3rd Discover card? BTcard ideas?? 3rd NFCU card?

4 months ago

Fri May 03, 2024 10:00 pm

mgood

Seasoned Rebel

Level3 Last INQMonday, May 13, 2024 Gardening For3 months, 25 days, 20 hours, and 36 minutes Next Level in5 days, 3 hours, and 24 minutes on September 13th INQ 1yr onTuesday, May 13, 2025 INQ 1yr in8 months, 5 days, 3 hours, and 24 minutes INQ 2yr onWednesday, May 13, 2026 INQ 2yr in1 year, 8 months, 5 days, 3 hours, and 24 minutes Goal12 months Goal DateTuesday, May 13, 2025 Goal In8 months, 5 days, 3 hours, and 24 minutes

NoMoneyNoHoney wrote: ↑Fri May 03, 2024 3:33 am #3. Can you get a 3rd discover card??

I think you can only have two. You can get one every 12 months and can hold two at any given time. . . . But honestly now I'm not sure if those rules are for two of the same card or two of any Discover cards. Like I have two of the IT Cash Back cards. If I understand correctly, I'll need to cancel one before I can apply for another.

TU8 799/EX8 786/EQ8 805 EQ5 770/EX2 757 8/18/2023

4 months ago

Fri May 03, 2024 10:16 pm

Saeren

Rebel Administrator

Recent HP or new account.

Level0 Last INQFriday, August 23, 2024 Gardening For15 days, 20 hours, and 36 minutes Next Level in15 days, 3 hours, and 24 minutes on September 23rd INQ 1yr onSaturday, August 23, 2025 INQ 1yr in11 months, 15 days, 3 hours, and 24 minutes INQ 2yr onSunday, August 23, 2026 INQ 2yr in1 year, 11 months, 15 days, 3 hours, and 24 minutes Goal6 months Goal DateSunday, February 23, 2025 Goal In5 months, 15 days, 3 hours, and 24 minutes

#1 I don't remember about Disco... I thought they used EX for me either way but I didn't pay a lot of attention. #2 https://www.discovercard.com/applicatio ... al/initial #3 Only two. #4 AMEX almost always pulls EX. #5 Navy Federal is a wild card. They have more of a tendency to grow than to start off large sometimes and other times they start handing out $25K limits right and left. Also, their prequal tool isn't even remotely accurate, so don't be surprised if they shoot you down for the third card (they've shot me down three times). #6 TD Bank is not known for their generosity. This is the same bank behind the Target REDcard where people get $200 or $300 and stay there for years sometimes. #7 I don't know a lot about HSBC, sorry. #8 AMEX and NFCU aren't generally sensitive to credit seeking. Disco has a habit of denying second cards if you have recent new account activity. I don't see a lot of options for you to guarantee yourself a large limit. Your debt load is very high and when credit card delinquencies are exploding, like they are right now, lenders get very skittish about high debt load, even with high income (as the income can vanish in an instant and leave them holding the bag).

4 months ago

Thu May 09, 2024 2:15 am

ptatohed

Seasoned Rebel

Sorry, no (direct) answers to your questions, just tough love. I think you need to:

1.) Lock up all your credit cards. No more spending on credit cards. Cash/debit only until this debt is paid down.
2.) Get those rates down by any means necessary. This can be anything - BT options, call and ask for a rate reduction, hardship programs, personal or HELOC loans, etc.
3.) Use the Avalanche method and direct the majority of your payments to the highest rate cards first.

Good luck!

4 months ago

Wed May 22, 2024 6:49 pm

NoMoneyNoHoney

Seasoned RebelNeed BTC card

NoMoneyNoHoney has passed the 12 month threshold!
No scorable inquiries on file!

Level20 Last INQSunday, January 1, 2023 Gardening For1 year, 8 months, 6 days, 20 hours, and 36 minutes Next Level in23 days, 3 hours, and 24 minutes on October 1st INQ 1yr onMonday, January 1, 2024 INQ 1yr reached8 months, 6 days, 20 hours, and 36 minutes ago INQ 2yr onWednesday, January 1, 2025 INQ 2yr in3 months, 24 days, 3 hours, and 24 minutes

