Re: Discover Pre-Approval/Income Tax Documents

jamerican-girl · ‎08-24-2022

Good morning everyone! I am in the garden and not looking to apply for any more credit cards for a while, but I am a little curious about Discover. Last year, I was approved for an IT card with a limit of $5,000 but I closed the account when I got an email from Equifax on their behalf requesting my income tax information. I felt that it was a little too intrusive, especially since Equifax had a data breach a while back.

Fast forward to 2022, I did the prequalification online just to see what would come back and I was pre-approved for two cards. I didn't pull the trigger because I don't want any new cards right now, but I am curious if the tax returns is standard for everyone who gets approved or it's done randomly for some reason. Thank you for any feedback.

Keepers:
Wells Fargo: Active Cash - SL: $10,000
Synchrony: PayPal MC Rewards - SL: $8,000 CL: $15,000; Venmo - SL: $4,300, CL: $10,000; Lowe's - SL: $2,000 CL: $10,000; Care Credit - SL: 500 CL: $3,000
Amex: Delta SkyMiles Platinum - SL: $1,000 CL: $4,000; Blue Cash Preferred - SL: $2,000 CL: $4,000; Marriott Bonvoy Bevy - SL $1,700; Hilton Honors Surpass - SL: $8,000
Citi: Costco Anywhere Visa - SL: $8,800; CL: $10,000; Custom Cash Card - SL: $3,500; Wayfair Card - SL: $5,000 CL: $9,100;
PenFed: Gold Card - SL: $3,500 CL: $7,500; Power Cash Rewards - SL: $2,500 CL: $7,500
Bread American Express Cashback - SL: $5,000 CL: $7,500
Mercury Finance - SL: $3,500 CL: $4,250;
Goldman Sachs: Apple Card - SL: $6,000 CL: $6,500; Marcus: GM Card - SL: $3,000;
Kohl's - CL: $3,500; CFNA Firestone - SL: $800, CL: $3,200

Sock Drawer:
Capital One: QuickSilver - CL: $1,250 (finally got CLI)
Sofi: SL: $2,500;
Merrick Bank: CL: $1,300 (can't close, one of my oldest tradelines);
BOA: Customized Cash Rewards - SL $500, CL: $1,500;

Chopping Block:
Capital One: Platinum MC - CL: $600 (they won't give me a CLI);
Credit One: 2 cards with $1,500 & $2,200 CL
Prosper: $1,400

Goal Cards:
Chase Sapphire, WF Autograph and PenFed Platinum Rewards

Car Loans: 1 loan.
Car: 2023 Audi A4 SLine
Paid off:
VW Financial Services: 2020 Jetta
Exeter Finance: 2015 Jetta

SUPERSQUID · ‎08-24-2022

I have been seeing posts about this. I dont know what triggers it but apparently nothing about my profile triggers it. I got a discover it last year 3k sl thru the prequal and they didnt ask, then last month i got a 2nd discover it 6k sl thru the prequal no ask, then this week i got a cli on the first card to 4500 no ask.

im retired, 36k income

OmarGB9 · ‎08-24-2022

It's not that random... there have been several reports of that income verification request the last couple of years.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:

Current FICO 8 scores:

jamerican-girl · ‎08-24-2022

Supersquid -- Thank you for the response. I'm curious what the trigger is, if any. I didn't use household income when I was approved the last time. When I did the prequalification recently I did.

Keepers:
Wells Fargo: Active Cash - SL: $10,000
Synchrony: PayPal MC Rewards - SL: $8,000 CL: $15,000; Venmo - SL: $4,300, CL: $10,000; Lowe's - SL: $2,000 CL: $10,000; Care Credit - SL: 500 CL: $3,000
Amex: Delta SkyMiles Platinum - SL: $1,000 CL: $4,000; Blue Cash Preferred - SL: $2,000 CL: $4,000; Marriott Bonvoy Bevy - SL $1,700; Hilton Honors Surpass - SL: $8,000
Citi: Costco Anywhere Visa - SL: $8,800; CL: $10,000; Custom Cash Card - SL: $3,500; Wayfair Card - SL: $5,000 CL: $9,100;
PenFed: Gold Card - SL: $3,500 CL: $7,500; Power Cash Rewards - SL: $2,500 CL: $7,500
Bread American Express Cashback - SL: $5,000 CL: $7,500
Mercury Finance - SL: $3,500 CL: $4,250;
Goldman Sachs: Apple Card - SL: $6,000 CL: $6,500; Marcus: GM Card - SL: $3,000;
Kohl's - CL: $3,500; CFNA Firestone - SL: $800, CL: $3,200

