topic Re: Discover Card....Why NOW! in Credit Cards

Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:12:37 GMT

I just received a pre-approved invitation for Discover. Any reason why I should apply for this card? Pro's and Con's PLEASE!

Re: Discover Card....Why NOW!

Creditaddict — Mon, 02 Feb 2009 03:18:05 GMT

I think everyone that has gotten it has loved it! great CSR

I like business Discover Card, recently paid it off and am starting to use it more.

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:23:30 GMT

Thought I read here that they did some strange billing?

Re: Discover Card....Why NOW!

Creditaddict — Mon, 02 Feb 2009 03:24:09 GMT

@Anonymous wrote:
Thought I read here that they did some strange billing?
what do you mean?

Re: Discover Card....Why NOW!

Red1Blue — Mon, 02 Feb 2009 03:24:49 GMT

Hi CreditAddict, what were you scores and baddies when you got approved for your Discover Biz Card?

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:28:01 GMT

Not sure...Do they have an odd way of billing cycles?

Re: Discover Card....Why NOW!

Creditaddict — Mon, 02 Feb 2009 03:28:08 GMT

@Red1Blue wrote:
Hi CreditAddict, what were you scores and baddies when you got approved for your Discover Biz Card?
it's in my moms name primary, she had a discover personal card with $7200 limit and they wouldn't approve for anymore CL, so we took 2200 from the personal card to open the business card.

Re: Discover Card....Why NOW!

Creditaddict — Mon, 02 Feb 2009 03:29:10 GMT

@Anonymous wrote:
Not sure...Do they have an odd way of billing cycles?
Nope. the online account is very nice also, probably a little different for business, but splits up all the charges between each card holder like amex does. none of my visa' do that.

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:33:50 GMT

Do these invites have a high degree of approval? What scores do they look for? What CRA do they pull for Calif.? And do they have a online offer page like BofA?

Re: Discover Card....Why NOW!

Red1Blue — Mon, 02 Feb 2009 03:44:54 GMT

@Anonymous wrote:
Do these invites have a high degree of approval? What scores do they look for? What CRA do they pull for Calif.? And do they have a online offer page like BofA?

Have you checked the site whogavemecredit. It can give you some clues.

Edited Link -Peas

Message Edited by WhirledPeasPlease on 02-01-2009 10:44 PM

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:44:28 GMT

Yea... I have not found that site very useful. Just thought there would be some folks here that have Discover Cards, and first hand experience.

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:44:36 GMT

Discover is sometimes slow to post HOWEVER - your due date is one day and the statement cuts the next day making it easy to control util.

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:47:23 GMT

yes lady, that would make it ery easy to manage util. Thanks for the input!

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:50:37 GMT

so_confused wrote:
Not sure...Do they have an odd way of billing cycles?

At one time some of their cards used two-cycle billing. I'm not sure if they still do, but I do know my Discover More card started out w/ it. I think it's based on your credit tiers w/ Discover.

I cold app'd online and rec'd a 1.1k limit. I had an old Discover card in the early 90s and I didn't treat it very well and they STILL took me. After 6 months and no auto cli, I called and agreed to a hard inq to bump the limit to 3.5k.

I love my Discover More card. I was getting ready to buy some furniture (roughly 2.5k) thru the Shop Discover site for the bonus 5%. I asked if I could have my APR reduced and they took it down to 3.9 for 6 months. In less than a year I earned about 300 in cash back.

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:53:27 GMT

I have nothing but kudos for Discover. My wife has one w/6900 CL @ 7.9 and I just got one w/1100 CL from a pre-approval letter. Did some small balance transfers @ 0% for 12 months and purchases @ 3.9 for 6 months.

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:55:11 GMT

Whirled, I was offered the More card is that the best card?

Do you think my scores will make the grade with them?

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:57:07 GMT

Reno, Do you think you should have got a larger line withh your scores?

Re: Discover Card....Why NOW!

Creditaddict — Mon, 02 Feb 2009 03:57:13 GMT

700's should do the trick.

More seems to be the easier one to get and higher limits.

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 03:59:58 GMT

so_confused wrote:
Whirled, I was offered the More card is that the best card?
Do you think my scores will make the grade with them?

The More card was the best fit for me! You might be attracted to a different card based on your needs. Their website is great at explaining the pros and cons of each card.

In this economy I can't even begin to fathom what works with creditors these days. I app'd back in Feb w/ scores in the mid 600s, a few lates/collections/CO from 2005 and earlier, along with about 50k for income.

Please let us know if you decide to go for it!

Re: Discover Card....Why NOW!

Anonymous — Mon, 02 Feb 2009 04:02:25 GMT

I actually was surprised I got it because I have a high debt to income ratio with my kids cars (cosigned) and a couple of cards with high util% (once again because of my lovely children in college LMAO then I start to cry LOL). All that said my score is around 695 +/-

I'm just going to use it for cash back and PIF on this one with my CU debt card and harvest another .5% cash back