How long does Discover take to approve you?
The Discover it Secured approval time the same as for any card. If your file is all clear as rain, it’ll be instantly. If they need to check more details, it’ll take a couple of days while they verify your information. If you don’t get a response right away, they’ve got an application status checker on their website.
How long does Discover take to review documents?
Allow up to 5 business days for processing.
Why wont Discover approve me?
The reasons will be listed in the denial letter Discover sends out shortly after its decision. They may include an annual income below what’s needed to make minimum monthly payments, a low credit score, too many recent credit inquiries or a high amount of debt, among others.
Why does Discover take so long to verify?
The credit card approval time can be extended by something as trivial as verifying your personal information due to some discrepancies between your application info and your credit file, but it may also mean that the issuer is concerned about its exposure (especially if you already have another credit line with them).
Is Discover hard to get approved for?
Even the best Discover credit cards are aimed at consumers with scores of 670 or above. A score of 700 or more is well beyond what you need. That doesn’t mean an approval is guaranteed, as there are reasons Discover could deny your application despite a high credit score.
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.
How long does it take for a card to activate?
In many cases, you have 45 to 60 days to activate a new credit card. Some lenders will reach out if you don’t activate your credit card during the activation period to confirm you received your card but this is not a guarantee.
What is the average credit limit on a Discover it 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.