However, Discover notes that preapproved credit card offers do not mean guaranteed approval. How Accurate Is Discover Credit Card Preapproval?īecause you provide your basic personal and financial information and give the Discover permission to pull your credit report, the cards you’re presented with will likely be approved if you apply. Discover’s pre-application tool will autofill the information that you already provided which streamlines the process. Within seconds you will be presented with additional options, should any be available.Īt that stage, you can read about the credit cards for which you are preapproved, and can select the one that you want. How To Check Preapproval StatusĪfter filling out the online preapproval form, you will see a box at the bottom of the page asking you if you wish to receive further electronic communications, give Discover permission to pull your credit report.If you click the box, the system will search for preapproval offers. In this case, you’ve been preapproved for the card, and may even be eligible for competitive introductory APRs. ![]() That means you appeared on a list of consumers who met the credit card’s initial credit criteria, which it obtained from the credit bureaus. Your choices are cash back, travel rewards, balance transfer, or other.ĭiscover may also mail you a pre-screened credit card offer. You will select from “own home,” “rent,” or “other.” Once you start completing the application, you will see that it requires more detailed information, such as: Discover has many different credit cards, so you will also see a drop-down menu for the card benefit you’re looking for, such as cash back, travel rewards, or a balance transfer. You will have to input your identifying information, such as your name, address, and date of birth. At the top, you will see that the company assures applicants that there will be no adverse action against their credit when they use this feature. To check for preapproval, visit the Discover website to access the preapproval form. State restrictions may apply.įor debt consolidation, even with a lower interest rate, your new loan may cost more if the term of your new loan is longer than the term of the debt you are paying off. A Discover personal loan cannot be used to pay for post-secondary education, to pay off a secured loan, or to directly pay off a Discover credit card.How To Get Preapproved for Discover Credit Cards Many factors are used to determine your rate, such as your credit history, application information and the term you select. Our lowest rates are available to consumers with the best credit. You must have a minimum individual or household annual income of $25,000 to be considered for a Discover personal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history and application information meet all requirements. For example, if you get approved for a $15,000 loan at 12.99% APR for a term of 72 months, you'll pay just $301 per month. Your APR will be between x and x based on creditworthiness at time of application for loan terms of x- x months. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries. ![]() This benefit may change or end in the future. Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. Customers will see up to a year of recent scores online. Your score, key factors and other credit information are available on and cardmembers are also provided a score on statements. See /FICO about the availability of your score. This information is intended for and only provided to Primary account holders who have an available score. †FICO® Credit Score Terms: Your FICO® Credit Score, key factors and other credit information are based on data from TransUnion® and may be different from other credit scores and other credit information provided by different bureaus. See lender's website for further details. ![]() **Compared lenders may provide a FICO® Credit Score or other credit score and other credit information. ![]() FICO® Score, number of credit inquiries and other credit report information for free**,†.
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