cancel
Showing results for 
Search instead for 
Did you mean: 

should i just close it?

Moderator Emeritus

Re: should i just close it?

$3k CL from Discover for a student who barely works should be embraced, not closed.  Keep it, use it, enjoy it.

 

 

Yep.

 

 

Time can heal all wounds and a low FICO.
"Hello my name is Sandy and I'm a recovering crediholic".

Message 11 of 13
Senior Contributor

Re: should i just close it?

You got an approval and a higher CL from Discover than anyone here would have predicted.

 

Discover does adjust APR's down. I opened a Discover More account last summer based on a pre-app and the APR was set at 11.99%V. I also had a 0% APR for purchases promo for a while. When the promo ended APR was 9,99%V and it has remained there ever since. The lowest rate now offered for a new account is 10,99%V. If you keep your nose clean it can happen.

 

Maximize your rewards by using ShopDiscover. 

 

Don't carry balances.

 

Don't close your Discover.

 

Message 12 of 13
Senior Contributor

Re: should i just close it?


marinevietvet wrote:

$3k CL from Discover for a student who barely works should be embraced, not closed.  Keep it, use it, enjoy it.

 


take care of it and it will take care of you.

 

3k is a generous initial CL from discover on a student card.  discover is one of the most conservative lenders even when times are good.

 

2k to start is not uncommon from discover on a regular (non student) acct.

DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 13 of 13