Good to know about current Discover CLI policy

[Anonymous]

quote:
Please keep in mind that if your account has been open less than six
months or if you are requesting a credit limit larger than $12,000.00,
we will not be able to process your request at this time.


In
addition, the maximum additional amount that can be approved for a
credit line increase is $2,000.00 more than your current credit limit. 

sucks but oh well

Message Edited by thoughts1 on 06-10-2009 09:13 AM

Message Edited by thoughts1 on 06-10-2009 09:13 AM

[Anonymous]

Good to know - I wonder if the 2,000 dollars pertains specifically to your account, or that is there rule in general.

Thanks for the info.

[plasticguy]

Discover Financial Servi
Status as of [?] May, 2009
Date opened [?] Apr, 2006
Date of last activity [?] May, 2009
Date paid out [?] May, 2009
Date closed [?] Not Reported
Account number [?] XXXXXXXXXXXX
Loan type [?] Credit Card
Credit limit [?] $16,000
Largest past balance [?] $3,575
Terms [?] Not Reported
Account Type [?] Revolving Account
Account holder [?] Individual Account
Scheduled payment amount [?] Not Reported

The Max is actually 16K They will not even do a pull for anything higher

[Creditaddict]

Discover offers CL up to 50,000

[plasticguy]

Not anymore! I asked for an increase and was told that 16K was the max, they aren't considering anything higher at this time

[MattH]

---

@plasticguy wrote:
Not anymore! I asked for an increase and was told that 16K was the max, they aren't considering anything higher at this time

---

Interesting.  They do seem a little less generous with their limits: my Chase and Citi both have limits over $20K but my Discover is a little over $10K.  Note that I've never requested an increase from anybody, I've had all my cards for over 10 years and their automatic credit limit increases have been more than sufficient for anything I've ever wanted to spend.

[WhirledPeasPlease]

Interesting.  My Discover started at 1.1k in Feb 08.  In Sept 08 I asked for a CLI (with a hard pull) and asked for and got 3.5k.  Around Feb 09 I asked for a CLI and got a 1k (soft pull) to 4.5k. 

My point?  Once upon a time they did increases greater than 2k.

[Anonymous]

A few months back I got an CLI that was more than $2k also. Soft pull.

[Itsmeagain]

April 09 - CLI from 5,500 to 9,500 - soft pull