Not seeking out their manias but Discover's practices are lunacy

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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Iroquois
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competitively they don't match up

Postby Iroquois » Tue Aug 07, 2012 8:45 am

I'll try to explain it again. First, the characterizations of being deeply wronged or hurt are not the ones I've made. I have made the assertion that Discover is simply not competitive on certain items/ APR reduction requests being one of them. Other issuers , in fact all other issuers that I know of are much better in dealing with a simple request on one of the most basic and fundamental components of a credit card. Being non competitive is seemingly a clear a choice that Discover has made with a process that is cumbersome and clearly appears intended to dissuade a consumer from asking for a reasonable APR.

As too getting the card, the general discussion and chat, if its correct, leads me to the observation that Discover's account approval standards require higher FICO scores, or application criteria thresholds of whatever they use.

Merchant acceptance : they just have fewer numbers of merchants that accept the card. That may be different in certain areas though.. None the less those are the numbers.

Just my opinion


MemberSince99
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Postby MemberSince99 » Tue Aug 07, 2012 9:10 am

It used to require a higher score but these days I'm hearing of people in the upper 600s being approved, which isn't at all a high score. Same with Chase Freedom. These used to require higher scores but if what I hear is true these days they've lowered standards a bit. I can't comment on it other than what I've read though.

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djrez4
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Postby djrez4 » Tue Aug 07, 2012 6:23 pm

MemberSince99 wrote:It used to require a higher score but these days I'm hearing of people in the upper 600s being approved, which isn't at all a high score. Same with Chase Freedom. These used to require higher scores but if what I hear is true these days they've lowered standards a bit. I can't comment on it other than what I've read though.


I'm case in point. Both of those with mid to high 600 scores: $5k on the Freedom and $16k on the More. I'm guessing they figure I'm a reasonable risk (despite my scores) because I'm an attorney with a decent income. They must not know many attorneys.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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ReadyTuna25209
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Postby ReadyTuna25209 » Wed Aug 29, 2012 4:22 pm

Iroquois, I may have over read but what did Discover end up lowering your APR to? I just got a Citi card so thanks for mentioning that they're great with APR decreases.
AMEX Blue Sky (November 2012)
Citi Diamond Preferred MC (August 2012)
Discover It (August 2012)
Orchard Bank MC (June 2011)
Bank Americard Cash Rewards (September 2010)

Current scores: 715 TU / 724 EQ / 724 EX



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