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How BK7 friendly is Discover?

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oldman425
Frequent Contributor

Re: How BK7 friendly is Discover?

My Chapter 13 discharged 3/2015 and I was approved for the Discover IT with a $5500 SL this month.

12/27/16 - Eq683 TU666 Ex681 04/05/17 Eq742 TU763 Ex757
Message 11 of 15
pizza1
Community Leader
Super Contributor

Re: How BK7 friendly is Discover?

Discover is BK friendly....for some.

They were with me, started at instant approval $800 almost 2 yrs, and now at $5.8k. They also just recently a few months ago, approved me for a 2nd card with them (which is max btw), the Discover it Miles sl $2k! I imagine that will be at $5k in a yr from now.

Once you get in with them, if you treat them well, use and pay, you'll get rewarded.

I also though have rebuild extensively overall, and had a good relationship with them the last 2 yrs. Smiley Happy its possible!
Message 12 of 15
Anonymous
Not applicable

Re: How BK7 friendly is Discover?

I just got approved for Discover it - 6 months post bk, 23% CL 800. 

Message 13 of 15
cem13
Established Contributor

Re: How BK7 friendly is Discover?


@pizza1 wrote:
Discover is BK friendly....for some.


"For some.." is correct.  I burned Disco in my BK7 (JAN2011) for about $20K.  I recovered to 700 in 2 years, and my only debt was mortgage ($1000), SL ($300) and auto ($300).  My income recovered to $100K.  I had about $5000 in disposable income and I still was denied due to "prior relationship".

 

I have not tried to re-apply.  I went the CU route and was able to get ~$250K in CL.  Disco is just another CC company with no real purpose in my opinion.  

 

Chase is a different story but that is another story.

 

 

FICO 08 JUL23: TU 850; EQ 846; EX 843. Clean since BK7 D/C 6/2011.
Message 14 of 15
Anonymous
Not applicable

Re: How BK7 friendly is Discover?

 
Message 15 of 15
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