cancel
Showing results for 
Search instead for 
Did you mean: 

After Multiple Denials Approved for the DISCOVER IT/ Student Status

mynewcredit
Frequent Contributor

After Multiple Denials Approved for the DISCOVER IT/ Student Status

Got denied the last two time I tried and now that my scores are 10 points more, borderline 560; I got approved for Discover IT.

 

Two things that changed is that I claimed student staatus since I am starting college again this semester(don’t know if that made a difference) I also lowered my rent amount since I am moving to a cheaper place.

 

After my charge offs and collections that add up to 6 after my divorce.

 

I have gotten a self lender loan this past month that will start reporting payments at the end of this month.

 

I reaged my Nordstrom Visa card which is the only real card I still have with a 2k limit which is at 96% util.

 

I also obtained the MyJewelersClub account which helped me with util and raised my scores 84 points in the last month.

 

I heard of how this card graduates and offers great CLI, ready for it.

 

Now my question is what are the Data points for those of you that put 200$/ VS 500$ deposit what type of CLI did you get at graduation? My goal is to have all of my collections paid off by graduation date. Scores should be in the mid to late 600’s by then.

 

I am not getting any other cards as I will start getting ready to buy a house after this. This is such a booster and validates that I am on track.

 

From Denial to approval only a matter of time.


July 2019 464-540
July/2019 Equifax-490 to 521 TransUnion-521 to 528 Experian-521 to 540
Current/2019 Equifax-555 (ck) TransUnion-556(ck) Experian-558
Mortgage Scores: Sept/2019 Equifax-Fico5 xxx TransUnion-Fico4 xxx Experian-FIco2 xxx
First Goal 580 by Oct/19 Second Goal 600 by Nov/19 Third Goal 620 by Dec/19 Goal Score:across the board 690+


8 REPLIES 8
CreditRebuilder2020
Frequent Contributor

Re: After Multiple Denials Approved for the DISCOVER IT/ Student Status


@mynewcredit wrote:

Got denied the last two time I tried and now that my scores are 10 points more, borderline 560; I got approved for Discover IT.

 

Two things that changed is that I claimed student staatus since I am starting college again this semester(don’t know if that made a difference) I also lowered my rent amount since I am moving to a cheaper place.

 

After my charge offs and collections that add up to 6 after my divorce.

 

I have gotten a self lender loan this past month that will start reporting payments at the end of this month.

 

I reaged my Nordstrom Visa card which is the only real card I still have with a 2k limit which is at 96% util.

 

I also obtained the MyJewelersClub account which helped me with util and raised my scores 84 points in the last month.

 

I heard of how this card graduates and offers great CLI, ready for it.

 

Now my question is what are the Data points for those of you that put 200$/ VS 500$ deposit what type of CLI did you get at graduation? My goal is to have all of my collections paid off by graduation date. Scores should be in the mid to late 600’s by then.

 

I am not getting any other cards as I will start getting ready to buy a house after this. This is such a booster and validates that I am on track.

 

From Denial to approval only a matter of time.


Smiley Indifferent

 

Reaged that Nordstram card ..... but pay that sucker down! 

 

Congrats on the approval and work on zeroing out anything you've got left on balances and those scores will go way up. Discover is very finicky with graduation and CLI's. Mine took 18 months before it graduated even though my scores were well into the 650's with my EX FICO, TU was a bit lower  but still. 

 

Then I hear others who get graduated after 6 months and immediately get bumped up to $1000. It's a crap shoot. 


AMEX Gold / Apple Card $1500 SL / Home Depot CC $3K/ Discover IT Chrome $2K SL / PayPal MC $2K /
BOA BankAmericard $2K / BOA Cash Rewards $1000 / Cap One Savor One $1200 / Cap One QS1 - $850 / Blaze MC $1750 / Credit One $850 / OpenSky $500 / AvantCard $500 / Discover IT Cash Back (Graduated Secured) $200 CLI to $400 / EBAY MC $300
Jan of 2017 Credit Karma: 404 -SEPT OF 2018: EX 652 EQ 626 TU 604
AUGUST OF 2019 1% UTL - EX 681 EQ 667 TU 659
Total Credit Limit: $21500 -
Goal Score: 675 for all FICOS (ACHIEVED EX)
NEW GOAL SCORE: 725 for ALL FICOS
CURRENT MAY of 2021: EX 692 EQ 696 TU 706
Message 2 of 9
AverageJoesCredit
Mega Contributor

Re: After Multiple Denials Approved for the DISCOVER IT/ Student Status

CongratsSmiley Happy Put a small recurring charge on it and pif and concentrate on lowering your cc debt. Work on your baddies and things will get better. Best of luckSmiley Happy
Message 3 of 9
Remedios
Moderator

Re: After Multiple Denials Approved for the DISCOVER IT/ Student Status

Congrats on your approval 

Message 4 of 9
gdale6
Moderator

Re: After Multiple Denials Approved for the DISCOVER IT/ Student Status

Grats on the Discover card Smiley Happy

Message 5 of 9
1hotcat
Contributor

Re: After Multiple Denials Approved for the DISCOVER IT/ Student Status

CONGRATS ON YOU APPROVAL !!!!

 

Did you go the pre qualify site 1st ? 

 

Everytime I go thru the pre qualify it tells me that I have no offers most because the new accounts in my siggy . I wonder does Discover regconize the secure card as a offer versus the other non-secure cards . I just want to get in with the family . 


Starting Scores:




Starting Score: 500
Current Score: 659
Goal Score: 700 (All 3 Bureau's) June 2021


Take the myFICO Fitness Challenge
The 1st stone looks just like a stone until one day you realize that you put one on top of the other and now it's a skyscraper .  

Message 6 of 9
mynewcredit
Frequent Contributor

Re: After Multiple Denials Approved for the DISCOVER IT/ Student Status

Yes the pre-approval for the secured was through the pre-qual. hang in there as this was my third try. i allowed my acounts and payment history to age beyond six month and ny score increased when added myself to my dad’s card as an au, so that combined with the details above did it.


July 2019 464-540
July/2019 Equifax-490 to 521 TransUnion-521 to 528 Experian-521 to 540
Current/2019 Equifax-555 (ck) TransUnion-556(ck) Experian-558
Mortgage Scores: Sept/2019 Equifax-Fico5 xxx TransUnion-Fico4 xxx Experian-FIco2 xxx
First Goal 580 by Oct/19 Second Goal 600 by Nov/19 Third Goal 620 by Dec/19 Goal Score:across the board 690+


Message 7 of 9
StartingStrong
Frequent Contributor

Re: After Multiple Denials Approved for the DISCOVER IT/ Student Status

Congrats on your approval!

Message 8 of 9
M_Smart007
Epic Contributor

Re: After Multiple Denials Approved for the DISCOVER IT/ Student Status

Congrats on your new Disco it card!

Message 9 of 9
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.