Discover IT (secured)

[Anonymous]

This Discover IT double cash back thing has me itching BAD. Supposed to be gardening. If I was smart, I'd ask DW to get a new color disc card and let me use that. I have a few credit goals but my number 1 goal lately is to not waste HP's. I'm nervous about getting declined, as my EQ is my lowest score. Haven't checked it lately, but it's prob around 650. TU and EX are right around 675-680, so I'd be better off with a double pull.

Anyways, was combing through forum posts all morning, and saw some posts about the secured version of the card. This option makes the fear of apping much lower, but I wasn't able to find much info on who gets the secured offer. Seems like plenty of people were offered it and plenty were not.

Anyone want to chime in with stories of a secured offer, and what their credit file was like at the time?

Anyone have experience reconning into a secured if it's not offered by the website?

[gibeon]

In the mid-high 500's when declined for regular card and no offer for secured card.

Applied for Disco Student card a month or so later with 590's or very low 600's and was offered student version. (I am a student and have an edu email, and loans in deferment, so didn't even receive verification questions.)

Have since PC'd card to the regular IT version (still secured of course) and added the double cash last night.

[Anonymous]

I was approved for the unsecured version in April. I have a 6+ year old judgement on my report. Also I had a 29% util at the time. My score for eq was 645. They also pulled experian which was a 647.

[Anonymous]

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@Anonymous wrote:
I was approved for the unsecured version in April. I have a 6+ year old judgement on my report. Also I had a 29% util at the time. My score for eq was 645. They also pulled experian which was a 647.

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Thanks to both of you

Kaylava - was your file fairly thin?

[Sneakytiki]

I applied last week, scores are in my sig. I was approved for the Discover It but they would not give me a 0% APR, I had to take a 10.99% intro APR.

I have 4 paid in full charge offs from 2010/2011, 2 collections from the same time paid in full last year. Most recent negatives were two 90 day lates about 14 months ago. I had 4 student loans in an in school deferment, still make payments, 4 revolving accounts and 1 auto loan active when I apped with a handful of inquires from my mortgage company. Utilization on revolving accounts was 5%, 15%, 20% and 60% on revolving accounts. AAoA was 7 years.

They pulled EX and EQ.

Hopefully that helps a little.

[Anonymous]

No, longest account 11.5 years aaoa 3 years 6 months. I have a ton of 90,120,250 day lates from 2011. Unfortunately I never paid up and just kept paying my monthly payments. I am disputing the ones from last 2 years because they jump from 120 150 120 even though my payments were being made. It is only on transunion though. I have 14 accounts.

[Anonymous]

I had 4 collections, prob all but 1 paid, 2 new cards (first 2 of my life) less than 2 months of history, 1 secured loan for around 5 months. Declined for regular IT (duh) but offered secured which is what i was actually going for. Scores all >550 <600 at the time.

[Sneakytiki]

Forgot they included a score. They said I had a 638 when they sent my card.

[JamP]

My wife was pre approved on the Discover site for the Discover IT. She applied and was denied. Called them and asked if there was anything she could do, cosigner or student version and they took her information for the student version and denied her for that one also.

Told them that she really wanted to get in with Discover its the best card out there and they offered her the secured version of the IT card. Sent her a link, added amount she wanted and was told she would be able to upgrade it to the unsecured version in a year. So its possible, but not really understanding why some get the offer and some don't.

[Anonymous]

I was discharged from BK in Jan and wanted a secure card to start rebuilding my credit. I was told to apply for the discover It card and they should offer the secure version. I did and I was approved in Feb i put 200 down they just added the feature where you can add more if you want and they told me with good payment history and taking care of the card it will go to unsecure in a year. My scores were in the high 500's they pulled Equifax which was 590 at the time.