topic Re: Discover Hates Me in Credit Cards

Discover Hates Me

Anonymous — Sun, 18 Apr 2010 02:31:56 GMT

I have applied for this card 7 or 8 times or the past 12 years an every time a flat denial lol. In in way i think do i really need them but i have always wanted this card. I know one thing they hate new accounts an inquires. I was told by one of there reps that they like to see 2 years of payment history on a new a account. I don't plan on applying for anything for a while now. I got in with Citi an Amax maybe 2 years from now i will give it another try but it will be my last time applying for that card. I can't evan get a Discover backed by GE.

Re: Discover Hates Me

mjp187 — Sun, 18 Apr 2010 02:50:40 GMT

mjb Just curious were any of your application for discover pre-approved invites or were you just

applying on your own?

Re: Discover Hates Me

Anonymous — Sun, 18 Apr 2010 02:54:34 GMT

Applying on my own.

Re: Discover Hates Me

Red1Blue — Sun, 18 Apr 2010 11:22:15 GMT

Have you applied for Discover Motia? That card seems to be easier to get among the Discover Card. Me and few others got approved for that card around Nov of last year. Next time give a try for that card and see what happens.

Re: Discover Hates Me

Jazzzy — Sun, 18 Apr 2010 12:50:39 GMT

Sorry you got another decline. What reason are they giving you?

Also...and I know this is easy to say coming from someone who has one...you may end up being very underwhelmed by Discover when you do finally get one. They don't really give their much-advertised 1% cash back until you charge >$3,000. They don't advertise that fact. Also, their much-advertised 5% cashback categories are capped with very low limits. Their recent 5% cashback on groceries was capped at $200 in grocery spending. Do the math...that means a maximum of $10 cashback.

We are now in the midst of their 5% cashback on clothing. My daughter bought clothes at Nike. Nope...it was categorized as "merchandise."

You will wear yourself out trying to get your cashback from them. We do the 5% up to their low maximum limits if we can, but that is the only use the card gets at our house. There are many better cashback cards available.

Re: Discover Hates Me

Anonymous — Sun, 18 Apr 2010 14:00:45 GMT

@Red1Blue wrote:
Have you applied for Discover Motia? That card seems to be easier to get among the Discover Card. Me and few others got approved for that card around Nov of last year. Next time give a try for that card and see what happens.

The last 2 times i applied this is the card i applied for cause i read it was the easiest to get approved for NOT lol.

Re: Discover Hates Me

Anonymous — Sun, 18 Apr 2010 14:02:27 GMT

@LynetteM wrote:
Sorry you got another decline. What reason are they giving you?

Recently always to many new accounts an inquiries.

Re: Discover Hates Me

tengtengvn — Sun, 18 Apr 2010 16:08:04 GMT

I helped someone app for Discover online and didn't get approved. But a few months later, that same person got a pre-approved letter from Discover. She applied again and got a 3k Discover More.

Re: Discover Hates Me

Jazzzy — Sun, 18 Apr 2010 18:45:20 GMT

@Anonymous wrote:
@LynetteM wrote:
Sorry you got another decline. What reason are they giving you?

Recently always to many new accounts an inquiries.

Just sit tight for awhile. Don't apply for anything for the next at least 6 months...preferably a year.

Slow and steady will win in the end. There is no greater wasted inquiry than the one that is declined because of too many inquiries. You are there.

Re: Discover Hates Me

Anonymous — Sun, 18 Apr 2010 18:48:50 GMT

@LynetteM wrote:
@Anonymous wrote:
@LynetteM wrote:
Sorry you got another decline. What reason are they giving you?

Recently always to many new accounts an inquiries.

Just sit tight for awhile. Don't apply for anything for the next at least 6 months...preferably a year.

Slow and steady will win in the end. There is no greater wasted inquiry than the one that is declined because of too many inquiries. You are there.

Thx im gonig to try to hold off for the next 2 years if i can.

Re: Discover Hates Me

Anonymous — Sun, 18 Apr 2010 20:18:56 GMT

Hey, if it helps any, I was denied quite a few times but wasn't considered 'worthy' until I bought a house--then instant approval.

