Applied for Discover Motiva I thought But got Discover HSBC! Help

[texasman07]

So today I felt lucky and decided to pull the trigger on the Discover Motiva.  I inadvertently thought I got approved when turns out my application Print out Said, "CONGRATULATIONS youve been approved for Direct Merchants Platinum Discover Card $500.00 CL"

Uh Ooops! I already took the hit! Well I guess I got a discover Kind-of. But Does it have rewards?  What did I get myself into?  Someone help as now Im not sure if its worth it. 

APR 18 % AF of 59.00$ If I can get rewards to add up to the AF then thats fine but........Im so confused. I need clarification!

[haulingthescoreup]

Ouch! Yeah, Discover moves you over to the HSBC version if you don't qualify for a card from Discover itself. The card is processed through the Discover network, but it doesn't get the rewards, and now that HSBC is selling off its CC portfolio, you might wind up with Cap One instead.

Members, it's been a while since I've seen one of these --wasn't someone able to decline the card and not have it report? I know that the hard inq remains, but it stinks to have an account reporting that you really didn't apply for.

[texasman07]

CRAP! Darn I called and they said congratulations on the Direct Rewards HSBC Card. Nuts!!!!!

Here I got all excited over a Discover Motiva Card when infact im stuck with an HSBC Discover.  I thought it had rewards on it for some reason.  Uh...What to do.....???

[haulingthescoreup]

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@texasman07 wrote:

CRAP! Darn I called and they said congratulations on the Direct Rewards HSBC Card. Nuts!!!!!

Here I got all excited over a Discover Motiva Card when infact im stuck with an HSBC Discover.  I thought it had rewards on it for some reason.  Uh...What to do.....???

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I may well be wrong on that; I hope so, for your sake. But my impression was that while the HSBC card might have its own set of rewards, it's not the same rewards as those from Discover.

OK, members, anyone remember what to do when you get stuck with the wrong card??

[Anonymous]

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@haulingthescoreup wrote:

Ouch! Yeah, Discover moves you over to the HSBC version if you don't qualify for a card from Discover itself. The card is processed through the Discover network, but it doesn't get the rewards, and now that HSBC is selling off its CC portfolio, you might wind up with Cap One instead.

Members, it's been a while since I've seen one of these --wasn't someone able to decline the card and not have it report? I know that the hard inq remains, but it stinks to have an account reporting that you really didn't apply for.

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That's odd when I got this card from HSBC it did get some kind of rewards

[texasman07]

Yes I think it does too but cant find the website or anything related to the rewards, I remember seeing a link by the CONGRATULTIONS word that said, sign in to see rewards. 

Anyway help me with this part. Since now Im stuck with the card I was thinking

I have a SECURED 500.00$ Capital one card

Now that I have this 500.00$ Discover/HSBC

Wouldn't it just be better to pay of the secured since it gets no rewards and stick with the Unsecured line??

So in the future maybe I can qualify for a Venture Card or  a Prime Card with Cap 1 ( I already have a Rewards No Hassel 750.00$ Card.)

Im trying to think positive and make a better choice.

Thanks guys!

[Anonymous]

ouch apply for a 0 annual fee card and get a card with a 60 dollar a/f. that sucks.

[haulingthescoreup]

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@Anonymous wrote:

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@haulingthescoreup wrote:

Ouch! Yeah, Discover moves you over to the HSBC version if you don't qualify for a card from Discover itself. The card is processed through the Discover network, but it doesn't get the rewards, and now that HSBC is selling off its CC portfolio, you might wind up with Cap One instead.

Members, it's been a while since I've seen one of these --wasn't someone able to decline the card and not have it report? I know that the hard inq remains, but it stinks to have an account reporting that you really didn't apply for.

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That's odd when I got this card from HSBC it did get some kind of rewards

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But were they the rewards from Discover? --as opposed to a separate rewards structure from HSBC. That's what I was attempting to say, lol.

[Anonymous]

WOW! Sorry to hear about that.

I have a question for you. Did you try out their online pre-approval section to see if there were any options available? If not, I would not have applied for the card unless I was certain that I would be approved or unless I got a pre-approval letter in the mail.

[texasman07]

Nope I didnt'. I took a leap of faith and didnt use the pre approval. Grrrrrr. I just need someone to tell me if the card is worth it or not? I mean 500.00$ CL is okay for me I really don't mind since i have a few 500.00$ limit cards, but wondering about the AF. If I can get rewards that cover the AF then ill keep it but, if not then its not worth a measly 500.00$ CL.  Plus, I know HSBC is selling thier portfolios to Cap1 but will this one be sold and if so, will it still be a discover since Cap1 does not have Discover.  Too many questions. grrrrr!