topic Re: Discover online prequal vs mailer prequal in Credit Cards

Discover online prequal vs mailer prequal

Anonymous — Fri, 10 Nov 2017 21:53:54 GMT

so.. little back story - BF is new to credit and has gone from no credit to 735 in 8 months.. it all started with snap-on(yes yes bad i know..).. but anyway.. now he has a cap1 which of course hes in the credit steps bucket and a $3000 paypal 2% mc

ive been doing disco prequals to see about BT’ing his snapon.. up until 2 weeks ago he got nothing but 2 days ago he got a secured card prequal(uh no thanks)... but today in the mail he got a regular unsecured offer from them for 0% for 14 months with the “small” apr range of 16.99- 19.99.. so thats a “try if u dare” range right? plus snapon is still at 2700.. trying to decide if he should do it or just keep doing prequals until he gets a single apr..

also he got a walmart cc prequal which promptly went in the circular file haha.. but these are his first 2 unsolicited prequals besides Devil One so yay!.. he is prequald for 3 Amex cards and 3 US Bank but he could care less about them haha

i personally think the only other card he should have is his own Care Credit since he has some health issues

Re: Discover online prequal vs mailer prequal

Anonymous — Fri, 10 Nov 2017 22:16:24 GMT

If he could make use of the Care Credit, then that's not bad, but I wouldn't want to see Synch get spooked and kill off the PP card too. What is his util on Cap1 and CL on SnapOn?

The Disco with the 3% range is a good bet depending on the above.

If Amex is a single APR I would go for that over the Disco. Either Amex or Disco will SP CLI down the road.

Re: Discover online prequal vs mailer prequal

Anonymous — Fri, 10 Nov 2017 22:42:06 GMT

right now we only use his cap1 for his amazon prime membership which he did monthly and every once in awhile gas or whatever.. he just went from 300 to 500

paypal is $3000- we almost fell on the floor haha... i mean would synch give him the blue envelope with 2 cards?!

snapon is at 2700

amex has been single apr for awhile.. idk that much about amex which is why i kinda shyed away from them

Re: Discover online prequal vs mailer prequal

Anonymous — Fri, 10 Nov 2017 22:26:17 GMT

ok i lied its 2 cards - amex everyday and blue cash everyday - no annual fee but.. no intro APR or welcome offer...and his apr would be 23.99 so thats no good for a BT i mean snapon is only 21% lol

Re: Discover online prequal vs mailer prequal

AverageJoesCredit — Fri, 10 Nov 2017 23:42:30 GMT

Sasha, as much as im pd at Disco, i think the 3% range is actually pretty good. If you get the Disco at that range, in a year you can request apr reductions from Discover . I personally thing it would be worth a hp to try for Discover unsecured. You might get suprised on first getting it approved and second maybe the limit. Then if you get it in 6 months maybe check the Amex prequals again. Just my average thoughts for today

Re: Discover online prequal vs mailer prequal

BurgeoningHope — Sat, 11 Nov 2017 00:06:20 GMT

Oh hey - I just addressed this situation in another thread! I recently got the same mail offer your BF did. When I checked on the Disco site I got a single attractive APR. I didn't go for it because I'm gardening, but I think your BF's chances are pretty good.

As a new cardholder he'd get double cash back. Granted, after a year, but way better than a lot that's out there for rebuilders. I'd look at it for sure.

Re: Discover online prequal vs mailer prequal

Anonymous — Sat, 11 Nov 2017 01:27:18 GMT

yes im only 6 months in on my disco so im getting double cash back!

im just so nervous to pull the trigger.. i dont want him to end up with $500.. it needs to be at least 3000 and id hate to have him get hit with a HP for nothing.. but then again with a 735 hes 100 points higher than i was when i got $7000 😂

Re: Discover online prequal vs mailer prequal

Anonymous — Sat, 11 Nov 2017 01:36:10 GMT

ok i just redid his online prequal and its still just the secured card 😨

Re: Discover online prequal vs mailer prequal

Anonymous — Sat, 11 Nov 2017 02:02:21 GMT

IMO, 3k SL for Discover is nice. I started with 1500. Amex offered 5k SL, Chase 6k. I hope to click up to 3k by sometime next year.

