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Approved from Discovery More - iniitial limit disappointing

Regular Contributor

Approved from Discovery More - iniitial limit disappointing

Was just approved for the Discover More Card.  Initial limit is 1000.00.  Was hoping for at least 3000.00.  Is 1000.00 normal?

Message 1 of 21
20 REPLIES
Mega Contributor

Re: Approved from Discovery More - iniitial limit disappointing

Hi tiff!

Wha does your current credit profile look like:

-Baddies?
-INQ's?
-Current CC's and CL's and age of each account?

This info. will help us better understand your situation!



EQ FICO 548 3/3/16
Message 2 of 21
Valued Contributor

Re: Approved from Discovery More - iniitial limit disappointing

It varies greatly.  I was approved for $5k and that was more than double my highest reporting limit.  I think it helped that I called in a talked to a human.  He asked about my negatives and he was satisfied with the answers.  I was extatic with the CL since they are known for low initial limits.

Message 3 of 21
Regular Contributor

Re: Approved from Discovery More - iniitial limit disappointing

EQ 661

 

3 credit cards

total credit limit 4750

550.00 reporitng

4  30 day lates- 2 - 4 years ago / 2 - 1 1/2 ago

 

Message 4 of 21
Frequent Contributor

Re: Approved from Discovery More - iniitial limit disappointing

I would hardly call $1k a disaster, especially given that it is Discover and you FICO scores and credit history.
Message 5 of 21
Mega Contributor

Re: Approved from Discovery More - iniitial limit disappointing


tiff wrote:

EQ 661

 

3 credit cards

total credit limit 4750

550.00 reporitng

4  30 day lates- 2 - 4 years ago / 2 - 1 1/2 ago

 


Those 2 bolded areas are more than likely the reason for the low limit.



EQ FICO 548 3/3/16
Message 6 of 21
Blogger

Re: Approved from Discovery More - iniitial limit disappointing

I got 6K but because I had read that when people ask for a balance transfer for a few thousand, they usually get a CL a few hundred above the BT.

I asked for a 4.6K BT when I applied (I blame LS for that) and got 6K. I know crunching numbers did something similar as well and got a few thousand too.

 

It's all YMMV, but the baddies might have been the reason.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

AMEX BCE (0/10K) --- BOA 1-2-3 (0/15.9K) --- Discover More (0/6K) --- Chase Freedom Visa (0/1.4K) -- Hyatt Visa Sign. (0/5.8K) -- Barclay's NFL Card (0/7.5K) -- Chase Sapphire Preferred (0/5K)

Message 7 of 21
Valued Contributor

Re: Approved from Discovery More - iniitial limit disappointing

I had just app'd for the card earlier this morning, but my session "timed out," due to firefox, then got the 30day death screen, and then the "make a user profile to track..."
I'll just wait and see what happens. Just got the CapOne Cash a few days ago, so it'll be interesting to see what happens.

Message 8 of 21
Established Contributor

Re: Approved from Discovery More - iniitial limit disappointing


tiff wrote:

EQ 661

 

3 credit cards

total credit limit 4750

550.00 reporitng

4  30 day lates- 2 - 4 years ago / 2 - 1 1/2 ago

 


With this in mind, I don't find a $1,000 limit surprising.  Seems about right really; hopefully you will have luck with limit increases in the future.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Message 9 of 21
Established Contributor

Re: Approved from Discovery More - iniitial limit disappointing

I had no baddies, a score of 724 (they pulled TU) and about $8-9k in credit lines, and they started me out at $1k too. But at least you got the card.

EQ 679 FICO (02/24/2012)
TU 721 FICO (03/10/2012)
EX 703 FICO (05/05/2012)

Cards: NFCU cashRewards $14k, NFCU Platinum $14k, USAA Amex $7k, Amazon Visa $3k, Chase Freedom $2.5k, Amex Zync NPSL, Discover More $1k, Amazon Store $1.3k, Walmart Store $700
Message 10 of 21