Been "Pre-Approved" but only been in USA for 8 months

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
7 posts
mattb
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Been "Pre-Approved" but only been in USA for 8 months

Postby mattb » Sat Oct 13, 2012 11:48 am

Hi all,

I've received a letter from Discover which says I've been pre-approved for their 5% cashback card, however I'm a permanent resident and have only been here for 9 months.

Having read posts on this and other forums, my understanding is that pre-approved is really just a marketing gimmick and that everyone is pre-approved until they are approved.

I have had a Wells Fargo secured credit card for 9 months, a SS number for 8 months, a checking account since December 2011, and a car loan for 4 months, which is in both my and my wife's name (she is a US citizen).

I wondered if anyone has been in the same boat as me or if anyone thinks that I should(n't) apply for this card. The rewards would be of benefit but, of course, I'd rather not apply for a card if it's almost certain that I'll be denied as at the moment I'm trying to build good credit history as efficiently as possible.

Thanks,

Matt
[size=60]British-Expat in USA since: Feb '12
Wells Fargo Platinum (Secured) | since Feb '12 | $500
Discover More | since Oct '12 | $750[/size]


Money card
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Location: New York state

Postby Money card » Fri Oct 19, 2012 11:06 pm

when I first started out back around the late 80's 87 or 89 I opened up my first checking account the same bank that issued the company's checks employees checks. I first tried for the Green card picked up the application at Macys garden state plaza.
in those days there were no student credit cards, or secured credit cards.. I got turned down.

I would say if you only have 1 the wells fargo secured card this might not be the best offer for you.
If I were you I would try for local banks of your area a place where you have your checking account have you thought about asking an account mgr if they would approve you for a wells fargo unsecured credit card?
if they say your not approved have you thought about a looking into 1 of these applications a TD Bank credit card or key bank ?
even a small bank , like in my area it would be hudsonvalley savings bank. your bank would be called something else have you thought about applying for there credit cards?

mattb
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Postby mattb » Mon Oct 22, 2012 11:07 am

Hi Money Card,

Thanks for your reply.

I did ask a manager at Wells Fargo about 3 months ago whether I could be approved for an unsecured card and his response was that I'll be informed :confused: . Perhaps I should have pushed a bit more and asked him to get an assessment or something (this was all just a brief conversation).

My wife already has the AmEx Blue Preferred and I wanted to try and compliment the cash back that card offers with the 5% from Discover (particularly as they are offering 5% cashback on all online shopping - which is where I tend to do all my shopping - and Xmas is coming up).

Failing the Discover then perhaps the next best alternative would be Chase Freedom but I haven't received any offers from them.

Credit-building comes first and then cashback cards second. Perhaps I'll sit and wait on the Wells Fargo card to become unsecured and take it from there.

Matt
[size=60]British-Expat in USA since: Feb '12

Wells Fargo Platinum (Secured) | since Feb '12 | $500

Discover More | since Oct '12 | $750[/size]

WS6R6
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Postby WS6R6 » Tue Oct 23, 2012 12:13 pm

If you got a pre-approval use the code from it online and go for it...it actually is a real easy card to get in my opinion and you have a lot more credit history than I had when I got my More card.
Travel 3x, Groceries + Gas 2x: [color=Orange"]AmEx PRG[/color] (Closed)
Restaurants + Travel 2x: [color=navy"]Chase Sapphire Preferred[/color]
Groceries 3%, Gas + Department Stores 2%: [color=blue"]AmEx BCE[/color]
Dining + Entertainment 2x: [color=navy"]Citi Thank You Preferred[/color]
Hotels 5x: [color=Black"]Chase Marriott Rewards Premier[/color]
Rotating 5%: [color=darkorange"]Discover It[/color], [color=blue"]Chase Freedom[/color]
Restaurants 5x: [color=lime"]Citi Forward[/color]
Gas 5%: [color=gray"]PenFed Platinum Rewards[/color]
Future: [color=red"]US Bank Cash +[/color]

mattb
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Joined: Tue Mar 06, 2012 12:30 pm
Location: NC

Postby mattb » Thu Oct 25, 2012 8:04 am

I applied and was accepted! Yay!! :cool:

They gave me a credit limit of $750 but at least it's a start.

Thanks all!
[size=60]British-Expat in USA since: Feb '12

Wells Fargo Platinum (Secured) | since Feb '12 | $500

Discover More | since Oct '12 | $750[/size]

DavidNY
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Postby DavidNY » Thu Oct 25, 2012 9:43 am

Congrats on the new Discover card, enjoy the 5% off online shopping this quarter.

WS6R6
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Joined: Tue Sep 25, 2012 11:52 am
Location: Kansas

Postby WS6R6 » Thu Oct 25, 2012 1:07 pm

Congrats!.
Travel 3x, Groceries + Gas 2x: [color=Orange"]AmEx PRG[/color] (Closed)
Restaurants + Travel 2x: [color=navy"]Chase Sapphire Preferred[/color]
Groceries 3%, Gas + Department Stores 2%: [color=blue"]AmEx BCE[/color]
Dining + Entertainment 2x: [color=navy"]Citi Thank You Preferred[/color]
Hotels 5x: [color=Black"]Chase Marriott Rewards Premier[/color]
Rotating 5%: [color=darkorange"]Discover It[/color], [color=blue"]Chase Freedom[/color]
Restaurants 5x: [color=lime"]Citi Forward[/color]
Gas 5%: [color=gray"]PenFed Platinum Rewards[/color]
Future: [color=red"]US Bank Cash +[/color]



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