"Discover Has Policy? :( Booo"
Discover® More Card Review
Written by: deadmba on 2011-10-01
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deadmba's review: 
Declined due to my first card with discover not being seasoned for 6 months. I make a tone of cash and credit scores almost at the 700 mark. I pay balances in full!!!!
I called the back door number and told the CSR about Citi Card giving me higher credit lines and a second card with my first card only having 2 months of seasoning. The CSR told me tuff - luck and wait unitl my first card is seasoned for 6 months.
Please let me know where to apply now????
I have 1 discover, 2 citi, and 2 capital one cards.
Thanks all,
dead MBA
Declined due to my first card with discover not being seasoned for 6 months. I make a tone of cash and credit scores almost at the 700 mark. I pay balances in full!!!! I called the back door number and told the CSR about Citi Card giving me higher credit lines and a second card with my first card only having 2 months of seasoning. The CSR told me tuff - luck and wait unitl my first card is seasoned for 6 months.
Please let me know where to apply now????
I have 1 discover, 2 citi, and 2 capital one cards.
Thanks all,
dead MBA
4 Comments
Comment 1 by roughdraft
Re: Discover Has Policy? :( Booo 
on 2011-10-01
I guess that would depend on what kind of card you are looking for? A lot of times, no annual fees come with higher APR, and reward cards have annual fees, etc. A good rule of thumb for me is that I don't apply for more credit than I need. I have about 5 cards total but use them each month. To have the best scores all you need is 2-5 credit cards, 1 store card and an installment loan or a mortgage. What I also do is I try not to apply for cards that pull the same credit bureau. For example, the last card I applied for was the JCPenny card because GEMoney Bank pulls TU. I have the least inquiries on TU. GEMoney has a long list of cards, including the Paypal card that usually offers high limits to credit scores like yours.
on 2011-10-01 I guess that would depend on what kind of card you are looking for? A lot of times, no annual fees come with higher APR, and reward cards have annual fees, etc. A good rule of thumb for me is that I don't apply for more credit than I need. I have about 5 cards total but use them each month. To have the best scores all you need is 2-5 credit cards, 1 store card and an installment loan or a mortgage. What I also do is I try not to apply for cards that pull the same credit bureau. For example, the last card I applied for was the JCPenny card because GEMoney Bank pulls TU. I have the least inquiries on TU. GEMoney has a long list of cards, including the Paypal card that usually offers high limits to credit scores like yours.
Comment 2 by wanderer
Re: Discover Has Policy? :( Booo on 2011-10-01
Heard the same thing from Discover Card myself, six months minimum and you know they are conservative. As to other cards... Chase Freedom has served me well.
on 2011-10-01 Heard the same thing from Discover Card myself, six months minimum and you know they are conservative. As to other cards... Chase Freedom has served me well.
Comment 3 by rsty99
Re: Discover Has Policy? :( Booo on 2011-10-01
I would just hold off, USAA told me about a year ago the banks are really like if you only have a few cards in our new credit world, this means for me if I bank with them I have a cc. I canceled everything else. I have Chase Freedom and would also recommend, plus if you bank with Chase you can add the 10/10 program to the Chase Freedom card. This program was started in 2009, link:
http://investor.shareholder.com/jpmorganchase/releasedetail.cfm?releaseid=403188
Sorry to hear your deal with Discover but there are many other options out there for you.
on 2011-10-01 I would just hold off, USAA told me about a year ago the banks are really like if you only have a few cards in our new credit world, this means for me if I bank with them I have a cc. I canceled everything else. I have Chase Freedom and would also recommend, plus if you bank with Chase you can add the 10/10 program to the Chase Freedom card. This program was started in 2009, link:http://investor.shareholder.com/jpmorganchase/releasedetail.cfm?releaseid=403188
Sorry to hear your deal with Discover but there are many other options out there for you.
Comment 4 by bc8787
Re: Discover Has Policy? :( Booo on 2011-10-02
Just FYI creditors do not like when you pay in full all the time. they don't make any money off of you if you do that. i do it SOMETIMES when I can but i do it on cards that I have accured interest on over time as well.
And yes discover is very conservative like american express. It does suck for us consumers in the high 600-low 700 range but look at where it has gotten them... Financially amex and discover are better off than all the other credit card companies. They have a lower default rate than other credit card companies. So it looks like they are doing something right. I just got approved with Discover as well and my credit line with them is lowest out of all my cards but I am happy to know that i was approved giving that they are very conservative with who they hand out credit too.
on 2011-10-02 Just FYI creditors do not like when you pay in full all the time. they don't make any money off of you if you do that. i do it SOMETIMES when I can but i do it on cards that I have accured interest on over time as well. And yes discover is very conservative like american express. It does suck for us consumers in the high 600-low 700 range but look at where it has gotten them... Financially amex and discover are better off than all the other credit card companies. They have a lower default rate than other credit card companies. So it looks like they are doing something right. I just got approved with Discover as well and my credit line with them is lowest out of all my cards but I am happy to know that i was approved giving that they are very conservative with who they hand out credit too.
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Disclaimer: This content is not provided by Discover Card. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Discover Card. Review content is powered by Finance Globe.
