cancel
Showing results for 
Search instead for 
Did you mean: 

Rejected for Secured Card from Discover??!!

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Highlighted
Contributor

Rejected for Secured Card from Discover??!!

I'm newly discharged from Ch13 and was applying for a secured card from Discover.  Being a secured card, I figured there would be no problem but instead I got the standard message "We'll get back wtih you in 5-7 days with our decision".  Has anyone ever been rejected by Discover secured card before?  Should I call them?

FICO8
April 2017 - Experian 601, Equifax 659, Transunion 568
May 1, 2017 - Experian 601, Equifax 659, Transunion 588
June 1, 2017 Experian 638, Equifax 661, Transunion 582
November 1, 2017 Experian 664, Equifax 667, Transunion 666
January 26, 2018 Experian 678, Equifax 655, Transunion 653
March 14, 2018 Experian 674, Equifax 654, Transunion 654
April 14, 2018 Experian 674, Equifax 676, Transunion 652

BK 13 discharged 4/4/17

Cards - Cap One Venture $5.5k, Discover IT Chrome $5,000, NFCU Sig Cash Rewards $5k, Wayfair $6900, Pottery Barn $750, Home Depot $3500, Amex BCE $500, Amex Delta $1600, Lowe's $5000, Amazon Prime Store $3500, Old Navy $1900 plus a couple other small retail cards.
Message 1 of 7
6 REPLIES 6
Highlighted
Valued Contributor

Re: Rejected for Secured Card from Discover??!!

What are your FICO scores, first off? While I don't know what the usual recommended waiting period is before applying for a Discover secured, I remember that I gave it a year or so after being discharged from my own Chapter 7 before applying for a Cap 1 secured (and was approved immediately). It's possible you app'ed too soon, if you wait a while and try again you might have better luck then.

Ch 7 BK discharged 11/28/14, credit rebuild well advanced. FICO:TU 680 FICO 8 (3/2/19) or 687 FICO 9/EX 694 FICO 8/EQ 685 FICO 8 or 674 FICO 9 (NFCU 3/3/19), VS 3.0 10/17/18: TU 702/EX 699/EQ 698. $92.9k revolving credit as of 1/31/19; $1K NFCU cashRewards Visa, $2K BJ's Perks MC, $5.1k Discover It #1, $6.5k Discover It #2 (new 3/12/18), $3.5k Petal Visa, $6k Paypal 2% CB MC, $6k Amazon Prime Store Card, $6k Walmart Store Card, $7k Apple FCU Platinum Visa, $7k Penfed Power Cash Rewards Visa, $11.8k Overstock Store Card, $15K Care Credit, $16K Cap One QS Rewards Visa Signature, $10k PenFed used car loan, $5k Navient student loan, $12.7k Lending Club loan. Gardening: 3 months, 19 days as of 1/31/19. 24 HP inqs total as of 10/12/18: 10 TU, 9 EQ, 5 EX (about half over 1 year old).
Message 2 of 7
Highlighted
New Contributor

Re: Rejected for Secured Card from Discover??!!

That was one of the first cards I app'd for after discharge and I was denied as well as cap one and citi secured cards.  FICOs were mid 500s at the time.

CH7 BK Discharged Aug 2016April 2018 ScoresEQ08 650TU08 636EX08 676
Message 3 of 7
Highlighted
Senior Contributor

Re: Rejected for Secured Card from Discover??!!


@LilHobbit wrote:

I'm newly discharged from Ch13 and was applying for a secured card from Discover.  Being a secured card, I figured there would be no problem but instead I got the standard message "We'll get back wtih you in 5-7 days with our decision".  Has anyone ever been rejected by Discover secured card before?  Should I call them?


 

Well, first of all that message is not a definite rejection, it means they couldn't make a instant decision. Call their recon dept - 888-676-3695 (from the Backdoor Numbers sticky threa in the CC Applications) - and start off with saying "I'm calling to see if I can provide you with any additional information to help you make a decision".

 

Secondy, Discover can be all over the place with their decisions. After reading here that they approve some folks within a few years after BK7 discharge (as long as they were not included in the BK) I app'd at 4 years post DC, instant rejection. Then around 4 months later they started mailing me weekly pre-approval offers. After the 3rd one I decided maybe they were serious and app'd again, instant approval w/$4k SL, no HP.

