Discover - How to get a decent credit limit?

[lostsols]

Went from $1k to $24k in under 2 years.  Nothing special, just quarterly or semi-annual sp cli's.  Extremely heavy usage for the first year or so, and virtually no usage since then.

[tititii]

Haha!until last year October 2013 I had no major credit cards.... but had a discover student loan.october 2013 I wanted a card, and so I started with citi and they turned me down twice in two weeks. Two hard pulls. Then I turned to discover and voila! approved. Called to find out by how much and I was told 7500 limit. So I used the card for six months. It turned six months this April. So I went online last week,request a credit limit increase of 4500... I wanted to round it up to $12000 if u know what I mean. 60 seconds went by and voila! Approved for $4000 increase. Not the full 4500 I asked for. But I took it and fled. So my limit now stands at $11500. And six months ago I had no major credit card except my Macys and GEHhGregg card. Men I love discover. It pays to u know what!discover!

[RushXTC]

I've always paid double the minimum payment, Then I load up more than that... Until recently where I had medical expenses, I got it up to $2,400 out of my $2,500 limit.

I dropped it to $1,900 and another expense came up, Asked for SP CLI and they denied me. I forgot what the letter say... But I didn't even get a counter offer  to the $5,000 I was asking for.. nothing at all..

I just sent a $500 payment 2 days ago, Will wait another 2 months to drop it to a $1,000 balance before asking again.

[7PM789]

ł just did a request and got bumped from 3.8k to 7.5k

ł probably should've asked for more but ł'm fairly certain it was a soft pull so ł'll take it!

[bk510]

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@shane1120 wrote:

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@bradb wrote:

What type of useage does Discover like to see for CLI's? I've had my discover card for a couple years now and they are definitely the most stingy with limits. I believe the card started out at $2k and now it's only at $3,500. I did a HP CLI and only received a $500 increase.

The funny thing is my BOA card has a $50k limit, chase is at $10k, citi $10k, etc etc.

Any idea? Thanks!

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I would have to disagree with them being stingy. i started last August with the IT card that had an $800 limit. 6 months later i got it increased to 2k then just today i took a fresh hard pull to get it to 5k. they have been my go to card. I PIF every month an never had over 15% UTIL on it.

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Bofore or after statement cuts?

[bk510]

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@awp317 wrote:

IDK they gave me 10k as a starting limit so I cant say they are stingy, but since they to me arent a major player like amex or chase they probably wont extend super high limits. Just depends on your income IMO. IM honestly happy to see the banks cutting back a bit. Thats what got us in the credit crunch mess to begin with that makes getting loans so difficult. 

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Speak for your self,

[bk510]

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@lostsols wrote:

Went from $1k to $24k in under 2 years.  Nothing special, just quarterly or semi-annual sp cli's.  Extremely heavy usage for the first year or so, and virtually no usage since then.

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Cool,

[lg8302ch]

To me it looks that Discover looks at the other cards and limits and compares it to income ...I noticed that customers without a ton of other cards or high limits get really nice limits with Discover but if your CLs are already over your income then they really start you with low limits. I got 2,5K when my other cards were 5K-25K and Discover would not budge to even increase by 500$ ...go figure... With time and a lot of patience (15 months) it worked for me to have Discover adjust my limit to my next lower card my Freedom..  Now I am happy and will leave it alone.

[bk510]

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@tititii wrote:
Haha!until last year October 2013 I had no major credit cards.... but had a discover student loan.october 2013 I wanted a card, and so I started with citi and they turned me down twice in two weeks. Two hard pulls. Then I turned to discover and voila! approved. Called to find out by how much and I was told 7500 limit. So I used the card for six months. It turned six months this April. So I went online last week,request a credit limit increase of 4500... I wanted to round it up to $12000 if u know what I mean. 60 seconds went by and voila! Approved for $4000 increase. Not the full 4500 I asked for. But I took it and fled. So my limit now stands at $11500. And six months ago I had no major credit card except my Macys and GEHhGregg card. Men I love discover. It pays to u know what!discover!

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Thats a trip.....

Congrats,

[bradb]

After using my Discover card as my main card for the past month or so I went ahead and requested a CLI of $1500 and they approved it with a SP.

Thanks for all the info guys.