topic Re: Approved for Discover in Credit Cards

Approved for Discover

Anonymous — Sat, 08 Sep 2012 21:20:03 GMT

Ok so I got this pre-approved offer in the mail so I went a head and applied for it and I was instantly approved with a $750.00 limit I guess i can say im lucky to even have a Discover card not sure what they pulled.

Re: Approved for Discover

LS2982 — Sat, 08 Sep 2012 21:21:39 GMT

CONGRATS!!!

Use it a lot and PIF at the 6 month mark call in for a CLI.

Re: Approved for Discover

Anonymous — Sat, 08 Sep 2012 22:03:07 GMT

Ok thank you =0)

Re: Approved for Discover

Shogun — Sat, 08 Sep 2012 22:03:36 GMT

+1 and Congrats!

Re: Approved for Discover

Anonymous — Sat, 08 Sep 2012 22:07:12 GMT

Thank you..

Re: Approved for Discover

nicholasyud — Sat, 08 Sep 2012 23:47:31 GMT

baddie ? score ? goodie ? utili ? ...

Re: Approved for Discover

Anonymous — Sun, 09 Sep 2012 13:09:43 GMT

No baddie, FICO-TU741, FICO-EQ692, EX.com 726, Goodies I PIF have 3 CC, I dont know what utili is?

Re: Approved for Discover

LS2982 — Sun, 09 Sep 2012 14:21:50 GMT

@Anonymous wrote:
No baddie, FICO-TU741, FICO-EQ692, EX.com 726, Goodies I PIF have 3 CC, I dont know what utili is?

Poster is referring to overall utilization.

Meaning all of your CC balances divided by all of your CC CL's and the number you get is your overall util %. You want to keep that below 10% when looking for new credit and below 30% when not.

Re: Approved for Discover

Anonymous — Sun, 09 Sep 2012 14:24:33 GMT

Congrats

Re: Approved for Discover

Anonymous — Sun, 09 Sep 2012 14:28:10 GMT

I still dont get it, can you show me a sample plz..thx

Re: Approved for Discover

Anonymous — Sun, 09 Sep 2012 14:28:52 GMT

Thank You =)

Re: Approved for Discover

nicholasyud — Sun, 09 Sep 2012 14:46:17 GMT

utili mean how much credit you used overall your total credit availaible . Example Capitaone 500 + discover 750 = 1250 limit. you need to used it less than 9% which is around 1----> 100 dollars.....

Re: Approved for Discover

Anonymous — Sun, 09 Sep 2012 14:58:32 GMT

Ok so between the two I have to spend only $100...so this means $50 on the $500 and $50 on the $750 am I right? If so I thk its stupid.

Re: Approved for Discover

nicholasyud — Sun, 09 Sep 2012 15:13:46 GMT

you can also spend however you want but make sure you paid it before the cycle closing date .....i guess thats how credit work man....its suck but the lender look at you as a good standing if you dont spend more than 9% of your available credit

Re: Approved for Discover

Anonymous — Sun, 09 Sep 2012 15:42:57 GMT

Yeah I always PIF, yeah my plan was that I was only going to use maybe $7 on my CC $301, and $30 on CC $500, and $100 on my Discover ...the aaoa is 7 months but I want to boost my credit limit & score but then I dont want to screw myself over, I wish I had more idea on how to make my score much better.. lol