I think I have a problem lol

[Anonymous]

So I got a discover-it pre auth in the mail and it's so tempting!

You can see what cards I have in my sig, The first two i'm AU's on. Score is around 650. Buying a house in 4-6 months.

Should I APP for the Discover-it? The cash back categories and the card itself are cool and I would like to get a good credit card from a good company on my own, Capital one, Barclays don't seem to hold the weight of a card like Discover. 

I don't want to hurt my chances for the house, even though it's a first time home buyer program from my state and the requirements are just a 640 or higher Fico score and i'm at 650 and climbing every month.

[leegreen]

I would recommend waiting until after you close, maybe that evening. You don't want to do anything within 6 months of a planned mortgage. However, the discover is a good one to have.

[PlasticOrPlastic]

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@Anonymous wrote:

So I got a discover-it pre auth in the mail and it's so tempting!

You can see what cards I have in my sig, The first two i'm AU's on. Score is around 650. Buying a house in 4-6 months.

Should I APP for the Discover-it? The cash back categories and the card itself are cool and I would like to get a good credit card from a good company on my own, Capital one, Barclays don't seem to hold the weight of a card like Discover. 

I don't want to hurt my chances for the house, even though it's a first time home buyer program from my state and the requirements are just a 640 or higher Fico score and i'm at 650 and climbing every month.

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Not sure what you base this on?  The Sallie Mae card from Barclays blows my Discover it right out of the water.  I love my Discover card but its been collecting dust since I got my Sallie card.  Not to mention my Barclay cards have been super consistant and generous with CLI's where as Discover is a bit reserved.  I wouldnt rule out a card like the Ring or Sallie Mae from Barclay. 

But for your situation I would wait until you secure a mortgage before apping for credit.  My buddy recently bought a house and they told him he'd have to close his recently opened card before they would work with him.  YMMV

[Anonymous]

If you are in the process of house buying you should definitely wait. Even though you are using a state program chances are the financing is still being done thru a bank? If so recent credit inquiries could affect your loan.

[coldnmn]

Definitely wait your house is more important! 

[Anonymous]

I will remain in the Garden!

[MissMoni223]

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@leegreen wrote:
I would recommend waiting until after you close, maybe that evening. You don't want to do anything within 6 months of a planned mortgage. However, the discover is a good one to have.

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I definitely agree on waiting until after closing. Obtaining your house is definitley more important!!!  

[CreditMagic7]

As the overwhelming mutual consensus agrees with, WAIT! (like at a crosswalk LoL) for the closing on your home FIRST! The DISCOVERIT (and others) will be there for the choosing and in a much better light for you. That's actually the norm and yields positive results!

So No Problem after all

[navajomyst2003]

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@coldnmn wrote:

Definitely wait your house is more important! 

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+1

[cschick]

Definitely wait! Even though the state program guidelines may say 640 minimum you still have to contend with the lender overlays. I met every single criteria of a FHA loan and yet had a very difficult time finding a bank to write a loan.