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New Discover card $7.5k CL Amazing!!!

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Anonymous
Not applicable

New Discover card $7.5k CL Amazing!!!

I just had to tell somebody.  

On May 25 2017 my scores on CK were TU 563 and EQ 573.  I don't know why but my EX F8 was 659.  My util was 90% with 12 cards store/bank and highest card was $2500 CL total debt $16k.  With those scores and util I couldn't finance a thing.

I got a letter in the mail from BEST EGG offering to refinance my CC debt.  I checked it out and compared to Lending Tree and Avant (who both turned my down in the pre-approval).  So, BEST EGG gave me $16k at 14% and I paid off all my CC's with a 5 year note and a lower payment than what I was paying on the combined cards.  The money was in my bank next day.

 

Today 7 weeks later my scores are TU 717 EX 730 and waiting for CK to update EQ.  I paid for the TU score on their website but not EQ.

 

So, today......after researching which cards to start with, I applied for Discover CashBack and it came back instantly with a CL of $7500.  Going foward I plan to pay CC monthly, so having a cash back card is nice.

 

Wow.....just WOW!!

 

Any thoughts where I should apply next?  

 

BTW.....although I was maxed out my Pay HIst is 100% with no derogs.  

 

 

 

 

 

Message 1 of 15
14 REPLIES 14
JoeLuvsHisCredit
Valued Contributor

Re: New Discover card $7.5k CL Amazing!!!

CONGRATS AND Wow

What forms did they ask for?

Message 2 of 15
Anonymous
Not applicable

Re: New Discover card $7.5k CL Amazing!!!

BEST EGG wanted ytd paycheck stubs and last year W2.  I think that was all.

Message 3 of 15
AverageJoesCredit
Legendary Contributor

Re: New Discover card $7.5k CL Amazing!!!

Congrats on a super limit and approval. I would caution going out and getting more cards as you might find yourself right back where you were with more temptation.Smiley Wink
Message 4 of 15
Total80sKid
Senior Contributor

Re: New Discover card $7.5k CL Amazing!!!

Congrats on the improvements and approval! Smiley Happy
Message 5 of 15
peghede
Valued Contributor

Re: New Discover card $7.5k CL Amazing!!!

"BEST EGG wanted ytd paycheck stubs and last year W2.  I think that was all."

 

well i think they got all they want  , surprised they didn't ask for kitchen sink.

Message 6 of 15
Anonymous
Not applicable

Re: New Discover card $7.5k CL Amazing!!!

I agree with AJC...
be careful. Nobody intends to get back into trouble. But with a payment for the debt consolidation you don’t want to have 5 credit card payments too.
Maybe stick with Disco for a year and gain history... then pick a second card or third. Or maybe one more now.

You do what you want but I know from experience.... I had bad credit... worked over a year to fix it.... 2 years later it was back where it was because of defaulting. Of course I never intended to. I swore left as right I would never let me credit go bad again.

Well... mid 2015 I started rebuilding again and I am finally at a good place again. It took me 2 times to learn and even tho I don’t think it will happen again.... I can only say 90% it won’t. I didn’t think I would the first time either.

Now to not end this on a bummer note.....

Congrats on your Discover Card. It is by far my favorite card. I love the customer service on top of the great rewards. He sure to check out and use the Discover Deals. I have made tons of cash back on those. Utilize your 5% categories especially for the first year. You get 10% back on those for year 1. That’s insane. It can really add up. I’m not a huge spender like some and I had $400 cash back and got another $400 from their 1st year match. Discover rocks. And wait till you get your card. From the first thing they do which is send the card you will notice they go above and beyond what others do.

Be good to them and the limit will grow too. There is a great Disco CLI thread on here... it’s like a bazillion pages so you can’t miss it.

Congrats again. (And if you really want to get one more card I would recommend a Visa or MC since there are still some places that won’t take Disco and Amex. Maybe Citi Double Cash-they pull EX for most and they are a good card for when you are not buying a category where you get more than 2% back)

Message 7 of 15
Anonymous
Not applicable

Re: New Discover card $7.5k CL Amazing!!!

Congrats on your Disco approval. Nice SL!!!
Message 8 of 15
Anonymous
Not applicable

Re: New Discover card $7.5k CL Amazing!!!

Since my goal was to add a few different cards I also added:

 

AMEX every day card SL  $10k

Wells Fargo Platinum  SL  $5k

Not bad since my previous high card was a bank card at $2000 and a CU card at $2500

I applied Cap 1 Venture cause it saId I was pre-approved and I got the 7-10 day response.

 

Wells Fargo and Cap 1 both dinged HP on TU.  Cap 1 and AMEX dinged HP on EX.  Not sure of EQ but CK says 2 new Hard Inquiry.

 

My CS at TU v3 just dropped 30pts to 687 after last nights activity.  Oh well, that's all for me.  

 

Why is it called gardening and not farming?  just curious

 

Message 9 of 15
Anonymous
Not applicable

Re: New Discover card $7.5k CL Amazing!!!

Congrats! I hope you asked for CLI's with all your current cards after you paid them off.

Message 10 of 15
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