Discover it card

[eagle2013]

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@SomeGuyOnTheWeb wrote:

I think your odds are pretty good. I got a $7500 CL with a 699 EQ pulled. Not sure why, but Discover seems to be fairly generous with credit limits.

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696 EQ and $2500 limit. May I ask what were your overall limits for applying?

[gdale6]

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@bobkmn wrote:

Thanks for your reply. Do you know the relationship between the EQ and FICO numbers?

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If you are asking how to compare a FAKO to a FICO the answer is nil, cant be done 2 different animals.

[SomeGuyOnTheWeb]

I'm not sure what you mean by overall limits.

My only card before this one was a $300 bank card. I merely sent in one of the pre-approved offers they kept sending me and about a month later some application specialist called me back and asked me a whole list of questions. Later she came back and told me I was approved for a $7500 credit limit and asked if that would be enough. I said yes 'cuz I was only expecting $1,000 or so. In retrospect, I probably could have asked for more but didn't.

[bobkmn]

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@j_gizibe wrote:

I don't know the answer to everything, but I will answer what I can.

I was recently approved for a Discover card on 3/7/14, I was approved for $6500, which was/is my highest card limit. Before that, I had the same limits as you (Cap one $500, Cap One $300, and Cap One $500. I did recently get a CLI from BoA from $500 to $1500 though). Anyway, Discover pulled EQ for me and I had a 682.

That same day, I applied for the Chase Freedom too. I just got the card today and it seems they do something called 'Card Acquisition Risk Score', which is calculated from a low of 250 to a high of 900. My score was 672. They gave me a $2200 CL.

I have one negative medical collection from 2009 for $425.

Anyway, I say all that to say that I think you'll be approved. Go for it!!!

ETA: Mine was a Discover It card too.

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I just got 6500 too.  :-)

[j_gizibe]

Yay!!!!

[Peter1142]

Congrats! They gave me a very generous CL as well.

Discover uses FICO 08, IIRC bankcard enhanced scoring. My scores were much higher in the version they are using. I am pretty sure it discounted some AU accounts I have that are hurting not helping. But I think their scores are generally higher than vanilla 04.