topic Re: Why does Discover sent out different colored envelopes for the IT card? in Credit Cards

Why does Discover sent out different colored envelopes for the IT card?

Anonymous — Wed, 16 Mar 2016 19:02:49 GMT

Maybe this is a stupid question, but is there any difference?

So far I've received 3 purple envelopes, a red, and now a maroon all for the IT "double cash back your first year".

Re: Why does Discover sent out different colored envelopes for the IT card?

Anonymous — Wed, 16 Mar 2016 19:07:56 GMT

Discover has lit the fireplace and is asking you out for a date.

My opinion.

Wait it for others thoughts.

Re: Why does Discover sent out different colored envelopes for the IT card?

Luscher — Wed, 16 Mar 2016 19:57:45 GMT

They send different colors because it is boring receiving the same color every 3 days!

Re: Why does Discover sent out different colored envelopes for the IT card?

Anonymous — Wed, 16 Mar 2016 20:43:10 GMT

I've only received one. Purple. It was probably a few weeks after they denied me. LOL

Re: Why does Discover sent out different colored envelopes for the IT card?

austinguy907 — Wed, 16 Mar 2016 21:35:17 GMT

I got a few purple ones and then applied for it and got it. Then they kept sending another 5-10 of them after the approval and lowering the APR in the offer.

Re: Why does Discover sent out different colored envelopes for the IT card?

SunriseEarth — Wed, 16 Mar 2016 23:08:19 GMT

@Anonymous wrote:
Maybe this is a stupid question, but is there any difference?

So far I've received 3 purple envelopes, a red, and now a maroon all for the IT "double cash back your first year".

Because you noticed it. Because it inspired you to talk about it.

Re: Why does Discover sent out different colored envelopes for the IT card?

MyLoFICO — Wed, 16 Mar 2016 23:51:49 GMT

You were under strict orders not to discuss this with anyone else, and no cops. Now you must pay the price. Good day, Sir!

Re: Why does Discover sent out different colored envelopes for the IT card?

Anonymous — Thu, 17 Mar 2016 00:19:14 GMT

It's to support gay rights. That's what I heard.

Re: Why does Discover sent out different colored envelopes for the IT card?

Officer737 — Thu, 17 Mar 2016 00:35:29 GMT

@MyLoFICO wrote:
You were under strict orders not to discuss this with anyone else, and no cops. Now you must pay the price. Good day, Sir!

And now the cops know too!

LOL

Re: Why does Discover sent out different colored envelopes for the IT card?

MyLoFICO — Thu, 17 Mar 2016 00:38:18 GMT

@Officer737 wrote:
@MyLoFICO wrote:
You were under strict orders not to discuss this with anyone else, and no cops. Now you must pay the price. Good day, Sir!
And now the cops know too!

LOL

2319! We have a 2319!

Re: Why does Discover sent out different colored envelopes for the IT card?

Officer737 — Thu, 17 Mar 2016 00:55:40 GMT

@MyLoFICO wrote:
@Officer737 wrote:
@MyLoFICO wrote:
You were under strict orders not to discuss this with anyone else, and no cops. Now you must pay the price. Good day, Sir!
And now the cops know too!

LOL
2319! We have a 2319!

LMAO!! I must be tired because I am cracking up over here.

Re: Why does Discover sent out different colored envelopes for the IT card?

degs138 — Thu, 17 Mar 2016 00:58:24 GMT

They are waging a psychological war on your brain. Discover hopes they will eventually send a color that illicits a feeling of utility you once had when spending money. Maybe your parents withheld affection, maybe your father wasn't part of your life. Either way they will eventually win. Wait for the green one!

Re: Why does Discover sent out different colored envelopes for the IT card?

MyLoFICO — Thu, 17 Mar 2016 01:08:24 GMT

@Officer737 wrote:
@MyLoFICO wrote:
@Officer737 wrote:
@MyLoFICO wrote:
You were under strict orders not to discuss this with anyone else, and no cops. Now you must pay the price. Good day, Sir!
And now the cops know too!

LOL
2319! We have a 2319!
LMAO!! I must be tired because I am cracking up over here.

I confess, I was wondering if anyone would understand the reference. lol

Re: Why does Discover sent out different colored envelopes for the IT card?

elim — Thu, 17 Mar 2016 01:17:09 GMT

The plum colored ones usually have a 3% APR spread and are thought by a few of us to be a higher chance of approval (vs the blueish/silver ones with large spread).

Re: Why does Discover sent out different colored envelopes for the IT card?

MyLoFICO — Thu, 17 Mar 2016 01:20:37 GMT

The silver blue with the wide spread APR is nothing special, probably a denial. The other colors seems to have a 3 point spread in the APR as stated above and have a decent chance of approval. The ones I get are all denials, regardless of color.

Re: Why does Discover sent out different colored envelopes for the IT card?

elim — Thu, 17 Mar 2016 01:25:30 GMT

@MyLoFICO wrote:
The silver blue with the wide spread APR is nothing special, probably a denial. The other colors seems to have a 3 point spread in the APR as stated above and have a decent chance of approval. The ones I get are all denials, regardless of color.

lmao, me too

Re: Why does Discover sent out different colored envelopes for the IT card?

Officer737 — Thu, 17 Mar 2016 01:47:42 GMT

@MyLoFICO wrote:
@Officer737 wrote:
@MyLoFICO wrote:
@Officer737 wrote:
@MyLoFICO wrote:
You were under strict orders not to discuss this with anyone else, and no cops. Now you must pay the price. Good day, Sir!
And now the cops know too!

LOL
2319! We have a 2319!
LMAO!! I must be tired because I am cracking up over here.
I confess, I was wondering if anyone would understand the reference. lol

I'm kinda abstract that way LOL

Re: Why does Discover sent out different colored envelopes for the IT card?

Anonymous — Thu, 17 Mar 2016 01:47:57 GMT

@degs138 wrote:
They are waging a psychological war on your brain. Discover hopes they will eventually send a color that illicits a feeling of utility you once had when spending money. Maybe your parents withheld affection, maybe your father wasn't part of your life. Either way they will eventually win. Wait for the green one!

All true, unfortunately.

As far as the interest rate spread, they've all been the same 3%, between 13.49 and 16.49 if I remember correctly.

Re: Why does Discover sent out different colored envelopes for the IT card?

elim — Thu, 17 Mar 2016 02:04:45 GMT

this color card in offer...

is always this spread for me...

"After the intro APR expires, your APR will be 11.24% to23.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate."

this color card in offer is the tight spread and may or may not mean a darn thing, lol...

Re: Why does Discover sent out different colored envelopes for the IT card?

elim — Thu, 17 Mar 2016 02:20:18 GMT

I just looked and my last plum mailer (last month) was... "10.24 to 13.24".

I only applied for Discover when my credit sucked (no mailers then) so I have no idea if the offer is good.

edit: typo