topic Re: Trying to Decide between Amazon Prime Store Card vs Discover It in Credit Card Applications

Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Wed, 05 Aug 2015 12:51:49 GMT

Hey guys,

I plan on making a large purchase on Amazon soon (and of course the holidays will be here before we know it.) - so either of these two cards would be beneficial for me with their 5% offers.

The Discover It's Double Cash promotion is tempting, but I'm not sure I would be approved. I have 3-4 inquiries on each bureau from earlier this year. My scores are below in my sig. I have old baddies, but most fall off next year.

I think I'd have a better chance at the Amazon Prime Store card by Synchrony. I've been getting mailers from Walmart (by Synchrony) pretty often - and they pull Transunion, which is my highest score at the moment... but of course the Discover is a "better" card, esp with the double cash promotion.

My only other question is if I should wait until my new limit with Capital One hits the bureaus before I apply for either. I combined two of my cards, so I now have an 8k limit - the highest I have on my own. But then again, the new app (and the other card being closed) might knock my scores down when they hit - so it might be a double edged sword. I'll have a new Venture One reporting also - only a 3k limit.

I'd love any advice!

I was also tossing around the idea of apping for a Venture simply to see if I could get a higher limit/my first Visa Sig card - but I'm not sure it'd be worth it. I'm happy with my existing limits, but would love the Visa Sig benefits that I could actually make use of. I plan to garden for two full years after this, so then again maybe it might be worth the try since the inquiries would fade by then.

Decisions, decisions.

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Wed, 05 Aug 2015 12:53:04 GMT

Btw - my own utilization is 0-1% since I pay in full. One of the cards I'm an AU on has 7% util though. (not my doing, haha.)

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Existentialist — Wed, 05 Aug 2015 21:45:33 GMT

Since U stated either card would be beneficial, I dont really see much of a dilemma/downside (as long as U dont go in anticipating a certain limit). Neither one is necessarily better than the other - it really depends on which is going to be more advantageous. Discover is the more flexible of the two but again this depends upon spending habits. Also waiting for other cards to report b4 app'ing isnt going to give U anymore of an advantage in that regard and since your scores are fine you're good to app sooner than later. And if U can find a way to make Wally work for U I'd pull the trigger on that too since its a card that can def grow with U quickly (totally up to U however). Best of luck whichever way u decide to proceed.

As for this...
________________________________________

I was also tossing around the idea of apping for a Venture simply to see if I could get a higher limit/my first Visa Sig card - but I'm not sure it'd be worth it. I'm happy with my existing limits, but would love the Visa Sig benefits that I could actually make use of. I plan to garden for two full years after this, so then again maybe it might be worth the try since the inquiries would fade by then.

Clearly this is a want vs a need and you're... (quote) "happy with my existing limits" (not to mention currently hav V1) so no rush there IMO but again.... your call. Post back with your ultimate decision - thanx.

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Pway — Wed, 05 Aug 2015 21:52:43 GMT

It depends. Do you want a store card or do you want a major cc. From what I have read on here Discover is a nice card to have especially with their rotating categories and double cash back. Each person will give a different response, it is all about what are you going to do? How often do you shop wtih amazon?

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

SunriseEarth — Thu, 06 Aug 2015 00:01:50 GMT

Either could be good for you situation. If you got Discover, they are currently doing 5% for Amazon. Also, if financing is an issue, you'd have 12 months of 0%. You might also get in for the double cash back promotion. In the short term, Discover seems to be a better option. However, I'm not sure ihow they'll take to your EQ score (of course, they might pull TU instead).

In the long term, Amazon's store card might be a preferable option, since they always offer promotional financing, ranging from 6-24 months. If you get a qualifying item for 24 month special financing, that might worth considering. Also, if you need financing in the future (i.e, after 12 months from now), this could be the better choice for your needs.

