Credit Cards

[SwiftTone]

I am thinking of applying for the Discover More card. But I'd like to get an idea of what type of starting/initial CL they start people at. Please share your credit profile at the time of approval and the date roughly. Mine are:

TU FICO:704 (02/28/12)

EQ FICO: 729 (04/09/12)

AAoA: 4 years exactly

Utilization: <2%

Inquiries(past 12 months): EX: 3, EQ: 0 TU: 0

Most recent baddies: string of 9 30 and 60 day lates in 2009. None since. No BK, CO etc.

Income: $30k + $18k in stuff that's not claimed on tax. Not sure which to put yet.

Cards: Capital One $1000, Capital One $1250, Chase Slate $750

I've keep getting pre-approved letters for their Discover More card. I usually get 1-2 per week but last week I got 3. I've been holding out for a bit because I'm really trying to get a card with an initial CL of around $5000. I don't want to waste an inquiry, especially on my EX. Anyone know what CRA do they usually pull, especially in MA? Should I freeze my EX?

Anyways, if you guys can share your experience it would be great! Thanks/

11:50PM Edit: Instant approval of $3500!! Sure beats having Cap 1 for for crappy CL and Slate with a $750!

I'll still recon for a larger CL though in the morning! I can do this before getting the card? They can't reverse their decision and give me less than $3500 right?? 

[sterlinggirl]

They pulled Transunion with me and my husband. His TU 677 and mine was 664 (I think). I got a $3000 intitial and he got a $4000. He got a pre-approval and I did not. After you apply just call them.

[Walt_K]

I've heard that Discover is conservative with CLs.  Your scores are good, but your other cards have relatively low limits.  Given that and your income, I doubt Discover will be the first to jump out and give you an initial $5K limit.  But they will grow with you.

[webhopper]

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SwiftTone wrote:

I am thinking of applying for the Discover More card. But I'd like to get an idea of what type of starting/initial they start people at. Please share your credit profile. Mine are:

TU FICO:704 (02/28/12)

EQ FICO: 729 (04/09/12)

AAoA: 4 years exactly

Utilization: <2%

Inquiries(past 12 months): EX: 3, EQ: 0 TU: 0

Most recent baddies: string of 9 30 and 60 day lates in 2009. None since. No BK, CO etc.

Income: $30k + $18k in stuff that's not claimed on tax. Not sure which to put yet.

Cards: Capital One $1000, Capital One $1250, Chase Slate $750

I've keep getting pre-approved letters for their Discover More card. I usually get 1-2 per week but last week I got 3. I've been holding out for a bit because I'm really trying to get a card with an initial CL of around $5000. I don't want to waste an inquiry, especially on my EX. Anyone know what CRA do they usually pull, especially in MA? Should I freeze my EX?

Anyways, if you guys can share your experience it would be great! Thanks/

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in 1999 my intitial limit was 1200, which was increased to 1500 in 2007, then 2600 in 2009 then 3500 in May 2011, then 4200 in Dec 2011...  I've never asked for a CLI, they just evaluated my credit line and usage, and adjusted accordingly.

[JollehRoger]

I was approved instantly online for a 3000 dollar credit limit. They pulled TransUnion for me which according to the letter they sent me my FICO was 726. 

[SwiftTone]

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JollehRoger wrote:

TU FICO: Check signature

EQ FICO: Unknown

AAoA: 10 months

Utilization: ~20%

Inquiries (past 12 months): EX: several, EQ: several TU: 4

Most recent baddies: None

Income: None (Student)

Cards: Check signature

I was approved instantly online for a 3000 dollar credit limit.

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What are your FICOs, its not in your signature.

Also, please post your credit profile at the time you were approved.

Keep them coming boys and girls, thanks!

[FrugalRican]

EQ FICO: 760

AAoA: 6 years

Utilization: 28%

Inquiries: None

No baddies, no collections

Cards: MBNA 15.9K, Chase Freedom 1.4K

Requested for a 4.6K Balance Transfer upon application, based on previous postings of people getting higher limits because of BT's.

Approved with 6K CL.

[Jimmy9224]

You're gonna get a really nice limit..

my score was 714 Fico Tu which they pulled

my utili was at 18% and my income was 18k and they started me out with 3k  

my AAoA was only 9 months..

Good Luck! go for it! it's an amazing card!

[SwiftTone]

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sterlinggirl wrote:

They pulled Transunion with me and my husband. His TU 677 and mine was 664 (I think). I got a $3000 intitial and he got a $4000. He got a pre-approval and I did not. After you apply just call them.

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Could you please share more about your credit profile? thanks

[SwiftTone]

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FrugalRican wrote:

EQ FICO: 760

AAoA: 6 years

Utilization: 28%

Inquiries: None

No baddies, no collections

Cards: MBNA 15.9K, Chase Freedom 1.4K

Requested for a 4.6K Balance Transfer upon application, based on previous postings of people getting higher limits because of BT's.

Approved with 6K CL.

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Hmmm, interesting observation. What if you tell them you plan on swiping the card for certain amount of money in the next few months for home improvement. Would it have the same effect?

I really don't have the ability to do BT. All I can think of is my student loans, which is not much and it's not even reporting yet