topic Re: Discover Pre-Approval Question? in Credit Cards

Discover Pre-Approval Question?

Creditaddict — Thu, 03 Feb 2011 19:27:59 GMT

I did the pre-approval and it came back "recommended offer".

Is that like Capital One where I wasn't pre-qualified BUT these might match what your looking for or is that Discovers wording for this is pre-approved?

Re: Discover Pre-Approval Question?

smc733 — Thu, 03 Feb 2011 19:32:44 GMT

@Creditaddict wrote:
I did the pre-approval and it came back "recommended offer".
Is that like Capital One where I wasn't pre-qualified BUT these might match what your looking for or is that Discovers wording for this is pre-approved?

That's correct, if you click on "See more offers" you'll get

"Unfortunately we were unable to pre-approve your for a card, but you may like these offers" or something like that

I wasn't pre-approved, but still got a More card with a $1,500 limit so you never know. They ARE very INQ sensitive, so I'm not sure how that will work out for you (no offense)!

Re: Discover Pre-Approval Question?

Creditaddict — Thu, 03 Feb 2011 19:35:25 GMT

@smc733 wrote:

@Creditaddict wrote:
I did the pre-approval and it came back "recommended offer".
Is that like Capital One where I wasn't pre-qualified BUT these might match what your looking for or is that Discovers wording for this is pre-approved?

That's correct, if you click on "See more offers" you'll get

"Unfortunately we were unable to pre-approve your for a card, but you may like these offers" or something like that

I wasn't pre-approved, but still got a More card with a $1,500 limit so you never know. They ARE very INQ sensitive, so I'm not sure how that will work out for you (no offense)!

Good Point! who do they pull?

Re: Discover Pre-Approval Question?

smc733 — Thu, 03 Feb 2011 19:40:02 GMT

They've ALWAYS pulled TransUnion for me in New Jersey (I applied twice before and got declined). I also hear they soft either EQ or EX, but I backdoored into both and haven't seen a soft.

Re: Discover Pre-Approval Question?

JayRizzo — Thu, 03 Feb 2011 19:54:19 GMT

Hey, hey, hey, C.A.!!! Aren't you supposed to be in an App Timeout with the rest of us? Hand over the ENTER key and slowly step away from the computer.

Re: Discover Pre-Approval Question?

Creditaddict — Thu, 03 Feb 2011 20:29:04 GMT

@JayRizzo wrote:
Hey, hey, hey, C.A.!!! Aren't you supposed to be in an App Timeout with the rest of us? Hand over the ENTER key and slowly step away from the computer.

LOL, yes... I'm not applying for anything outside of Navy until at least June when my Ch 7 goes bye bye!

Re: Discover Pre-Approval Question?

smc733 — Thu, 03 Feb 2011 20:54:18 GMT

@Creditaddict wrote:

@JayRizzo wrote:
Hey, hey, hey, C.A.!!! Aren't you supposed to be in an App Timeout with the rest of us? Hand over the ENTER key and slowly step away from the computer.
LOL, yes... I'm not applying for anything outside of Navy until at least June when my Ch 7 goes bye bye!

Good choice. I think when that drops off and you let your inquires age, Discover should be good for you (though as always, they start with low limits)

Re: Discover Pre-Approval Question?

Anonymous — Fri, 04 Feb 2011 20:09:52 GMT

@smc733 wrote:

@Creditaddict wrote:
I did the pre-approval and it came back "recommended offer".
Is that like Capital One where I wasn't pre-qualified BUT these might match what your looking for or is that Discovers wording for this is pre-approved?

That's correct, if you click on "See more offers" you'll get

"Unfortunately we were unable to pre-approve your for a card, but you may like these offers" or something like that

I wasn't pre-approved, but still got a More card with a $1,500 limit so you never know. They ARE very INQ sensitive, so I'm not sure how that will work out for you (no offense)!

Do they only review the inqs within the last six months or full one year?

I've been getting soft "PRM" inqs from them for two months now...wonder what that means

Re: Discover Pre-Approval Question?

smc733 — Fri, 04 Feb 2011 22:18:53 GMT

@Anonymous wrote:

Do they only review the inqs within the last six months or full one year?

I've been getting soft "PRM" inqs from them for two months now...wonder what that means

The softs are a good sign. They claim to consider Inqs in the last 12, but here's the thing.

Twice when I got denied, my inqs in the last 12 were much lower than they were when I got approved. But when I got approved, I had fewer inqs in the last 6, so ymmv.

Re: Discover Pre-Approval Question?

ibmrad7 — Fri, 04 Feb 2011 22:53:31 GMT

They pulled EQ here in the Midwest. Took 10 days to verify my Address. Had to fax Bank statements and Phone bills. 5500 initial CL. 0% Bal Transfer for 18 months and 0% purchase APR for 12 months.

