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Discover pre-approved

funkybuddha
Valued Member

Discover pre-approved

I tried the Discover pre-qualify, and this is what came back. It says pre-APPROVED. Does that mean it is nearly guaranteed to get a new card? If so, would it be a hard pull, or maybe just a soft pull? 

Terms are the same for all, 0% for 14 months,  then 20.99% fixed. Is that decent or at least not horrible? Would any one be a standout over the others?

 

Screenshot_20210228-024600_Chrome.jpg

 

Message 1 of 6
5 REPLIES 5
CreditSweeper
Established Contributor

Re: Discover pre-approved

Discover pre-approvals are usually pretty solid. It would be an HP to apply. 

Personal Credit -
AMEX: Platinum, Gold, Green, Blue Cash Preferred
PNC: Cash Rewards, Points
BOA: Cash Rewards
NFCU: Flagship Rewards, Cash Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome, IT
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
PenFed: Power Cash Rewards, Platinum Rewards
Alliant: Visa Signature
Goldman Sachs: Apple Card
BBVA: Clear Points
FNBO: Rewards
Store Cards: Target, Macy’s



Business Credit-
AMEX: Delta Gold, Amazon Prime, Simply Cash Plus
PNC: Visa Business
Synchrony: Lowes
Message 2 of 6
Ficoproblems247
Valued Contributor

Re: Discover pre-approved

+1. Disco is never a SP, but should only cost you 1 HP. Nothing is ever 100% certain, but as was stated their pre-approvals are pretty trustworthy. They're a good lender to have, and potential for growth after your first year with your card.  


FICO 8 Apr '21: EX 751 EQ 746 TU 743
"Friends don't let friends earn 1% cash back."
Message 3 of 6
funkybuddha
Valued Member

Re: Discover pre-approved

Good to know they are pretty solid on pre approvals.

 

I do already have a Discover.  First got it mid 2018, with a limit of $600. Took almost 2 years before they would give me a CLI. Its grown since then, and is currently at $2300. 

 

I am just hoping that as my credit has improved,  I could get a card with a much better starting SL, better terms, and better benefits. 

Message 4 of 6
Ficoproblems247
Valued Contributor

Re: Discover pre-approved


@funkybuddha wrote:

Good to know they are pretty solid on pre approvals.

 

I do already have a Discover.  First got it mid 2018, with a limit of $600. Took almost 2 years before they would give me a CLI. Its grown since then, and is currently at $2300. 

 

I am just hoping that as my credit has improved,  I could get a card with a much better starting SL, better terms, and better benefits. 


That APR looks pretty high. Adding another card does not always equate to a better approval. Not trying to rain on anyone's Disco parade, just being realistic. Sometimes they give more generous limits on the second card, or you may end up with a $500 SL and a 4506T request. They're an odd duck sometimes. 


FICO 8 Apr '21: EX 751 EQ 746 TU 743
"Friends don't let friends earn 1% cash back."
Message 5 of 6
funkybuddha
Valued Member

Re: Discover pre-approved

Yeah, I don't expect anything is a given.  Discover is def odd, they were with CLI for me. Having done some reading, it seems not uncommon for them to get you a starter during a rebuild and it just is never meant to grow much.  But then after improving you can be eligible for another, better card. Figured that isn't be the case with me.

 

I also did pre-qualify with AMEX. A few weeks ago they had cards that they offered.  Delta Sky Miles, a cash magnet,  and something else. Now today it is Gold charge with PoT, a green charge, and Hilton Honors. These seem like better cards than before, so I feel like I  am improving 

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