topic Re: Just approved for Discover More. What to do now? in Credit Cards

Just approved for Discover More (11.5k CL). What to do now?

Anonymous — Thu, 09 Aug 2012 15:56:22 GMT

Hey guys was just approved Discover More. After recieving three pre-approval letters within a month, and a lack of better judgement I decided to apply.

I started my credit card journey just three months ago. I was approved for a $500 card through local CU, and a Zync with $500 limit w/ autopay in May. My actual credit score is much lower than that now, but I haven't run a report since I was denied for a BCE in May at the same time I applied for Zync. The experian score I recieved was about 689 I think?

My question now is what do I do. Do I call up Discover now, and see what CL I was approved for, and try to get more? Or wait?

Should I try to apply for more cards? Or wait?

The card I really want is the Freedom, but didn't apply because I felt I had a better chance with Discover and I wanted to wait for $300 offer. You may consider my decision poor becuase I have a Chase Checking account... Maybe apply for Freedom as well? Can I finagle the $300 offer?

Re: Just approved for Discover More. What to do now?

trumpet-205 — Thu, 09 Aug 2012 01:20:45 GMT

Check your application status at Discover website. It will tell you CL.

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 01:23:54 GMT

@trumpet-205 wrote:
Check your application status at Discover website. It will tell you CL.

$11,500.00 Credit Limit.

Is this some sort of sick joke??????????????

Re: Just approved for Discover More. What to do now?

ccb2115 — Thu, 09 Aug 2012 01:25:17 GMT

Wow! Congrats!!

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 01:48:33 GMT

@ccb2115 wrote:
Wow! Congrats!!

Thank you!!! I'm so happy right now.

I wonder if I should apply for another card? I won't be applying for a loan or mortgage in the next few months...

I'm 22, make $50k, pay $100/month (lol yes I still live at home and proud of it) in rent btw.

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 02:06:34 GMT

wow.. Thats awesome cli.. Congratulations...

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 15:57:20 GMT

@Anonymous wrote:
wow.. Thats awesome cli.. Congratulations...

Thanks!!!

Wonder if I can get this card changed to the Discover IT?

Kind of worried about calling up because I don't want them to lower my CL LOL...

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 16:29:27 GMT

Wow! Congrats! That is an awesome cl for discover...

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 16:33:03 GMT

Discover gods smiled on you. Enjoy and remember to pif.

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 17:13:28 GMT

@Anonymous wrote:
Discover gods smiled on you. Enjoy and remember to pif.

Always do

But isn't that limit crazy considering my highest limit was $500...

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 17:30:44 GMT

@Anonymous wrote:
@Anonymous wrote:
Discover gods smiled on you. Enjoy and remember to pif.
Always do

But isn't that limit crazy considering my highest limit was $500...

yes. You shouldn't app for any cards right now. If you are going to app, at least wait for discover to report for a few months so new card issuers can take note. That new limit just put you into big leagues.

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 17:40:59 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Discover gods smiled on you. Enjoy and remember to pif.
Always do

But isn't that limit crazy considering my highest limit was $500...
yes. You shouldn't app for any cards right now. If you are going to app, at least wait for discover to report for a few months so new card issuers can take note. That new limit just put you into big leagues.

Big leagues you say?

Well in that case, I'm applying for the Palladium in 3 months!!!! LOL JK going to have to get out of engineering and into IB if I ever want that to happen...

Probably apply for Freedom, and maybe BCE, in a few months. I don't know what I would even do with these cards though....

**EDIT** Should I try to PC the More to IT? Or hold my horses for a few months? Honestly I don't see what's different, other than the card looks cooler.

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 17:44:23 GMT

Sure pc to it right away. It's a little better. One thing though, you are showing high eq fico. Think your ex is similar? It should be or is there some kind of negative on ex?

Re: Just approved for Discover More. What to do now?

Anonymous — Thu, 09 Aug 2012 19:38:24 GMT

@Anonymous wrote:
Sure pc to it right away. It's a little better. One thing though, you are showing high eq fico. Think your ex is similar? It should be or is there some kind of negative on ex?

The EQ score in my sig is old, and my current EQ should be a little lower I think because of the new cards I got.

3 months ago when I was denied for BCE, my EX score according to them was something like 690. This was because a card that I was removed as AU (the card had 108%) from 3 months before that was still reporting on my EX. I never ran an actually EX fico since then, but I do know I have at least 7 hard inqs on it. There are no other negatives.

I don't know if I should PC right away. I don't want a real person to look at it, and try to lower my CL.

Re: Just approved for Discover More. What to do now?

Anonymous — Mon, 13 Aug 2012 22:11:32 GMT

Just got my approval letter from Discover in the mail. Even though I was approved, they included my EQ which is 761.

I also PC'd the More to IT, and it will take affect after this bill cycle!

Re: Just approved for Discover More. What to do now?

Anonymous — Mon, 13 Aug 2012 23:10:02 GMT

That's great , 11k CL is a major step up from 500

Re: Just approved for Discover More. What to do now?

Anonymous — Mon, 13 Aug 2012 23:16:02 GMT

@Anonymous wrote:
@Anonymous wrote:
Sure pc to it right away. It's a little better. One thing though, you are showing high eq fico. Think your ex is similar? It should be or is there some kind of negative on ex?
The EQ score in my sig is old, and my current EQ should be a little lower I think because of the new cards I got.

3 months ago when I was denied for BCE, my EX score according to them was something like 690. This was because a card that I was removed as AU (the card had 108%) from 3 months before that was still reporting on my EX. I never ran an actually EX fico since then, but I do know I have at least 7 hard inqs on it. There are no other negatives.

I don't know if I should PC right away. I don't want a real person to look at it, and try to lower my CL.

Haahaa. I remember when you were asking for advice on what to do about it. Well in any case, I would use that card for a 2-4 months and think about getting a couple of other cards who hopefully with give you CLs in that range.

Re: Just approved for Discover More. What to do now?

android01 — Tue, 14 Aug 2012 01:58:11 GMT

@Anonymous wrote:
@Anonymous wrote:
Sure pc to it right away. It's a little better. One thing though, you are showing high eq fico. Think your ex is similar? It should be or is there some kind of negative on ex?
The EQ score in my sig is old, and my current EQ should be a little lower I think because of the new cards I got.

3 months ago when I was denied for BCE, my EX score according to them was something like 690. This was because a card that I was removed as AU (the card had 108%) from 3 months before that was still reporting on my EX. I never ran an actually EX fico since then, but I do know I have at least 7 hard inqs on it. There are no other negatives.

I don't know if I should PC right away. I don't want a real person to look at it, and try to lower my CL.

Looking at your sig line, I was curious how you went from a score of 699 (4/11/12) to 780 (4/18/12) in the space of one WEEK. Congrats on the Discover by the way, They'll treat you well if you use them.

Re: Just approved for Discover More (11.5k CL). What to do now?

migliogiorni — Tue, 14 Aug 2012 04:38:12 GMT

congrats

Re: Just approved for Discover More (11.5k CL). What to do now?

CK_Charles_Lover — Tue, 14 Aug 2012 04:42:34 GMT

Congrats! Discover sends me 3 pre-approvals a week. Everybody's understanding is that they do low CL's. Now I'm thinking!!! No...... I better not.