topic Re: Approved!!!! Discover More in Credit Cards

Approved!!!! Discover More

Anonymous — Tue, 21 Jun 2011 04:05:31 GMT

Hi All...

Just wanted to let you all know of my success with Discover. I am a student and have read the posts on this site regarding being enrolled at a two-year university and therefore denied for the Discover Student. I chatted with a Discover rep who told me the same, however stated I could apply anyway and see what happens. I elected to apply for the regular Discover selecting "some college" as opposed to "currently enrolled at..." and was given the 30 day message. I immediately called the recon number listed under the backdoor thread and spoke to a very nice CS woman who after verifying employment and income was able to approve me for $1000. A big thank you to the forum community for all the great info and CS numbers.

Philymic

Re: Approved!!!! Discover More

DI — Tue, 21 Jun 2011 01:50:59 GMT

Congrats! Enjoy your new card.

Re: Approved!!!! Discover More

slarano — Tue, 21 Jun 2011 02:28:50 GMT

Congrats! I'm not sure but I believe the Student Discover More either has a cap on CL and/or cannot be PC'd into a regular More, so it's awesome that you were approved for the regular More card! I just got my Discover More card in the mail yesterday, so I'm a new member as well ($2500 CL).

Re: Approved!!!! Discover More

Anonymous — Tue, 21 Jun 2011 02:34:19 GMT

Very big congrats! I recently got the open road card and might pc to the more in a few months. (2500 CL)

Re: Approved!!!! Discover More

smc733 — Tue, 21 Jun 2011 02:43:11 GMT

@simonlarano wrote:
Congrats! I'm not sure but I believe the Student Discover More either has a cap on CL and/or cannot be PC'd into a regular More, so it's awesome that you were approved for the regular More card! I just got my Discover More card in the mail yesterday, so I'm a new member as well ($2500 CL).

From what I understand, the approval limits are lower for the student More, but once approved, it shows as just a More card in Discover's system, so beyond the initial approval, there is no difference. No one at Discover has ever referred to my account as a student account, it wasn't even on any of the material I received with the card.

Re: Approved!!!! Discover More

slarano — Tue, 21 Jun 2011 03:03:30 GMT

Ah, good to know. I stand corrected.

Re: Approved!!!! Discover More

Anonymous — Tue, 21 Jun 2011 03:12:27 GMT

Congrats! You are one lucky person. My first credit limit was for $500 with Discover. It took about a year to get it up to $1750 lol

Re: Approved!!!! Discover More

Anonymous — Tue, 21 Jun 2011 03:12:51 GMT

what were your scores?

Re: Approved!!!! Discover More

slarano — Tue, 21 Jun 2011 03:19:16 GMT

Discover pulled EQ for me in NJ, not sure what my EQ FICO is but should be floating just above 700, only had one previous inquiry prior to this one in the past year and it was also for Discover. Util % is at about 25%, about $9K in revolving debt, about $45K in student loans. Instantly approved last week for Discover More at $2500 CL.

Re: Approved!!!! Discover More

smc733 — Tue, 21 Jun 2011 03:49:28 GMT

@simonlarano wrote:
Discover pulled EQ for me in NJ, not sure what my EQ FICO is but should be floating just above 700, only had one previous inquiry prior to this one in the past year and it was also for Discover. Util % is at about 25%, about $9K in revolving debt, about $45K in student loans. Instantly approved last week for Discover More at $2500 CL.

Interesting, when I applied they pulled TU for me, in southern NJ.

Anyway, there are a number of student cards, though, that will never leave that student status, so your advice is pretty good on that front, I generally steer people away from student cards. (Most apps have a student notation on them, even for "primer" cards, they'll just issue a comparable limit, but the account can grow).

Re: Approved!!!! Discover More

slarano — Tue, 21 Jun 2011 03:51:49 GMT

I'm also in Southern NJ (well, really central NJ, but I digress). I wish I knew about more companies that pulled TU. It's always been my best CR, but I don't think I've had an inquiry through them for at least two years or so...

Re: Approved!!!! Discover More

smc733 — Tue, 21 Jun 2011 04:23:23 GMT

@simonlarano wrote:
I'm also in Southern NJ (well, really central NJ, but I digress). I wish I knew about more companies that pulled TU. It's always been my best CR, but I don't think I've had an inquiry through them for at least two years or so...

LOL! Everyone down here pulls TU for me (except BofA and Amex)...

Re: Approved!!!! Discover More

Anonymous — Tue, 21 Jun 2011 06:51:31 GMT

Student More is the same as a regular Discover More. Only diferences are the approval criteria and lower CL.

Re: Approved!!!! Discover More

Anonymous — Tue, 21 Jun 2011 13:05:09 GMT

Congrats! I'm really happy to hear that you were able to get around the 4 yr requirement. There are a lot of folks who go through two year programs, and personally I think that they should be given the same treatment by the CCCs. Good for you!

Re: Approved!!!! Discover More

smc733 — Tue, 21 Jun 2011 13:14:52 GMT

@Anonymous wrote:
Congrats! I'm really happy to hear that you were able to get around the 4 yr requirement. There are a lot of folks who go through two year programs, and personally I think that they should be given the same treatment by the CCCs. Good for you!

The idea that they'd deny someone for that reason seems downright criminal...

Re: Approved!!!! Discover More

Anonymous — Tue, 21 Jun 2011 14:54:07 GMT

maybe there are simply too many two year programs to cover? There could be tons of reasons that they don't grant it to people going to 2-year program.

Re: Approved!!!! Discover More

Anonymous — Tue, 21 Jun 2011 23:35:25 GMT

Thank You...I agree and am sure that there is a logical reason, however the sad part is that they do not explicitly tell you this when applying, you have to do some digging to figure it out.

Re: Approved!!!! Discover More

Anonymous — Wed, 22 Jun 2011 02:45:28 GMT

@Anonymous wrote:
maybe there are simply too many two year programs to cover? There could be tons of reasons that they don't grant it to people going to 2-year program.

What exactly would there be for them to cover? I'm just curious if I'm missing something here.

If I understand correctly, the point of offering student cards is to target a demographic of young people who show the promise of a career ahead of them, and thus future earning potential. Some programs have good earning potential, but do not require a four year track. Many nursing students, for example, only complete a two year program. OTOH, some four year majors, while personally enriching (and I am by no means against the idea of going to college for such enrichment), do not hold out as much potential for a good paying career. So, why discriminate between 2 and 4 year programs?

Re: Approved!!!! Discover More

smc733 — Wed, 22 Jun 2011 12:14:06 GMT

I think tinuviel is right...

There are too many variables for them to make such a blind decision.