Re: Discover online prequal vs mailer prequal

Anonymous — Sat, 11 Nov 2017 02:12:45 GMT

@Anonymous wrote:
IMO, 3k SL for Discover is nice. I started with 1500. Amex offered 5k SL, Chase 6k. I hope to click up to 3k by sometime next year.

exactly and the point of the discover will be for a BT to get rid of his snapon

Re: Discover online prequal vs mailer prequal

Anonymous — Sat, 11 Nov 2017 15:19:34 GMT

ok after sleeping on it and talking it over with BF- i think we’re gonna hold off.. i dont want to take any chances with his credit and i feel like he got very lucky with his paypal card

i dont understand how he can only have a secured offer online but get a regular offer in the mail? 🤔.. anyway we’re waiting until he gets a single apr offer..

its a catch 22 though cause his creditscorecard says that his negatives are his credit age and the loan - which is “holding his score back” haha! which makes me laugh since its 735.. anyway just gonna keep on paying on the snapon and maybe by the time he gets that offer he wont even need it

Re: Discover online prequal vs mailer prequal

Anonymous — Sat, 11 Nov 2017 16:54:48 GMT

Was it an actual prequal? Cause we got this black envelope with some little attached copied note inside of it inviting us to apply, with an APR range and all of that.

Got that yesterday, and it does NOT look like a prequal. In fact the Discover prequal tool told us both that our only prequal offer are on secured cards atm.

When I put in the invite code, it was pretty clearly the standard application with just some info filled in.

Id be very wary of pulling the trigger on that envelope if its the same one I got. From what I am seeing, it isnt a prequalification at all, its just an advertising invite to apply that kind of looks like one (sort of like the old discover prequal tool)

Re: Discover online prequal vs mailer prequal

Anonymous — Sat, 11 Nov 2017 17:30:09 GMT

ty for that info!... its got an invitation code on it with the 3% apr range.. but i am definitely leary of it.. so we will wait

Re: Discover online prequal vs mailer prequal

Anonymous — Sat, 18 Nov 2017 12:39:59 GMT

ok its been 8 days so i redid bfs discover prequal. still just a secured card... so i still dont understand how he could have gotten a regular prequal in the mail but only secured online? either way we will still wait till its a definite

Re: Discover online prequal vs mailer prequal

Anonymous — Tue, 21 Nov 2017 15:24:59 GMT

ok here's a question for when he either gets a solid prequal or i get brave enough for a cold app LOL - is applying for discover through the amazon website the same as applying for it on the discover website? im only asking because he got an offer for a $75 statement credit but you have to apply for it through amazon..

and still just secured preapproval on the website.. which still doesn't make any sense to me lol

Re: Discover online prequal vs mailer prequal

Anonymous — Tue, 21 Nov 2017 17:21:52 GMT

Amazon has discover? Thought they were visa through chase

Re: Discover online prequal vs mailer prequal

MrDisco99 — Tue, 21 Nov 2017 17:50:28 GMT

I never got around to applying for Discover (and likely won’t anytime soon) but they easily send me more mailers than any other issuer.

What gets me is the offer alternates. One week I’ll get an offer for 23.99% APR and the next it’ll be 13.99%-16.99% APR. Maybe the reason I get so many mailers is somehow I ended up on both their prime and subprime mailing lists lol.

EDIT: Just for S&Gs I filled out the pre-approved form online. It came back with a pre-approval for the Discover It Secured Card with the Chrome style Rewards (2% gas and restaurants), 23.99% APR, and $200 minimum deposit. LOL

I guess I’ll just keep collecting the pretty multi-colored mailers (I’m missing “spruce” and “garnet”).

Re: Discover online prequal vs mailer prequal

Anonymous — Tue, 21 Nov 2017 17:37:42 GMT

@Anonymous wrote:
Amazon has discover? Thought they were visa through chase

no no.. if you apply for discover through this amazon offer and buy something from amazon within the first 90 days with your discover you get a $75 statement credit

Re: Discover online prequal vs mailer prequal

Anonymous — Tue, 21 Nov 2017 17:53:23 GMT

@MrDisco99 wrote:

EDIT: Just for S&Gs I filled out the pre-approved form online. It came back with a pre-approval for the Discover It Secured Card with the Chrome style Rewards (2% gas and restaurants), 23.99% APR, and $200 minimum deposit. LOL

I guess I’ll just keep collecting the pretty multi-colored mailers (I’m missing “spruce” and “garnet”).

hahaha! yes thats what BF gets.. even though he got the regular prequal in the mail.. so wierd

Re: Discover online prequal vs mailer prequal

Anonymous — Wed, 22 Nov 2017 14:39:56 GMT

usps mail preview shows another prequal offer for BF LOL.. can't wait to get home now! haha