topic Re: Third Party Discover Cards in Credit Cards

Third Party Discover Cards

Jd2683 — Thu, 21 Jul 2016 21:38:46 GMT

Hi there,

I'm wondering if anyone knows what different banks issue their own Discover cards (besides Discvover Finanical). I'm a 681 Fico with Experian and already have a Discover card with DFS, but would like a different one to add to my portfolio. Any suggestions as to whom I can try that I might get approved for at that score would be appreciated. Thanks!

Re: Third Party Discover Cards

sandman2435 — Thu, 21 Jul 2016 21:42:05 GMT

@Jd2683 wrote:
Hi there,
I'm wondering if anyone knows what different banks issue their own Discover cards (besides Discvover Finanical). I'm a 681 Fico with Experian and already have a Discover card with DFS, but would like a different one to add to my portfolio. Any suggestions as to whom I can try that I might get approved for at that score would be appreciated. Thanks!

2 banks come to mind: Comenty Which offers the True Value Discover Card and FNBO has a discover card as well

Re: Third Party Discover Cards

Anonymous — Thu, 21 Jul 2016 21:54:16 GMT

I didn't even know there were any 3rd party Discover cards. It honestly doesn't sound like it would be worth it though.

Re: Third Party Discover Cards

kdm31091 — Thu, 21 Jul 2016 22:15:26 GMT

Is there any specific reason you want to add another Discover? Try not to focus on network because in most cases it really doesn't matter. Focus on benefits.

Re: Third Party Discover Cards

Anonymous — Thu, 21 Jul 2016 23:10:31 GMT

True Value Discover is a fun card. It is issued by Comenity Capital Bank, not directly by Discover, and runs on the Discover network. It is accepted everywhere that Discover is accepted.

Just an interesting and different card to have. You do receive occasional special offers as a cardholder as well.

I closed mine, but really enjoyed the card while having it.

CM7 still has his card open and uses it regularly.

I would think it best to have approximately a 700-715 FICO score to have the best chance of success in obtaining the card.

Re: Third Party Discover Cards

Anonymous — Thu, 21 Jul 2016 23:39:18 GMT

@kdm31091 wrote:
Is there any specific reason you want to add another Discover? Try not to focus on network because in most cases it really doesn't matter. Focus on benefits.

I would add the caveat that it does matter in that AMEX and Discover networks are not as widely accepted as Visa and Mastercard networks.

In that context, one might want to avoid AMEX and Discover cards for that reason.

Re: Third Party Discover Cards

Anonymous — Fri, 22 Jul 2016 00:34:15 GMT

Search would have shown this recent thread:

http://ficoforums.myfico.com/t5/Credit-Cards/Discover-Cards-offerered-by-other-banks/m-p/4620666#M1337791

Re: Third Party Discover Cards

takeshi74 — Fri, 22 Jul 2016 14:59:32 GMT

@Jd2683 wrote:
I'm a 681 Fico with Experian and already have a Discover card with DFS, but would like a different one to add to my portfolio.

Why is payment network your only consideration?

@Jd2683 wrote:
Any suggestions as to whom I can try that I might get approved for at that score would be appreciated.

It's never just about score but you can refer to the Credit Pulls Database (Google to find) if desired. Don't just rely on what you perceive as easy to qualify for. Review your reports, identify issues and work on addressing them. Sort out your needs/wants and find products that suit those requirements. Apply for those when your credit is in shape.

@Jd2683 wrote:
I'm a 681 Fico with Experian

Which model? FICO doesn't have just one model. You also need to consider the relevance of the model/CRA combo to specific creditors/products. Whatever model that score is, not all creditors use it in their decision as creditors do not all use the same model and/or CRA. If you want to determine where you stand score-wise with a creditor then you need to know the specific model & CRA used in the decision for that product and then go pull that score. You cannot rely on just one score for every creditor and product out there.

@Anonymous wrote:
@kdm31091 wrote:
Is there any specific reason you want to add another Discover? Try not to focus on network because in most cases it really doesn't matter. Focus on benefits.
I would add the caveat that it does matter in that AMEX and Discover networks are not as widely accepted as Visa and Mastercard networks.

In that context, one might want to avoid AMEX and Discover cards for that reason.

Acceptance can certainly be a consideration but kdm's point is that there are typically much more signficant considerations than payment network. Given that the OP is starting off with payment network, the OP probably isn't carefully considering cards. Any payment network covers a very diverse selection of cards.