Discover Invitation

[Fletcher2]

I know, I know, I did search the boards and read DOZENS and dozens of posts about this, but nearly all say to look at the ranger of interest rates to guage whether or not an app will be successful.

I am 18+ months since discharge and Cap1 has tossed me $37K in credit and have a great mix of car loans, personal loans, student loans, etc, etc.  My score has been increasing nicely. I also bring above-average income to the credit app table.

I planned to waiting another 6+ months for 2 previous pulls to dropoff, but I got the infamous Dicover IT invitation.

They gave me a specific interest rare (albeit a crazy one, beggers who are trying to get to that magical $50K CL figure will take what they offer)—23.24%

Also, since my discharge, I have checked their unreliable 'check your offers' site and always the wide band of rates and no offers found.

After receiving the invitation with the specific interest rate, I tried the site again and it showed me an offer for the first time...same offer as the invite @ the same interest rate.

So wondering, has anyone who received an invitation with a specific interest rate still been denied by Discover?

The 'offer' has a reply-by date of October, so I am going to ponder this one for a few months in hopes of raising my score up a few points more, but feeling really good about the speicifc offer and my chances of approval.

As always, I value your opinions, so welcome your thoughts and advice!

[DaveInAZ]

This may sound like a strange question, but is the invite & envelop plain inexpensive paper, or is it textured, cream colored paper? 

 I apped for Discover Oct 2014, almost 4 years post BK7 discharge with scores around 700 and was turned down flat. Then in July 2015 I started getting app invites. In the CC Applications forum someone had posted a question on Discover invites and several of us compared notes: with the fancier textured paper invites all were approved, while the plain paper invites were hit or miss.

The other thing is that if they're serious, they'll keep mailing you invites. I was getting them every week, like clockwork. I was skeptical, but when I got the 4th invite and as they were all the textured paper I apped, instant approval w/$4k SL. 9 months later with 2 CLIs I'm up to $6k CL. Does you invite include fist year double rewards and 0% intro APR? Mine did, and it's become my favorite card.

[Fletcher2]

---

@DaveInAZ wrote:

This may sound like a strange question, but is the invite & envelop plain inexpensive paper, or is it textured, cream colored paper? 

 Does you invite include fist year double rewards and 0% intro APR? Mine did, and it's become my favorite card.

---

I tossed the envelope and left the invitation on my desk, but I'll be sure to evaluate the next one I (hopefully) receive! Thanks for the info. I respect your guys' attention to detail on this stuff! 

@Yea, 12 months @ 0% and 'Cashback Match' first-year offer.  

I planned to app Discover after more pulls fell off, as they were next on my '2-year plan', so this looks promising and much-welcomed...just HATE to have the hard pull with no rewards, of course. 

Thanks again, Dave.

[0REDSOX7]

I am in your same boat...been wanting to apply for Discover, and in turn, didn't want to waste an inquiry.  My wife has been getting prob. one or two invites a week for the past year trying to get her to apply for the Discover IT card.  With that said, just last week, I got my first mailed offer for the Discover IT card, in a nice matte green enevelop.  I have heard the stories as well that depending on the type of mail they send determines your actual approval odds with them.

Given we are going to be applying for a mortgage this month, no new apps for me, but, the invite I got is good for 90 days, so, if I close within 90 days, then I will certainly reconsider it.

[Anonymous]

I received one recently and tossed it. 1 year post discharge, Credit One $1700, Merrick $1400, Target $800, but not even Capital One is letting back in yet after a burn. 99.9999% sure Discover wouldn't.

*edit* I'm two weeks away from the actual one year mark

[Anonymous]

I too was in the same situation as you.  Received the letter and saw a prequal on their site. After reading your post I decided to go for it.  Approved for $1000 limit!!  Not sure if that is good or not but I'll take it.  This makes my 3rd card.  I have two cards with Cap 1 with a combined $10000 limit.  All I need now is a secured personal loan.  I also have somewhat of an above average income and have been discharged for 7 months.  I have debated an application with discover for months,  Hopefully this helps someone.  If anybody has advice on how to use the card to allow for a CL increase, I would appreciate the info.  

Best of luck all!

[Anonymous]

Here's Hope...and a little advice:

My BK7 was discharged Jan 2014. I never burned Discover and have only ever been an AU on their old card. I applied cold, 3 times late last year, startng in Septeber 2015. Instant denial twice. Third time, tehy said they'd give me a chance if Hubby went "Joint" with me, (not AU, Joint). I declined. 

I gardened until my BK7 hit the magic "2-years post discharge" date in Jan 2016. Meanwhille, because Discover now had all my info, they bombarded me with invitations every week or so (hubby, too). I saved ALL of them, so I can honestly tell you there was always a range (pretty wide, too). Never a specific rate.

Earlier this week, I figured the planets were in alignment that is, all baddies deleted from all my reports, except the BK, of course, Some decent limits showing on my new cards, FICO in low 700's across he board.

Instant Approval! $13,500 limit. Interest Rate 16.94 (lowest end of what they offered).

All I did differenttly, was garden, and wait past the 2-year discharged date. (Even my FICO jumped a bit in Jan 2016.)

Good luck, but my adivce is to wait 6 more months. Don't worry, they'll keep sending the promos. 

[AverageJoesCredit]

Got like 5 invitations within 2 month span ,9 YEARS post BK, never had Discover but i have 4 wasted Hp's to show for it ( last one somehow got a double pull! ) SO to each their own. From my experience and reading here on other posts Discover seems to be the true epitome of YMMV. Thin or thick profile, BK or no, its seems it can be a coin flip. Best of luck with everything!

[holmesnmanny]

---

@Fletcher2 wrote:

I know, I know, I did search the boards and read DOZENS and dozens of posts about this, but nearly all say to look at the ranger of interest rates to guage whether or not an app will be successful.

I am 18+ months since discharge and Cap1 has tossed me $37K in credit and have a great mix of car loans, personal loans, student loans, etc, etc.  My score has been increasing nicely. I also bring above-average income to the credit app table.

I planned to waiting another 6+ months for 2 previous pulls to dropoff, but I got the infamous Dicover IT invitation.

They gave me a specific interest rare (albeit a crazy one, beggers who are trying to get to that magical $50K CL figure will take what they offer)—23.24%

Also, since my discharge, I have checked their unreliable 'check your offers' site and always the wide band of rates and no offers found.

@After receiving the invitation with the specific interest rate, I tried the site again and it showed me an offer for the first time...same offer as the invite @ the same interest rate.

So wondering, has anyone who received an invitation with a specific interest rate still been denied by Discover?

The 'offer' has a reply-by date of October, so I am going to ponder this one for a few months in hopes of raising my score up a few points more, but feeling really good about the speicifc offer and my chances of approval.

As always, I value your opinions, so welcome your thoughts and advice!

---

If it were me I would go for it based on your information given. 

[Fletcher2]

Thanks for all the info and advice, everyone!  

As you guys predicted, they sent me more invites since I posted the question.

This envelope is white and feels really waxy...a higher-end envelope per se. lol

I'm going to sleep on their offers for a few months and perhaps when I see an appreciable upward spike in credit score and all the stars are in alignment, I'll pull the trigger. (Or whenever I can no longer surpress the urge to roll the dice and apply).

Thanks again!