Re: Discover Pre-Approval Question?

vish1 — Sun, 06 Feb 2011 04:31:04 GMT

@smc733 wrote:

@Creditaddict wrote:
I did the pre-approval and it came back "recommended offer".
Is that like Capital One where I wasn't pre-qualified BUT these might match what your looking for or is that Discovers wording for this is pre-approved?

That's correct, if you click on "See more offers" you'll get

"Unfortunately we were unable to pre-approve your for a card, but you may like these offers" or something like that

I wasn't pre-approved, but still got a More card with a $1,500 limit so you never know. They ARE very INQ sensitive, so I'm not sure how that will work out for you (no offense)!

I am not applying at this point, just curious.

I tried the pre approval thing and it gave me the same recommended offer. Then as you said, I clicked on "See more offers" and I got

"You are pre-approved1 for these offers. What does this mean"

Clicking on what does this mean reads:

"You Are Pre-Approved for These Offers

Based on the information you provided, you are pre-approved for any of the card offers you build below."

Does this mean I am pre approved? Are discover pre approvals nearly done deal like amex?

Re: Discover Pre-Approval Question?

Anonymous — Sun, 06 Feb 2011 21:39:17 GMT

@vish1 wrote:

@smc733 wrote:

@Creditaddict wrote:
I did the pre-approval and it came back "recommended offer".
Is that like Capital One where I wasn't pre-qualified BUT these might match what your looking for or is that Discovers wording for this is pre-approved?

That's correct, if you click on "See more offers" you'll get

"Unfortunately we were unable to pre-approve your for a card, but you may like these offers" or something like that

I wasn't pre-approved, but still got a More card with a $1,500 limit so you never know. They ARE very INQ sensitive, so I'm not sure how that will work out for you (no offense)!

I am not applying at this point, just curious.

I tried the pre approval thing and it gave me the same recommended offer. Then as you said, I clicked on "See more offers" and I got
"You are pre-approved1 for these offers. What does this mean"

Clicking on what does this mean reads:
"You Are Pre-Approved for These Offers
Based on the information you provided, you are pre-approved for any of the card offers you build below."

Does this mean I am pre approved? Are discover pre approvals nearly done deal like amex?

I wanna know this too! I have only 1.4yr credit history and I seem to be pre-approved for all of their cards; something smells fishy..

Re: Discover Pre-Approval Question?

vish1 — Mon, 07 Feb 2011 04:06:38 GMT

I did not see millions of different cards, just 100s of avatars of more and escape spanning across abt 10 pages

Re: Discover Pre-Approval Question?

mross1080 — Mon, 07 Feb 2011 04:43:02 GMT

I fell for the pre approval a couple months ago and got offered the hsbc discover.

Re: Discover Pre-Approval Question?

JaseT — Mon, 07 Feb 2011 05:14:04 GMT

I checked out the preapproval page and nothing was found. It recommended the Discover More card and I appd and was approved. I had to call in and verify some info though. The CL was only $2.5k, but I'll take it for now. Hope it grows.

So, just like the AMEX site for me, nothing was preapproved but the recommended cards were appd and approved.

Re: Discover Pre-Approval Question?

vish1 — Mon, 07 Feb 2011 05:18:20 GMT

Did you click on the "see all offers" button?

Re: Discover Pre-Approval Question?

JaseT — Mon, 07 Feb 2011 05:37:21 GMT

@vish1 wrote:
Did you click on the "see all offers" button?

Yes, I did and there was still nothing preapproved.

Re: Discover Pre-Approval Question?

vish1 — Mon, 07 Feb 2011 06:18:32 GMT

So it indicates I am pre approved. Anyway, I was primarily curious, don't intend to apply anything for now. Just got 3 cards in January.

Re: Discover Pre-Approval Question?

Anonymous — Tue, 08 Feb 2011 12:42:11 GMT

If you get the pre-approved pages of cards, be sure to page through all of the different options as some on the later pages show a wide variety of intro APR's as well as a special column with offers like $150 cashback after spending $799 in 3 months.

Re: Discover Pre-Approval Question?

vish1 — Tue, 08 Feb 2011 19:10:38 GMT

@Anonymous wrote:
If you get the pre-approved pages of cards, be sure to page through all of the different options as some on the later pages show a wide variety of intro APR's as well as a special column with offers like $150 cashback after spending $799 in 3 months.

I actually played around with the sorting a bit to see wat all they hv to offer and sure enough I found the 150$ cash back card. I am not applying though. I am tempted to apply but am a bit scared coz I opened 3 new cards in january. Amex zync, US Bank flexperks select rewards, chase freedom.

I got pre approved offers for chase BA visa signature with 50k miles on 2500 spend in 3 months and also the discover more.