I applied for the discover it card last night thinking I would be instantly denied because I have 3 collection accounts, 1 foreclosure, and 1 auto repo (all from 2008). I was definitely surprised when it was approved.
The approval did not give my credit limit, so I called and asked. The rep told me my limit was $800.00 and that I would have to wait 3 months to get a cli. Definitely not a credit limit to be proud of, but I did get in the door.
5 minutes later I applied for the Chase Freedom and was approved for $4500.00 limit. Go figure.
My EX fako: 672 EQ fako: 683 walmart fico: 689
The approval did not give my credit limit, so I called and asked. The rep told me my limit was $800.00 and that I would have to wait 3 months to get a cli. Definitely not a credit limit to be proud of, but I did get in the door.
5 minutes later I applied for the Chase Freedom and was approved for $4500.00 limit. Go figure.
My EX fako: 672 EQ fako: 683 walmart fico: 689
@TVP125 wrote:I too have some collections from long ago on my credit and have applied for Discover two times in the last 3 months. The first was a solid denial and the second was a denial but they counter-offered with the IT secured card which according to them will graduate after 12 months of good payments
My understanding is their secured card does not graduate. I could be wrong.
