topic Re: Trying to Discover in Credit Cards

UPDATE- Trying to Discover

SoCalifornia — Wed, 24 Apr 2019 00:10:34 GMT

I recently decided to finally go gardening. However, my experience with CapitalOne and bucketing has also been coming to a head. To my understanding QS1 is considered a starter but generally QuickSilver is not. Either way, I've seen little to zero growth at all with these guys. There's also the recent drawback with the account combination debacle- their customer service is lacking. Really, I just want to absorb the QS1 into its better half, eliminating the AF right along with it.

I'd like to get my foot in the door with Discover. I know they hand out better SL's and are more inclined to grow your account with CLI's. Not to mention, I'd say they're a bit more reputable than Cap1. Plus the intro to match cash back during the first year is on point and I've heard their customer service is legit. Also, the free FICO scores is a nice perk.

If I'm going to garden for the next two years, I have my doubts with CapitalOne growing at all and essentially wasting my time. Would you guys recommend staying the course here. Or, would it be beneficial to take Discover into the garden with me, assuming I would even get approved. AND what scores do I even need to get on board with them? Maybe mine aren't even high enough at this point? I'm under the impression they generally pull from EX and occasionally EQ secondary.

What are your thoughts?

Re: Trying to Discover

simplegirl — Sun, 21 Apr 2019 12:50:16 GMT

My scores were lower and i had a discover card until it was charged off and i already want it back so i say go for it. Check the pre approval page and that will tell you for sure but can’t remember who they pulled.

Re: Trying to Discover

SoCalifornia — Sun, 21 Apr 2019 12:55:26 GMT

@unknowncarrier

I checked the pre-qual and it only suggested the secured IT card, but I have no need or desire for a secured card. That being said, I know the pre-qual is just a pre-screening and doesn't mean you won't be approved otherwise. What were your scores when you app'd, what SL did you come out with and which card?
Thanks

Re: Trying to Discover

simplegirl — Sun, 21 Apr 2019 13:01:54 GMT

@SoCalifornia wrote:
@unknowncarrier

I checked the pre-qual and it only suggested the secured IT card, but I have no need or desire for a secured card. That being said, I know the pre-qual is just a pre-screening and doesn't mean you won't be approved otherwise. What were your scores when you app'd, what SL did you come out with and which card?
Thanks

My score was a 644 and they pulled my TransUnion report and I applied for the student chrome it card got a 500$ SL. I also had a capital one card quicksilver and they gave me a $300 limit so discover still gave me more even though it was a student card.

Re: Trying to Discover

Anonymous — Sun, 21 Apr 2019 13:04:20 GMT

You can try for the regular card but if you don't get approved then the secured card is still a great option.
You only need to put a minimum of $200 down and it can unsecure in as little as 7 months with many people getting an increase to their limit of $2000 or more.
The best thing is that it functions likes Discover giving you cashback and you also get the cashback bonus match at the end of the year.
It's honestly a good way to get your foot in the door with Discover.

Re: Trying to Discover

Remedios — Sun, 21 Apr 2019 13:18:02 GMT

@SoCalifornia wrote:
@unknowncarrier

I checked the pre-qual and it only suggested the secured IT card, but I have no need or desire for a secured card. That being said, I know the pre-qual is just a pre-screening and doesn't mean you won't be approved otherwise. What were your scores when you app'd, what SL did you come out with and which card?
Thanks

If your prequal resulted in secured card only, I'd wait to apply till non secured cards show up.

Your scores are okay as far as Disco goes, so there must be something else that's causing lack of CC offers.

Are any of your cards relatively new? Any recent derogs?

Re: Trying to Discover

joltdude — Sun, 21 Apr 2019 13:29:02 GMT

Discovers prequals have become pretty solid in this day and age.... Also.. you could sign up for Discovers Credit Scorecard to put you on their radar, get a free FICO score possibly an additional CRA or pull, (CS is SP of course) and they will likely target you when they are interested in giving you an unsecured card.......

Id periodically also try the prequal again in a little bit as well.....

-J

Re: Trying to Discover

SoCalifornia — Sun, 21 Apr 2019 13:55:33 GMT

@Remedios
As far as derogs go, I have a collection and two lates that are two years old. Inquiries are low- my CFU is 3 months old.

I do currently have a dispute with each agency on the collection. I will get the results of that within a few weeks.

Re: Trying to Discover

joltdude — Sun, 21 Apr 2019 14:01:41 GMT

Not trying to trample on @Remedios but those open disputes (Some banks will not give you a card with open disputes) and if you do have thinnish credit, that recent open of the CFU could be a factor too... Moreso the open disputes but there have been some reports of folks with opening a card too soon after another one even with discover but they usually have fewer cards than you do... ending up with a denial.... (which might be why your getting the secured offers).... just sit and wait a little bit... thinking 3 months max... but keep checking periodically or wait for discover to offer you an unsecured card via Credit Scorecard

Re: Trying to Discover

SoCalifornia — Sun, 21 Apr 2019 14:02:41 GMT

@joltdude
Thanks, I definitely want to get on their radar. In fact, I must have already caught their attention, because I've been getting the mail offers which put me in question mode.

