$6,500.00 SCL / 14 months 0% APR
Earlier today Capital One Quick Silver -- where I have a $3K CL -- declined (again, for the 2nd time in a 12 months) a CLI and gave me a “too low usage” as a reason. A nonsense I tought given that I've been spending, and paying in full, over 70% of the CL. (granted only for the last three months) so I got angry and, basically, jumped the gun too early with this application.
Why? Last month my score dropped 20 points for I've taken a 60 months personal loan with the WF. This month my score dropped further 44 points for the overall debt use ratio has increased to 25%. (a 64 points total drop, to 683 from 747) I went to check my free score on Discover, saw 707 and still, irrationally and uncharacteristically, fuming over the Cap1 denial, applied for the card.
The system asked me to provide a full bank's statement and advised me to contact them so they could "immediately" check the application. I did it over the Chat, answered a few questions and that was it.
Happy for I wanted to diversify my portfolio of CCs with Discover anyway. This is what I have at the moment:
$3,000.00 Capital One Quick Silver
$4,000.00 Wells Fargo Propel
$4,200.00 Wells Fargo Platinum
$6,500.00 Discover It Blue
$10,000.00 Capital One Venture
AMEX Platinum
(12% utilization)
Congrats and welcome to the Disco Family. Cap1 has tighten the purse strings for a while now.It is what it is. Enjoy!
Congrats on the Disco approval!
Congrats on the disco. It will grow and doesnt take three HPs to get in.
Congratulations on your Disco approval! Nothing feels better than getting a new credit card approval. It's like Christmas in June!