Sock Drawer:
Capital One: QuickSilver - CL: $1,250 (finally got CLI)
Sofi: SL: $2,500;
Merrick Bank: CL: $1,300 (can't close, one of my oldest tradelines);
BOA: Customized Cash Rewards - SL $500, CL: $1,500;

Chopping Block:
Capital One: Platinum MC - CL: $600 (they won't give me a CLI);
Credit One: 2 cards with $1,500 & $2,200 CL
Prosper: $1,400

Goal Cards:
Chase Sapphire, WF Autograph and PenFed Platinum Rewards

Car Loans: 1 loan.
Car: 2023 Audi A4 SLine
Paid off:
VW Financial Services: 2020 Jetta
Exeter Finance: 2015 Jetta

bobnathan0295 · ‎08-24-2022

I have never had an income verification

Jnbmom · ‎08-24-2022

I have seen this more often with an additional card, but have also seen with one's first card as well.

EXP 780 EQ 796 TU 810

SDMarik · ‎08-24-2022

It's not unheard of, I would guess that with uncertainty and volatilty on the rise it might become more commonplace than it has been for the past couple of years. I don't think anyone can give you an exact "this is what triggers needing income verification", as no one really know for sure EXACTLY what causes issuers to make some of the decisions they do.

"When prosperity comes, do not use all of it"

805orbust · ‎08-24-2022

Weird. Discover period is a mystery to me. I never had them ask, however nothing surprises me in this current climate and where we are in the cycle.

mbauza86 · ‎08-25-2022

@jamerican-girl wrote:
Good morning everyone! I am in the garden and not looking to apply for any more credit cards for a while, but I am a little curious about Discover. Last year, I was approved for an IT card with a limit of $5,000 but I closed the account when I got an email from Equifax on their behalf requesting my income tax information. I felt that it was a little too intrusive, especially since Equifax had a data breach a while back.

Fast forward to 2022, I did the prequalification online just to see what would come back and I was pre-approved for two cards. I didn't pull the trigger because I don't want any new cards right now, but I am curious if the tax returns is standard for everyone who gets approved or it's done randomly for some reason. Thank you for any feedback.

I have gotten it at least TWICE ... in 2019 (almost a year of having the card) and then when I got my second Discover card in 2021.

I don't recall what might have triggered it the first time, however, for the second time, I think it was a combination of recently getting a CLI and also getting a second card. Discover had recently bumped the CLI on my first card to 6k, and then the second card got approved for 5k, and shortly after getting the approval, I got the tax verification request.

I do have a high income, I wondered if maybe they thought I was lying? Maybe they do it when income is high? Or who knows? It's just so silly, why not ask for paystubs or bank statements? Not only do I think it's intrusive to ask for our tax documents....but then the AUDACITY of taking forever to verify the data WHILE they have literally FROZEN your accounts. Yep, they take their sweet time and then you CANNOT use your cards. Imagine if you were planning a trip or something and were hoping to use it. PFTTT. I have a love and hate relationship with Discover.

Suzette2 · ‎08-27-2022

@jamerican-girl wrote:
Good morning everyone! I am in the garden and not looking to apply for any more credit cards for a while, but I am a little curious about Discover. Last year, I was approved for an IT card with a limit of $5,000 but I closed the account when I got an email from Equifax on their behalf requesting my income tax information. I felt that it was a little too intrusive, especially since Equifax had a data breach a while back.

Fast forward to 2022, I did the prequalification online just to see what would come back and I was pre-approved for two cards. I didn't pull the trigger because I don't want any new cards right now, but I am curious if the tax returns is standard for everyone who gets approved or it's done randomly for some reason. Thank you for any feedback.

No. I got a card after preapproval. No further docs. Then my husband got one and I'm an AU. No further docs.

6/20 :

12/22 :

Discover Pre-Approval/Income Tax Documents

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Discover Pre-Approval/Income Tax Documents