topic Re: Discover It...Should I apply?? in Credit Cards

Discover It...Should I apply??

WhiteCollar — Fri, 03 May 2013 16:31:16 GMT

....does it seem like Discover It is an easy card to obtain? I've seen many recent posts about folks getting approved for the card with mediocre credit. I thought by it being a prime card, the criteria would be more strict. I really want to add a Discover card to my wallet but was trying to wait until I got my utilization down a bit. But after reading all these approval posts, I'm just may bite the bullet and app for it.

Should I app now or wait? I have been denied in the past and I know they will pull EQ. My correct scores are 658 (CreditKarma) and 645 (EXP) 661 (TU) 678 (EQ) via USA credit monitoring. I have 4 prime cards with $5k limits and few store cards with limits above $1500. However, I'm concerned with the number of inquiries and baddies. The youngest is from 2009 and oldest is 2007. 2 of the baddies will fall of in July 2014. I have 11 inq's with the youngest being October 2012 and the oldest being Sept. 2011. I have not missed a payments or been late in over 3 years.

What are my chances of approval??

Re: Is it just me or....Itchy app fingers!!

LS2982 — Fri, 03 May 2013 16:00:48 GMT

@WhiteCollar wrote:
....does it seem like Discover It is an easy card to obtain? I've seen many recent posts about folks getting approved for the card with mediocre credit. I thought by it being a prime card, the criteria would be more strict. I really want to add a Discover card to my wallet but was trying to wait until I got my utilization down a bit. But after reading all these approval posts, I'm just may bite the bullet and app for it.

Should I app now or wait? I have been denied in the past and I know they will pull EQ. My correct scores are 658 (CreditKarma) and 645 (EXP) 661 (TU) 678 (EQ) via USA credit monitoring. I have 4 prime cards with $5k limits and few store cards with limits above $1500. However, I'm concerned with the number of inquiries and baddies. The youngest is from 2009 and oldest is 2007. 2 of the baddies will fall of in July 2014. I have 11 inq's with the youngest being October 2012 and the oldest being Sept. 2011. I have not missed a payments or been late in over 3 years.

What are my chances of approval??

I think you would be approved! Good luck!!

Re: Discover It...Should I apply??

Anonymous — Fri, 03 May 2013 17:55:43 GMT

What were the reasons for denial in the past? And you mentioned your util is high ;how high?

Re: Discover It...Should I apply??

armbenderc — Fri, 03 May 2013 17:57:37 GMT

I got approved with 15 INQ on TU. 731 TU08 FICO when they pulled, 4k CL.

Re: Discover It...Should I apply??

zerobacan — Fri, 03 May 2013 17:59:22 GMT

Whitecollar, I think you will be approve because you pretty much have the same "mediocre" score that all those people...

Re: Discover It...Should I apply??

Anonymous — Fri, 03 May 2013 18:02:57 GMT

@zerobacan

?

Re: Discover It...Should I apply??

sccredit — Fri, 03 May 2013 18:53:55 GMT

@WhiteCollar wrote:
....does it seem like Discover It is an easy card to obtain? I've seen many recent posts about folks getting approved for the card with mediocre credit. I thought by it being a prime card, the criteria would be more strict. I really want to add a Discover card to my wallet but was trying to wait until I got my utilization down a bit. But after reading all these approval posts, I'm just may bite the bullet and app for it.

Should I app now or wait? I have been denied in the past and I know they will pull EQ. My correct scores are 658 (CreditKarma) and 645 (EXP) 661 (TU) 678 (EQ) via USA credit monitoring. I have 4 prime cards with $5k limits and few store cards with limits above $1500. However, I'm concerned with the number of inquiries and baddies. The youngest is from 2009 and oldest is 2007. 2 of the baddies will fall of in July 2014. I have 11 inq's with the youngest being October 2012 and the oldest being Sept. 2011. I have not missed a payments or been late in over 3 years.

What are my chances of approval??

You say your utilization is high, how high?

Re: Discover It..Should I apply??

WhiteCollar — Fri, 03 May 2013 19:11:13 GMT

Utilization is 58% according to credit karma.

Re: Discover It..Should I apply??

calihlove75 — Fri, 03 May 2013 19:19:52 GMT

@WhiteCollar wrote:
Utilization is 58% according to credit karma.

I would definitely wait. I think you would be approved but for a smaller limit/ different terms. I vote wait

Re: Discover It..Should I apply??

Anonymous — Fri, 03 May 2013 19:23:18 GMT

The util is a killer. You might be able to pull it off without the baddies but IMO, get it down, way down.

Re: Discover It...Should I apply??

Anonymous — Fri, 03 May 2013 19:48:26 GMT

I think it might be best that you wait not because you might get denied but because the hard pull will hurt your score. My util was 2% with credit karma score 773 and my score when down 30 points after the app. I almost literally flipped out when I saw it. The score climbed back up but it's still not 773. If you don't need the card then just wait. I'm sure they'll later come out with monetary incentives when you apply which they do not have right now.

Re: Discover It...Should I apply??

Anonymous — Sun, 05 May 2013 02:42:05 GMT

I think you have a shot. I was approved last month. Score Discover sent me was a 675 and I had 6-7 INQs plus a 9.7 year old BK 7 and 1 collection from 2009. $1000 CL.

Re: Discover It...Should I apply??

Anonymous — Sun, 05 May 2013 02:43:45 GMT

@MovingForward_2012

Was your util as high as 58%?

Re: Discover It...Should I apply??

LS2982 — Sun, 05 May 2013 02:45:27 GMT

Well I did not know your util was that high, definitely wait until you reduce it below 15%.

Re: Discover It...Should I apply??

myjourney — Sun, 05 May 2013 02:47:01 GMT

Wait garden for awhile work on UTI then apply

Re: Discover It...Should I apply??

FocusedAndDetermined — Sun, 05 May 2013 02:49:14 GMT

I agree with those that advise wating until util. is lower. Discover seems willing to overlook mistakes that are 5 yrs old or older, but current high utilization is most likely going to be a problem. BTW, when I got my card in March they pulled TU.

Re: Discover It...Should I apply??

Anonymous — Sun, 05 May 2013 02:50:30 GMT

My Util was 38-39%.

Re: Discover It...Should I apply??

LS2982 — Sun, 05 May 2013 02:55:44 GMT

@FocusedAndDetermined wrote:
I agree with those that advise wating until util. is lower. Discover seems willing to overlook mistakes that are 5 yrs old or older, but current high utilization is most likely going to be a problem. BTW, when I got my card in March they pulled TU.

Its likely ro produce a toy limit if approved.

Re: Discover It...Should I apply??

Anonymous — Sun, 05 May 2013 03:19:13 GMT

I apped yesterday with 30% uit and was approved. However they only offered me a $1500 CL to start. I don't know if my utilization % had anything to do with that or not. My current cards have limits of $1500 and $1000, I feel that was more likely the cause of the low initial CL.

Re: Discover It...Should I apply??

Stralem — Sun, 05 May 2013 04:57:31 GMT

I apped with 15% util across 4 cards and was given a starting limit of $1200. I think they cared more about income than utilization in my case.