Was deciding between CareCredit and Discover

[Anonymous]

Hello everyone..

I am somewhat new.  A little over a year ago my credit was absolutely horrible....im talking in the 490 range.  However over the past year and being much bettwe with payments, having a collection taken off, and paying off a credit card I am now finally at 620.

Anyway I unfortunately have to go in for dental work and although i have dental insurance most of the work isnt covered and it is imperative I get the procedures done. I was really iffy about whether to go with Carecredit or to apply for a new card.  Currently I have capital one with a cl of $750 and only $200 on it which they still have not increased, a capital one that is restricted with $300 which has a $0 balance, and two store cards which have more than half available.

The dentist was able to see about care credit without a hard inquiry and it did not give an approval which would require me to have it check my credit but i didnt want to take a chance. I tried pre qualify sites and saw offers with good approval oods such as credit one and first premier which i wanted to avoid and an offer fro mchase and discover.  Anywho, I remember applying for chase less than 2 years ago and being denied so i didnt want to take a chance so i tried to go with discover.

I applied with discover and was told to call a number to finish documentation. I was put on a brief hold and was told i was approved for 1,200.  Although not much I am relieved that it was worth getting the inquiry and hopefully i made a good choice choosing discover over carecredit.

Does anyone have any tips and such on how often discover increases credit limits?

[Anonymous]

If I was you, I’d probably give CareCredit a shot. What’s the worst that can happen? - a denial and a HP, neither of which are that big of a deal. I’ve seen reports of them approving those with low-ish FICO scores.

You might get a higher limit with CareCredit and they also offer promotional 0% financing.

[Anonymous]

Welcome to Dico World 🥳
And, yes, I'd probably still try Care Credit in your situation.

[Dave4fun]

I wanted to give you a BIG CONGRATULATIONS on your new Discover card! That is wonderful news! You will get cash back and build that into  a nice credit line as time goes by. I am sorry to hear about the dental work though. I do wish you all of the very best and enjoy your new card!

[Anonymous]

Disco is a great card to have, I like mine so far. I paid my bill on a Sunday afternoon and payment posted this morning. Much faster then my cap1 cards.

As far as a CLI goes with disco there's info all over the place on that subject, it's sporadic as can be

[calyx]

Congrats on the new Discover!

Add me to the list encouraging you to go for CareCredit as well.   

[Anonymous]

But isn't it bad to have the multiple inquiries? I ask only because I already have 2 before this Discover one.

[Anonymous]

Inquiries fade over time so the small hit will not last forever.
You may lose a few points but if it puts you in a more stable position then it's worth it for the long run.

[Anonymous]

Inquiries are a necessary evil if you’re trying to obtain credit. I wouldn’t advocate racking up a ton of them, but I wouldn’t sweat 3 or 4 by any means.

[FireMedic1]

Same SL I had on my first card. Smash the CLI button 61,91, and 121 days. If you get a auto CLI. Go for the DD. Worked on both my cards when new. Now the first card is over 12g's in just over 2 1/2 yrs. Go for the CC card.