Discover card getting more lenient with approvals?

[Anonymous]

 oh, and i was "preapproved" for the card and they gave a firm APR after the intro APR, dont know if that matters....

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@Anonymous wrote:

I pretty much PIF on all my Cards, except with my newly opened Chase freedom unlimited, made a decent sized purchase using the 0% intro APR and even then im paying like 7x the minimum.

As far my DTI, according to my crude calculations, im at anywhere from 30-37%? idk

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[Anonymous]

Disco has been putting people in the naughty corner for 3 months after opening a recent account. I couldn't prequal for a second Disco because I had opened a card in February. As soon as May came around, so did my prequal. 

I figured that was only for second cards though. 

[alain4957]

Did you try Recon?

[Anonymous]

Disco isn’t really known for recon.

[Anonymous]

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@alain4957 wrote:

Did you try Recon?

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yea i called the recon line from the forum and the agent basically told me nah

Discover- "it doesnt meet our lending requirements. We want to see more payments from those new accountsthat were opened in the past 24 months" 

me- "ok you want to see payment history? doesn't your report show my avg 6 year account history and all the payments ive made with them? and how i pay in full all my statements all those accounts i made within the last 24 months?" 

Discover-"yea we see them."

Me- "so you have an extensive payment history on me, but you denied me cause you want to see more payment history on recent accounts..."

Discover- "uh yes"

Me- "ok a little bull**bleep** but okay. have a nice day"

Discover- "I will leave some feedback as it seems you are dissatisfied with the outcome sorry i couldnt help"

Me- "okay cool, bye"

Conspiracy theorist in me says they saw my amex everyday pref with 25k limit and chase card with 11.5k limit still in the 0% APR timeframe and figured i wouldnt use their card. 

[CreditCuriosity]

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@wasCB14 wrote:

Scores don't exist in a vacuum. On an earnings call about a year ago, DFS management expressed optimism about low CC default rates given low unemployment.

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low unemployment doesn't mean low default rates being a direct correlation.  If people choose to overspend they will overspend and either end up in a CO or a BK or at best a structured payment plan.  Millionaire can declare bankruptcy as they simply live beyond their means.

Yes Discover likes thin files or rebuilders, they certainly arent a hard card to get and usually people that are rebuilders or have thin files or little available credit at time of approval usually get the bigger limits with them as many data points tend to show.  They appear not to care about income either nor scores really just the potential for profit from alot of swipes or more-so hoping people carry balances and pay interest.

Would love to see the average FICO score for a discover holder vs. say BofA or Citi, bet there is quite a difference, but doubt that information is public.

[Remedios]

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@Anonymous wrote:

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@alain4957 wrote:

Did you try Recon?

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yea i called the recon line from the forum and the agent basically told me nah

Discover- "it doesnt meet our lending requirements. We want to see more payments from those new accountsthat were opened in the past 24 months" 

me- "ok you want to see payment history? doesn't your report show my avg 6 year account history and all the payments ive made with them? and how i pay in full all my statements all those accounts i made within the last 24 months?" 

Discover-"yea we see them."

Me- "so you have an extensive payment history on me, but you denied me cause you want to see more payment history on recent accounts..."

Discover- "uh yes"

Me- "ok a little bull**bleep** but okay. have a nice day"

Discover- "I will leave some feedback as it seems you are dissatisfied with the outcome sorry i couldnt help"

Me- "okay cool, bye"

Conspiracy theorist in me says they saw my amex everyday pref with 25k limit and chase card with 11.5k limit still in the 0% APR timeframe and figured i wouldnt use their card. 

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So, no. They dont have extensive payment history on those new accounts. They are barely 3 months old. 

That's the whole thing about new accounts, they make a customer appear either desperate for credit or chasing subs/padding utilization. 

Your experience with Discover is not specific to them, it's becoming more and more prevalent amongst lenders. 

More than likely, you'd get same response from Chase, Cap One, Barclay, US Bank etc. 

If you really want this card, stay app free for a while. 

[Anonymous]

Using foul language when talking with the analyst probably isn't the best idea. These companies notate what customers say to them and if there's anything like permanent abuse notes like we had at Comcast, your social security number will forever be listed at Discover as someone who is temperamental or even abusive (depends on the opinion of the rep putting the notes in). Regardless, it’s not the rep’s fault and they don’t deserve to get hit with any foul language.

I have been shot down for new accounts by both PenFed and US Bank and Synchrony keeps listing new accounts for reasons for my CLI denial on PayPal. New accounts are new risk, it's not personal or anything that needs to have a conspiracy theory behind it, it’s business.

[Anonymous]

This is interesting because I got approved recently for the It via prequal for $1,000 SL as well. Scores in sig.

Baby momma who is in the 700s now was denied. Considering how much better her profile is than mine, I found it interesting. I do have higher income but don't think that has a lot to do with it. 

I also got 11 new cards in the last 2 years, along with 2 new auto leases. Each bureau still shows between 7-10 inquiries.

DTI is like 20% iirc and all my cards report 0 except 2-3 - my balance transfer card from NFCU, amazon store card and my daily use card (which is now the Disco).

Interestingly enough I applied for credit at Best Buy and was denied for number of inquiries...

[Anonymous]

Congrats OP on the approval. However, this may end up being one of those cards that are "stuck" at low limits even after your score improves.

Especially with 8 other new accounts at $1K each. It's not always advantageous to just app because the issuer may seem easy. There is a bigger picture to consider. Probably should have stopped at 4, and tried to grow them before adding more.