Saeren wrote: ↑Fri May 03, 2024 10:16 pm #1 I don't remember about Disco... I thought they used EX for me either way but I didn't pay a lot of attention. #2 https://www.discovercard.com/applicatio ... al/initial #3 Only two. #4 AMEX almost always pulls EX. #5 Navy Federal is a wild card. They have more of a tendency to grow than to start off large sometimes and other times they start handing out $25K limits right and left. Also, their prequal tool isn't even remotely accurate, so don't be surprised if they shoot you down for the third card (they've shot me down three times). #6 TD Bank is not known for their generosity. This is the same bank behind the Target REDcard where people get $200 or $300 and stay there for years sometimes. #7 I don't know a lot about HSBC, sorry. #8 AMEX and NFCU aren't generally sensitive to credit seeking. Disco has a habit of denying second cards if you have recent new account activity. I don't see a lot of options for you to guarantee yourself a large limit. Your debt load is very high and when credit card delinquencies are exploding, like they are right now, lenders get very skittish about high debt load, even with high income (as the income can vanish in an instant and leave them holding the bag).

Thanks for the detailed replies and reading my entire post!!!! You're awesome!!! question on authorized users - My GF/life partner as pretty good credit (owns a home, use to have 800+ score) if she adds me as an authorized user to her discover (she's had discover card for 5 years I think) would that boost my fico score?? She's never missed a payment on the discover card ( I think it's 20K ++credit line) but she recently co-signed on a car and the person(her sister) missed one payment but that had nothing to do with discover. Only thing is I already have two discover cards so I don't know if it helps me. She also has chase preffered card she could add me to also...not sure what to do ...thoughts???

TU8 799/EX8 786/EQ8 805 EQ5 770/EX2 757 8/18/2023

4 months ago

Thu May 23, 2024 12:29 pm

Saeren

Rebel Administrator

Recent HP or new account.

Level0 Last INQFriday, August 23, 2024 Gardening For15 days, 20 hours, and 36 minutes Next Level in15 days, 3 hours, and 24 minutes on September 23rd INQ 1yr onSaturday, August 23, 2025 INQ 1yr in11 months, 15 days, 3 hours, and 24 minutes INQ 2yr onSunday, August 23, 2026 INQ 2yr in1 year, 11 months, 15 days, 3 hours, and 24 minutes Goal6 months Goal DateSunday, February 23, 2025 Goal In5 months, 15 days, 3 hours, and 24 minutes

NoMoneyNoHoney wrote: ↑Wed May 22, 2024 6:49 pm
Saeren wrote: ↑Fri May 03, 2024 10:16 pm #1 I don't remember about Disco... I thought they used EX for me either way but I didn't pay a lot of attention. #2 https://www.discovercard.com/applicatio ... al/initial #3 Only two. #4 AMEX almost always pulls EX. #5 Navy Federal is a wild card. They have more of a tendency to grow than to start off large sometimes and other times they start handing out $25K limits right and left. Also, their prequal tool isn't even remotely accurate, so don't be surprised if they shoot you down for the third card (they've shot me down three times). #6 TD Bank is not known for their generosity. This is the same bank behind the Target REDcard where people get $200 or $300 and stay there for years sometimes. #7 I don't know a lot about HSBC, sorry. #8 AMEX and NFCU aren't generally sensitive to credit seeking. Disco has a habit of denying second cards if you have recent new account activity. I don't see a lot of options for you to guarantee yourself a large limit. Your debt load is very high and when credit card delinquencies are exploding, like they are right now, lenders get very skittish about high debt load, even with high income (as the income can vanish in an instant and leave them holding the bag).
Thanks for the detailed replies and reading my entire post!!!! You're awesome!!! question on authorized users - My GF/life partner as pretty good credit (owns a home, use to have 800+ score) if she adds me as an authorized user to her discover (she's had discover card for 5 years I think) would that boost my fico score?? She's never missed a payment on the discover card ( I think it's 20K ++credit line) but she recently co-signed on a car and the person(her sister) missed one payment but that had nothing to do with discover. Only thing is I already have two discover cards so I don't know if it helps me. She also has chase preffered card she could add me to also...not sure what to do ...thoughts???

Authorized user cards won't really do much for an already established profile as it is and thanks to rampant abuse (people have been known to *sell* AU slots), most credit scores toss them out anyway. The real benefit from AUs is being able to combine purchases for cash back. It doesn't really hurt to have one, unless she's carrying high balances that would hurt your utilization, it just may not particularly help either.

4 months ago

Thu May 23, 2024 5:56 pm

NoMoneyNoHoney

Seasoned RebelNeed BTC card

NoMoneyNoHoney has passed the 12 month threshold!
No scorable inquiries on file!

