What should I do with my IT?

907grown · ‎11-04-2014

Approved for Discover IT in September with a 1200.00 limit and no introductory rate, 22.99% on all purchases. My question is, should I close this card and reapply in a year or so when I am in the 700+? Not sure if I would not qualify for the introductory rate if I've had the card in the past.... Got the 1200 on recon..... Please advise!!

Starting Score: 460
Current Score: EQ 764, TU 764, EX 740,
BOA AK AIR 30,000, Discover IT 6300, Freedom 25,300, Barclays RMC 15,660, Ring 15,000, BCE 15,000, QS17,000,AARP 15,000, ChaseFU 8,000,AND A LOT MORE!

Anonymous · ‎11-04-2014

Call the automated number and see if you can get an SP CLI. Good luck!

907grown · ‎11-04-2014

@Anonymous wrote:
Call the automated number and see if you can get an SP CLI. Good luck!

Not worried about limit, just happy to get a card with them. I know CLI's will come with time, just wondering if I close it now, does anyone know if I can reapply and get the 0% introductory rate in the future, say 6-12 months.

Starting Score: 460
Current Score: EQ 764, TU 764, EX 740,
BOA AK AIR 30,000, Discover IT 6300, Freedom 25,300, Barclays RMC 15,660, Ring 15,000, BCE 15,000, QS17,000,AARP 15,000, ChaseFU 8,000,AND A LOT MORE!

Chris679 · ‎11-04-2014

Why not keep the card open then get another card in 6-12 months with 0%? That's what I would do. You will be able to lower that APR and get CLI over time from Discover no problem,

HenryJumbo · ‎11-04-2014

@907grown wrote:
Approved for Discover IT in September with a 1200.00 limit and no introductory rate, 22.99% on all purchases. My question is, should I close this card and reapply in a year or so when I am in the 700+? Not sure if I would not qualify for the introductory rate if I've had the card in the past.... Got the 1200 on recon..... Please advise!!

This strategy doesn't sound like a good one. You might have to change how you view credit.

	Starting Score: EX: 736 FAKO \| TU: 757 FICO \| EQ 730 FICO Current Score: EX: 736 FAKO \| TU: 750 FICO \| EQ 730 FICO Goal Score: EX: 750 FICO \| TU: 750 FICO \| EQ: 750 FICO
	In my wallet: $16,000 $8,000

SunriseEarth · ‎11-04-2014

@Chris679 wrote:
Why not keep the card open then get another card in 6-12 months with 0%? That's what I would do. You will be able to lower that APR and get CLI over time from Discover no problem,

+1. There's tons of cards that offer 0% intro rates. Better to do that instead of churning Discover for one.

taxi818 · ‎11-05-2014

@907grown wrote:
@Anonymous wrote:
Call the automated number and see if you can get an SP CLI. Good luck!
Not worried about limit, just happy to get a card with them. I know CLI's will come with time, just wondering if I close it now, does anyone know if I can reapply and get the 0% introductory rate in the future, say 6-12 months.

Well to be frank. Looks like they are trying different approach now. Instead of 0% apr. They are now giving cash as sign up. Unless your social change I'm pretty sure even if you close and reopen they will not give bonus. So just keep it as others said. Otherwise everyone would be closing and re applying all the time. Good luck