Discover It

Anonymous · ‎12-28-2018

Good morning,

After literally years of trying, I finally got a pre-approval with Discover it. With a score of 648, should I pull the trigger now, or will paying down some balances (I'm at 50% util on one account) get me a higher starting limit?
I don't know if this still applies, but it showed me the chrome card and the cash card, and it showed a static APR as opposed to a range.

19eighty5 · ‎12-28-2018

I'd recommend paying down the balances (sounds like you're able to) and then go back to apply. I'm sure you'll receive a higher SL as a result of the higher credit scores and lower utilization. Can you get down below 28.9%?

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Sept 2022):EX- 706, TU- 685, EQ- 684
What's in my wallet:

AMEX Delta SkyMiles Reserve | $2,800 | February 2019

AMEX Marriott Bonvoy Brilliant | $3,100 | August 2019

BOA BankAmericard AU | $4,500 | May 2004

Citi CostCo Anywhere Visa | $4,780 | March 2020

Citi Macy's Star Rewards | $11,100 | September 2021

Comenity Overstock | $7,100 | August 2018

Goldman Sachs Apple Card | $6,000 | March 2020

Synchrony CareCredit | $12,000 | October 2018

Synchrony Lowe's Advantage | $5,000 | March 2020

Audi e-tron - Audi Financial | $85K/72mo/3.24% | March 2022

Anonymous · ‎12-28-2018

Yeah probably after tax time, but in sure it'll be worth it

xaximus · ‎12-28-2018

I concur with 19eighty5. I would definitely the balance down to 28%, if you can, bring it under 8%. That would bring you under the 2 thresholds and should give you a boost of anywhere between 20-40 points (estimated).

Scores - All bureaus 770 +
TCL - Est. $410K

Anonymous · ‎12-28-2018

You're good to go either way but seriously, try to pay down your utilization.

Anonymous · ‎02-08-2019

Guys I'm sorry!
My heart was in the right place, but I just couldn't wait.
I pulled the trigger on Discover it after 2 collections dropped off, and my score rising to 660.

I was approved.

SL 10K 😲😲😲

*grabs mic and opens up speech*
I wanna thank God, my mama, Rocafella records... And last but not least the good folks at the myFico forums. I couldn't have done it without yall! Thanks and goodnight!
*Drops mic*

thornback · ‎02-08-2019

@Anonymous wrote:
Guys I'm sorry!
My heart was in the right place, but I just couldn't wait.
I pulled the trigger on Discover it after 2 collections dropped off, and my score rising to 660.

I was approved.

SL 10K 😲😲😲

*grabs mic and opens up speech*
I wanna thank God, my mama, Rocafella records... And last but not least the good folks at the myFico forums. I couldn't have done it without yall! Thanks and goodnight!
*Drops mic*

LoLz.. Congratulations! Disco is a great card... enjoy!

Personal Aphorism:"Forget What You Feel, Remember What You Deserve"

Starting FICO 8s | 09/2017: EX 641 ✦ EQ 634 ✦ TU 647
Current FICO 8s | 04/2022: EX 796 ✦ EQ 793 ✦ TU 790
Current FICO 9s | 04/2022: EX 790 ✦ EQ 788 ✦ TU 782
2022 Goal Score | 800s

My AAoA: 4.6 years not incl. AU / 4.9 years incl. AU
My AoOA: 9.2 years not incl. AU / 11.2 years incl. AU
Inquiries: EX 0/12 ✦ EQ 0/12 ✦ TU 0/12
Report Status: Clean
Garden Status:

Without patience, we will learn less in life. We will see less. We will feel less. We will hear less. Ironically, rush and more usually mean less.