Re: Trying to Discover

Remedios — Sun, 21 Apr 2019 14:04:54 GMT

@SoCalifornia wrote:
@Remedios
As far as derogs go, I have a collection and two lates that are two years old. Inquiries are low- my CFU is 3 months old.

I do currently have a dispute with each agency on the collection. I will get the results of that within a few weeks.

I'd wait till the dispute is resolved. If they are only offering you secured card at this time, I am afraid that's all you'll get from them atm.

I am surprised at secured card offer, as your profile seems to fit their target demo group.

Re: Trying to Discover

joltdude — Sun, 21 Apr 2019 14:05:46 GMT

I'd still wait at least for the disputes to close... the advantage of CS is they will have your Ex score via SP.. Used to occasionally see people only get one or no pulls for a Disco card esp if they have subscribed to credit scorecard... Since they have 2 CRAs covered with SP... but usually its either 2 or 1 HP these days...

Re: Trying to Discover

Remedios — Sun, 21 Apr 2019 14:05:59 GMT

@joltdude wrote:

Not trying to trample on @Remedios but those open disputes (Some banks will not give you a card with open disputes) and if you do have thinnish credit, that recent open of the CFU could be a factor too... Moreso the open disputes but there have been some reports of folks with opening a card too soon after another one even with discover but they usually have fewer cards than you do... ending up with a denial.... (which might be why your getting the secured offers).... just sit and wait a little bit... thinking 3 months max... but keep checking periodically or wait for discover to offer you an unsecured card via Credit Scorecard

Hahah I just typed and posted that same thing, only less verbose because too early

Re: Trying to Discover

joltdude — Sun, 21 Apr 2019 14:09:53 GMT

@Remedios wrote:
@SoCalifornia wrote:
@Remedios
As far as derogs go, I have a collection and two lates that are two years old. Inquiries are low- my CFU is 3 months old.

I do currently have a dispute with each agency on the collection. I will get the results of that within a few weeks.

I'd wait till the dispute is resolved. If they are only offering you secured card at this time, I am afraid that's all you'll get from them atm.

I am surprised at secured card offer, as your profile seems to fit their target demo group.

Really do think its the open disputes and possibly the time from the last app... Im pretty sure if op did go the secured route it would unsecure in 7 mo.. or just wait until the prequals turn to a unsecured.. and my guess. would be about 3mo.. or sooner when the disputes close..

Re: Trying to Discover

pinkandgrey — Sun, 21 Apr 2019 14:19:08 GMT

I always recommend a Disco card. Check the prequals first, as they’re usually quite solid, but an It card would be a great companion in the garden lol

Re: Trying to Discover

Remedios — Sun, 21 Apr 2019 14:26:02 GMT

@pinkandgrey wrote:
I always recommend a Disco card. Check the prequals first, as they’re usually quite solid, but an It card would be a great companion in the garden lol

They checked. First post.

Re: Trying to Discover

SoCalifornia — Sun, 21 Apr 2019 15:23:03 GMT

Maybe I did jump the gun with asking while I am currently in dispute. I'm just trying to guage the Disco possibility. I would rather garden with seeds that will flourish, versus the dud that is Cap1. Nothing works with those guys. Once the account combination resurfaces, I will just have the one QS for the sock drawer.

Re: Trying to Discover

Anonymous — Sun, 21 Apr 2019 18:27:53 GMT

Capital One does grow if you use it and pay it a lot but it’s a tedious growth process. It took me from 2014 to 2018 to grow mine from $300 (I used to believe it was $500 until I actually looked at my credit report and saw the limit history on TU) to $8250 and it was my only card until 2016 when I added the PlayStation which was also a Cap card and it stayed my primary until I got preapproved for Disco in March 2018. That was my when my final $2K CLI on the QS was given and I’ll probably never see another.

Disco, on the other hand, started me at $7500 last year and has grown to $11,200 now. I would definitely just stay in the garden and check every month for an offer. As soon as the IT drops a solid offer, jump on it.

Nobody ever said that you can’t go in and out of the garden to achieve goals, that’s what the garden is for.

Re: Trying to Discover

pinkandgrey — Sun, 21 Apr 2019 18:47:38 GMT

@Remedios wrote:
@pinkandgrey wrote:
I always recommend a Disco card. Check the prequals first, as they’re usually quite solid, but an It card would be a great companion in the garden lol
They checked. First post.

Dang it. I miss everything.

Re: Trying to Discover

SoCalifornia — Mon, 22 Apr 2019 18:35:16 GMT

@Saeren
Always certainly appreciate your input. Metaphysical high five on tackling Cap1 and coming out on top. My oldest, however, is going on 4 years old and has never seen an increase. It literally has the same old tired $300 limit. And the second one, which is 2 years old, carries $500. Compared to my Chase duo, my QuickSilvers are stuck in the quantum realm. It pains me to use them at this point, since that's valuable cash back with my Chase Ultimate Rewards.

From the sounds of it, once on board, Discover would be able to fill the voided growth. Which is why I want to combine the QuickSilvers so badly.