I applied for this card with a CK score of 705 and FICO TU of 682 and gave me 7-10 message. Called credit center in Utah (btw I love discover cs because they tell you exactly which call center you call) and the lady asked me more information and told me I would be receiving a letter in 7-10 days and I asked her if I had been denied, she said no, that it still needed more processing time. So i guess she felt pity for me and went ahead and asked if I was employed and verified my income (25K) and length of employment. She put me on hold for about 2 minutes came back and said I had been denied for the Student More Card because I'm currently a student at a 2-year college. She then said she could approve me for a regular Discover More card. I said yes ofcourse! My first real discover card! She gave me a limit of 1500 and asked me if that was enough, I said ok because I was excited. I had applied for discover before a year ago. This was a lucky approval because in Texas they mostly pull EQ and I had lots of inquiries. I had about 2 on TU. My oldest account was opened about 2 years ago.
chris91's response was:
Duh... they don't charge interest unless you become delinquent. Therefore, they have to get the money from somewhere to award you points on travel and other stuff. That stuff is not free.
chris91's reply was:
I think you guys aren't playing the credit game. You get a credit card and use it, pay it off, then just chill for about 2 years (no inquiries during that time). Then prescreened credit offers will start coming in the mail. One thing I know about American Express, if they send you an invitation to apply, its a sure bet you will get the card.
Overall the card would seem to be good but I wouldn't know since I DIDN'T get approved! With a CK score of 714 and FICO TU 681 I was denied for this card however, I was approved for a Discover More Card!(pulled TU) I truly find this ridiculous! Correct me if im wrong, but isn't Discover a better bank than Citi?
Customer service is awesome. Got a 1500 credit line with a 2 year history. Highest CK score was 714. Now its 629. However, FICO is what matters with Discover and it was 689 when approved. Pulled TU in Houston, TX. 5% cash back is way awesome.
Well it depends... did you reply to a pre-approved offer? I know my sister has bad credit so she responded to a pre-approved offer and was approved for 300. She has scorewatch from myfico but she never received an alert. I wonder if they pulled EX or TU?!
If I had your scores, I wouldn't want a Citi forward for students. I would get Amex or Discover.
I do agree with some of your points. But putting a bank out of business is not easy!! Plus greedy banks is part of capitalism, which is survival of the fittest. Why do you think the banks who took the bail out are still here?