18 Yr Old approved for Discover IT Student! First Card!

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
22 posts
User avatar
JMR
Platinum Member
Platinum Member
 
Posts: 70
Joined: Sat Feb 08, 2014 6:01 pm
Location: United States

18 Yr Old approved for Discover IT Student! First Card!

Postby JMR » Mon Feb 10, 2014 11:50 am

Applied for the Discover IT for students card and was accepted! This was my first attempt applying for a card as I just turned 18. Excited to start building a good credit history! The Discovery IT Student card is a GREAT first card to start off with in my opinion. I was certain they would respond with the secure route but I was wrong! My starting credit limit is $500. How did all of you guys start out and what was your first card?

-JMR
Citi AAdvantage Platinum Select- $5000 (3/15)
American Express Gold- NPSL (3/15)
Chase Freedom- $1200 (3/15)
Nordstrom- $1500 (9/14)
Discover IT- $1000 (2/14)

TCL: $8700

FICO (TU)- 716 (3/15)


User avatar
Vattené
Centurion Member
Centurion Member
 
Posts: 1208
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Wed Feb 12, 2014 1:25 am

Congrats on the approval, JMR :D I recently got the Discover IT as well (still waiting on the card to arrive), and I'm excited to use it.

I wish I had taken your route just so I could have been using a good, major credit card with a decent rewards program. This Discover IT will be the first major credit card I've applied for (I'm 23). I always associated credit cards with debt (and their rewards as travel perks anyway) and never paid attention to any major ones. I also thought I could easily be denied, so I collected a few store cards since I was 18 to build a good credit history. I figured I would be more easily approved and you typically get a discount on your purchase when you apply at the cash register.

I believe my first was with American Eagle at 18, and I got a $300 limit. I also have Express ($500), Kay Jewelers [for the girlfriend] ($500), Macy's ($600), Lane Bryant [for the girlfriend] ($750), Banana Republic ($1,900), JC Penney's ($1,900), Walmart [for the gas discount] ($1,300), and Kohl's ($1,000).

The Banana Republic card is a regular Visa that can be used anywhere and has a rewards program for Banana Republic and all of its brands. I got to the point of basically replacing my debit card with it to collect the rewards. It took longer than it should have to realize that I might as well carry a major credit card and take advantage of a rewards program that is (1) much better; and (2) doesn't have to be used exclusively on Banana Republic brands. I was in the habit of paying everything in full anyway, so it doesn't cost me anything and I actually benefit from it.



Said girlfriend (now wife), on the other hand, had a much sadder beginning to her credit history. The boyfriend she had before me financially took advantage of her, and she basically just couldn't tell him no. Even her parents completely screwed her over. She had bad debts (including but not limited to unpaid medical bills) and public records against her. Her wages were garnished at one point. Fortunately, I think the combination of being with me and the two of us moving far away from her hometown for college has helped her become financially responsible. Based on her credit report, the last of all derogatory marks should come off by the end of this year.

Anyway, like you I am in the process of building credit. How I started out didn't hurt me, but I could have gotten more out of a better card. I think my credit score is decent for someone my age (mid-700s). My wife had a rocky start, but is on her way to building a good score. You're positioned well to build up a good credit history. So make the credit card companies lose money by having you as a customer, make the system work for you as much as possible, and enjoy the benefits of being a Discover member!
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

User avatar
JMR
Platinum Member
Platinum Member
 
Posts: 70
Joined: Sat Feb 08, 2014 6:01 pm
Location: United States

Postby JMR » Wed Feb 12, 2014 9:42 am

Thanks! Did you have any issue with getting all your store cards? I'm wondering if applying for a Nordstroms regular card (Not the Visa Signature) would be good. I regularly shop at Nordstroms. I don't know how long I should wait to apply considering the IT is my first card so I was thinking a couple months to wait to apply. Wish the best for you and your wife on building great credit scores! I have used a debit card since I was 16, (I don't like carrying much cash) but now I see the rewards you can get with credit cards if you use responsibly.

JMR
Citi AAdvantage Platinum Select- $5000 (3/15)
American Express Gold- NPSL (3/15)
Chase Freedom- $1200 (3/15)
Nordstrom- $1500 (9/14)
Discover IT- $1000 (2/14)

TCL: $8700

FICO (TU)- 716 (3/15)

luvbullmarkets
Centurion Member
Centurion Member
 
Posts: 248
Joined: Thu Apr 21, 2011 1:02 am
Location: TPC Stonebrae

Postby luvbullmarkets » Wed Feb 12, 2014 12:49 pm

Congrats.

