Credit card application is not free, it costs you credit points! Yes, it’s true, so is there any way to check whether you’ll qualify for any credit card or not without applying? Discover.com/noharm platform gives you this opportunity.
Credit cards from Discover are one of the most desirable credit cards you can find. For this, there are a number of reasons, on top of which is their cashback reward system.
Moreover, applying for a credit card doesn’t mean you’ll get one so you might end up just losing 20 credit points and nothing else. Now that’s an Ouch!
What is Discover.com/NoHarm?
This is a service from Discover.com for, especially someone who hasn’t received any pre-approval offer from the bank. Primarily there are two ways in which you can initiate a credit card application.
Firstly, if you are lucky you can get a pre-approval offer, which means the bank has performed a ‘soft’ check on your credentials and think that you might qualify for their credit card.
- This ‘soft’ check has no impact on your credit report.
Secondly, if you haven’t received an offer, you can directly apply for a credit card. But a formal application for the credit card is processed with a ‘hard’ check on your financial report.
This ‘hard’ check costs around 20 points from your credit score, hence your credit score drops.
Therefore, isn’t it better if you are reasonably sure about getting a credit card before formally applying for one? Discover.com/noharm is a service from Discover.com that enables you to check whether you pre-approved for any credit card from Discover.com or not.
Most importantly, this will not harm your credit score as the Discover.com platform will not perform a ‘hard’ check of your financial report for generating results of pre-approval.
How To Use Discover.com/NoHarm
The procedure to use this amazing free-of-cost and free-of-credit-score service are quite simple.
- Use any PC or smartphone to access the webpage of discover.com/noharm
- You’ll land at a one-page application form that requires you to answer a few basic questions. You’ll have to enter your name, address, whether you are a student or not, and some other personal information.
- Apart from the personal information, you’ll also have to enter a few pieces of information related to your financial condition. This will include your Annual Gross Income, Rent, Housing Status, Bank Accounts owned, etc.
- Lastly, the application will also ask you about the preferred benefits that you expect from a credit card. This will allow the discover.com/noharm platform to best match you with their credit cards.
- After entering all the information, the last thing the page will ask you to check a box under the ‘Electronic Communications’ section if you want paperless communication with Discover.com. Therefore, it is totally up to you, that you want paperless communication or not.
- Now all you have to do is press the orange ‘Check Now’ button to see the options of credit cards for which you pre-approved.
In case you are wondering, the information you are providing in this one-page application is perfectly safe with the bank. You can ensure security by going through the security and privacy terms and conditions given through a link at the bottom of the page. Moreover, on the upper right corner of the page, there is a ‘lock’ sign that says ‘This form is secure’. You can click on ‘secure; to open the security certificate details that the form is using.
Interpreting The Results Of Discover.com/NoHarm
Depending on your choice, you might receive the pre-approval results via mail or electronically via email. The results totally depend on your creditworthiness and if any credit card offer matches your status, you’ll be pre-approved for that.
Now after getting a pre-approval for a specific credit card, you can formally reply to the offer and apply for the credit card. The pre-approval offer has increased your chances of actually getting the credit card.
Therefore, it is now worth a shot to apply for one, because now there are more chances that by sacrificing a few credit points you’ll be able to get a credit card.
The credit cards from Discover.com are quite common and famous because of the benefits they offer. Therefore, if you are planning to apply for one, then before the formal application you should check whether you pre-qualify for any card or not.
As a full credit card application will cost you around 20 credit points, hence negatively affecting your credit score, you should think hard before applying. Applying for a credit card for which there are more chances that you’ll get approved is a sensible choice.
Therefore, consider using discover.com/noharm before applying for a credit card and share your feedback with us through the comments section.