topic Re: discover it in Credit Cards

discover it

Anonymous — Sat, 08 Mar 2014 15:21:45 GMT

Hi everyone I got an application in the mail today from Discover it. There is an invitation number but i do not see pre approval. should i go and take the offer or am i going to just take another hit on my score with the credit inquiry

Re: discover it

Rhaeny — Sat, 08 Mar 2014 15:25:20 GMT

Yes, you will have an HP if you app.

I should add that I'm not sure about the difference between pre-approval vs pre-qualified, etc., and I don't believe it that it really matters which one it is, so if you do app you are for certain to get an HP.

Re: discover it

Anonymous — Sat, 08 Mar 2014 15:25:14 GMT

do they send these out to everyone? i guess what i am wondering is it a bulk letter or do they see something on my credit that made them want to send it out to me

Re: discover it

Creditaddict — Sat, 08 Mar 2014 16:01:10 GMT

@Anonymous wrote:
do they send these out to everyone? i guess what i am wondering is it a bulk letter or do they see something on my credit that made them want to send it out to me

no everyone does not get them... you could always go to discovercard.com and check the pre-qual there... If you get offer online too then I would think your chances are pretty good.

Re: discover it

amdm2013 — Sun, 09 Mar 2014 01:49:42 GMT

I was approved two days ago without any mail or being pre-qualified. I just had a gut feeling!

Re: discover it

jbrown773 — Sun, 09 Mar 2014 01:59:12 GMT

I get discoverIT offers all the time in my school email and sometimes in the mail. They arent pre-approves and can still denie you. I was denied when I apped them 8 months ago cus from an email offer, cus my scores were too low then . I still get letters and emails but I dont think Ill get approved just yet.

Re: discover it

BarryNTexas — Sun, 09 Mar 2014 02:02:59 GMT

The wife got one of these today and she applied. She didn't qualify for the 0% intro but did get approved instant. Her scores are low 600s. FWIW. -Barry

Re: discover it

takeshi74 — Sun, 09 Mar 2014 04:02:00 GMT

@Anonymous wrote:
should i go and take the offer or am i going to just take another hit on my score with the credit inquiry

As indicated above you're going to take a HP doe applying so it's not either/or as your question states. As to whether you should app that's up to you to determine and there isn't enough info in you OP to even begin to make a recommendation. If the card meets your needs/wants and your credit is in good shape then go fo it. If you're just responding to their marketing then you should probably at least reconsider. Comment applies to any marketing from any credit. Don't just respond to them. Seek the cards you need/want.

Re: discover it

AgentofGaming — Mon, 10 Mar 2014 07:27:05 GMT

I got a prescreened offer for Discover IT too but it appears to be the promo that doesn't give the $150 bonus for spending $750 in 3 months.

I'm considering using the $150 bonus promo instead and in preparation I've paid off my 0% card to make my util nicer too but now I'm having second thoughts. I phoned them about having limited credit history but they said you don't know until you app. I know people have been approved the Discover IT as their first card but I'm not sure how far I'll get.

Re: discover it

Shock — Mon, 10 Mar 2014 08:42:23 GMT

Discover is thirsty. I got like 10 of these mailers in the past month. I'm considering applying just for a balance transfer so I can close out my car loan. But some of the malers have different APR's. What gives?

Re: discover it

TiggerDat — Mon, 10 Mar 2014 10:51:20 GMT

From what I can see it might be better for you to wait. Your scores are a little low and the accounts you have listed don't indicate that they have been open for at least a year for each. I would think you would be better off waiting until at least the one year mark on your middle opened card. I know that Discover is a good card to have, but sometimes it is best to wait it out a bit. I had to recon for my Discover. Some factors which caused this were that I had a deliquent, but correct student loan which went into default. At the time of the app it was about three years old. (If you have no negatives, your chances do go up!) I also had a few inquiries, about 12 at the time I think. I also had a few new accounts, they were about 6 months old at the time. When I reconned I did not get the best terms, rate, etc. as were advertised, but I was simply happy to get the card.

The account is now 1 year 2 months old. I also had to recon for a CLI. I started out with a $1K limit and PIF every month, but they still relied somewhat on the initial and soft pulls for a new limit. I had checked twice before for a soft pull CLI without any luck. I took the plunge and was denied, but speaking with an analyst I was able to get a $5K limit. (It was what I asked for and was basically told that since that is what I asked for that was all I could get. If I didn't qualify for that, then they would have countered, if I had asked for more I might have gotten it. Go figure.) At the time of the recon I still had some other new accounts and many inquiries. I certainly make sure I maintain this account very well and am happy that I got it. I can't even get the same love from Chase which was opened at the same time. In fact I did a HP CLI on that and was denied and could only recon for $500.

My score at the time of applying was 698.

Re: discover it

Peter1142 — Mon, 10 Mar 2014 22:25:26 GMT

They sent me invitations like once a week, but I did the pre qual on their site and it gave me a pre approved offer. Give it a try, can't hurt.

They pulled Eq 08 for me and my score was higher than the 04 flavor. I do believe this is typical.

Re: discover it

B335is — Mon, 10 Mar 2014 23:12:09 GMT

Is that Discover $150 bonus still floating around? If you can get that, I would app.

Re: discover it

devastatah — Mon, 17 Mar 2014 01:45:53 GMT

YMMV but I finally applied after 3 months of getting mailers and was approved I am more excited about the free FICO score than the card itself

EQ-660 TU- 683