One more question.
I am soon to go on a mini app spree.
I have average FICO right now of 710. I don't have any collections. Only 1 CC which is secured from BofA and has a $300 CL. AAoA is roughly 6 years.
I am thinking I want to apply for Discover IT, AMEX PRG and Citi Simplicity. I have heard that most CCC's try to match your current CL on your tradelines so I am concerned with only a $300 BofA card -- that Discover and Citi are going to give me ultra low CL's. Is this true or am I mistaking? I don't want to get $500 credit limits on these cards so I am a bit concerned. Thoguhts?
If you applied for IT or Simplicity and got a decent limit and at the time didn't have other high limit TL's...please let me know.
Edit: shouting not necessary 
. --Rev
Starting Score: (FICO)(August 29, 2013) 502(EQ) 568(EX) 549(TU) 
I have come to the conclusion that there is no rhyme or reason with Discover and their CL's.
They can be ultra conservative or generous. IME, they gave me $2500 with a 707CS and an AAOA about the same as yours. I had much higher CL's and I think they were my lowest.
They can be ultra conservative or generous. IME, they gave me $2500 with a 707CS and an AAOA about the same as yours. I had much higher CL's and I think they were my lowest.
My income is like $55k.
I have deferred student loans right now. A couple of late payments back from 2009 on those but in good standing right now.
The only tradeline I have is the 300 BofA. Only had for 2 months...paid in full both months...only reported 1% util.
I'm sure that probably doesn't help but I am looking for at least a 1500CL with IT...but like Lexie said....you really never know with Discover.
I was thinking of having a family member add me as a AU on their 5.5k Discover Card with the hope that that persuedes Discover or Citi to give me a higher limit? Thoughts?
Tbh, if your rev history is less than 6 mos your chances are even slimmer. Discover likes to be the first or they want 6 mos IMO.
@09Lexie
But if I get AU from card dating back to 2011...I should be fine right? for Discover? What about Citi? and does Amex look for 6+ months revolving history as well?
x
If your secured card is only 2 months old I would not even condsider applying for non-secured cards. Not only do you run the risk of getting low limits but you may not even be approved at all. I believe the rule of thumb is to make sure you keep an unsecured card open and paid on time for at least 6 before you start applying for other cards. Upon applying at that time it is likely that the first card you go for will give you a decent limit in an attempt to make them your go to card. You should expect to see at least a 1k minimum around that time. If you want to see anything higher than that I would suggest investing a little money into your credit and raising the limit on the secured to around 1k now to increase the likelihood of higher limits down the road.
Most lenders want a minimum of 6-9 mos of rev history. Chase doesn't look at AUs history at all. If you are just starting out, wait and refrain from applying until you have your history.
Is there a reason why you need to app now?
Is there a reason why you need to app now?