Credit card prequals

[randomguy1]

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@Zeno wrote:

So discover offers cash back every year at the end on same card?

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The matching? First year.

[Anonymous]

The Walmart card just transferred from Synchrony to Capital One a few months ago. It has not been 6 months yet so that probably the reason for the denial.

imho Discover will probably start yiu out higher but AMEX will grow faster. Both preapprovals are usually solid.

[Zeno]

I will try the discover card. I never tried credit limit increase with Walmart when under Synchrony. I automatically receive a $1000 increase from Citi every 6 months but if I get an automatic increase and try to request one myself it gets denied because i have to wait six months.

[KJinNC]

PayPal MC is largely duplicative of your Citi DC, so I'd probably skip that, unless you are unhappy with the DC.

If you were picking just one card, personally, I'd go with Discover. The rotating 5% version. Right now, it's 5% at walmart.com, Amazon, and Target. In Q1, it is 5% at grocery stores, CVS and Walgreens. In Q2, it is 5% at warehouse stores and gas stations, if I recall correctly. It is 1% on everything but the featured category. And, they match cash back for the first 12 months, so in the long run, those become 10% categories and 2% elsewhere.

I am also an Amex fan, and if you have one Amex, that makes it a lot easier to see if you can get others in the future. Once you have an Amex and are logged into their web interface, if you click Apply on any other card, you will see immediately if you are preapproved. You also can request a 3x credit limit increase 61 days after you open an account. If you don't get it, you can try again in 91 days. If you do get it, you can try for another in 181 days. It's all soft pull, with rare exceptions.

So, if I were you, I would definitely get the Discover, and I would seriously consider getting an Amex - whichever fits your spend best. Though you should be aware that will significantly hurt your AAoA.

Good luck!

[Zeno]

I think I will go with discover it seems to offer something good and I do shop at Walmart and amazon sometimes target as well. I only have three accounts currently. I am also trying to have my scores increase more. They increase sometimes by different points 3, 7, 20 etc. Nothing ever reported late.

[KJinNC]

The categories do rotate on Jan. 1. Here is a schedule:

https://www.nerdwallet.com/blog/credit-cards/discover-announces-2020-categories/

There are other types of Discover cards (a gas station and restaurant 2% card, a travel miles card), but since you have a general-purpose 2% card already, I would definitely go with the rotating 5% card.

Enjoy! Discover is great.

[JNA1]

You can’t go wrong with Discover. I can’t get mine to grow as quickly as my other cards, but I love everything else about it.

[Zeno]

Something strange just happened when i applied for discover. It says i have no credit record available which is incorrect

[JNA1]

That is strange. Are you sure there wasn’t a typo on your birthdate or SSN when you filled it all out?

[Zeno]

yes no typo when filling it out. The agency they pulled was from Equifax and i tried applying again i receive the same answer. I called discover and they mentioned i may have to call equifax. The rep said they pulled it based on information i entered and i was letting the rep know i have credit with accounts.