topic Re: Discover IT, Barclays or CapOne QS? in Rebuilding Your Credit

Discover IT, Barclays or CapOne QS?

Anonymous — Sun, 31 Aug 2014 19:54:02 GMT

When my score hits 600+ I'm going to apply for one of these cards, which do you guys recommend?

Also, what CRA does Discover usually pull?

CapOne usually pulls all 3 from what I have seen. Barclays, I was unsure on and Discover. I'm not 100% sure on.

Re: Discover IT, Barclays or CapOne QS?

Sneakytiki — Sun, 31 Aug 2014 21:18:25 GMT

You may want to wait on discover. They usually require high 600s. They do have a secured card on trial so you may get a counter offer. I really wanted one, from my research they usually pull EQ or any of the three. I'm just waiting a year or so because I want a house.

Cap 1 pulls everything. Barclays I think pulls TU but I'm not sure.

I would wait on discover but Capitol One and Barclays should be easier than discover.

Others probably have better advice based on experience.

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Sun, 31 Aug 2014 21:26:39 GMT

I know of someone who got a Discover with a 620ish.

Which is when I had plans on applying for a Discover.

I really want the Discover IT card.

I'm acutally getting ready to finance a car so, that's one reason I'm working so hard on my credit.

Re: Discover IT, Barclays or CapOne QS?

taxi818 — Mon, 01 Sep 2014 01:51:42 GMT

Well not heading the advice of members who went thru it all is going to end up with a wasted HP.

You can apply for whatever you like but the chances of getting approval with scores in the low 600s is almost 0 to none.

but now cap 1 will approve with those scores. Barclays usually of 650 for sure. or close to it.

Discover it chances. over 670 fico. not fakos.

there you go. let your concious be your guide. Good luck.

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Mon, 01 Sep 2014 02:01:23 GMT

@taxi818 wrote:
Well not heading the advice of members who went thru it all is going to end up with a wasted HP.
You can apply for whatever you like but the chances of getting approval with scores in the low 600s is almost 0 to none.

but now cap 1 will approve with those scores. Barclays usually of 650 for sure. or close to it.
Discover it chances. over 670 fico. not fakos.
there you go. let your concious be your guide. Good luck.

Do you have the Discover Card and have you applied for it? I'm looking for people with experience with Discover or have one.

Re: Discover IT, Barclays or CapOne QS?

taxi818 — Mon, 01 Sep 2014 02:03:34 GMT

You can be sure I replied to you because I have every card on your list. Yes I have the discover card. Barclays reward card. Cap 1 quicksilver card. And in fact. 8 more cards besides that. That is why I am giving you good advice.

Re: Discover IT, Barclays or CapOne QS?

taxi818 — Mon, 01 Sep 2014 02:08:43 GMT

Now as to your question who pulls what. I see in your siggy you are using all fakos. Ck score. Credit sesame score. And quizzle score. First thing first. While these sites are good for monitoring change. Their scores are useless.
Spend a little change and get the 3 bureau report here from myfico to see where you really stand and get true strong advice. You are right. Cap 1 pulls all 3. Barclay pulls Transunion almost always. And discover pulls Equifax. Sometimes experian. But mostly Equifax.

Re: Discover IT, Barclays or CapOne QS?

dave36021 — Mon, 01 Sep 2014 02:36:36 GMT

Got a Barclays card with a 585 and they pulled TU for me a few months ago

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Mon, 01 Sep 2014 02:48:58 GMT

@dave36021 wrote:
Got a Barclays card with a 585 and they pulled TU for me a few months ago

I'm going to wait and see what my TU is before trying to app for Barclays. Are they Inquiry senstive?

Re: Discover IT, Barclays or CapOne QS?

Loques — Mon, 01 Sep 2014 08:26:06 GMT

@Anonymous wrote:
When my score hits 600+ I'm going to apply for one of these cards, which do you guys recommend?

Also, what CRA does Discover usually pull?

CapOne usually pulls all 3 from what I have seen. Barclays, I was unsure on and Discover. I'm not 100% sure on.

Discover pulls TU for any CLI requests now (which makes sense since that is the score they provide). I don't remember if they pulled EQ or EX or both when I got the It card a few years ago. Either way, scores were: EQ 634, EX 647 with decent income. I did (and still do) have baddies on my CR, but YMMV.

