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Discover Approval but I dont think I want it now..

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Regular Contributor

Discover Approval but I dont think I want it now..

Hey, I came out of the garden and app'd 2 cards, one was Navy Fed Platinum. Ive been wanting to build with Navy so I figured Id throw a few balances I was going to PIF just to throw some stuff their way. 0% intrest 12 months and no balance transfer fee on a ne 15k card.. Anyway I also figured I would app for Disco. They approved me for 1k... I have an Amex @ 16.5k a Citi @ 15.5k and now This Navy @15k. I feel like telling Discover thanks but no thanks. Whats your guys thoughts? Will it still show as an account on my History?



Gardening till: Oct 1st 2019!
Huntington Voice 7.5k | Citi Costco 15.5k | Sync JCP 6k | Amex ED 16.5k | Sync Napa Car Care 5k | Chase Amazon 3.5k | Care Credit 7.2k | Amazon Store card 6k | Amex BC ED 3k | Cap 1 QS 1k | Cabelas 1k| Discover 2.5k | |Navy Fed 1.5k | Navy Fed Plat 16.5k | Home Despot 1k| Game Stop 1.25k|
Message 1 of 21
20 REPLIES 20
Super Contributor

Re: Discover Approval but I dont think I want it now..

The account and inquiry will show up.

 

With Discover, it is all about the offers. Did you get cashback match 1st year? If so, 10% on groceries (now), gas (Q2) and restaurants (Q3) can't be matched anywhere.

 

 

Message 2 of 21
Valued Contributor

Re: Discover Approval but I dont think I want it now..

It can and will grow. Just stick with it.
Message 3 of 21
Moderator

Re: Discover Approval but I dont think I want it now..

Your decision OP, but I would agree with the others. Often times people quantify their 'higher' SLs like a castle on a hill and either feel slighted or ego-bruised for getting approved for something lesser than expected. Sometimes that's just how things turn out.

Bottom line, they're all loans on plastic and Discover can potentially grow. There was likely a reason why you applied for it in the first place. Personally, I would stick with it, but you do what's best for you.
Message 4 of 21
Regular Contributor

Re: Discover Approval but I dont think I want it now..

I believe that I got the cash match, I cant find it though in the documentation that came with the card. There also appears to be 0% intro APR on it.



Gardening till: Oct 1st 2019!
Huntington Voice 7.5k | Citi Costco 15.5k | Sync JCP 6k | Amex ED 16.5k | Sync Napa Car Care 5k | Chase Amazon 3.5k | Care Credit 7.2k | Amazon Store card 6k | Amex BC ED 3k | Cap 1 QS 1k | Cabelas 1k| Discover 2.5k | |Navy Fed 1.5k | Navy Fed Plat 16.5k | Home Despot 1k| Game Stop 1.25k|
Message 5 of 21
Valued Member

Re: Discover Approval but I dont think I want it now..

Hope on chat and tell them that you were trying to do a balance transfer and that the 1k limit will make your utilization high and is there anything they can do to increase the limit so you can do your bt. Don’t know your profile but it worked for me.
Message 6 of 21
Senior Contributor

Re: Discover Approval but I dont think I want it now..

Congrats on your approval !!!!!

 

8-2019 / Fico 8 EX 8013 , EQ 8016 , TR 810
Amex ED 22k , CSP 17k , Discover iT 12.5k , Fifth Third Bank S2C 12k , BofA Cash Rewards 10k , Avianca Vida 10k , State Farm Good Neighbor Visa 10k , Citi DD 6k , Union Bank Rewards 5k
Message 7 of 21
Valued Contributor

Re: Discover Approval but I dont think I want it now..

Discover is a keeper card with SP CLI requests.  Don't close it.

 FICO 8
Message 8 of 21
Moderator

Re: Discover Approval but I dont think I want it now..

As @FinStar eluded egos certainly get hurt with discover and I am one of those.. Although my scores are in the 800's and have credit cards with limits up to 50k and average around 20kish Discover gave me a 5k approval last time.  Does it suck yep sure does I just accept I still am not their target audience and use them for their double cashback on 5% cats only.  Card is up to 10.5k now through combination, but still very low to others with what I wonder how they got say a 12k instant approval by discover, but it is just how they work.  I haven't got a CLI going on 6 months now either and it truely makes me mad, but i it is just business to them and they know I won't use much of the CL that I already have when approved and now they SP me and see what kinda available credit I have and must not think I need more as the risk isn't worth the small reward to them is how i see it.  Just business although they certainly do raise my blood pressure trying to figure them out Smiley Happy

Message 9 of 21
Regular Contributor

Re: Discover Approval but I dont think I want it now..

Turns out the congrats was a bit early, I took Aladdinn22 's advice and  walked out with a rescinded offer by discover and an account review on my other card for "potential" fraud... So theres that, new guy looking to impress the Boss? He flipped the script on me when I asked about increasing the credit limit before I activated the card... Im so freaking p******** right now. I moght close my other even if they dont. On the bright side, I got an Amex gold offer with 50 k points on 2 k spend in 3 months.... so I dont know what the heck to do



Gardening till: Oct 1st 2019!
Huntington Voice 7.5k | Citi Costco 15.5k | Sync JCP 6k | Amex ED 16.5k | Sync Napa Car Care 5k | Chase Amazon 3.5k | Care Credit 7.2k | Amazon Store card 6k | Amex BC ED 3k | Cap 1 QS 1k | Cabelas 1k| Discover 2.5k | |Navy Fed 1.5k | Navy Fed Plat 16.5k | Home Despot 1k| Game Stop 1.25k|
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