Discover card

Discussion in 'Credit Talk' started by rolo, Sep 19, 2000.

  1. rolo

    rolo Well-Known Member

    Does any one know if you have to have good credit to qualify for a discover card. and can I apply on line.
  2. roni

    roni Well-Known Member

    the only offer is only for the platinum.
  3. rolo

    rolo Well-Known Member

  4. roni

    roni Well-Known Member

    RE: Discover-some else reply t

    Sorry, the online application is for the platinum discover which would require good credit. That is all I know. Sorry if i upset you.
  5. Jo

    Jo Guest means you've been eating too many Rolos. Calm down..."roni" meant nothing disrespectful by it...
    Anyway, you can apply online for the Platinum (and by the way, Providian and Capital One aren't necressarily prestigious) and if you're not approved for that, they will consider you for the regular card. Both cards are good.
  6. Michael

    Michael Guest

    Jo's right they will consider you for the Gold or Regular one if you don't qualify.

    Also the on line apps I've submitted so far all told me further processing is needed but they were approved for Plat.

    As far as your question about approval chances here's what I have seen from personal exp. and posting here on the board:

    1. about 1 yrs credit history is needed

    2. Discover does not like damaged or blemished history!

    3. About 3-4 trade lines reporting should be enough to get the card.

    4. Discover seems to go on your income more than what other cards have given you, so the credit limits are generaly higher.

    My advise is this. If you don't have many inquiries apply now, and you can reapply in 4-6 months time if not approved.

    If you've got some inquiries why not wait 3-4 months then apply.

    continue to re apply with them and call to ask why your not approved if you are denied.

    I would also ask the rep his/her advice for increasing your chances the next time you apply!
  7. Sorin

    Sorin Well-Known Member

    I got the Discover Platinum with less
    than 1 year of credit history. But i have
    already had 4 other accounts with spotless
    history on them...

    They didn't approve it online, they said it
    will require offline processing. But after
    about 10 days i've got the card in the mail.
  8. David

    David Well-Known Member

    What 4 accounts did you have?
  9. Sorin

    Sorin Well-Known Member

    Capital One MC secured $200
    Providian Visa Classic $1100
    Associated Visa Classic $750 (at that time)
    Citibank Platinum Select $1200

    and i forgot to mention a personal loan
    for $3000 from First Union
  10. David

    David Well-Known Member

    When did you get your cards? You mentioned that you applied for Discover and were approved with less than 1 year credit history.

    Also, were you approved for the Platinum for the standard card?
  11. Sorin

    Sorin Well-Known Member

    Cap One, 9/99
    Providian, 12/99
    Associates, 2/00
    Citibank, 5/00
    First Union Loan 5/00
    Discover, 7/00

    It is a Platinum card, $6000 line, 14.9% APR
    0% APR till 2001.

    I haven't got any credit line before Cap One,
    so i guess that makes less than a year of
    credit history
  12. David

    David Well-Known Member

    WOW! That's great. Did you have balances on your credit cards when you were approved?

    Also, did you have many inquiries?

    Last, I read that Discover sometimes approves if there is a short history, but substantial income; is that your case?
  13. Sorin

    Sorin Well-Known Member

    I usually don't keep balances (i pay in full)
    It is possible that the income was considered, I was making 50k a year at that time.

    And about the inquiries, i had about 5 in the
    last 6 months before applying.
  14. Michael

    Michael Guest


    Thank you Sorin for this great post.

    This is exactly why I've been praising Discover Card, and recomending it so highly.

    If Sorin now applys for an Optima Card he should get it with a $6,000.00 limit thanks to Discover taking him from the $1-2K limits to the $6K figures, and increaseing his FICO score to boot.

    Sorin my strong advise now is to slowly start closing those crappy $200-300.00 sub primes as they come for renewal. Start applying for bigger, and better things!
  15. Sorin

    Sorin Well-Known Member


    >Sorin my strong advise now is to slowly >start closing those crappy $200-300.00 sub >primes as they come for renewal. Start >applying for bigger, and better things!

    This is exactly what i'm planning to do.
    I've already closed Cap One ($200) limit.
    Now I'm trying to decide which one is
    the next. Providian is the only one left
    with annual fee, but if they'll remove it
    i think i'm gonna keep it (i kinda like their
    new online account stuff). The Associates
    have no online access and a huge APR (27%)
    but no annual fee...

    Meanwhile I'm gonna apply for an AMEX.
    Not sure which one though...
  16. BarryN - C

    BarryN - C Guest

    Optima Platinum

    That is a better product to apply for. You will have more leverage if you are denied.

    Just my suggestion,

  17. Michael

    Michael Guest

    RE: Optima Platinum

    I agree, you can then (if denied) request a review and probably get at least a "Blue" Optima card

    Let us know what happens!

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