Level20 Last INQSunday, January 1, 2023 Gardening For1 year, 8 months, 6 days, 20 hours, and 36 minutes Next Level in23 days, 3 hours, and 24 minutes on October 1st INQ 1yr onMonday, January 1, 2024 INQ 1yr reached8 months, 6 days, 20 hours, and 36 minutes ago INQ 2yr onWednesday, January 1, 2025 INQ 2yr in3 months, 24 days, 3 hours, and 24 minutes

Saeren wrote: ↑Thu May 23, 2024 12:29 pm
NoMoneyNoHoney wrote: ↑Wed May 22, 2024 6:49 pm
Saeren wrote: ↑Fri May 03, 2024 10:16 pm #1 I don't remember about Disco... I thought they used EX for me either way but I didn't pay a lot of attention. #2 https://www.discovercard.com/applicatio ... al/initial #3 Only two. #4 AMEX almost always pulls EX. #5 Navy Federal is a wild card. They have more of a tendency to grow than to start off large sometimes and other times they start handing out $25K limits right and left. Also, their prequal tool isn't even remotely accurate, so don't be surprised if they shoot you down for the third card (they've shot me down three times). #6 TD Bank is not known for their generosity. This is the same bank behind the Target REDcard where people get $200 or $300 and stay there for years sometimes. #7 I don't know a lot about HSBC, sorry. #8 AMEX and NFCU aren't generally sensitive to credit seeking. Disco has a habit of denying second cards if you have recent new account activity. I don't see a lot of options for you to guarantee yourself a large limit. Your debt load is very high and when credit card delinquencies are exploding, like they are right now, lenders get very skittish about high debt load, even with high income (as the income can vanish in an instant and leave them holding the bag).
Thanks for the detailed replies and reading my entire post!!!! You're awesome!!! question on authorized users - My GF/life partner as pretty good credit (owns a home, use to have 800+ score) if she adds me as an authorized user to her discover (she's had discover card for 5 years I think) would that boost my fico score?? She's never missed a payment on the discover card ( I think it's 20K ++credit line) but she recently co-signed on a car and the person(her sister) missed one payment but that had nothing to do with discover. Only thing is I already have two discover cards so I don't know if it helps me. She also has chase preffered card she could add me to also...not sure what to do ...thoughts???
Authorized user cards won't really do much for an already established profile as it is and thanks to rampant abuse (people have been known to *sell* AU slots), most credit scores toss them out anyway. The real benefit from AUs is being able to combine purchases for cash back. It doesn't really hurt to have one, unless she's carrying high balances that would hurt your utilization, it just may not particularly help either.

Thanks! 1. Does it matter to be added to someone's discover card if I already have two discover cards?? Does discover not count the AU after havig two cards?? 2. So I found out her discover card has 25K in available credit (zero balance) and she's actually had it for 15 years.. Her FICO is very high 700's (778 I think).... wouldn't being added as an AU to this account increase my overall aggregate credit line and reduce my utilization rate? Is that how it works? Getting 25K more in available credit could make my aggregate utilzation percentage go below the big 30% threshold which I could imagine would be a big FICO score increase 3. Is Chase good for being added as an AU?? SHe does have a chase preferred visa w/ 15K limit and 3 years of history (zero balance). Sorry to ask so many questions, these small details matter I guess, so I"m being careful.

4 months ago

Fri May 24, 2024 3:51 am

Dinosaur

Seasoned RebelDinosaur

Level4 Last INQMonday, April 8, 2024 Gardening For4 months, 30 days, 20 hours, and 36 minutes Next Level in3 hours and 24 minutes on September 8th INQ 1yr onTuesday, April 8, 2025 INQ 1yr in7 months, 3 hours, and 24 minutes INQ 2yr onWednesday, April 8, 2026 INQ 2yr in1 year, 7 months, 3 hours, and 24 minutes Goal24 months Goal DateWednesday, April 8, 2026 Goal In1 year, 7 months, 3 hours, and 24 minutes

