Reply
Frequent Contributor
koalablue
Posts: 336
Registered: ‎05-23-2012

Re: Discover Slashed Limit

They are conservative. I have a 22000 limit on one of my cards and decent limit on others, and my Discover is stuck at 1700 after a year. To heck with them in my opinion. They are very nice when you call them but I don't like the low limit. i have opened a decent number of new cards in the past year so it's not really a surprise.

Contributor
RonDawg
Posts: 322
Registered: ‎10-19-2012

Re: Discover Slashed Limit


SportBike4Life wrote:

Discover is one of the most conservative at handling out high CL's. It has by far the lowest CL out of all of my cards:smileyfrustrated:


I agree with you on that.

AMEX Platinum, AMEX Blue cash (10k), AMEX Delta (10k), US Bank Premier Line (14.5k), US Bank Cash + (7.5k), Chase Freedom (5k), Fred Meyer Rewards Visa (7.5k), US Bank Flex Perks Travel Rewards (5k), Discover IT (9.5k), Chase Sapphire Preferred (8k), Alerus Financial Visa Signature issued by Elan (10k), BofA Cash Rewards (10k), Citi Thankyou Pref (6.5k) TU FICO Score = 807, EQ FICO Score = 780, EX FICO Score = 780,
CreditKarma score = 785, CreditSesame score = 773, Vantage = 903
New Contributor
OwNt
Posts: 62
Registered: ‎10-07-2007

Re: Discover Slashed Limit

Carrying a balance on any credit card can be seen as risky behavior. It would not surprise me to learn that is the reason for OP's CLD. 

 

As far as low credt limits with Discover, they do seem to be more conservative than some of the other major banks. My limit with them is about $16,000, so YMMV. My lowest limit by far is PenFed.

~~Credit Cards~~
Alliant Platinum Rewards Visa, AmEx BCP, BofA Power Rewards, Bank of the West Platinum, Barclay Rewards World MC, Chase Freedom/Chase Sapphire Preferred, Citi Thank You Preferred/Citi Dividend Select, Discover IT, FNBOmaha, Paypal MC, US Bank Cash+/US Bank Perks+.

Total: $300,000+ in lines.
Valued Contributor
kevinjjc
Posts: 1,299
Registered: ‎01-14-2009

Re: Discover Slashed Limit


OwNt wrote:

Carrying a balance on any credit card can be seen as risky behavior. It would not surprise me to learn that is the reason for OP's CLD. 

 

As far as low credt limits with Discover, they do seem to be more conservative than some of the other major banks. My limit with them is about $16,000, so YMMV. My lowest limit by far is PenFed.


What was your initial credit limit with Discover? They started me off with 10k, so I'm wondering what kind of CLI I will get after I request it.

Valued Contributor
scottwagnon
Posts: 1,333
Registered: ‎02-07-2010

Re: Discover Slashed Limit


OwNt wrote:

Carrying a balance on any credit card can be seen as risky behavior. It would not surprise me to learn that is the reason for OP's CLD. 

 

As far as low credt limits with Discover, they do seem to be more conservative than some of the other major banks. My limit with them is about $16,000, so YMMV. My lowest limit by far is PenFed.


16k is a bit on the high end for most of us. i am guessing by your info that your average limits are around 25 to 30k which is astronomically high in comparison to most.

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
Valued Member
KittahMama
Posts: 54
Registered: ‎11-05-2011

Re: Discover Slashed Limit

Called them today. Agent reviewed my account, asked the standard questions; income, mortgage payment, time on the job. He said my payment history looks great worth all my creditors and it is exceptional with discover. Apologized and reinstated my limit in full. Whew!
Valued Contributor
RyVision
Posts: 1,346
Registered: ‎04-15-2011

Re: Discover Slashed Limit


KittahMama wrote:
Called them today. Agent reviewed my account, asked the standard questions; income, mortgage payment, time on the job. He said my payment history looks great worth all my creditors and it is exceptional with discover. Apologized and reinstated my limit in full. Whew!

Very glad to hear they were reasonable about it.  Then again they are Discover and they tend to do their best to please good card holders.  I was actually expecting you to post something along that line considering the info you posted.   :smileyhappy:

Established Member
dialect
Posts: 48
Registered: ‎10-19-2012

Re: Discover Slashed Limit


OwNt wrote:

Carrying a balance on any credit card can be seen as risky behavior. It would not surprise me to learn that is the reason for OP's CLD. 

 

As far as low credt limits with Discover, they do seem to be more conservative than some of the other major banks. My limit with them is about $16,000, so YMMV. My lowest limit by far is PenFed.


 

oddly enough, penfed is actually my highest credit limit at 20,000. fidelity amex at 15,000. citi diamond at 10,900. but my discover is still at 1500. no auto cli either :smileysad:

 

 


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+