Is there any point in applying for a 2nd Disco card if not prequaled?

[tricklemoo]

As title really- is there any point/hope in getting approved for a second Discover card if the prequal page gives no cards? 

I'm a bit surprised at the lack of anything on their prequal page, if I'm being honest- Discover has liked me enough to give good starting limit and 2 or 3 CLIs, so I assumed they'd be happy to give a second card- my profile is stronger than when they approved me for my first (15 months ago). Current CL on existing Discover card is 16k. There must be something in my profile they don't like in terms of an additional card. But I'm still curious if the prequal is really indicative of actual approval. I suppose there may not be many datapoints for people applying when it doesn't show as prequalified, but thought it didn't hurt to ask in case anyone does have experience or knowledge about this situation. 

[CreditPoor]

My guy you just applied for a 25K loan and was approved followed by a new card 1K limit. Banks are going to limit exposure risks, especially when they see credit seeking behavior. The loan and card generated hard pulls which banks can see. Give it a little time

[CYBERSAM]

No point getting another Discover card to have same as what you got with no additional perks! Specially now that Discover is going to be absorbed by CapOne.

[tricklemoo]

CreditPoor, my question was, do Discover ever approve someone after not showing them a pre-qualify (looking for datapoints or knowledge that this never happens). Instead you responded 'banks are going to look at having a recent loan as credit seeking'. That's nothing to do with my question, and incidently, is not relevant here- Discover pulls Experian, so they can't see any recent inquiries or new accounts at all. From their Experian pull, they see zero new accounts and zero new inquries for over a year. Whatever their reason for prequalifying or not has absolutely nothing to do with my other thread about getting a NFCU loan/cc today, as NFCU pull TransUnion and obviously the new tradeline hasn't been reported anywhere yet.

[tricklemoo]

@CYBERSAM , had no idea about Discover being absorbed by C1?! Do you know if they are going to be maintaining the Discover branding and cardtype, or if its going to be absorbed to the point where Discover as a brand will cease to exist, and cards may be converted to mastercards etc?

My motivation for getting a 2nd Discover is that I need a 0% APR BT card.

[GreatLife]

3 years with Discover IT, in November 2023 obtained a Discover BT without prequal for the 0% 18 month balance transfer (4% fee) + 0% purchase APR. Experian soft pull was 740ish. BT CL is approx 50% of my IT CL. 

[tricklemoo]

Thanks for the datapoint GreatLife. So did you get the balance transfer offer on your existing card Discover card then if I'm understanding correctly- no 2nd card? If so, how did you find/apply for the offer in the first place if it didn't show up as a prequal offer?

Right now, one of my Citi card's is doing a BT offer on that existing card and every time I login, it pops up at me reminding me about it. But if it wasn't doing that, I wouldn't know how to apply for it on an existing card, if that makes sense.

[SUPERSQUID]

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@tricklemoo wrote:

As title really- is there any point/hope in getting approved for a second Discover card if the prequal page gives no cards? 

I'm a bit surprised at the lack of anything on their prequal page, if I'm being honest- Discover has liked me enough to give good starting limit and 2 or 3 CLIs, so I assumed they'd be happy to give a second card- my profile is stronger than when they approved me for my first (15 months ago). Current CL on existing Discover card is 16k. There must be something in my profile they don't like in terms of an additional card. But I'm still curious if the prequal is really indicative of actual approval. I suppose there may not be many datapoints for people applying when it doesn't show as prequalified, but thought it didn't hurt to ask in case anyone does have experience or knowledge about this situation. 

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I got a 2nd Disco a while ago whe it  showed up in the prequal. Back then it was useful because Disco often offered BT's so with two cards I could have 2 regular BT options.

Lately I have read that Cap 1 is in the process of buying Discover so it might have something to do with them not offering BT's lately and perhaps being shy on offering 2nd cards.

[GreatLife]

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@tricklemoo wrote:

Thanks for the datapoint GreatLife. So did you get the balance transfer offer on your existing card Discover card then if I'm understanding correctly- no 2nd card? If so, how did you find/apply for the offer in the first place if it didn't show up as a prequal offer?

Right now, one of my Citi card's is doing a BT offer on that existing card and every time I login, it pops up at me reminding me about it. But if it wasn't doing that, I wouldn't know how to apply for it on an existing card, if that makes sense.

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I went directly to the Discover.com website then clicked on products>credit cards>selected the BT card and cold apped. Input 2 things (think it was my name and last 4 digits SSN), then the system automatically knew who I was and did a soft pull on Experian.

Now I have 2 Discover IT cards - the regular version & balance transfer version.

Both cards simultaneously had 0% balance transfer offers, and I used both for that purpose. The BT version offered an 18 month promo term, the regular version offered 10 & 12 month terms.

Currently I have balances on both cards for the 18 and 12 month promos. My regular IT still shows a 10 month 0% promo is available until the end of April. BT card version doesn't show any available balance transfer offers.

[CreditPoor]

@tricklemoo  your NFCU post literally asks if it's worth applying for another card because the 1k limit they gave you is useless. You then started another thread asking if you'd be approved for another Discover card cold apping because prequal didn't give you any results. That my friend is the definition of credit seeking and my reply still stands. Give it some time.