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Moderator
Posts: 16,006
Registered: ‎07-14-2009
0

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".

Senior Contributor
Posts: 4,923
Registered: ‎04-19-2009
0

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.

 

Senior Contributor
Posts: 3,662
Registered: ‎01-10-2008
0

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.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
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