Discover It preapproval in the mail

[rmduhon]

I feel like I've hit the big leagues now. Lol. First preapproval from a major CCC. 16.49-19.49%, 0% for the first 14 months. I'm going to hang on to it until mid-to-late March when 1 baddie should be off of my EQ and EX. And hopefully will have an AR CLI on our GoRewards and a 3x CLI on my Amex. Might use it as a BT card if the limit is high enough.

[Anonymous]

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@rmduhon wrote:
I feel like I've hit the big leagues now. Lol. First preapproval from a major CCC. 16.49-19.49%, 0% for the first 14 months. I'm going to hang on to it until mid-to-late March when 1 baddie should be off of my EQ and EX. And hopefully will have an AR CLI on our GoRewards and a 3x CLI on my Amex. Might use it as a BT card if the limit is high enough.

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That's an interesting APR range they gave you. Disco prequals aren't always solid from what I've seen (I had a family member get a declined after a prequal because of a CO), so definitely wait for that baddie to fall off!

[austinguy907]

This sounds pretty solid from my experience.

Here's how they usually go:

10-23% - not likely

3% points - likely

0% offer - more likely

single APR + 0% = approval 99.999% of the time

Intro CL's don't typically go higher than 5K even with the best profile.  The counter to that though is they grow very well once you have your foot in the door.  Waiting is up to you or you could start the growth process now with an app and starting the clock on your first 60-90 days for an auto CLI potentially and your first requested CLI after 90 days is up.

[rmduhon]

Generally speaking, a 3 point spread is fairly good indicator, as long as nothing changed from when the prequal was sent. Of course, YMMV

[AverageJoesCredit]

Way to go on getting a mailer. Just be mindful, even with 3 point spread theres always a chance they still dont approve. Many of my mailers had the 3 point spread and i still had to try 4 times with Disco

[Creditplz]

DW got approved with a mail pre approval, although the limit was $500... (lowest other CL is 5500). Id give it a go.. every time I try I always get the "call us!" Message then they ask for a co-signer...

[Anonymous]

Congrats!  It's exciting to get a mailer, especially when you're rebuilding/building.  (the fact that it's Disco is even better)

[Anonymous]

I got a mailer awhile back and it was a solid APR, no range.  That's how I knew for sure I would get approved. Just a thought.