another card, probably check to see what your bank offers.

Re: Discover It approved! What next?

AKO17 — Mon, 29 Jun 2015 14:31:22 GMT

Thanks, all! I'm going to sit back in the garden and enjoy my new card for a bit

Re: Discover It approved! What next?

Anonymous — Mon, 29 Jun 2015 14:33:11 GMT

Congrats on your approval and gardening sound like a good idea.

Re: Discover It approved! What next?

Anonymous — Mon, 29 Jun 2015 14:34:16 GMT

Yes just sit in the garden. Do well with the card and get some SP CLIs in the future Congrats

Re: Discover It approved! What next?

Anonymous — Mon, 29 Jun 2015 14:56:15 GMT

Congrats on your approval!! Discover it and chase freedom are the next credit cards I want to apply and hopefully to get it. If you don't mind, do you have any baddies in you CRs?? I am just curious.

Re: Discover It approved! What next?

AKO17 — Mon, 29 Jun 2015 18:17:25 GMT

I do, actually. I think I got very lucky with this approval. All baddies are nearly 7 years old and all are due to drop between now and Feb of next year, but I have 5 (I know) and 3 late pays on credit cards from 2013 and 2014.

Re: Discover It approved! What next?

Anonymous — Mon, 29 Jun 2015 19:10:04 GMT

Were you originally denied but counter offered? I ask because I was denied certain terms, and was counter offered. They said it was because of my score which at the time was 645.

Re: Discover It approved! What next?

AKO17 — Mon, 29 Jun 2015 19:48:39 GMT

Yes, I was denied the offer I originally applied for and it immediately counter-offered and approved me.

Re: Discover It approved! What next?

Anonymous — Mon, 29 Jun 2015 20:08:06 GMT

Good job!!! My cal was only 1600. I'm hoping to get a cli this month.

Re: Discover It approved! What next?

Anonymous — Mon, 29 Jun 2015 20:16:39 GMT

Way to go!!! Now you can Discover a whole new world......but as indicated already, I would probably stay close to home for the next little while until your scores rise a bit.