@DigitalNY wrote:Some are saying that Discover has a real long memory, but I had the complete opposite experience. I had a $3500 charge off (the full credit limit of the card) with Discover which was never paid and I fully expected that the only way I'd ever be able to get another Discover card would be repayment.
Within 30 days of the original debt falling off my reports I got a preapproval online and figured.. what the heck.. lets try it. Completed the application and got an instant approval for $5k with a 675 TU score. Never, ever in a million years would I have expected an approval with a decent credit limit.. especially a limit higher than they had charged off previously!
You are definitely an outlier and/or slipped through the cracks somehow. lol. They're not usually that forgiving.
@ahleahsis wrote:I remember seeing a post on here about someone getting back with Disco after a CO after about 10 years. I have a paid CO with them too from 2017. Hoping to get back with them at least with a secured card when it falls off my report in 2024.
Why? What is so great about Discover? It is basically a national credit card not international and the 5% cashback is only great in the first year when they match after that it equals many other cards out there or is worse. Is there something I am missing here?
Disc+
over was my smallest of 3 CC debts but the one who pushed me to BK after filing suit. Lost a job and got behind without ever catching back up. I burned them for somewhere between $2k-$3k (my memory is fuzzy) and filed a couple years after they filed suit. I waited 3.75yrs after discharge to try with them again and got in with a $400 secured card. I'm far from perfect but would like to think I'm a lot better with cards now than I was back then and my Discover is now $1800 unsecured. I use them every day for nearly all my transactions as if they were debit cards. If I don't have the money in my checking account I don't spend it. I do tend to think they treat BKs a bit better than COs from the DPs I've seen but I really only have anecdotal evidence of that and despite the BK I was over 7 yrs past DOFD when I tried getting back in
@Crowhelm wrote:Why? What is so great about Discover? It is basically a national credit card not international and the 5% cashback is only great in the first year when they match after that it equals many other cards out there or is worse. Is there something I am missing here?
I don't think anyone is claiming they are the best for acceptance internationally or have the best rewards programs. They do have a few things going for them though imo.
- They are good first cards for people building credit from scratch or rebuilding
- They have a shorter graudation period than many secured cards along
- They don't perma bucket starter cards as much as say Capital One or anyone else who deals with both sub prime and prime markets. You can turn a low limit card into a $10k+ card much more readily than with many other lenders
- Free TU8 score is nice
- US based customer service is a nice touch too.
Discover actually filed a lawsuit aganist me back in 2018 - im now back in with them. ( I did pay off my debt tho)
