topic Re: Discover - Possible approval, then DENIED in Credit Cards

Discover - Possible approval, then DENIED

sybo40 — Mon, 01 Apr 2013 13:43:29 GMT

In THIS instance, I think I should NOT have called the credit analyst to check the approval/denial status. I applied online and got to the setup account screen. Managed to set everything up and then got anxious. I called in to check the status and was put on hold. Rep came back and said system is having some difficulty with pulling your account. Give it a second and call back. Called back in an hour and she put me on hold for 5-7 mins. then came back and said sorry, declined. I think that I may have been approved had I not been so anxious to call and just let the system do whatever it was going to do. Anyone else have this experience? Current scores (which I need to change in my siggy) are: EX: 640; TU: 630; EQ:??? (LOWER than the other two, I'm sure).

Re: Discover - Possible approval, then DENIED

youngandcreditwrthy — Mon, 01 Apr 2013 13:46:34 GMT

With those scores, I would not be that you were approved anyway... Not to be offensive. I haven't personally seen anyone with an approval with that range of score. I know I got denied many times with FICOs in that range

Re: Discover - Possible approval, then DENIED

lithium78 — Mon, 01 Apr 2013 13:57:35 GMT

I think you need to be at least in the 650 range to get approved for Discover. At least that was my score when I was approved.

Re: Discover - Possible approval, then DENIED

youngandcreditwrthy — Mon, 01 Apr 2013 14:08:48 GMT

I had a 688 when approved which I didnt even think was possible. Used to think they needed a 700+ to be approved

Re: Discover - Possible approval, then DENIED

sarkell — Mon, 01 Apr 2013 14:11:08 GMT

I was approved with 667 with discover but I had a previous au with them I think that helps.

Re: Discover - Possible approval, then DENIED

Open123 — Mon, 01 Apr 2013 15:31:51 GMT

Definitely possible.

From personal experience, on a Barclay recon, I noticed after a series of questions the analyst noticed (correctly, I might add) it appeared my only motive for applying for the card was purely for the sign-up bonus. Given my history with them, I had no intention on using their cards afterwards, aside from the prefunctory pack of gum per month.

The app was approved, but not without considerable resistance from the analyst (who tried to find a reason to decline, but in the end couldn't), and with an additional HP which I've never experienced from Barclay's. This was with 3 prior apps.

On my last Barclay app with "pending review," I knew better than to call for recon, and the card was approved with only the single TU pull 5 days later with full sign-up bonus. I've also had a similar experience with Chase recently.

Not sure, but recon for is no longer as effective than it had been. This could be an isolated case for me (given the amount of sign up bonuses I've accrued), or a trend where the CCs are beginning to adjust to the overwhelming amount of "recons" blueprint.

Re: Discover - Possible approval, then DENIED

sybo40 — Mon, 01 Apr 2013 15:33:47 GMT

well, I've decided to just leave everything and everyone alone. I'm done with Discover and AMEX. I was doing so good in the garden until...and now that I've wasted an INQ (and I THOUGHT I saw somewhere that someone else went through this same thought process), I feel like I ought to apply for EVERYTHING just to justify the hit...via my frustration from the denial. LOL

Re: Discover - Possible approval, then DENIED

Open123 — Mon, 01 Apr 2013 15:36:44 GMT

@sybo40 wrote:
well, I've decided to just leave everything and everyone alone. I'm done with Discover and AMEX. I was doing so good in the garden until...and now that I've wasted an INQ (and I THOUGHT I saw somewhere that someone else went through this same thought process), I feel like I ought to apply for EVERYTHING just to justify the hit...via my frustration from the denial. LOL

Well, it's good to know where you stand rather than just surmising.

In my view, if I were to app now, with borderline scores, I'd probably let a "pending review" run it's course, and call in for recon after an official declination. That's exactly what I've done the past two apps and has worked everytime without any fanfare or hassle.

Re: Discover - Possible approval, then DENIED

kimmiller112 — Mon, 01 Apr 2013 16:12:37 GMT

Just because you were taken to the place where you can create your online account doesn't mean that you were automatically approved. Your scores are low for them. If I were you, I would call the backdoor number and try to recon again. Sometimes getting a different person can help.

Re: Discover - Possible approval, then DENIED

NikJ4 — Mon, 01 Apr 2013 16:23:41 GMT

It happened to me as well. Same ending. Sorry!!!!!

Re: Discover - Possible approval, then DENIED

09Lexie — Mon, 01 Apr 2013 16:31:04 GMT

Sorry for the denial.