Direct Rewards Discover by HSBC

[SherriLynn]

Ok, so I was reading the BK friendly card thread, and noticed someone had a Discover card.  Huh?  I have a BK from 11/05, and never imagined having a Discover card, at least until 2015 LOL.  I thought what the heck, I'll apply.  So I picked the Motiva, which I was declined for, but got a counter offer for the Direct Rewards Discover by HSBC!  Does anyone have this card?  I'm wondering what CL I will get, since it just said I'll get my card in the mail soon.  Will this card eventually qualify me for a regular Discover card?  tia 

update:  just called... CL $2300! 

Message Edited by SherriLynn on 09-09-2008 07:08 PM

[first48]

where do you apply for the direct rewards discover and what were your scores?

[SherriLynn]

I went to the Discover site.  Discover dot com I think.  My scores are in siggy.

[jmbfl]

Sounds like you've been harded for the card so you should take it. Congrats!

This is an HSBC issued card that has a Discover logo and is processed on the Discover/PULSE network. It is not a Discover issued card and will not help you any more that any other card would with Discover Financial Services. It also does not participate in the DIscover reward programs. It has its own program (which I know nothing about).

Be careful with HSBC - try to PIF the card monthly and if you have to carry a balance don't do it for too long. NEVER BE LATE! Watch your total util. If you screw up HSBC will ratejack you in a heartbeat. Also, do not let any HSBC issued card go unused for more that two months. HSBC closes inactive accounts without notice or recourse. Don't let that be you.

Message Edited by jmbfl on 09-09-2008 09:53 PM

[llecs]

I too had the same happen about a week ago. I appd for a Discover and a big "Congrats" popped up with the offer. I quickly read through other mentions of the CLs in relation to scores and declined out of fear they would give $1k or less. Shortly after declining the card, they send an e-mail saying it wasn't too late. I'll still pass. Got approved for Wachovia instead. EX scores for the Discover is/was at 677.

$2300 is great. Congrats to you.

[SherriLynn]

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jmbfl wrote:

Sounds like you've been harded for the card so you should take it. Congrats!

This is an HSBC issued card that has a Discover logo and is processed on the Discover/PULSE network. It is not a Discover issued card and will not help you any more that any other card would with Discover Financial Services. It also does not participate in the DIscover reward programs. It has its own program (which I know nothing about).

Be careful with HSBC - try to PIF the card monthly and if you have to carry a balance don't do it for too long. NEVER BE LATE! Watch your total util. If you screw up HSBC will ratejack you in a heartbeat. Also, do not let any HSBC issued card go unused for more that two months. HSBC closes inactive accounts without notice or recourse. Don't let that be you.

Message Edited by jmbfl on 09-09-2008 09:53 PM

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Thanks for the advice!  I will take good care of it.  I transferred two other balances... 0% til Oct 09.  I'm hoping to have it paid off well before then.

[jmbfl]

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llecs wrote:

I too had the same happen about a week ago. I appd for a Discover and a big "Congrats" popped up with the offer. I quickly read through other mentions of the CLs in relation to scores and declined out of fear they would give $1k or less. Shortly after declining the card, they send an e-mail saying it wasn't too late. I'll still pass. Got approved for Wachovia instead. EX scores for the Discover is/was at 677.

$2300 is great. Congrats to you.

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IMO you are far better of with a card issued by Discover Financial Services than Wachovia Bank. Lots of people have problems with Wachovia. Don't hold your breath waiting for a CLI. Auto-CLI's a rare and they hard you if you ask for one.

[SherriLynn]

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llecs wrote:

I too had the same happen about a week ago. I appd for a Discover and a big "Congrats" popped up with the offer. I quickly read through other mentions of the CLs in relation to scores and declined out of fear they would give $1k or less. Shortly after declining the card, they send an e-mail saying it wasn't too late. I'll still pass. Got approved for Wachovia instead. EX scores for the Discover is/was at 677.

$2300 is great. Congrats to you.

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Thank you, and congrats on the Wachovia!  What CL did you get on that one?

[Anonymous]

I've had the Direct Rewards Disc for just over two years.  Nothing fancy, wimpy rewards -- just a pretty boring card.  I can't bring myself to close it because I haven't figured out which 'reward' I want -- LOL.  At the moment it sees action from the Orkin man every quarter.

Congrats on the approval!

PS -- I started at 1k w/ scores in the mid/upper 500s.  After 18 months they auto-cli'd me to 1.5k.

[llecs]

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jmbfl wrote:

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llecs wrote:

I too had the same happen about a week ago. I appd for a Discover and a big "Congrats" popped up with the offer. I quickly read through other mentions of the CLs in relation to scores and declined out of fear they would give $1k or less. Shortly after declining the card, they send an e-mail saying it wasn't too late. I'll still pass. Got approved for Wachovia instead. EX scores for the Discover is/was at 677.

$2300 is great. Congrats to you.

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IMO you are far better of with a card issued by Discover Financial Services than Wachovia Bank. Lots of people have problems with Wachovia. Don't hold your breath waiting for a CLI. Auto-CLI's a rare and they hard you if you ask for one.

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Yep, there's not much of a We-Love-Wachovia fan club here. But there's only a small handful of cardholders in these forums. And yes, a Discover card is better, but this is a Discover-branded card run by HSBC. I'm not a HSBC fan and thought I would have more of a shot with growth with the Wachovia. I also looked around to see starting CLs for the HSBC version and didn't like what I saw. Seemed like many started with $500 or $1000. And HSBC isn't all that generous with CLIs. Thought my odds were better with Wachovia.