The card will grow with you.
Amex PRG, Amex EveryDay, Amex BCE, Barclaycard Arrival, Cap One Venture One, CSP, Chase Freedom, Discover it, Macy's Star Card, Wells Fargo Propel 365 Amex, Wells Fargo Visa Sig

"Attack this day with a level of enthusiasm unknown to mankind." - Jack Harbaugh

sakhalin
Centurion Member
Centurion Member
 
Posts: 249
Joined: Thu Jul 05, 2012 6:55 pm
Location: West Coast

Postby sakhalin » Wed Feb 12, 2014 2:49 pm

Congrats! The Discover IT is a GREAT card. The customer service is top-notch, and the reward structure is awesome.

I started off with a BoA Platinum Plus MC for students right when I turned 18. It had no benefits/rewards and a relatively high APR rate, but I always paid on time and in full.
AMEX BCE ($20,000), Citi Forward ($6,800), Discover IT ($5,250), BoA Travel Rewards ($1,800)

User avatar
Vattené
Centurion Member
Centurion Member
 
Posts: 1208
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Wed Feb 12, 2014 7:09 pm

Thank you, JMR.

JMR wrote:Did you have any issue with getting all your store cards? I'm wondering if applying for a Nordstroms regular card (Not the Visa Signature) would be good. I regularly shop at Nordstroms. I don't know how long I should wait to apply considering the IT is my first card so I was thinking a couple months to wait to apply.

I've never been denied of anything for which I applied. Granted, I've also never applied for anything too ambitious, but store cards' restrictions are generally much looser than major credit cards. They are DYING for you to open a card with them so after your purchase they can also make money off of you in interest. By no means am I an expert, but if you want the card I would recommend applying for it right now. Having one account with a low limit could even help your chances. Even if you are denied, you're just 18. The hard inquiry will likely be off of your reports by the time it really matters (like if/when you finance a car or purchase a house).

I love Nordstroms, but most of my shopping is limited to the window variety.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

User avatar
JMR
Platinum Member
Platinum Member
 
Posts: 70
Joined: Sat Feb 08, 2014 6:01 pm
Location: United States

Postby JMR » Fri Feb 14, 2014 11:17 am

Just received my IT card in the mail today. Took about 2 days to ship. Came in nice packaging.
Citi AAdvantage Platinum Select- $5000 (3/15)
American Express Gold- NPSL (3/15)
Chase Freedom- $1200 (3/15)
Nordstrom- $1500 (9/14)
Discover IT- $1000 (2/14)

TCL: $8700

FICO (TU)- 716 (3/15)

User avatar
JMR
Platinum Member
Platinum Member
 
Posts: 70
Joined: Sat Feb 08, 2014 6:01 pm
Location: United States

Postby JMR » Fri Feb 14, 2014 5:40 pm

First purchase with my Discover IT today at Halmark shopping for valentines day. The lady said "Wow, never seen a card like this with numbers on the back, pretty cool". Made me feel special haha!
Citi AAdvantage Platinum Select- $5000 (3/15)
American Express Gold- NPSL (3/15)
Chase Freedom- $1200 (3/15)
Nordstrom- $1500 (9/14)
Discover IT- $1000 (2/14)

TCL: $8700

FICO (TU)- 716 (3/15)

darkguy2
Centurion Member
Centurion Member
 
Posts: 616
Joined: Thu Jan 24, 2013 12:24 am
Location: United States

Postby darkguy2 » Fri Feb 14, 2014 11:36 pm

It is a great card. Was my first as well. I wish they had some more designs for schools.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

sakhalin
Centurion Member
Centurion Member
 
Posts: 249
Joined: Thu Jul 05, 2012 6:55 pm
Location: West Coast

Postby sakhalin » Sat Feb 15, 2014 3:08 am

JMR wrote:First purchase with my Discover IT today at Halmark shopping for valentines day. The lady said "Wow, never seen a card like this with numbers on the back, pretty cool". Made me feel special haha!


Yeah, I get that a lot too. My old Discover IT card had the magnetic strip on the bottom, which confused a lot of cashiers. Sadly, my original IT card got misplaced (not even my fault!! -_-), and my replacement one has the magnetic strip up top.

Did you get the blue one?
AMEX BCE ($20,000), Citi Forward ($6,800), Discover IT ($5,250), BoA Travel Rewards ($1,800)



Return to “Discover, Diners Club”

Who is online

Users browsing this forum: No registered users and 2 guests