topic Re: Discover It in Credit Cards

Discover It

bichonmom — Mon, 18 Jan 2016 05:39:05 GMT

I'm wondering if when you app, it's better to request a BT (it asks you on the app if you want to BT, which accounts and balances you want to pay.)

Or is it better to app w/o requesting a BT? What increases your chances of approval?

IIRC, they will pull any of the 3 CRAs. Is that right? It's been a while, so I don't know what they're doing now. All my CRs are frozen, so I'd like to know what to unfreeze before apping.

How prickly are they about util?

Also, when you use the pre-qual website, do they soft you? Curious because all my repts are frozen, but they came up with an offer on the pre-qual site. Usually those don't give me anything, I've always assumed because my CRs are frozen.

Thanks!

Re: Discover It

mitchblue — Mon, 18 Jan 2016 06:01:17 GMT

Can't answer most of that but they SP on a prequal..

Re: Discover It

Anonymous — Mon, 18 Jan 2016 06:17:11 GMT

Last I checked, Discover pre-quals were meaningless. Humpty Dumpty, SSN 123-45-6789 was pre-qualified for Discover It.

Re: Discover It

Anonymous — Mon, 18 Jan 2016 07:24:44 GMT

I checked the other day and it gave me a three point APR range in the pre-qual section, listing 14.24-17.24% APR based on creditworthiness. Which is different than what it has showed for me before. And it also shows the red discover card for me now instead of the Silver one. I don't what bearing if any that has on anything, but interesting nonetheless.

Re: Discover It

Anonymous — Mon, 18 Jan 2016 07:30:47 GMT

Haha! So I typed in some random information, and this range plus the Silver discover card shows up, I wonder if my range is targeted? I'm kinda hoping I get a mailer like someone in the approvals section said they had a three point APR range before they got approved, but they had the mailer. I kinda don't in a way because I was denied back in June, plus I'm trying to garden, which is really hard sometimes!

Re: Discover It

Anonymous — Mon, 18 Jan 2016 07:56:51 GMT

Got denied in May with generic prequal and wide APR spread (with silver Discover)

6 months later, got mailer and checked prequal. Had three point APR spread and garnet card. IME, the red card and 3 point spread is solid.

Re: Discover It

Anonymous — Mon, 18 Jan 2016 08:04:07 GMT

Hmmm. Guess I need to wait for a mailer then huh? Lol. Gardening is so hard. But this card and Chase Freedom are like the only other two cards I could want. After that, I'd be done completely. Unless something better came around down the road haha.

Re: Discover It

Anonymous — Mon, 18 Jan 2016 08:05:29 GMT

Jdt, what were your terms when you were approved if you don't mind me asking?

Re: Discover It

bichonmom — Mon, 18 Jan 2016 11:12:41 GMT

Well not sure what to think. The range on the mailer is 10.99 to 14.99, so that's 4% diff. It is for the red/burgundy Discover It card, but the online app showed a choice of colors, so I don't see that making a diff. The envelope is burgundy, though.

Obviously if Humpty Dumpty gets a pre-approval online, then it means nothing.

Do they always use one CRA, or does it vary?

Re: Discover It

Anonymous — Mon, 18 Jan 2016 11:55:04 GMT

I applied on Friday. Had the garnet and 3 point spread as well, 12.99-15.99. Got both a mailer and the website showed the same thing. I applied and was approved. I was denied in December with no prequal and nothing has changed except another account reporting and I think 2 more inquiries.

Re: Discover It

elim — Mon, 18 Jan 2016 12:53:41 GMT

hrmmm, I've been getting tons of disco mailers with these terms and prequal shows this.

Discover it® Card

Your Offer

No Annual Fee*
0% Intro Purchase APR* for 12 months and then 12.24%– 15.24% Standard Variable Purchase APR based on your credit worthiness.

Re: Discover It

Anonymous — Mon, 18 Jan 2016 13:43:19 GMT

@elim wrote:
hrmmm, I've been getting tons of disco mailers with these terms and prequal shows this.

Discover it® Card

Your Offer
No Annual Fee*
0% Intro Purchase APR* for 12 months and then 12.24%– 15.24% Standard Variable Purchase APR based on your credit worthiness.

