@Anonymous wrote:
The Discover prequal kicked back and said they would not be able to provide me an offer due to a recent delinquency with another creditor.
Assuming this is because of my 30d lates earlier. I think I will app for the Capital One Platinum unsecured for now. I guess my question would be given the value most say Discover seems to hold, in a couple months after having the Cap1 Platinum report, should I also try to prequal and app for the Discover card? Or is that doing too much now
It may be a while because of your recent lates, but the moment Discover gives you a pre-qual offer on the secured card, I would accept it. I had it at some point for quite a few months and I ignored it (secured). Six months after the Platinum, I got the a pre-qual on the CapOne QuicksilverOne with a 1,000 CL. It's getting ready to hit $1500. I then got a car loan from CapOne. I checked Discover and still had a secured card offer. I did not want another secured card as I had one already, the Green Dot Primor (my first rebuild card) and was paying down the CapOne charge-off. I was too impatient and wanted an unsecured offer. Merrick Bank I had prequalifed for but only $500 Double Your Line, and an annual fee. But one day, two months after my car loan, I received an offer in the mail for $700 Double Your Line Visa (to $1400 after seven months), no AF. I took it. The minute I did, Discover took away the secured offer because it says I have too recent of credit lines. I guess because I had two newish cards: QuicksilverOne and Merrick Bank CC. So now it's three months later and still not even a secured card offer. I am gardening for six months to see where my scores are and waiting for a card like Discover that can really grow with me.
But the moral of the story is: I'm now more educated after reading a lot on here. Discover really gives a lot of CLIs as time goes on. It has nice perks, no annual fees. I should have grabbed the secured card many months ago the first or second time I saw the offer, as I wouldn't be that far away from it graduating now. So don't make the same mistake I did. Check it every so often and grab it when the offer comes in. From what I've read on there, the pre-qual offer is pretty solid, especially for the secured card.
I don't regret any of the cards I've gotten. The four credit cards and the car loan, along with paying off/paying down charge-offs, have, in the span of a year (8/18 to 8/19) helped me improve my Experian score by over 110 points, with Equifax and TU not far behind. I'm still paying down one big charge-off, so that is holding down my scores. The only thing I would change is adding Discover to the mix early on, about six months ago or even four months ago when I had the opportunity.
Good luck!
Open Credit Cards:
Green Dot Primor Secured (5/18) - $450 CL (CLOSED 2/2020)
Capital One Platinum (8/18) PC to Quicksilver (9/19) - $3800 CL
Capital One QuicksilverOne (3/19) - $4800 CL
Merrick Bank DYL VISA - No AF (6/19) - $1400 CL
Discover it Cash Back (9/19) - $2800 CL
Amazon Prime Store Card (4/20) - $10,000 CL
NFCU cashRewards (4/20) - $4500 CL
BB&T Spectrum Cash Rewards (5/20) - $3500 CL
Navy Federal More Rewards American Express® Card (3/21) - $9700 SL - at 9.65 %.
Experian FICO Score - 8/2018: 528
Experian FICO 8 Score - 9/2022 - 720
Equifax FICO 8 score 2/2022- 692
TransUnion FICO 8 score 10/2022 - 728
Experian FICO Mortgage Score - 725
