topic Re: New Member With A Question. in Credit Cards

New Member With A Question.

CardHunter — Sat, 10 May 2014 16:07:46 GMT

Greetings all!

I am new here and feel very lucky I found this place. I have been lurking for the past 2 weeks and there are some really good posters here and I have learned a lot already. Ok so my question is I would like to get a Discover It card, but I wanted to see what you guys thought my chances are. Here are some details. I got approved for a Kays card for $6,000 about 2 weeks ago and I also got approved for a Barclaycard Rewards MasterCard for $1,800 almost a week ago. I do have a First Prem. card for about a year now with only a $750 credit limit, but my eyes have been on the Discover IT card for some time now. Here are some scores that I pulled. Credit Karma (TU) 641 - Quzzlie (Equifax) 652 - Experian web site 671. TIA. for your reply and look forward to many years with you guys!!

Re: New Member With A Question.

DaveSignal — Sat, 10 May 2014 16:17:15 GMT

All of those scores are FAKOs, but Discover has been known to take chances on new credit builders. I assume you don't have a major loan like a mortgage planned anytime soon, so I don't think it would be awful to use the inquriy and try for the card.

You can be more confident, though, if you pull a FICO score and compare with others who have similar profiles.

Re: New Member With A Question.

CardHunter — Sat, 10 May 2014 16:25:56 GMT

Thanks for the reply no plans for a new major loan right now. As far as the inquiries goes I have 0 on Experian, 2 on TU and 1 on Equifax so I don't think 1 hit would hurt, really not even sure who Discover uses but I can take a chance with 1 hit I guess.

Re: New Member With A Question.

CarnegieS — Sat, 10 May 2014 16:26:34 GMT

@CardHunter wrote:
Thanks for the reply no plans for a new major loan right now. As far as the inquiries goes I have 0 on Experian, 2 on TU and 1 on Equifax so I don't think 1 hit would hurt, really not even sure who Discover uses but I can take a chance with 1 hit I guess.

They pulled TU for me. If you decide to go for it good luck!

Re: New Member With A Question.

Kenny — Sat, 10 May 2014 16:27:34 GMT

I think you will get approved. That is assuming there are no baddies? Even if there is though, Discover I think is really forgiving of that. Great company. If you got the Barclays, I fully expect you to get the Discover.

Re: New Member With A Question.

CardHunter — Sun, 11 May 2014 12:25:51 GMT

Thanks guys, I was also thinking about taking the Credit Union route, but I am not a member of any Credit Union and I am not really sure which ones are more liberal towards credit cards with my scores. Any thoughts and opinions would also be greatly appreciated.. Thank you!

Re: New Member With A Question.

parakleet — Sun, 11 May 2014 20:25:43 GMT

I think you have a good shot at the discover. I don't see the purpose of going for a CU unless you have a need for an auto loan or just a card with a high CL. I think you'll be fine as long as you take care of your cards. Good luck.

Re: New Member With A Question.

Anonymous — Sun, 11 May 2014 20:43:39 GMT

NFCU, Penfed or your local credit unions are your best bets credit karmas scores are always lower than my actual score by at least 50 points.

Re: New Member With A Question.

CardHunter — Mon, 12 May 2014 00:42:21 GMT

Awesome! Thanks guys for the feedback.. Like I said I really want the Discover card, but I was wondering if it was easier to get a CU credit card with my score or maybe wait untill the end of the month and let Barclaycard Rewards card show up on my credit report. Thanks again guys for your thoughts.

Re: New Member With A Question.

CardHunter — Mon, 12 May 2014 00:43:48 GMT

Wow.. That's huge. That makes me feel a little better then.

Re: New Member With A Question.

CardHunter — Thu, 15 May 2014 16:54:48 GMT

I am still debating about this card, I want to go ahead and apply or would it be best to wait till the end of the month and let my Barclays and Kay's card show up on my credit report. So I guess my question is should I wait or just go head and apply with fingers crossed.

Re: New Member With A Question.

PlasticOrPlastic — Thu, 15 May 2014 17:01:08 GMT

Have you tried the pre approval site for Discover? I was denied a Discover card after having no offers on the pre approval site, went back 3 months later and had an offer, applied and was approved. I'd try that then apply from there. Good luck!

Re: New Member With A Question.

Kenny — Thu, 15 May 2014 17:03:09 GMT

Barclays is a super fast reporter if that's what you're waiting on. The Kay's card might not help you to way for it to report. If that's all you're waiting on, go for it.

Re: New Member With A Question.

CardHunter — Thu, 15 May 2014 17:04:13 GMT

Yes, nothing come up so that's why I was wondering if maybe it would be better for these 2 new accounts to show up first before app.

Re: New Member With A Question.

j_casteel — Thu, 15 May 2014 17:11:55 GMT

Have you pulled your FICOs here? I would do that to get. Better idea of where you stand. The FAKO score could +/- 50pts from your actual scores.

Good Luck

Re: New Member With A Question.

CardHunter — Thu, 15 May 2014 18:50:34 GMT

Not as of this point I haven't but I was thinking about signing up for the score watch or maybe spending the $60 for all 3 reports.

Re: New Member With A Question.

j_casteel — Thu, 15 May 2014 22:09:25 GMT

Search for a promo code before doing it...can usually find one for 20% off or something.

Re: New Member With A Question.

SunriseEarth — Fri, 16 May 2014 00:50:02 GMT

@CardHunter wrote:
Thanks for the reply no plans for a new major loan right now. As far as the inquiries goes I have 0 on Experian, 2 on TU and 1 on Equifax so I don't think 1 hit would hurt, really not even sure who Discover uses but I can take a chance with 1 hit I guess.

Last time I tried with Discover, they pulled EQ for me (I'm in SoCal). Good luck!

Re: New Member With A Question.

CardHunter — Fri, 16 May 2014 16:07:48 GMT

Ok guys I just signed up for Fico score watch and it came back at a very sad 622...Im speakless. How in the H$ll did I get approved for the Barclaycard Rewards MasterCard with a $1,800 limit with a score like that??? I was hoping it would have been higher after Experian web site showed me at 671 and Quizzle showed me at 652 and Credit Karma showed me at 641. This sux and really don't know what to do now. Thoughts?

Re: New Member With A Question.

parakleet — Fri, 16 May 2014 17:19:29 GMT

Do you have any baddies on your report? The low score could also be due to high utilization, aaoa, inq, number of accounts, etc. Carefully review your report to see if you can figure out where your'e losing points from.