@Remedios wrote:
@Anonymous wrote:Pre approved with disco for the Cashback It and Chrome. 23% variable APR on both. Dont love that. My current UTI is 11% and zero negatives on a thick file. Interested in an emergency higher limit card than a couple $5k's i have and disco seems to be generous + cli's. i havent applied for a card in 3 years. FICO8 has EQ-758 TU-733 and EXP-733. My question is my UTI will reflect 2% after a paid down card reports on the 10th. This preapproval says its good until the 14th. Should i wait? Higher limit and better APR?
Myfico simulator says EQ would be 808, TU 783 and EXP 773 with uti at the 2%. Mid/high six fig income. Also prequaled for the chase freedom unlimited, freedum, and CSP(bank with chase and SW card currently). Amex said they had nothing for me..
Thanks for any input in advance.
Disco wont care about 11% . If you have a lot of available credit, they may not be as generous as you think, because that makes it obvious card wont see heavy use outside of 5% categories.
No one knows with Disco, really.
Very true! +1 this post!
You may even want to think about letting higher util report before applying for Disco... they are known to be "big" on balance transfers so perhaps if they see some more util, they will feel more inclined to approve a higher limit with the potential for your to BT with them? As mentioned above, it's a guessing game with them. Both sides have a valid argument.
Just my 2 cents -- I feel like based on what I've read on these forums for Disco approvals, it seems that the better your profile, the less your SL will be. Otherwise, how are they going to make money from you?
P.S: I was just approved for a $7K SL with Disco, also 2 preapprovals, 25% APR after 14 mos 0% on purchases & BTs. Reporting 32% util at the time of app and 664 equifax (which they pulled). The APR is irrelevant to me though.
TU:
EQ:
Congrats on the Disco approval and good luck on the Chase!