NoMoneyNoHoney wrote: ↑Thu May 23, 2024 5:56 pm
Saeren wrote: ↑Thu May 23, 2024 12:29 pm
NoMoneyNoHoney wrote: ↑Wed May 22, 2024 6:49 pm Thanks for the detailed replies and reading my entire post!!!! You're awesome!!! question on authorized users - My GF/life partner as pretty good credit (owns a home, use to have 800+ score) if she adds me as an authorized user to her discover (she's had discover card for 5 years I think) would that boost my fico score?? She's never missed a payment on the discover card ( I think it's 20K ++credit line) but she recently co-signed on a car and the person(her sister) missed one payment but that had nothing to do with discover. Only thing is I already have two discover cards so I don't know if it helps me. She also has chase preffered card she could add me to also...not sure what to do ...thoughts???
Authorized user cards won't really do much for an already established profile as it is and thanks to rampant abuse (people have been known to *sell* AU slots), most credit scores toss them out anyway. The real benefit from AUs is being able to combine purchases for cash back. It doesn't really hurt to have one, unless she's carrying high balances that would hurt your utilization, it just may not particularly help either.
Thanks! 1. Does it matter to be added to someone's discover card if I already have two discover cards?? Does discover not count the AU after havig two cards?? 2. So I found out her discover card has 25K in available credit (zero balance) and she's actually had it for 15 years.. Her FICO is very high 700's (778 I think).... wouldn't being added as an AU to this account increase my overall aggregate credit line and reduce my utilization rate? Is that how it works? Getting 25K more in available credit could make my aggregate utilzation percentage go below the big 30% threshold which I could imagine would be a big FICO score increase 3. Is Chase good for being added as an AU?? SHe does have a chase preferred visa w/ 15K limit and 3 years of history (zero balance). Sorry to ask so many questions, these small details matter I guess, so I"m being careful.

In my inquiries of Discover, they said there was a policy in place that a person could only have two Discover accounts at the same time (last year). Now I remember this was not always the case a few years back (could have four or ___?). Today, I have not tried for more than two, so the question lays out there?

TU8 799/EX8 786/EQ8 805 EQ5 770/EX2 757 8/18/2023

4 months ago

Fri May 24, 2024 10:16 pm

Saeren

Rebel Administrator

Recent HP or new account.

Level0 Last INQFriday, August 23, 2024 Gardening For15 days, 20 hours, and 36 minutes Next Level in15 days, 3 hours, and 24 minutes on September 23rd INQ 1yr onSaturday, August 23, 2025 INQ 1yr in11 months, 15 days, 3 hours, and 24 minutes INQ 2yr onSunday, August 23, 2026 INQ 2yr in1 year, 11 months, 15 days, 3 hours, and 24 minutes Goal6 months Goal DateSunday, February 23, 2025 Goal In5 months, 15 days, 3 hours, and 24 minutes

NoMoneyNoHoney wrote: ↑Thu May 23, 2024 5:56 pm
Saeren wrote: ↑Thu May 23, 2024 12:29 pm
NoMoneyNoHoney wrote: ↑Wed May 22, 2024 6:49 pm Thanks for the detailed replies and reading my entire post!!!! You're awesome!!! question on authorized users - My GF/life partner as pretty good credit (owns a home, use to have 800+ score) if she adds me as an authorized user to her discover (she's had discover card for 5 years I think) would that boost my fico score?? She's never missed a payment on the discover card ( I think it's 20K ++credit line) but she recently co-signed on a car and the person(her sister) missed one payment but that had nothing to do with discover. Only thing is I already have two discover cards so I don't know if it helps me. She also has chase preffered card she could add me to also...not sure what to do ...thoughts???
Authorized user cards won't really do much for an already established profile as it is and thanks to rampant abuse (people have been known to *sell* AU slots), most credit scores toss them out anyway. The real benefit from AUs is being able to combine purchases for cash back. It doesn't really hurt to have one, unless she's carrying high balances that would hurt your utilization, it just may not particularly help either.
Thanks! 1. Does it matter to be added to someone's discover card if I already have two discover cards?? Does discover not count the AU after havig two cards?? 2. So I found out her discover card has 25K in available credit (zero balance) and she's actually had it for 15 years.. Her FICO is very high 700's (778 I think).... wouldn't being added as an AU to this account increase my overall aggregate credit line and reduce my utilization rate? Is that how it works? Getting 25K more in available credit could make my aggregate utilzation percentage go below the big 30% threshold which I could imagine would be a big FICO score increase 3. Is Chase good for being added as an AU?? SHe does have a chase preferred visa w/ 15K limit and 3 years of history (zero balance). Sorry to ask so many questions, these small details matter I guess, so I"m being careful.

1. No, the AU won't count. 2. It would affect your utilization on scoring models that count the card. 3. The main reason people add AUs to established profiles is to get additional cash back rewards. Bear in mind that AU accounts affect your age of accounts as well so make sure that these cards are older than your cards on average.