07-28-2012 11:42 AM
07-28-2012 10:09 PM - edited 07-28-2012 10:10 PM
Insufficient experience with current discover credit limit. I have had it since 2008!!! They're crazy
You do realize if you barely use your card or have barely used it recently that reason is 100% accurate and understandable. It doesn't matter if you've had the card since 2008, if you barely use it, you do have limited experience with your card, even if you used it a lot when you first got it.
07-29-2012 02:23 AM
07-29-2012 06:33 AM
07-29-2012 06:51 AM - edited 07-29-2012 06:56 AM
Yes I realize not using it a lot will hurt the chances tfor it to grow with me but in my mind it was already dead. I think I'd have a better shot apping for a new card all together and getting a higher CL than keeping that one.
YeahYeah, I bet for sure if you re-apply you will get better terms including a higher credit limit. Why not apply for the new discover IT? Discover really is a good company to keep around. I'm sorry they did not see it the same way. Maybe you had some flag on your account from a long time ago?
EDIT: Plus, I would keep even a toy CL with them just to use ShopDiscover.
07-29-2012 07:16 AM
No, I've been fortunate enough to not have any baddies on my CR. Really not sure what the reasons were. I looked yesterday before calling in and saw my last paid amount was $253 in March. So I was using the card a slight bit.
07-29-2012 08:37 AM
Free market and love it. They don't want your business, you can give it to somebody else. Great choice!
+1 - I also closed my Discover. Had the card for about 15 months or so, ran $18k through it, and was granted a $500 CLI briging the CL to $2k.
They asked me why I was closing and I was honest, told them CL way too low compared to my other cards and I thought the Chase Freedom was a better value. They tried to convince me to keep it open but nope. It was closed and I have not regreted that action.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.