New to credit 6 months of credit history & I need some advice on Discover APP

[Anonymous]

So for the last couple months I have been checking the Discover prequlify page. I FINALLY reaceived my Fico scores a couple weeks ago. ranges across bureues range from 713-737 & as high as 741 for the Fico bankcard score. I was recetly approved for the Amex DG card last week with a low limit. I have anywhere from 1-3 INQ on my reports depending on the report. I have very low utilization rate of 2%. And I have never carried a balace. I would like to get my foot in the door with Discover however. The thing that worries me is that on the experian app breakdown it says credit seeking? I do not think I have to many inquiries, just short history. So how how sensitive is Discover? I am prequlified as of right now for the 0% intrest for 15 months then 22.99% APR. 5% back on select purchases and everything else is 1%. The second thing that worries me is that APR rate witch I think is the highest or close to it? Thanks for any help!

[SUPERSQUID]

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@Anonymous wrote:

So for the last couple months I have been checking the Discover prequlify page. I FINALLY reaceived my Fico scores a couple weeks ago. ranges across bureues range from 713-737 & as high as 741 for the Fico bankcard score. I was recetly approved for the Amex DG card last week with a low limit. I have anywhere from 1-3 INQ on my reports depending on the report. I have very low utilization rate of 2%. And I have never carried a balace. I would like to get my foot in the door with Discover however. The thing that worries me is that on the experian app breakdown it says credit seeking? I do not think I have to many inquiries, just short history. So how how sensitive is Discover? I am prequlified as of right now for the 0% intrest for 15 months then 22.99% APR. 5% back on select purchases and everything else is 1%. The second thing that worries me is that APR rate witch I think is the highest or close to it? Thanks for any help!

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Keep in mind the first year you have the Discover card you get 5 pct on the rotating categories plus at the end of the first year they double your cash back for the previous year, so the first year its 10 pct cb for categories and 2 pct for everything else.

[Anonymous]

Right! Witch is why I want it. Any thoughts on my pre-approval actually working in my favor? I signed up for their credit monitoring service a few months ago and when I login now it shows 737 Fico.

[SUPERSQUID]

While prequals are no guarantee i think the Discover prequal is pretty solid, thats how i got my Discover. If it were me i would try.

[Anonymous]

I pullled the trigger. AND I GOT APPROVED! 5k inital credit limit with only 6 months of credit history. Just got my Fico scores last week. In the last week I have added Amex and now Discover. I am so proud!! Weird process though. I pulled the trigger then had to call and the rep approved me with a 5k limit 4-10X higher than any other card witch is crazy!!! I like Discover already!!

[805orbust]

Congrats @Anonymous . I was just gonna tell you to go for it as well. Nice approval! 

[AverageJoesCredit]

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@Anonymous wrote:

So for the last couple months I have been checking the Discover prequlify page. I FINALLY reaceived my Fico scores a couple weeks ago. ranges across bureues range from 713-737 & as high as 741 for the Fico bankcard score. I was recetly approved for the Amex DG card last week with a low limit. I have anywhere from 1-3 INQ on my reports depending on the report. I have very low utilization rate of 2%. And I have never carried a balace. I would like to get my foot in the door with Discover however. The thing that worries me is that on the experian app breakdown it says credit seeking? I do not think I have to many inquiries, just short history. So how how sensitive is Discover? I am prequlified as of right now for the 0% intrest for 15 months then 22.99% APR. 5% back on select purchases and everything else is 1%. The second thing that worries me is that APR rate witch I think is the highest or close to it? Thanks for any help!

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Don't overthink it. If you are prequaled with Disco odds are in your favor for approval. Don't worry about its apr for a) they entertain reductions, b) you have a thin file, and c) pif will negate it

[AverageJoesCredit]

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@Anonymous wrote:

I pullled the trigger. AND I GOT APPROVED! 5k inital credit limit with only 6 months of credit history. Just got my Fico scores last week. In the last week I have added Amex and now Discover. I am so proud!! Weird process though. I pulled the trigger then had to call and the rep approved me with a 5k limit 4-10X higher than any other card witch is crazy!!! I like Discover already!!

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Now , go apply for Surge, Credit One,  Fortiva......the more the merrier!

Just kidding, that's a great limit and great card to start your credit. In 6 months pick up an Amex. Do it right and you won't have to load your profile with surprise cards

[SUPERSQUID]

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@Anonymous wrote:

I pullled the trigger. AND I GOT APPROVED! 5k inital credit limit with only 6 months of credit history. Just got my Fico scores last week. In the last week I have added Amex and now Discover. I am so proud!! Weird process though. I pulled the trigger then had to call and the rep approved me with a 5k limit 4-10X higher than any other card witch is crazy!!! I like Discover already!!

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CONGRATS!!!!!

Great cc

[Remedios]

Congratulations on your approval. This thread is closed for additional messages, feel free to start an approval thread if you wish to do so.