Q: I’ve heard that the Discover More card it the best. Does this mean I need a very high credit score in order to apply for this card?
A: In order to be eligible for a Discover More card, your credit rating must be “good”. This means your credit score must fall somewhere between 650 and 750.
The three credit reporting companies—TransUnion, Experian, and Equifax—assign a range of numbers to the words excellent, good, average (sometimes called fair), and poor. An excellent credit score is considered to between 750 and 800.
As mentioned earlier, a good credit score is between 650 and 750. An average (or fair) credit score will fall between 625 and 650. Anything below 650 is considered poor.
If you are considering applying for a Discover More credit card, you may want to check your credit score first. You can request a free credit report from one or all three of the credit reporting companies. This will give you your score as well as other information, including outstanding loans as well as accounts that have paid off.
Once you have your credit report, if you see any discrepancies, such as paid off accounts not being noted as such, you can take steps to see that these are corrected. Once the correction is made, you may notice an improvement in your credit score that may serve to make you eligible for a Discover More card.
- Credit RequiredExcellent Credit
- Rewards ProgramGenerous. 5% cash back on up to $1,500 in Restaurant and Movie purchases from January through March 2014 with free and easy sign-up. And 1% cash back on all other purchases.*
- Signup Bonus0% Intro APR on purchases and balance transfers for 14 Months*Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.