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Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

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hopefulonel
Established Member

Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

Hi everyone,


Today, I was approved for the Discover It Cashback card. Smiley LOL This is my first card as I begin to improve my income and credit profile over the next 5 years. My goal is to pay off over $52,000 in debt, buy a house, and have high 750+ scores.

 

About today's approval:

$1250 starting limit

Pre-approved on Discover's site. This is my first time actually being preapproved. I think I had too many inquiries previously.

Income under $38,000

Over 40% utilization (I know! This is a work in progress. Two debts will be paid off this month)

One late in October 2017 

FAKO creditkarma scores: 632 TU & 605 with 1 inquiry Equifax with 3 inquiries

Mostly store cards

 

Going to garden until the fall. I'm looking to get another prime card by year's end.

In the garden until July 2022!
13 REPLIES 13
Anonymous
Not applicable

Re: Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

Congratulations!
Message 2 of 14
pinkandgrey
Senior Contributor

Re: Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

Congrats! That’s an awesome card and the best part is that you’ll never “outgrow” it. You’ll have that one forevah lol 

Discover It: 21.5k
Amex Cash Magnet: 18k
Fidelity Visa: 13k
Apple Card: 4.25k
Message 3 of 14
tbque
Valued Contributor

Re: Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

Congrats on the new card with Disco and good luck with your rebuild!





Message 4 of 14
calyx
Super Contributor

Re: Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

Congrats!

Happy practitioner of AZE7or8or9or10 | Team Finances > FICO
Message 5 of 14
M_Smart007
Legendary Contributor

Re: Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

"My goal is to pay off over $52,000 in debt, buy a house"

 

Those are some great goals & And Congrats on that new card!!!

Message 6 of 14
hopefulonel
Established Member

Re: Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

Thanks for the love, everyone! It feels good to have a new big girl card. Smiley Embarassed

In the garden until July 2022!
Message 7 of 14
Marz2002
Senior Contributor

Re: Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

YOU...

awesome congratulations GIF by Slanted Studios

CONGRATULATIONS , from one Rebuilder to another, on your Approval and Welcome to the Disco family!!!

AMEX BCP $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $15.2K | Citi Rewards WMC $15.5K | Citi Costco VS $12K
Citi Custom Cash WEMC $7.8K | Synchrony (PayPal Credit $6K, Care Credit $15K, & PayPal 2% MC $10K, VENMO VS $6.5K)
PNC Cash Rewards VS $10.5K | NFCU cashRewards VS $14K | NFCU More Rewards AMEX $37.5K | NFCU Flagship Rewards VS $23K
Discover IT $22.5K | BB&T Cash Rewards $4.5K | Macy's AMEX $25K | Bloomingdales AMEX $20K | Apple Card WEMC $9K
PenFed Power Cash Rewards VS $7.5K

Total CL - $284K+
Message 8 of 14
Anonymous
Not applicable

Re: Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

Congrats in moving from the siding and back into the main stream. From time to time you may see your credit achievements plateau ... have the faith as it is all about the journey and it will respond positively. Took me a long time, I learned afterwords from people providing information to sites such as this, a person may be able to improve on the time it takes to move up!

Message 9 of 14
19eighty5
Senior Contributor

Re: Approved! Discover IT Cashback - Low income, rebuilding, mostly store cards, high utilization

Congratulations!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Sept 2022):EX- 706, TU- 685, EQ- 684
What's in my wallet:


Message 10 of 14
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