topic Re: My First Preapproval Since BK - Discover!!! in Credit Cards

My First Preapproval Since BK - Discover!!!

visorboy1974 — Wed, 11 Jul 2012 21:32:20 GMT

Got my first preapproved card offer since my BK7 (2006) in the mail from Discover today. Now the question is...do I want to apply for it?

15 months 0% APR (17.99% after). No guarantee of a high CL.

I already have over $100K in lines...but I wonder how much I'd diversify my portfolio with a Discover. Ahhhhh...decisions decisions!

Re: My First Preapproval Since BK - Discover!!!

Anonymous — Wed, 11 Jul 2012 21:37:03 GMT

congrats..I know it's kind of exciting when you start getting pre-approvals in the mail..In my experience, Discover hasn't given me my highest CL but I do like the rewards and their online shopping site/tool is great and you can earn extra points..They also pretty regularly for me offer some pretty good BT offers..

Re: My First Preapproval Since BK - Discover!!!

j_casteel — Wed, 11 Jul 2012 21:50:51 GMT

Do you need that card? I've been starting to get more "pre-approvals" as well, but I just rip them up b/c they aren't part of my end goal in what i'm wanting to achieve. Some are "crap" cards but other are actually good cards with 0%, no AF, yada yada, but I don't want to just try to get them b/c its another card. If Discover fits in to what you're trying to achieve then I'd say give it a try if everything is in place.

Either way, congrats!

-John

Re: My First Preapproval Since BK - Discover!!!

Essence — Wed, 11 Jul 2012 23:10:10 GMT

I think it's a great card and company, but as others have said, don't apply just to apply!

Re: My First Preapproval Since BK - Discover!!!

kimmiller112 — Thu, 12 Jul 2012 00:23:23 GMT

I love my Discover card for the cash back, the bonus categories and for the Discover shopping. I also think their customer service is great. Take a look at their website and if you think that the rewards they offer would work for you, then go for it. If they won't work or if you just aren't interested, no need in getting another card to what you already have.

Re: My First Preapproval Since BK - Discover!!!

CreditChampion — Thu, 12 Jul 2012 01:08:52 GMT

What does your current portfolio look like? When was the bankruptcy discharged?

Re: My First Preapproval Since BK - Discover!!!

visorboy1974 — Thu, 12 Jul 2012 03:12:41 GMT

@CreditChampion wrote:
What does your current portfolio look like? When was the bankruptcy discharged?

Discharged in 5/06.

Current lines are:

24.2K Rewards Visa

20K Visa

20K LOC

17K Rewards Visa

10K MC

8K Visa Siggy

$3K Rewards Visa

$3K Store

$2.5K Store

As you can see, I have plenty in TLs...just don't know if I want to add a card with a lower starting limit, as Discover is known for.

Re: My First Preapproval Since BK - Discover!!!

Anonymous — Thu, 12 Jul 2012 03:21:58 GMT

visorboy1974, not wanting to be a bummer here, but a portfolio is something of value that you own, such as stocks or bonds or real estate.

No one has a portfolio of debt. It's just debt, or the opportunity for debt.

Your credit lines seem to be fine. No need to get another piece of plastic just for the sake of having it.

Pass on it, although I do like Discover. You just don't seem to need it.

Re: My First Preapproval Since BK - Discover!!!

visorboy1974 — Thu, 12 Jul 2012 03:40:00 GMT

@Anonymous wrote:
visorboy1974, not wanting to be a bummer here, but a portfolio is something of value that you own, such as stocks or bonds or real estate.

No one has a portfolio of debt. It's just debt, or the opportunity for debt.

Your credit lines seem to be fine. No need to get another piece of plastic just for the sake of having it.

Pass on it, although I do like Discover. You just don't seem to need it.

Now you're just getting technical here!

I like my portfolio of CARD DESIGNS!!!

Agreed with you on the 'pass' thought. As much as I'd like it, I realy don't have much use for it at the time.

Re: My First Preapproval Since BK - Discover!!!

Anonymous — Thu, 12 Jul 2012 03:52:54 GMT

You're doin' great, enjoy the designs.

(And, you're right...too technical...OCD kicked in again...sorry!)

We good?

Re: My First Preapproval Since BK - Discover!!!

visorboy1974 — Thu, 12 Jul 2012 07:46:55 GMT

@Anonymous wrote:
You're doin' great, enjoy the designs.

(And, you're right...too technical...OCD kicked in again...sorry!)

We good?

We're good!!! My OCD kicks in frequently as well!!!