Discover IT approved, with a LOW credit limit and a HIGH APR :/

[cabronsaim]

Should I still celebrate?
They didnt like the fact that i had 2 cards close to max ...lol.
Im getting 3.99 intro Apr, then 22.9%....
With 1200 credit limit....
They did deny me about a year ago, so this feels a bit better than last.

[09Lexie]

You should celebrate! Discover is awesome.
Welcome to the Discover family.

[webhopper]

You should celebrate... My limit started around there, and look where it is now.. 13.5k.

dont feel bad, celebrate!  Use it wisely, pay in full, dont exceed your limit.  Discover is nice about doing Auto CLIs

[youngandcreditwrthy]

Congrats!!

[asteroidblues86]

Congrats. You should be happy. Just PIF. Discover slowly gives auto increases over time with regular usage.

[cabronsaim]

Uhmm, starting to feel better now...
Any of you can tell me the bigger difference between this and discover more?

[sarkell]

I got approved too for 3k but my utilization was low 11% and I have good income plus an account from 8 years ago still on my credit report. I don't know about my apr yet it was instant. I'll find out next week.

[andre181]

You should be happy. Discover started me off with a CL of $1,080 (random number!) and 3 years later, its at $15,300.

The biggest difference between More and IT is the IT earns at least 1% everywhere all the time, plus the 5% in bonus catagories. The More had a $3000 spending requirement before you started earning a full 1%.

With the IT, they also will not charge you a late fee on your first late payment, and will never charge you a penalty APR. 

[asteroidblues86]

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@andre181 wrote:

The biggest difference between More and IT is the IT earns at least 1% everywhere all the time, plus the 5% in bonus catagories. The More had a $3000 spending requirement before you started earning a full 1%.

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And More never gives 1% at discount stores such as Wal-mart or warehouse clubs such as Sam's Club.

[cabronsaim]

Ohhhhh.
5% in rotating cats sounds nice.:-)