topic New Disco card and BT question in Credit Cards

New Disco card and BT question

MrsCHX — Fri, 21 Apr 2017 16:23:22 GMT

I was approved for Discover IT for $6k and want to put about $4k in BT on it. I have an offer for 14 months but would have it paid off in 9-10 months.

How is Disco? Would this be okay with them? I don't want to spook them because this is a card I really wanted to get!

Now, I have read that if you do BT you shouldn't use the card for new purchases. Accurate??

Re: New Disco card and BT question

AverageJoesCredit — Fri, 21 Apr 2017 16:27:23 GMT

Sounds good to me. Not sure how cli is with carrying a bt but seeing as Discos being really stingy recently, not sure that matters much. Great limit by the way

Re: New Disco card and BT question

MrsCHX — Fri, 21 Apr 2017 16:30:13 GMT

@AverageJoesCredit wrote:
Sounds good to me. Not sure how cli is with carrying a bt but seeing as Discos being really stingy recently, not sure that matters much. Great limit by the way

Yeah I've read about not really getting CLIs while paying off a BT but then I've read that first CLI is usually around 6 months?? So it would be okay if I had to push it out a bit...plus $6k isn't a bad limit to start with!

Re: New Disco card and BT question

Anonymous — Fri, 21 Apr 2017 16:31:52 GMT

Congratulations MrsCHX that is one awesome Discover approval! 😊

Re: New Disco card and BT question

Creditplz — Fri, 21 Apr 2017 16:33:36 GMT

Shouldn't be an issue, that's what BT offers are for! 😮

Re: New Disco card and BT question

MrsCHX — Fri, 21 Apr 2017 16:54:41 GMT

@Creditplz wrote:
Shouldn't be an issue, that's what BT offers are for! 😮

Well...let's not forget that some lenders go crazy at some things! lol!

Re: New Disco card and BT question

RockinRay — Fri, 21 Apr 2017 17:02:53 GMT

@MrsCHX wrote:
@Creditplz wrote:
Shouldn't be an issue, that's what BT offers are for! 😮
Well...let's not forget that some lenders go crazy at some things! lol!

With Discover, I think you will be fine. I would not use the card nor would I try for a CLI while paying down that balance though.

Once they see some good payment history with you - and - this will prove your history, I would try as soon as the balance is paid off.

Re: New Disco card and BT question

CreditInspired — Sat, 22 Apr 2017 01:36:01 GMT

Since the DiscoIT has 0% BT & 0% purchases for 14 months, I think you can use both at the same time. It's only when the CC has "0% BT only" that you should not mix BT and purchases.

Re: New Disco card and BT question

HeavenOhio — Sat, 22 Apr 2017 12:20:50 GMT

@CreditInspired wrote:
Since the DiscoIT has 0% BT & 0% purchases for 14 months, I think you can use both at the same time. It's only when the CC has "0% BT only" that you should not mix BT and purchases.

Yeah, you're fine because the APR is 0% for both BTs and new purchases. But because your utilization will be high, make sure that your balance decreases from month to month if you're making new purchases.

The problem arises when 0% applies only to BTs. That causes interest to be charged on new purchases because the monthly balance isn't being paid in full.

Re: New Disco card and BT question

MrsCHX — Sat, 22 Apr 2017 12:52:40 GMT

AH-HA! I didn't realize that's why people were saying that. Got it.

Yeah, I'd be paying around $500/mo and then any new purchases.

Re: New Disco card and BT question

K-in-Boston — Sat, 22 Apr 2017 15:08:55 GMT

No problems at all with mixing 0% APR purchases and BTs with Discover. Wife's card received numerous CLIs even when carrying like 80% util on BTs at times. One was a $7k CLI. You should have no problem at all.