Discover checking and credit card approval

[Yasselife]

   Hello, 

  I opened a checking account with Discover today; Could this help me establish a relationship with them? I used to have a Discover secured card 2 yrs ago which later upgraded to Discover IT, but I was irresponsible with credit and I highly used other cards(3) up to 75%($10k) on each, so Discover panicked and closed my account of $2,800 limit(no balance). Since then, I have reduced my revolving debt to $6k while I grew my CL simultaneously with the cards I have, and now my overall utilization is at 28%. 
   I received a pre-selected from Discover for a balance transfer card. My scores are in the mid 700s but I still don't think I'm in good shape because it takes more than just scores. The letter doesn't have a fixed apr. I also checked on their soft pull offers and they have nothing for me at the moment.

- I have 4yrs AAoA

- clean file

- 8 revolving cards

- 2 installments 

should I pull the trigger now or wait 90 days for the checking acct to work on their trust? I know Discover is a top notch bank, I'm also considering to apply for a personal loan to consolidate the debt. 
going back to my original question; did I make the right move by opening a checking account with Discover?

[Remedios]

Opening checking account will have no bearing on credit card approval.

Mailer you received is marketing, not a pre-approval. 

You can check their website to see if anything pops up.

Lack of pre-approval doesn't mean you wouldn't get approved, but unfortunately presence of pre-approval doesn't make it a sure thing, especially since they were   closed as a result of AA. 

[Ficoproblems247]

I don't think you necessarily made the "wrong" move in doing so, however in being the bearer of bad news I have to tell you that opening a depository account with them will not improve your chances of being approved for a credit product. I am glad to hear that you have responsibly managed your debt and that you are making great progress. If it were me, I would whittle away at things for a bit longer before pulling the trigger on any more cards. Try and shoot for less than 9% aggregate utilization, and then see what their prequalify tool looks like at that point, it is usually pretty solid. 

ETA: @Remedios typed faster than me!

[Remedios]

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@Ficoproblems247 wrote:

I don't think you necessarily made the "wrong" move in doing so, however in being the bearer of bad news I have to tell you that opening a depository account with them will not improve your chances of being approved for a credit product. I am glad to hear that you have responsibly managed your debt and that you are making great progress. If it were me, I would whittle away at things for a bit longer before pulling the trigger on any more cards. Try and shoot for less than 9% aggregate utilization, and then see what their prequalify tool looks like at that point, it is usually pretty solid. 

ETA: @Remedios typed faster than me!

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When it comes to bearing bad news, no one beats Negative Nancy.

No one! 

[Ficoproblems247]

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@Remedios wrote:

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@Ficoproblems247 wrote:

I don't think you necessarily made the "wrong" move in doing so, however in being the bearer of bad news I have to tell you that opening a depository account with them will not improve your chances of being approved for a credit product. I am glad to hear that you have responsibly managed your debt and that you are making great progress. If it were me, I would whittle away at things for a bit longer before pulling the trigger on any more cards. Try and shoot for less than 9% aggregate utilization, and then see what their prequalify tool looks like at that point, it is usually pretty solid. 

ETA: @Remedios typed faster than me!

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When it comes to bearing bad news, no one beats Negative Nancy.

No one! 

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"Regrettable Remmy" 

[Yasselife]

I will follow your advice on waiting until I get my utilization down to 8.9%.(maybe 6 months)  Are you sure a checking acct wouldn't help? I know it counts for chase and NFCU. 
Thanks 

[FinStar]

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@Yasselife wrote:

I will follow your advice on waiting until I get my utilization down to 8.9%.(maybe 6 months)  Are you sure a checking acct wouldn't help? I know it counts for chase and NFCU. 
Thanks 

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Believe me, they're pretty sure.

Also, having a Chase deposit account bears no guarantees on being approved for any of their CC products, consequential if anything unless you have substantial deposits -- just ask those who are over the 5/24 restriction.  It helps in the sense that you have a customer product relationship, but outside of that, it's profile driven.

[Yasselife]

Do I still have a future with Discover after the AA 2yrs ago? 

[Remedios]

I think so, you didn't cause them loss.

It's only issue of when, hence suggestions you look extra pretty when you decide to try