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What Credit Score Do You Need For A Discover Card? (Solved)

A 700+ credit score is needed to get most Discover credit cards, but there’s no minimum credit score needed for a few Discover cards. You can get the Discover it® Secured Credit Card with a bad credit score (below 640).

  • Remember, Discover is looking for people who have established good credit, so you’re going to need a FICO credit score of 670 or higher. If you’re using the VantageScore credit scoring system, you’ll want a score of 700 or higher.

Can I get a Discover card with a 670 credit score?

You’ll likely qualify for any Discover card if you have good or excellent credit. To clarify, a good credit score is a FICO® Score of 670 or above. Discover it® chrome. Discover it® Miles.

How much income do you need for a Discover Card?

The Discover it Secured Credit Card’s income requirement is a minimum of $10,000 annually unless you’re a college student. For students, there’s usually no proof of income required in order to be approved for the card.

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What is the average credit limit for Discover Card?

In general, the average Discover it® cardholder received an initial limit of around $3,000, with higher limits going to those with exceptional credit and/or particularly high incomes.

What FICO does Discover use?

Discover provides your FICO® Score 8. Lenders use several different kinds of FICO® Scores, depending on the type of loan they provide. Discover provides your score from data on your TransUnion® credit report. Scores may vary when using data from your Experian or Equifax credit report.

How accurate is Discover pre approval?

Being preapproved means you’ve already met a lot of Discover’s requirements based on a harmless soft check of your credit. If you get preapproved for a card, there’s around a 90% chance that you’ll be approved when you apply. You can check online to see if there are any Discover cards you’re likely to be approved for.

Does Discover do a hard pull for credit line increase?

A Discover automatic credit limit increase requires a soft pull of your credit, which does not affect your credit score. However, if you request a credit limit increase on your own, Discover will conduct a hard pull on your credit report, but they cannot do so without your permission.

Does Discover do hard pull?

Yes, the Discover it® Secured Credit Card will do a hard pull. A hard pull usually causes an applicant’s credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months.

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Does Discover ask for proof of income?

American Express and Discover are the two main credit issuers who routinely request Form 4506-T to verify your income.

Which Discover Card gives highest credit limit?

The highest credit limit on a Discover card is not public knowledge, as Discover does not disclose a maximum credit limit for any of its unsecured credit cards. Some Discover cardholders have reportedly been approved for credit limits ranging from $10,000 up to $20,000.

Which Capital One card has the highest credit limit?

Capital One Venture Rewards Credit Card Highest reported credit limit: $58,000, according to a member on the myFICO forums. This is another Visa Signature card, so the minimum credit limit is reportedly $5,000.

What’s the highest credit score you can get?

If your goal is to achieve a perfect credit score, you’ll have to aim for a score of 850. That’s the highest FICO score and VantageScore available for the most widely used versions of both credit scoring models.

What’s a good FICO score?

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Is Discover free FICO score accurate?

That’s not good. I did indeed say that I’ve found — based on what I’ve been told by experts and Discover customers — that FICO scores provided by Discover are accurate. You should note that roughly 90 of the 100 largest banks use FICO scores to make their decisions.

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What is the difference between a FICO score and a credit score?

FICO® Scores and credit scores can be the same thing —but FICO® also creates different products, and other companies create credit scores. You can think of a credit score as the general name for a computer model that analyzes consumer credit reports to determine a score.

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