Re: Discover Hates Me

DI — Sun, 18 Apr 2010 21:31:23 GMT

I'm not sure why Discover keeps declining you. Make sure you have clean reports free of inquiries and credit card balances before applying. Discover isn't a difficult card to get approved for if everything in your credit reports are up to par. Good luck!

Re: Discover Hates Me

blacklotus — Sun, 18 Apr 2010 23:31:52 GMT

I'm not trying to rain on your parade but on Friday I got a mail offer for a Discover card but it doesn't specify which card. It is for 0% APR for six mo. and 0% balance transfer until May 2011 + NO ANNUAL FEE. standard APR "between" 11.99%(V) and 18.99%(V). The top right of the form has an "invitation #".

I have a Chase Freedom with almost the exact same terms and 13.24%(V) after intro 0% rate.

I don't see any difference between these two cards except one is a M/C and one is Discover but if you ask me M/C is better because more merchants accept it. Also I don't think I should accept this offer because my Chase card is exactly the same- it seems that you could persuade me into it though. I think Discover is trying to compete with Chase.

I wish I could give you this invite because I am probably not going to app for this when I already have the Chase Freedom 5% Rewards card!

Does anyone have any thoughts on this- like would it be worth it to have two Rewards card that are exactly alike?

Re: Discover Hates Me

haulingthescoreup — Mon, 19 Apr 2010 02:54:55 GMT

@blacklotus wrote:

...Does anyone have any thoughts on this- like would it be worth it to have two Rewards card that are exactly alike?

The thing to keep in mind with rewards cards is that they loooooove attention, as in being used frequently. You generally get better rewards the more often you use a given card.

So that being said, your best bet is to strategize your apps so that each of your rewards cards covers a different spending area, and you don't have a whole lot of them. You might want to figure out your top three or four, maybe five expense categories per month, plus an additional expense area that falls on a more yearly basis (airlines, hotels), and figure which cards will provide the most benefits.

One comparison for rewards cards is dogs or cats --they all want their loving, and if you have too many, none of them feel as if they're getting enough attention.You'll find this out when they wander off, or possibly hork all over your new couch.

If two cards seriously overlap one another in rewards, I don't see a whole lot of point in having both.

Re: Discover Hates Me

BungalowMo — Mon, 19 Apr 2010 16:06:50 GMT

While I have never apped for Discover, I do feel your pain, as BoA treats me the same. I've only apped 2x, but got 2 declines. Now I feel like THEY are not worthy of ME!

There are so many cards out there, if your reports look pretty good, you can be the choosy one instead of them.

jmo...Mo

Re: Discover Hates Me

blacklotus — Mon, 19 Apr 2010 23:25:22 GMT

I'm sitting here looking at my mail invitation from Discover. I am not applying for this because I think M/C or Visa is more widely accepted.

The card is cuter than my Chase Freedom but it is seeming worse and worse.

Re: Discover Hates Me

Anonymous — Tue, 20 Apr 2010 01:36:52 GMT

@blacklotus wrote:
I'm sitting here looking at my mail invitation from Discover. I am not applying for this because I think M/C or Visa is more widely accepted.

The card is cuter than my Chase Freedom but it is seeming worse and worse.

It depends on where you are.

In some overseas locations Discover has much more coverage than Visa / MasterCard / AmEx.

Re: Discover Hates Me

Anonymous — Tue, 20 Apr 2010 08:06:30 GMT

@Anonymous wrote:

Thx im gonig to try to hold off for the next 2 years if i can.

Well mjbfan, that is smart decision I think ... and make sure stick with it!! Don't say " if i can" ... make it through!

I appd to most of my ccs (5 out of 8) because of pre-approved offer came in the mail. I appd to those ccs before promo APR expires to take BT offers. So it ended-up I appd every 12-15mo between 2006 and 2009. My Discover More is one of them and I got it a year a go.

This is just my advise, wait for the pre-approved offer from Discover if you still really want it 2 yrs later for more chance to get approve. According to your post, 2yrs later your inqs will be gone from your CR and you will have at least 2yrs of history that Discover wants to see.

Good Luck mjbfan !!