What are my approval odds?

Anonymous · ‎02-04-2017

Credit Card application for Discover It for Students. Really want to take advantage of those 5% rotating categories.

Credit score according to CreditKarma: 709

Credit history: 6 months

On-time payment: 100%

Derogatory remarks: 0

Number of open accounts: 1

Numner of hard inquiries: 4 (a lot, I know)

Income: $3k/year––full-time student at the moment.

What are my chances?

Anonymous · ‎02-04-2017

Welcome to the board. 3K a year will likely do you in.. What is the credit card you have and do you have scholarships?

Anonymous · ‎02-04-2017

Just beacuse of the fact that the card is offered just for students and the fact that you have a decent credit score, I would say that your odds are on the high side. How high...can't answer that. Good luck though!!

Anonymous · ‎02-04-2017

@Anonymous wrote:
Credit Card application for Discover It for Students. Really want to take advantage of those 5% rotating categories.
Credit score according to CreditKarma: 709

Credit history: 6 months
On-time payment: 100%
Derogatory remarks: 0
Number of open accounts: 1
Numner of hard inquiries: 4 (a lot, I know)

Income: $3k/year––full-time student at the moment.

What are my chances?

Slim to none.

And forget CreditKarma when it comes to scores.

Anonymous · ‎02-04-2017

Why do you say slim to none?

I feel like the Discover Student card is for college students with a very thin file/no credit history, but if you advise me to wait, I will certainly do so. I went to the Discover "find my offer" page and it pulled up the discover it chrome for student card, if that adds any insight.

My current card is the Amex Schwab credit card.

Anonymous · ‎02-04-2017

@Anonymous wrote:
Why do you say slim to none?

I feel like the Discover Student card is for college students with a very thin file/no credit history, but if you advise me to wait, I will certainly do so.

My current card is the Amex Schwab credit card.

Didn't mean to sound sarcastic, I dropped my Coca-Cola all over my desk and had to answer quick.

4 inquiries is nothing. Don't worry about inquiries. If your gut is telling you to go for it, do it.

Inquiries are a short term, and there is no way to avoid them.

Anonymous · ‎02-04-2017

@Anonymous wrote:
@Anonymous wrote:
Credit Card application for Discover It for Students. Really want to take advantage of those 5% rotating categories.
Credit score according to CreditKarma: 709

Credit history: 6 months
On-time payment: 100%
Derogatory remarks: 0
Number of open accounts: 1
Numner of hard inquiries: 4 (a lot, I know)

Income: $3k/year––full-time student at the moment.

What are my chances?

Slim to none.

And forget CreditKarma when it comes to scores.

You should find out what your FICO scores are.

Anonymous · ‎02-04-2017

@Anonymous wrote:
Why do you say slim to none?

I feel like the Discover Student card is for college students with a very thin file/no credit history, but if you advise me to wait, I will certainly do so. I went to the Discover "find my offer" page and it pulled up the discover it chrome for student card, if that adds any insight.

My current card is the Amex Schwab credit card.

Did you have the same income when you got that card? If so, I would say you have a chance.

Anonymous · ‎02-04-2017

Update: I found my official FICO score through Experian: 712.

I applied. Next screen asked for proof of enrollment, so I submitted a copy of my official transcript. Got this message: "Please allow 5-7 business days to process your application. We'll call if we have any questions."

Anonymous · ‎02-04-2017

I received that message the second time applied. I started a chat session and was approved during chat. Good luck!