topic Re: Discover Question in Credit Cards

Discover Question

junior88 — Thu, 09 Jun 2011 18:06:20 GMT

So I applied and was approved for the open road card last week. I do not have a lot of credit so after that I did do a mini app spree of say 4. Will discover CLD me because of this? I haven't even received the card yet.

Re: Discover Question

RockinRay — Thu, 09 Jun 2011 22:50:05 GMT

IMO I would app right away - maybe 2 cards but not more...

Discover is going to soft you for a while and I have learned on this forum they are touchy about a bunch of new cards being opened. Barclay is the same way.

If you decide to do this, move quickly. Others on this forum may differ with me on this, so you may want to wait and see who else replies to your post!

Ray

Re: Discover Question

Anonymous — Fri, 10 Jun 2011 06:28:29 GMT

@junior88 wrote:
So I applied and was approved for the open road card last week. I do not have a lot of credit so after that I did do a mini app spree of say 4. Will discover CLD me because of this? I haven't even received the card yet.

Hi junior, congratulation on your new Discover Open Road! What is the CL?

Fact:

You got approved for Discover Open Road
You did mini app spree for 4 ccs
You are worry about the Discover may CLD on your Open Road cc that you haven't received yet.

Question: Did you get approval on any of those mini apps ccs?

Re: Discover Question

Anonymous — Fri, 10 Jun 2011 06:46:10 GMT

Probably not

Re: Discover Question

MAstudent07 — Fri, 10 Jun 2011 12:44:50 GMT

I opened two credit cards and an auto loan after my Discover approval. There was no consequences from Discover for doing so.

Re: Discover Question

junior88 — Fri, 10 Jun 2011 13:06:51 GMT

@bunnyrabbit - The only other account I was approved for was the $400 Shell Gas card. Will they soft me right away or will they wait a bit? What is their CLI policy? I assume 6 months like most others? Thanks!

Re: Discover Question

Anonymous — Sat, 11 Jun 2011 06:31:37 GMT

@junior88 wrote:
@Anonymous - The only other account I was approved for was the $400 Shell Gas card. Will they soft me right away or will they wait a bit? What is their CLI policy? I assume 6 months like most others? Thanks!

IMO, then you shouldn't worry about it.

Now, about CLI ... I believe it is case by case. In my case, it began with 2k CL 01/08' and they gave me ACLI of $500 once. Nothing else.

My CL was 2.5K since then until I request one. They ask "why?" ... I said "Since I am going to charge over $500/mo, I am concerning about util."

Then rep told me she can request maximum 2x of current CL at most, and I said that's fine.

She processed request and told me it have to be HP because it did not approve with SP.

So, I gave her permission to process my CLI request.

The result ~ got 5k CLI ... so my new CL is 7.5k since 03/2011.

Many of Discover card holders does not receive ACLI as some of them. Therefore, I am not able to give you a specific answer. Sorry ~

Re: Discover Question

junior88 — Sat, 11 Jun 2011 12:51:14 GMT

Sounds good. I'm not that worried about a CLI, I have a Wells Fargo card with a $7000 CL. I was thinking of just using Discover for gas since it was the open road card. I did use it to buy a Ipad yesterday through their shop discover site because of the cashback. I was just hoping they wouldn't lower my $1500 CL since I was searching for new credit after they approved me. Thanks again!

Re: Discover Question

Anonymous — Sun, 12 Jun 2011 01:45:01 GMT

I got my CLI from Discover after 3 months of using it as my prime card. It went from $1500 to $1800, so it didn't go up a lot but I was happy because I wasn't expecting it.