A bit shocked by Discover Credit Line!

[vwgrrc]

Just pulled the trigger on a Discover offer I repeatly received in mail. Instant approval for $1000. Really? $1000?

I have about $140K in total credit limit. Amex 30k, BBVA 20K, Arrival+ (got in April) 20K, and several prime cards well over $10K. All are original CLs other than Amex.

What would be the earliest possibile time to request a CLI from Discover? How much can I expect? HP or SP? Thanks

[Anonymous]

Welcome to the Discover $1k club   lol   I tried to get an increase to no avail.  Though I am sure my credit history is not the same as yours. 

[Anonymous]

What was your score? Any derogs? I'm about to pull the trigger on a similar mailer. 

[Anonymous]

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@Anonymous wrote:

What was your score? Any derogs? I'm about to pull the trigger on a similar mailer. 

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700/663, forclosure in 2010.  They pulled EQ an EX for me, but I hear that isn't normal.  I applied via a prequal mailer. 

[vwgrrc]

About 740-760 across all three. Perfect file.

Good luck!

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@Anonymous wrote:

What was your score? Any derogs? I'm about to pull the trigger on a similar mailer. 

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[aussiesareforever]

Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.

[Anonymous]

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@aussiesareforever wrote:

Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.

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You don't even have to use it that much. I spend very little, and I've gone from $3K to $21,250.

[Berk]

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@aussiesareforever wrote:

Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.

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That has not been my experience lately. I got my discover in 09 with a starting limit of 1.5K. When the first wave of "Discover LUV" craze was going on I went from a 10K limit to 25K in 6 months. Now I'm at 36.5K and all I do is pay my DirecTV and Netflix bill with it and use it for the occassional small BT. 

[mongstradamus]

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@Berk wrote:

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@aussiesareforever wrote:

Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.

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That has not been my experience lately. I got my discover in 09 with a starting limit of 1.5K. When the first wave of "Discover LUV" craze was going on I went from a 10K limit to 25K in 6 months. Now I'm at 36.5K and all I do is pay my DirecTV and Netflix bill with it and use it for the occassional small BT. 

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I think they are conservative when it comes to initial CL,but once you have it for an year or so then you will get the sp CLI coming in like crazy. You an probably get an sp cli every quarter or so

[CreditUnionFan]

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@vwgrrc wrote:

Just pulled the trigger on a Discover offer I repeatly received in mail. Instant approval for $1000. Really? $1000?

I have about $140K in total credit limit. Amex 30k, BBVA 20K, Arrival+ (got in April) 20K, and several prime cards well over $10K. All are original CLs other than Amex.

What would be the earliest possibile time to request a CLI from Discover? How much can I expect? HP or SP? Thanks

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Discover usually limits their quarterly categories to $1500 per quarter. So, $1000 might actually work.

When you see the CLI link, Discover advertises that it may require a credit inquiry, but that they will let you know first. If you agree with what Discover grants, it's based on the most recent SP.