 

Finally, from my own experience I recommend the Bank of America secured card as one of the better secured card. I had included 1 BoA CC in my 2010 BK7, so at 4 1/2 years post DC I app'd for their secured card as I wanted back in with them. Instant approval, and I just made the minimum $300 deposit. I got it unsecured at 7 months. With a $300 CL & no rewards it was my least used card, I just used it for Netflix & few other small charged and let it age. I got an auto CLI to $1800, so Icalled in to see if I got get rewards added and was told I qualified to have it PC'd to a Cash Rewards Platinum card w/no HP. With 3% rewards on gas & 2% on groceries its one of my better reward card and now my most used card.


Fico 08: 734/716/734 TU/EX/EQ
Message 4 of 7
Highlighted
Contributor

Re: Rejected for Secured Card from Discover??!!

It turns out it was an issue with their website.  It didn't complete the application online for some reason.  I called and they finished processing it - I was approved!  I put down the minimum of $200 for now and will probably increase it later.  

 

Not sure what all my scores are yet - I'm just now getting started with the whole process.  I know my Vantage Scores - TransUnion is 671 and Equifax is 686.  My FICO for Transunion is somewhere around 608.  

FICO8
April 2017 - Experian 601, Equifax 659, Transunion 568
May 1, 2017 - Experian 601, Equifax 659, Transunion 588
June 1, 2017 Experian 638, Equifax 661, Transunion 582
November 1, 2017 Experian 664, Equifax 667, Transunion 666
January 26, 2018 Experian 678, Equifax 655, Transunion 653
March 14, 2018 Experian 674, Equifax 654, Transunion 654
April 14, 2018 Experian 674, Equifax 676, Transunion 652

BK 13 discharged 4/4/17

Cards - Cap One Venture $5.5k, Discover IT Chrome $5,000, NFCU Sig Cash Rewards $5k, Wayfair $6900, Pottery Barn $750, Home Depot $3500, Amex BCE $500, Amex Delta $1600, Lowe's $5000, Amazon Prime Store $3500, Old Navy $1900 plus a couple other small retail cards.
Message 5 of 7
Highlighted
Contributor

Re: Rejected for Secured Card from Discover??!!

Turns out it was a website issue!  I called and was approved!

 

FICO8 - Experian is 601, Equifax is 659 and Transunion is 568.

FICO8
April 2017 - Experian 601, Equifax 659, Transunion 568
May 1, 2017 - Experian 601, Equifax 659, Transunion 588
June 1, 2017 Experian 638, Equifax 661, Transunion 582
November 1, 2017 Experian 664, Equifax 667, Transunion 666
January 26, 2018 Experian 678, Equifax 655, Transunion 653
March 14, 2018 Experian 674, Equifax 654, Transunion 654
April 14, 2018 Experian 674, Equifax 676, Transunion 652

BK 13 discharged 4/4/17

Cards - Cap One Venture $5.5k, Discover IT Chrome $5,000, NFCU Sig Cash Rewards $5k, Wayfair $6900, Pottery Barn $750, Home Depot $3500, Amex BCE $500, Amex Delta $1600, Lowe's $5000, Amazon Prime Store $3500, Old Navy $1900 plus a couple other small retail cards.
Message 6 of 7
Highlighted
Valued Contributor

Re: Rejected for Secured Card from Discover??!!

Congratulations! And that's a valuable lesson for us all: sometimes it really just is a technical glitch that keeps one from being approved.

Ch 7 BK discharged 11/28/14, credit rebuild well advanced. FICO:TU 680 FICO 8 (3/2/19) or 687 FICO 9/EX 694 FICO 8/EQ 685 FICO 8 or 674 FICO 9 (NFCU 3/3/19), VS 3.0 10/17/18: TU 702/EX 699/EQ 698. $92.9k revolving credit as of 1/31/19; $1K NFCU cashRewards Visa, $2K BJ's Perks MC, $5.1k Discover It #1, $6.5k Discover It #2 (new 3/12/18), $3.5k Petal Visa, $6k Paypal 2% CB MC, $6k Amazon Prime Store Card, $6k Walmart Store Card, $7k Apple FCU Platinum Visa, $7k Penfed Power Cash Rewards Visa, $11.8k Overstock Store Card, $15K Care Credit, $16K Cap One QS Rewards Visa Signature, $10k PenFed used car loan, $5k Navient student loan, $12.7k Lending Club loan. Gardening: 3 months, 19 days as of 1/31/19. 24 HP inqs total as of 10/12/18: 10 TU, 9 EQ, 5 EX (about half over 1 year old).
Message 7 of 7
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.