Discover Preapproval?

[tcbofade]

DW now has TWO different Discover it prequal offers... both with firm interest rates, not ranges.

Does that mean that she's ACTUALLY preapproved?

No prequals from Citi or Chase... yet. 

[LCC_mk14]

I would say she has a great chance! Mine were that way and came out approved without a HP, so seems no harm no foul

[Awesomemom32]

I agree. I was recently pre-approved for the Discover IT and Chrome cards with solid APR's. Not the best terms but I decided to app for the IT and I was instantly approved with no hard pull. 

The odds are definately in her favor so if it's a card that will be of use to her I would say go for it. 

[Anonymous]

Looks like she has a pretty good chance. Do both offers have the same terms?

[AverageJoesCredit]

Thats great Tcbo, if its on their prequal site, id say odds really good. Maybe shell get the 10k sl and we can start using Discover Airways

[Anonymous]

I just checked the Discover prequal site a few minutes ago myself (having checked last month to see what might come up and having been turned down), and got single-figure preapproval offers for two versions of the Discover IT, the 14-month zero-APR version and the 6-month zero APR/18-month zero APR on balance transfer version. Offer is valid until next Thursday so I have a bit of time to think about it. It's rather curious that I got a preapproval considering that I applied for a CLI on my current Discover IT earlier this morning but was turned down. If I do take this and get definitely approved, I'll probably use the rewards on my older card and then close it after payoff if I can't combine the older card with the new one.

[Anonymous]

Prior to finally applying for my Discover Card I had been getting multiple weekly mailers (typically with an APR “range”) and prequals on their site with a low, firm APR. I found it to be solid as I applied and was instantly approved with an $11K SL. Discover prequals with a firm APR certainly appear to be fairly solid. If she apps, please let us know the outcome and any data points yall are willing to share. Good luck!

[Anonymous]

Hello! I was just preapproved on their website, it'll be a SP?

[Anonymous]

---

@Anonymouswrote:
Hello! I was just preapproved on their website, it'll be a SP?

---

What terms did you get? If it's a single-figure APR at a decent rate, and you believe you need/can use a Discover, think about it. You might or might not be hard-pulled when you go to the actual application; it seems to vary from person to person. As I noted yesterday, I got preapprovals for two versions of the Discover IT; I'm going to run the preapproval routine again early next week once new payoffs have reported which should boost my scores another point or two at least.

[tcbofade]

Approved!

It's her 2nd discover IT card.  $5,500 starting line.

They pulled her Equifax Fico 8 score which was 674.  roughly 40% utilization, no baddies.