Discover IT Pre Approval Mailer?

[Anonymous]

Wondering how solid this offer is. It came with a specific invite number, fancy, waxy paper, and a 5% cash back offer. The apr rang was 3% (i think like 11% to 14%). Currently I am at 678 fico for tu, 6 yrs aaoa, 46% util. one recent inq with tu, all the rest have only 2 inqs on there.

[Discover2016]

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@Anonymous wrote:

Wondering how solid this offer is. It came with a specific invite number, fancy, waxy paper, and a 5% cash back offer. The apr rang was 3% (i think like 11% to 14%). Currently I am at 678 fico for tu, 6 yrs aaoa, 46% util. one recent inq with tu, all the rest have only 2 inqs on there.

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Usually when you get a 3% range on the APR, it is a solid offer. That being said, your utilization is a bit high and I would get it below 10-15% before I apply.

[Anonymous]

I got a ton of those mailers over the winter and early spring (and I'm still getting them, close on to a month after I accepted one such offer and was approved)! Like Discover2016 says, a 3% or so range on the APR quote indicates your chances of approval upon application are very good. What's really optimal, though, is getting a single-figure APR quote - that means you're almost certain to be approved.

[Anonymous]

I agree with D2016 and joe81, and second the motion for lowering your utilization. When I cold-apped for Discover in 2013, I was at 747 TU and probably no utilization (only had $500 USAA Mastercard (ugh). So I can't say you won't get a card, but you will be more comfortable with the terms and quite possibly the starting line, at much lower util. Happy apping/gardening!