topic Re: Discover question in Credit Cards

Discover question

Anonymous — Thu, 29 Sep 2016 22:58:34 GMT

Hey Folks

Can someone tell me if this is a firm offer from Discover? I got an email from them based on the data on my Discover credit scorecard. I have not been able to get in with Discover yet and although these aren't the best terms...I know they can improve in time.

Annual Percentage Rate (APR) for Purchases 0% intro APR for 6 months from date of account opening.
After the intro APR expires, your APR will be 23.24%. This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers 0% intro APR for 6 months from date of first transfer, for transfers under this offer that post to your account by December 10, 2016.
After the intro APR expires, your APR will be 23.24%. This APR will vary with the market based on the Prime Rate.

Thanks

Brian

Re: Discover question

Anonymous — Thu, 29 Sep 2016 23:11:37 GMT

It looks like it to me.

Re: Discover question

darwin_wins — Thu, 29 Sep 2016 23:28:16 GMT

Yup looks solid, but you may end up getting a low SL just something you should know before you apply. Of course limits will increase as your scores go up and you show Discover that you are using their card regularly.

Re: Discover question

Anonymous — Fri, 30 Sep 2016 01:05:29 GMT

I got the email today. I wasn't going to apply for any more credit cards, but I was interested in a free TU fico from somewhere, and it seems like a solid card to have, so I went ahead and gave it a go.. Received a $6,000 credit line, which is almost double my next highest. Not sure of the APR yet.

I'm officially done now. How do I get that spade?

Re: Discover question

Anonymous — Fri, 30 Sep 2016 16:19:34 GMT

Congrats Sheridan. Any idea who they pulled and what your score was at the time? Thx.

Re: Discover question

Anonymous — Fri, 30 Sep 2016 17:24:36 GMT

@Anonymous wrote:
Congrats Sheridan. Any idea who they pulled and what your score was at the time? Thx.

I believe they pull TU? It's been a while though and I may be wrong...

Re: Discover question

NRB525 — Fri, 30 Sep 2016 18:34:23 GMT

@Anonymous wrote:
I got the email today. I wasn't going to apply for any more credit cards, but I was interested in a free TU fico from somewhere, and it seems like a solid card to have, so I went ahead and gave it a go.. Received a $6,000 credit line, which is almost double my next highest. Not sure of the APR yet.

I'm officially done now. How do I get that spade?

Congratulations! Nice starting limit.

The APR is annoying, mine is still at 19 or something, but they are good with promotional purchase APR for a year at 0% again. Mine is on a 0% purchase APR in 2016, makes it convenient for BT management.

Re: Discover question

Anonymous — Fri, 30 Sep 2016 21:18:09 GMT

Not sure who they pulled, and haven't gotten any alerts from CK or Credit.com. The EX FICO they showed on their scorecard site was 740, but if they used EQ, as the database shows is likely, it's a lot lower, more like 690. Surprised by the limit-was expecting 2-3K. Hopefully, they don't change their mind.

Re: Discover question

Anonymous — Fri, 30 Sep 2016 21:22:06 GMT

Discover pulls EQ 99% of the time.

Re: Discover question

Anonymous — Fri, 30 Sep 2016 22:14:36 GMT

Finally got logged onto CK-it was having a hard time updating today. EQ it is.

Re: Discover question

FireMedic1 — Fri, 30 Sep 2016 22:41:27 GMT

Got mine last month. EX & EQ in Fl. Still watching to see if the OP pulls the trigger. I'm still stunned I was approved 13 months out of BK. Congrats Sheridan!

Re: Discover question

Anonymous — Sat, 01 Oct 2016 03:19:41 GMT

I bit the bullet and hit the button. I was approved with a SL of $1400. Lower than I would like and didn't get the 12 month 0% promo. However, I am happy to finally be

approved as Discover was the last bank I wanted to get in with. I will use it for 90 days and see what kind of CLI I can get. Thanks to all that chimed in.

Re: Discover question

austinguy907 — Sat, 01 Oct 2016 04:07:17 GMT

$1400 is a foot in the door. Just treat them well with attention every month and it will grow with time. Sometimes they will make you question your sanity while trying to figure them out but, it's worth the insanity in the long run. They're more difficult to get in with but, they payoff with persistence is nice. They gave me an opener of $4500 with a 744 EX score while AMEX gave me $11K out of the gate. Of course knowing the tricks with AMEX it grew exponentially in short order while Discover trotted along for a year catching up to AMEX doing a 3X CLI in 3 months. If they want to be a tortoise and AMEX is the hare then so be it.

Re: Discover question

FireMedic1 — Sat, 01 Oct 2016 08:26:25 GMT

@Anonymous wrote:
I bit the bullet and hit the button. I was approved with a SL of $1400. Lower than I would like and didn't get the 12 month 0% promo. However, I am happy to finally be
approved as Discover was the last bank I wanted to get in with. I will use it for 90 days and see what kind of CLI I can get. Thanks to all that chimed in.

Congrats! Gotta start somewhere with these guys. Man they are hard to figure out. We'll see when the 90 comes up.

Re: Discover question

joltdude — Sat, 01 Oct 2016 15:22:42 GMT

You know Discover entertains APR reductions as long as your not in the promo period.... From what I gather, its every 6 months....

Should give it a try ....

-J