Finally got Approved for a Discover it Card

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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Re: Finally got Approved for a Discover it Card

Postby mdekiss » Fri May 08, 2015 9:48 am

I think the CL criteria is pretty random. I was just approved for this card with s $6500 limit and my credit score is roughly in the 640s. I was at 520 in 2012 and have been in the process of rebuilding. I still have tons of late payments on some of my accounts and even a charge off on a macys card 6 years ago so I was pretty surprised at my limit.

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Re: Finally got Approved for a Discover it Card

Postby Vattené » Fri May 08, 2015 11:06 am

It looks like Discover thought you would be a profitable customer. Your situation is consistent with the theory that Discover is more interested in people that will become loyal to their card, carry a balance, and pay them interest. I probably looked like I would be one of those when I applied with no other prime cards and a long list of store accounts. All issuers can use PIFers for risk padding and revolvers for an income source, but Discover seems to be relatively more reliant on the income from interest as opposed to swipe fees and annual fees.
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

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Re: Finally got Approved for a Discover it Card

Postby ingramjuan » Fri May 08, 2015 7:33 pm

Do you know which credit reporting agency they pulled from?
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

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Re: Finally got Approved for a Discover it Card

Postby CarefulBuilder14 » Fri May 08, 2015 9:02 pm

If I went for a CLI (complicated for a joint account) I don't know if they'd give me another $500 or $5000.

I don't use it much, but $2k after 14 months is getting to be an eyesore on my report!
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

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