I did preapproval for the a Discover Card and this is what I received-
"Here's The Card We Found For You
The Discover it® card is changing the game. Double cash back at the end of your first year. See Terms"
I applied April 2014 denied-too many INQ. I do not remeber at the time of how many INQ. TU and EQ were used and my score was lower, however, I have a higher score but many new accounts and INQ.
As far as INQ, the least amount is on TU, but new accounts are the same regardless of CRA.
here is my run down.
EQ-707 (9)
EX-725 (9)
TU-744 (7)
Above are scores and recent in (within12 mos) (INQ) and new accounts are 12 (9) but 3 are upgrades to(gap and old navy) VISA and Amex (macys)
I did get approved for the Cap One Ven1 (10k) and Citi Simp (5.3) in June.
Is it better to call or do the online application or wait until Dec to start my app spree? I had never done the preapproval before.
Pre approval is garbage. I'd say wait until December for some inquiries and accounts to age and then apply. I'm in a similar situation inquiry and account wise, and I'm waiting until then to apply.
Does your Pre-approval have a set APR or Set APR Range? Because if it says 12-22% then its not a pre approval but if it says like after X amount of months your APR will be 12.99-15.99 or something along those lines then it would be considered a pre approval.
Try this.. Select a 9 digit random # as SSN and use a fake name to type in the Discover pre-approval section. You will get your answer. Not worth it. You are better off waiting and applying.
Agreed not a true pre approval. but with your scores im in shock that you were not approved regardless of inquiries. iirc when i got discover a year ago. i had at least 8 or 9 inquiries on my equifax. and my score was about 663. thin file at time.
You said your score was lower when you were denied for too many inquiries. If your score is 707 EQ now, I would definitely apply, inquiries or not. If you wait unitl December you will miss the double cash back promotion. Although once you're enrolled, you'll get the double cash for an entire year, I don't believe they're taking sign-ups past the end of July. They've already pulled this promotion for existing cardholders. Apply now to see if you can jump on that promotion. What's one more inquiry at this point?
