topic Re: Discover Motiva Card in Credit Cards

Discover Motiva Card

stpn2me — Mon, 31 Dec 2007 02:55:46 GMT

Hey guys,

Looked in my mailbox today and got a "preapproved" offer for the Discover Motiva Card. Pays interest back twice a year and has 3.9 Fixed until 2010. Anyone know about this card? It says I have until Feb 15th to accept the card...

Stpn2me

TU-694 EQ - 675 EX - 693

Message Edited by stpn2me on 12-30-2007 06:55 PM

Message Edited by stpn2me on 12-30-2007 06:55 PM

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 02:58:48 GMT

stpn2me wrote:
Hey guys,

Looked in my mailbox today and got a "preapproved" offer for the Discover Motiva Card. Pays interest back twice a year and has 3.9 Fixed until 2010. Anyone know about this card? It says I have until Feb 15th to accept the card...

Stpn2me

TU-694 EQ - 675 EX - 693

Message Edited by stpn2me on 12-30-2007 06:55 PM

Message Edited by stpn2me on 12-30-2007 06:55 PM

Don't know about it, but I am very happy w/ my Miles card. The best rewards card I have, as I don't have to pump tons of money thru it.

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 02:59:46 GMT

It has a 3.9 BT offer to go with it I think. Good card if you have some higher interest balances that you would like to transfer or if you normally carry a balance. I have this one myself but the purchase rate is high for. Won't be using it for purchases anyhoo. At least until I can get them to agree to lower that rate.

Message Edited by Brammy on 12-30-2007 09:59 PM

Re: Discover Motiva Card

notmyname — Mon, 31 Dec 2007 03:07:12 GMT

Discover provides great utility cards due to their generous CLs.

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 03:12:37 GMT

the main to earn rewards is you pay 5 months of interest to get the 6th month's interest as a cash reward, not a good deal, it does qaulify for shopdiscover.

Re: Discover Motiva Card

fused — Mon, 31 Dec 2007 03:24:58 GMT

I have the Motiva card and I would consider it for BTs. To the OP, are your reports clean, especially EX and TU?

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 03:56:45 GMT

OK nowI don't feel so special. They have the same categories listed for this card as Cap1 does. Excellent, Average, Needs Improvement and I don't know. Actually the now have this for all Discover cards.

Re: Discover Motiva Card

haulingthescoreup — Mon, 31 Dec 2007 03:58:41 GMT

I saw those categories. To my amazement, come this March, I will be Excellent!

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 04:01:32 GMT

haulingthescoreup wrote:
I saw those categories. To my amazement, come this March, I will be Excellent!

HTSU, you are already excellent!

Seriously, though, I wasn't aware it was even possible to get a Discover card if you fall into the "Needs Improvement" category.

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 04:07:18 GMT

haulingthescoreup wrote:
I saw those categories. To my amazement, come this March, I will be Excellent!

LOL!!! Guess I msut be excellent or close since I got their longest BT rate.

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 04:14:33 GMT

cheddar wrote:

haulingthescoreup wrote:
I saw those categories. To my amazement, come this March, I will be Excellent!

HTSU, you are already excellent!

Seriously, though, I wasn't aware it was even possible to get a Discover card if you fall into the "Needs Improvement" category.

I thought the same thing Cheddar. Now you see why I don't feel so special anymore.

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 04:23:29 GMT

Where exactly do you have to look on the Discover site to see the credit ratings like on Capital One? I would LOVE to add a Discover card to the mix.

Re: Discover Motiva Card

fused — Mon, 31 Dec 2007 04:25:33 GMT

It appears Discover has loosened up a little on their underwriting. In the past, there was no way someone with scores below 700 would be approved. Those with scores in the high 600's and fairly clean reports can get a non-branded Discover approval now.

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 04:47:53 GMT

I would really love to see where they have cards listed for Needs Improvement. My application will be processed almost instantly.

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 04:58:21 GMT

FretlessMayhem wrote:
Where exactly do you have to look on the Discover site to see the credit ratings like on Capital One? I would LOVE to add a Discover card to the mix.

When you click on the card and choose see rates you go to a page like this

http://www.discovercard.com/open-road/rates.html

It is the same for all cards.

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 04:58:58 GMT

fused wrote:

It appears Discover has loosened up a little on their underwriting. In the past, there was no way someone with scores below 700 would be approved. Those with scores in the high 600's and fairly clean reports can get a non-branded Discover approval now.

LOL!! I must have jsut made the old cutoff cause when they pulled me I was at 709...

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 05:05:44 GMT

Their definitions of the categories are kind funny, too.

Excellent credit = "You pay all your bills on time and never miss payments."

Average credit = "You pay most of your bills on time, and have made one or two late payments (more than 30 days past due) in the last year."

Needs Improvement = "You pay your bills, but have made three or more late payments (more than 30 days past due) within the past two years."

So....if my most recent late payment is 4 years old, does that mean I'm excellent?

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 05:14:53 GMT

Also interesting: Just comparing the T&C for the More Card among different credit levels.

For "Excellent" and "Average" the card uses two-cycle billing, but for "Needs Improvement" it uses average daily balance.

Huh? If anything, doesn't this seem backwards?

Re: Discover Motiva Card

Anonymous — Mon, 31 Dec 2007 05:34:40 GMT

HaHaHa! According to them I'm excellent too. My last late was in Feb 2005. Makes you wonder why I didn't get the WAMU back in August 2007. Oh yeah, because I'm definitely NOT excellent -- YET!

Peas

Wanted: Home Depot Mastercard!

Re: Discover Motiva Card

haulingthescoreup — Mon, 31 Dec 2007 05:41:05 GMT

@Anonymous wrote:
@haulingthescoreup wrote:
I saw those categories. To my amazement, come this March, I will be Excellent!
HTSU, you are already excellent!

Aw, shucks, * blush * but I'm kind of thinking that it's one of those Lake Woebegone ratings...

Fun, though. I guess in March I'll find out if it's for real, or if they're just flirting!