Applying for a new Discover credit card is exciting. Waiting to see if you are approved is sort of like a fun game. But sometimes we change our minds and realize there is a better card on the market or opening up a new card is not actually a great idea at this time. That's why knowing how to quickly cancel your Discover Card application is important.
To cancel your Discover Card Application you will need to either reach out to their customer service line at 1-800-347-2683 or chatbox before it is processed. Credit card applications nowadays process quickly unless sent by mail. In this case, you will have more time to reach out to customer service.
Let's go through a step-by-step guide on how to cancel your Discover Card application.
How To Cancel Your Discover Card Application:
Canceling your application online may be the hardest of the three of them. This is because initial evaluations and processing is done quickly. You may have only a few moments to cancel.
Option 1: Call a customer representative
Your best bet is to call 1-800-347-2683 and speak to a customer representative. You only have a few minutes until it is processed so getting a hold of a representative is important.
Option 2: Message an agent
If the lines are busy you can also message an agent at their help center online at https://www.discover.com/credit-cards/help-center/contact-us/
Option 3: Send them an email
The only time that you will be awarded more time than a few minutes is if you apply by sending an application through the mail.
You should still contact a representative by phone or message immediately to let them know you no longer wish to apply.
What Happens if it is Processed?
If you are unable to cancel your Discover Card application before it is processed it is not necessarily the end of the world. You can however expect a few things to happen involving your credit.
A hard inquiry is processed on your credit score as the lender will notify the three major credit bureaus (Experian, TransUnion, Equifax). This inquiry remains there for two years and can result in a ding in credit score. For some, it's not noticeable. For others it is.
The more hard inquiries you have the more likely it is for your credit score to be affected. This becomes an issue for those who have lower or poor credit, to begin with. It limits their ability to apply for better credit cards in the near future.
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Slow The Process
It's not impossible to cancel your Discover Card application once you have applied. However, you usually only have a few minutes to do so. The best way to handle this is to get on the phone immediately with customer service at 1-800-Discover.
If the lines are tied up you can try sending their chatbox a message. All potential credit cardholders should really slow their process down and think about whether they really want to open up a new account.
Should the application process and change their mind it is possible that their credit score will take a small ding. That's why customer service regardless of how you apply can help avoid that if you act quickly.