I would go with Discover for various reasons - customer service being close to the top. It seems unparalleled to me nowadays. I've had dealings with Cap1 also, and from my understanding, unless it is one of their prime cards (which I didn't have, and you most likely won't get in the 600s), CS is crap. Also, decent CLIs from Discover - I was getting small auto-CLI for $300-$400 and then just went ahead and HP for $2500, where it is now. They seem to work with you if you treat them well.

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Mon, 01 Sep 2014 08:31:22 GMT

I'll wait until my installment loan hits 6 months to show payment history and then I'll app for Discover. I'm hoping that pushes me over 600 if not, I'll hold out until I get over 600.

Every time a payment reports on a credit card or installment loan, does it usually raise your score? So far for me it has.. I'm curious if I'll see a big jump when my first Credit Card payment reports

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Mon, 01 Sep 2014 09:04:14 GMT

@taxi818 wrote:
Now as to your question who pulls what. I see in your siggy you are using all fakos. Ck score. Credit sesame score. And quizzle score. First thing first. While these sites are good for monitoring change. Their scores are useless.
Spend a little change and get the 3 bureau report here from myfico to see where you really stand and get true strong advice. You are right. Cap 1 pulls all 3. Barclay pulls Transunion almost always. And discover pulls Equifax. Sometimes experian. But mostly Equifax.

I'm well aware that they're FAKO scores. I also understand the difference between FICO/FAKO.

Re: Discover IT, Barclays or CapOne QS?

taxi818 — Mon, 01 Sep 2014 10:17:51 GMT

Well then maybe all your scores are over 600 right now. If that is your barometer for apping. Most cases. Those scores are 40 plus points off. So who knows. You may be good to go.

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Mon, 01 Sep 2014 17:46:03 GMT

I'm going to wait it out.

I'd rather wait a bit before apping.

Re: Discover IT, Barclays or CapOne QS?

Loques — Mon, 01 Sep 2014 20:13:08 GMT

It's still a good idea to get all 3 FICO so you truly know where you stand.

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Mon, 01 Sep 2014 20:21:40 GMT

Equifax isn't generating a FICO score yet according to MyFico which makes no sense cause, I get letters from banks when I had gotten denied for a card (Captial One) stating what my FICO score was.

So, I'm waiting until November to check my FICO scores when I have at least 6 months of payment history.

Merrick Bank gives me a Transunion FICO score which I will have in a couple days when my first statement closes.

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Tue, 02 Sep 2014 01:01:09 GMT

Don't have any of those cards, but my oldest Cap One has a $5K limit and is 12+ years old. Have also racked up several other Cap One cards over the years. IMHO they're far and away the least strict lender I've ever dealt with. I used to also work at a car dealership, and Cap One was one of our biggest second-chance lenders, meaning if a customer didn't get approved for a reasonable rate through one of our prime lenders, there was a good chance they'd get approved through Cap One with like a 15+% interest rate.

In my experience, Discover is a pain to get a approved with. ~670 TU FICO, never a late payment or any other derogs, $70K income of 2 years, but 90% util ($20K revolving debt), and they won't touch me. Not even with a toy limit. I think I've apped with them at least 3 times over the last two years. Instant denials every time.

Having said that, I'm sure you could find someone on this forum with the exact opposite story though, so worth reiterating these were only my experiences. Good luck.

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Tue, 02 Sep 2014 01:02:34 GMT

I have 2 friends of mine that both have Discover and one has a 630 and another had a 650 something.

Guess, everyone has a different experience.

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Tue, 02 Sep 2014 01:08:28 GMT

@Anonymous wrote:
I have 2 friends of mine that both have Discover and one has a 630 and another had a 650 something.

Guess, everyone has a different experience.

I'm guessing they probably have low utils. Discover probably puts a lot of emphasis on that, like most lenders.

Cap One seems to care less, offsetting it by handing out toy limits. Just my experience.

Re: Discover IT, Barclays or CapOne QS?

Anonymous — Tue, 02 Sep 2014 01:40:51 GMT

I have 40 on my TU so, I got you beat

But, most of them are auto so they count as one.