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

SunriseEarth — Thu, 06 Aug 2015 00:07:36 GMT

And since your UTIL is already low, I don't think waiting would help your scores. If anything, the new accounts will drop your AAoA and you'll see a temporary dip

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Thu, 06 Aug 2015 02:02:39 GMT

your scores don't show up on mobile so can you post them please?

overall the disco will be better probably. 10% back vs 5% and you can use it anywhere and then redeem that cash back for money or amazon credit. with the amazon card you can only do amazon credit.
synchrony will give a higher limit (recon your first limit to get more) but it's literally useless for anything other than amazon.

btw they probably won't pull TU, that's what the pull for CLI's, not apps.

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Thu, 06 Aug 2015 02:03:52 GMT

as long as you apply for the discover card by 09/30/2015 then you'll automatically be enrolled in their promotion. ALSO, wait for that stuff to post. your inquiry posts immediately anyway so that is already there.

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Thu, 06 Aug 2015 12:05:34 GMT

I'm leaning heavily towards the Amazon Store card so far, simply because I shop there a *lot* and it seems like they distribute the rewards faster. I'm bummed they only offer a $10 giftcard for apping instead of the $40 they offered before. I do think I stand a better chance too since the credit pulls database says they usually pull Transunion, and I'd probably be able to recon for a higher limit immediately after approval. I do have a $500 purchase I need to make.

But, I did have the thought that maybe I should app for. QuickSilver instead. With my $500 purchase I'd meet their $500 spend to get $100 back. Tempting, but I really don't need another Cap1 card. Giftcard + 5% off would only net me $35 or so off. I'm so stingy.

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Thu, 06 Aug 2015 15:09:58 GMT

i got my initial limit of $900 and reconned it immediately to $3,500

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Thu, 06 Aug 2015 21:53:07 GMT

@Anonymous wrote:
i got my initial limit of $900 and reconned it immediately to $3,500

exxxxxactly!

I would say in this instance the store card is your better bet. discover will not give you a high limit at first. And amazon chat will give you great CLI's often. I started at 850 in april and by june I was at 6k....

plus discover doesnt always offer 10 percent back nor do they always offer 5 at amazon....

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Thu, 06 Aug 2015 21:59:02 GMT

@Anonymous wrote:
I'm leaning heavily towards the Amazon Store card so far, simply because I shop there a *lot* and it seems like they distribute the rewards faster. I'm bummed they only offer a $10 giftcard for apping instead of the $40 they offered before. I do think I stand a better chance too since the credit pulls database says they usually pull Transunion, and I'd probably be able to recon for a higher limit immediately after approval. I do have a $500 purchase I need to make.

But, I did have the thought that maybe I should app for. QuickSilver instead. With my $500 purchase I'd meet their $500 spend to get $100 back. Tempting, but I really don't need another Cap1 card. Giftcard + 5% off would only net me $35 or so off. I'm so stingy.

They are only offering you a $10 gift card? I usually have a $40 offer but all week this week I have had an $80 store card offer, I did buy a computer from Amazon on sunday on my discover so maybe that is why they are trying to entice with a higher amount.

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Thu, 06 Aug 2015 22:02:51 GMT

Ooooh... so they make different offers for different people? Is that the Chase Visa version or the Synchrony version?

Maybe I should open a new Amazon account and see what they offer, haha!

I do make a lot of purchases there already... I got three packages today alone!

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Thu, 06 Aug 2015 22:03:59 GMT

i got 40 with the PLCC. i have seen 35 but mostly 70 for the visa. visa is a joke unless u want to build with chase, or have amazon fresh food delivery

Re: Trying to Decide between Amazon Prime Store Card vs Discover It

Anonymous — Thu, 06 Aug 2015 22:46:45 GMT

I think you are 100% correct.

I signed in with a different Amazon account that I used around Christmas, and obviously made a lot of purchases - and that one has the $40 off offer! I'm betting if I'd spent even more I'd be seeing the $80 you're seeing.