Thats what I had...seemed solid after digging around here.

Re: Discover It

JSS3 — Mon, 18 Jan 2016 14:08:08 GMT

@bichonmom wrote:
I'm wondering if when you app, it's better to request a BT (it asks you on the app if you want to BT, which accounts and balances you want to pay.)

Or is it better to app w/o requesting a BT? What increases your chances of approval?

IIRC, they will pull any of the 3 CRAs. Is that right? It's been a while, so I don't know what they're doing now. All my CRs are frozen, so I'd like to know what to unfreeze before apping.

How prickly are they about util?

Also, when you use the pre-qual website, do they soft you? Curious because all my repts are frozen, but they came up with an offer on the pre-qual site. Usually those don't give me anything, I've always assumed because my CRs are frozen.

Thanks!

I don't know whether adding the BT during the application improves your odds of getting approved, but I do know it doesn't help you get a higher limit(to cover the BT) upon a (computer generated) approval. Sometimes a recon(manually reviewed by a person) will. My guess is they want that BT fee so won't look unfavorably on it. In that, I don't see a downside to adding it.

Discover is mainly a EQ puller.

Discover likes thin, clean files. If you have that, and a slightly higher utility, I don't see a major problem in getting approved.

According to popular consensus, Discover's pre-quals are very inaccurate so I don't know if they're actually pulling your reports. If they are, it's definitely soft.

I also think, when you apply to compaines and get denied, they still soft your reports and send you mailers later on. That could be how they're sending you invites while your accounts are frozen...not to mention compaines share with each other.

Re: Discover It

Anonymous — Mon, 18 Jan 2016 16:48:18 GMT

@Thexian, My spread was 12.99-15.99 and I was approved with $6.500 at 15.99 (now 16.24)

Re: Discover It

Anonymous — Mon, 18 Jan 2016 16:49:47 GMT

(I also had been softed by Discover on EQ prior to the mailer and online prequal)

Re: Discover It

boober — Mon, 18 Jan 2016 17:44:24 GMT

I've also tried putting in meaningless fake data and it said I was approved a few times over the last few weeks or so.

I just tried it right now and it said...

Here's The Card We Found For YouThe Discover it® card is changing the game.
Double cash back at the end of your first year. See Terms

Your Offer

No Annual Fee*
0% Intro Purchase APR* for 12 months and then 11.24% – 23.24% Standard Variable Purchase APR based on your credit worthiness.
0% Intro Balance Transfer APR* for 12 months from date of first transfer, for transfers under this offer that post to your account by April 10, 2016 and then 11.24% – 23.24% Standard Variable Purchase APR* based on your credit worthiness.

I'm going to be applying in about 5 days or so, once some paid off debt gets reported, so hopefully I'll get approved.

Re: Discover It

Anonymous — Mon, 18 Jan 2016 19:48:49 GMT

@bichonmom wrote:
Well not sure what to think. The range on the mailer is 10.99 to 14.99, so that's 4% diff. It is for the red/burgundy Discover It card, but the online app showed a choice of colors, so I don't see that making a diff. The envelope is burgundy, though.

Obviously if Humpty Dumpty gets a pre-approval online, then it means nothing.

Do they always use one CRA, or does it vary?

That's the good one.

Re: Discover It

Anonymous — Mon, 18 Jan 2016 22:29:15 GMT

The Burgundy envelope or Burgundy prequal? Or both? Also, can I change the color to the Silver and still get approved? Lol I wouldn't think the color would matter for approval in this instance, but you never know sometimes

Re: Discover It

Imperfectfuture — Mon, 18 Jan 2016 22:48:54 GMT

@Anonymous wrote:
The Burgundy envelope or Burgundy prequal? Or both? Also, can I change the color to the Silver and still get approved? Lol I wouldn't think the color would matter for approval in this instance, but you never know sometimes

Color does not matter. You have definite pre qual. It's easy to get discover to lower your apr. Especially useful if not carrying during the 0% promo period. You are good to go (PS, they give a range, but plan on the higher apr).

Re: Discover It

Anonymous — Mon, 18 Jan 2016 22:52:20 GMT

Oh lord I need to garden! But I'm a firm believer on the old addage: Srike while the iron is hot!