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First BIG approval!

tpjr18
Member

First BIG approval!

Hey folks!

 

About a week or so ago I was messing around the internet and trying for different preapprovals. Discover preapproved me for two cards so I applied for Discover It. I was approved for $8,000! This is my largest line.

 

My plan is to not use this card (or use it very sparingly) and apply for CLIs ever so often. Is this a good plan of action? 

 

At what point do I apply for another card to see if they offer a similar SL? I'm very young (low 20s) and new to credit but interested in improving my portfolio. 

 

Cheers!

Message 1 of 9
8 REPLIES 8
pizza1
Community Leader
Super Contributor

Re: First BIG approval!


@tpjr18 wrote:

Hey folks! Hi, and welcome!! Smiley Happy

 

About a week or so ago I was messing around the internet and trying for different preapprovals. Discover preapproved me for two cards so I applied for Discover It. I was approved for $8,000! This is my largest line. Congrats on the approval! Thats super exciting! 

 

My plan is to not use this card (or use it very sparingly) and apply for CLIs ever so often. Is this a good plan of action? yes and no. Why did you get the card if you dont have plans to use or utilize it? I would most definitely use it to your advantage, and  charge only what you can afford to pay in full every month. I wouldnt stick in the SD and never use it. 

 

At what point do I apply for another card to see if they offer a similar SL? I'm very young (low 20s) and new to credit but interested in improving my portfolio. Are you referring to Discover or any lender? If Discover, you have to wait till the 1st card is 1 yr old before they will give you another one. As far as other lenders....I would use your new Discover card for about 6 months 1st, and then apply for a card that will work for you and your needs. Smiley Happy

 

Cheers! Welcome again!


 


My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013
Message 2 of 9
tpjr18
Member

Re: First BIG approval!

@pizza1


@pizza1 wrote:

@tpjr18 wrote:

Hey folks! Hi, and welcome!! Smiley Happy

 

About a week or so ago I was messing around the internet and trying for different preapprovals. Discover preapproved me for two cards so I applied for Discover It. I was approved for $8,000! This is my largest line. Congrats on the approval! Thats super exciting! 

 

My plan is to not use this card (or use it very sparingly) and apply for CLIs ever so often. Is this a good plan of action? yes and no. Why did you get the card if you dont have plans to use or utilize it? I would most definitely use it to your advantage, and  charge only what you can afford to pay in full every month. I wouldnt stick in the SD and never use it. 

 

At what point do I apply for another card to see if they offer a similar SL? I'm very young (low 20s) and new to credit but interested in improving my portfolio. Are you referring to Discover or any lender? If Discover, you have to wait till the 1st card is 1 yr old before they will give you another one. As far as other lenders....I would use your new Discover card for about 6 months 1st, and then apply for a card that will work for you and your needs. Smiley Happy

 

Cheers! Welcome again!


I definitely plan to utilize the card but I don't plan to carry a ridiculous balance. I would like to buy a cup of coffee or a new shirt using the card but I prefer to make one of my other cards with a lower limit my primary. Does that make sense?

 

I was referring to any other lender. I like the idea of using the card for six months and applying for another.

 

Thanks for your insight and warm welcome. 


 

Message 3 of 9
pizza1
Community Leader
Super Contributor

Re: First BIG approval!


@tpjr18 wrote:

@pizza1


@pizza1 wrote:

@tpjr18 wrote:

Hey folks! Hi, and welcome!! Smiley Happy

 

About a week or so ago I was messing around the internet and trying for different preapprovals. Discover preapproved me for two cards so I applied for Discover It. I was approved for $8,000! This is my largest line. Congrats on the approval! Thats super exciting! 

 

My plan is to not use this card (or use it very sparingly) and apply for CLIs ever so often. Is this a good plan of action? yes and no. Why did you get the card if you dont have plans to use or utilize it? I would most definitely use it to your advantage, and  charge only what you can afford to pay in full every month. I wouldnt stick in the SD and never use it. 

 

At what point do I apply for another card to see if they offer a similar SL? I'm very young (low 20s) and new to credit but interested in improving my portfolio. Are you referring to Discover or any lender? If Discover, you have to wait till the 1st card is 1 yr old before they will give you another one. As far as other lenders....I would use your new Discover card for about 6 months 1st, and then apply for a card that will work for you and your needs. Smiley Happy

 

Cheers! Welcome again!


I definitely plan to utilize the card but I don't plan to carry a ridiculous balance. I would like to buy a cup of coffee or a new shirt using the card but I prefer to make one of my other cards with a lower limit my primary. Does that make sense? Absolutely! 

 

I was referring to any other lender. I like the idea of using the card for six months and applying for another.Sounds like youre one step ahead of the game alreadySmiley Happy

 

Thanks for your insight and warm welcome. You bet!! I like being here, and offering advice when I can. Hope you stick around!


 


 


My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013
Message 4 of 9
Xiang182838
Established Contributor

Re: First BIG approval!

Congratulations on the approval!!!Smiley Very Happy




Message 5 of 9
19eighty5
Senior Contributor

Re: First BIG approval!

Congratulations!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

Message 6 of 9
peghede
Valued Contributor

Re: First BIG approval!

Congrats on approval m8, now all you have to do is double dip it on every cli.
Message 7 of 9
Steve891
Senior Contributor

Re: First BIG approval!

Congrats on the approval!!!




Message 8 of 9
VoltronM
Senior Contributor

Re: First BIG approval!

Congrats on approval !!! and very nice SL

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 9 of 9
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