My friend -
Age 20. Income $30k/year.
Data from Credit Karma:
SCORE: TU = no score. EQ = no score.
INQUIRIES: TU = 4 (includes 1 within last six months). EQ = 2.
ACCOUNTS = PUBLIC RECORDS = COLLECTIONS = 0 on both TU and EQ.
Applied for Capital One Platinum. APPROVED FOR 300.
Applied for Discover it. DENIED. Counter-offer of Joint Applicant. Friend declined it.
Based on friend's experience, if you're looking to build credit from having zero credit, start with Capital One Platinum. Treat the card well, wait for the 6th statement to cut (preferably with 1-9% utilization), then apply for Discover it as a second card. Don't apply for Discover it with no credit history.
Congrats to the friend on their approval. Discover is a picky lender. I have seen some approved with no credit while others are denied. Discover, I thought like thin files but you never know. Congrats.
My brother has better credit than me and make way more and has never been able to be approved for a Discover card.
If your friend was eligible and applied for the Student discover it would be very likely to get it.. ithey will try to use an alternate scoring system to calculate the score... If your applying for the regular discover you need to be generating a score for at least 6 months......id still re-try for the discover in 6 months..
Congrats to your Friend,,,Keep up the great work!!!