Discover It after bankruptcy

[Anonymous]

My bankruptcy was discharged almost two years ago. Since then I've opened 3 credit cards : credit one 300
Capital One Quicksilver one 1550 and newly upgraded Capital One Quicksilver from Platinum 750. According to credit karma I had fair approval odds for Amex everyday blue cash. So I applied and got denied because of bankruptcy. My fico now is a 620 and all other scores are around 635. I just did the discover prequalify tool and it didn't not say that i pre qualified. It also didn't say there were no offers. Instead the Discover it card popped up being compared to a capital One Quicksilver with all the features. Should I apply? I'm so nervous, because of my denial from Amex. Before the Amex app I didn't apply for credit for almost a year. I also plan to finance a car next month with the help of capital One Auto Navigator. Should I wait until financing is done? I'm really in no rush. I just want more credit lines to boost my score past the 650 mark.

[CreditCuriosity]

Disocver tends to like people out of BK's from the 100's of posts I have read on this forum with BK approvals w/regards to Disocver.. Maybe it is because they can't file again for x years or they think a person will be loyal..  Alot of very good success stories about Dsiccover approving out of BK usually about 8 months to a year after discharge.  Will let some of the BK people ring in on this one, but IMO it is part of their business model is to approve people with fairly recent BK discharges.  I personally think you have a pretty dang good change being two years out.  Obviously make sure your DTI and utilization are good before considering applying, etc.

[Anonymous]

I was approved for a $2500 Discover It in March, about 2 years and 4 months after being discharged from Chapter 7 BK. Not only did Discover seem to consider me a good prospect as a customer, they aggressively pursued me. I was getting mailers from them literally every week offering their best available terms, a solid single-figure 23.49% APR plus 0% APR for the first calendar year on purchases and balance transfers. As a matter of fact, I was still getting mailers from them for several weeks after I'd applied and been approved!

[Anonymous]

I was 8 months discharged when Discover email me an offer. i had a capital One Secured card at the time in which i was approved in January with 251 SL but I applied for the offer by Discover on April 26 and was approved for 1600SL. At the time applied my FICO 8 was EQ: 650 TU: 611 EX: 637

[Anonymous]

I would wait to apply, keep checking the pre approvals ever so often. You will know when you are pre approved for discover when you get a specific apr. 

[kberly69]

I'm biding my time for a Discover too. I learned to ignore Credit Karma and the like - they tell me Chase and Amex would want me but I know that's not true for a few years at least. 

[JR_TX]

Discover took me back in exactly 2 years ago in 2015 4 years out of my BK7 in 2011. My EQ F8 was in the 650s with about 3-4 INQs and Although I already have a few positive TLs when they approved me, they still gave me a 2nd chance considering I burned them for about $6K on my bk. So yeah Discover is not so sensitive when it comes to bk IMO but YMMV of course. I think you should give it a shot OP especially if you're not that worried about 1 hp.

[creditmonger]

Pull the trigger and apply. 

BK13 DC in 12/15 (NOT IIB) and approved for $6K SL in 2/16. Current limit is $10.5. 

No CLI's for the past six months tho. 

Good luck. 

[Anonymous]

I'm 2 months post DC on a chapter 13.  Was just approved for a Disco for $800 (IIB), mine was a cold app.  Hubs was declined, interesting as his scores are higher.  

[Anonymous]

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@kberly69 wrote:

I'm biding my time for a Discover too. I learned to ignore Credit Karma and the like - they tell me Chase and Amex would want me but I know that's not true for a few years at least. 

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The mere fact that CK keeps telling me I have a "good chance" of getting a Chase card when I know for a fact that they won't even look at my application past the bankruptcy item on the report for seven years or more yet is just proof that their recommendations are for the birds. As for Discover, you'll know they seriously want you as a customer when they start sending you mailers - as they did me - with small-range or single-figure APR's.