topic Re: Broke $50K with Discover! in Credit Card Approvals

Broke $50K with Discover!

Aim_High — Sat, 08 Jan 2022 23:27:57 GMT

While it's not much in context, Discover just gave me a $1K credit limit increase on my Discover IT, raising my credit limit to $51,000!

My Discover is the oldest card that I still have open from my first decade in credit, dating back to 1993. They were one lender that offered me some valuable balance transfers about ten years ago to help me out while I was paying off some debts. The highest balance I think I've ever posted on it was about $16K. Over the years they had slowly increased my CL far above that amount, even though I wasn't using close to my limit.

On 5/12/2019, the second-to-last increase was from $44.5K to $49.5K. (see link)
Then on 9/12/2019, they gave me the final bump to $50K. (see link)

Since then, even though I've continued to use it as I had before (light usage), all CLIs have been denied. It appeared I had tapped out, but I've been grateful for that high $50K limit. It was my second to reach that level. In November, I had a high statement balance on my Goldman Sachs Apple card, so I decided to do a short-term BT onto Discover, mainly just to pump up utilization and see if it got their attention. It was no fee and the interest rate was 4.99%, which meant it just cost me a few dollars for any day the balance posted. I wrote it off as an experiment. I paid (or balance-transferred to another card) the total balance which was over $35K at one point in December so that the card balance showed $0 on the website, save for the unposted interest. Then I asked for CLI in December before my statement posted. Declined. So I waited until after the statement cut; paid the trailing interest balance; and then requested again yesterday. This time, I got a message that it was under review. Today, an analyst called me to verify reported household income. After waiting on the system to update, he informed me that I was eligible for a $500 increase. When I told him I had some large expenses and/or need for balance transfers coming up and asked if he could increase that at all, he rounded it off to a $1K increase, $51,000 total. Thanks, Discover! While I was hoping for more, I'm grateful for an approval.

This makes THREE cards I have that are OVER $50K in limits. That's three more than I had when I came on My Fico three years ago, so thanks to the community for all the information and support!

Re: Broke $50K with Discover!

Elpadrino1 — Sat, 08 Jan 2022 23:29:11 GMT

Congratulations on your Disco CLI!!

Re: Broke $50K with Discover!

CreditAggie — Sat, 08 Jan 2022 23:42:11 GMT

Congratulations on your Discover CLI!

Re: Broke $50K with Discover!

Ilinferno — Sat, 08 Jan 2022 23:51:14 GMT

That's awesome congrats on breaking 50k!

Re: Broke $50K with Discover!

CreditMagic7 — Sun, 09 Jan 2022 00:12:34 GMT

Congratulations on your new Discover milestone!

Re: Broke $50K with Discover!

Reviewers — Sun, 09 Jan 2022 00:44:04 GMT

Congratulations on that huge Discover credit limit!

Re: Broke $50K with Discover!

mgood — Sun, 09 Jan 2022 01:55:04 GMT

Congratulations!

As someone who just recently busted through the $10k mark on a couple cards, $50k seems huge!

Re: Broke $50K with Discover!

cashorcharge — Sun, 09 Jan 2022 02:14:22 GMT

I could be wrong but this feels like unusually high territory for Discover!! Congratulations @Aim_High on your Approval!! 🎉🥂👏

Re: Broke $50K with Discover!

NoMoreE46 — Sun, 09 Jan 2022 02:24:38 GMT

Nice & Kapow!

This begs the question- what's the maximum limit then?

Re: Broke $50K with Discover!

805orbust — Sun, 09 Jan 2022 03:19:06 GMT

Niiiiiiiice... next stop, $60k!

Re: Broke $50K with Discover!

Total80sKid — Sun, 09 Jan 2022 04:55:46 GMT

Congrats on your Disco CLI 👍🏼

Re: Broke $50K with Discover!

Kasuito39 — Sun, 09 Jan 2022 14:13:11 GMT

Congrats for the approval and thanks for the DP

Re: Broke $50K with Discover!

gdale6 — Sun, 09 Jan 2022 14:57:22 GMT

Grats on your 51K achievement

Re: Broke $50K with Discover!

greatscott85 — Sun, 09 Jan 2022 18:17:32 GMT

Congratulations! Good to see lendor dedication pay off!

Re: Broke $50K with Discover!

Anonymous — Sun, 09 Jan 2022 20:24:16 GMT

Congratulations on the CLI and good luck on the push to 60k!

Re: Broke $50K with Discover!

Aim_High — Sun, 09 Jan 2022 20:47:00 GMT

@Elpadrino1 wrote:
Congratulations on your Disco CLI!!
= = = = = = = = = = = = = = = = = =
@Ilinferno wrote:
That's awesome congrats on breaking 50k!
= = = = = = = = = = = = = = = = = =
@CreditMagic7 wrote:
Congratulations on your new Discover milestone!
= = = = = = = = = = = = = = = = = =
@CreditAggie wrote:
Congratulations on your Discover CLI!
= = = = = = = = = = = = = = = = = =
@Reviewers wrote:
Congratulations on that huge Discover credit limit!

Thanks @Elpadrino1, @Ilinferno, @CreditMagic7, @CreditAggie, @Reviewers!

Discover can be quite generous with time and some attention.

Re: Broke $50K with Discover!

Aim_High — Sun, 09 Jan 2022 20:53:40 GMT

@mgood wrote:
Congratulations!

As someone who just recently busted through the $10k mark on a couple cards, $50k seems huge!

LOL That's a great meme, @mgood! Love it!

Your $10K are quite an accomplishment also. I remember previous milestones and it's all relative. $10K; $15K $25K etc. I still remember feeling the way "The Rock" felt when I got my first $25K limit, which this is hard to believe but was only about nine years ago. So yeah, so my $50K and higher limits still seem truly huge to me too! (My first one that broke the $50K barrier was only about 2.5 years ago.)

Re: Broke $50K with Discover!

Irv02 — Sun, 09 Jan 2022 21:00:16 GMT

Congrats on your $51K with Discover!!

Re: Broke $50K with Discover!

Aim_High — Sat, 12 Feb 2022 20:21:53 GMT

@cashorcharge wrote:
I could be wrong but this feels like unusually high territory for Discover!! Congratulations @Aim_High on your Approval!! 🎉🥂👏
= = = = = = = = = = = = = = = = = = = = = =
@NoMoreE46 wrote:
Nice & Kapow!
This begs the question- what's the maximum limit then?

Thanks, @cashorcharge! I think this *is* unusually high territory for Discover but from data points I've seen on My Fico it isn't not any kind of new record. True, getting over $50K with them isn't exactly common but looking back through the archives, there are numerous data points over $50K. It's probably about as frequent as hitting that $99.9K glass ceiling with Bank of America; quite a few on My Fico have done it, but you don't see it every day either. Maybe the reason for that isn't so much that it's difficult as it is that many people don't try to push a Discover card that hard for that many years.

Thanks @NoMoreE46! Since I've been "stuck" at 50K for the past couple of years, I had wondered if that was normally some sort of cap for Discover. I've done some research in the My Fico archives and apparently it's not! However, many of these data points are several years old so their lending policy may have changed, especially during the pandemic. Perhaps that is why they only authorized another $1K in my case. It looks like getting to $75K or above is possible, either with one card or total exposure. And $50K+ has at least a small club. Here are some examples.

Member: GetMeSlick reported increase to $50K on 11-12-2018

Also reported a $28.5K limit on a second card 01-22-2020

Total Discover CL: $78.5K

This thread from 2018 has two members report multiples over $50K.

Member: JLK93 reported CLI to $45.5K in this thread from 02-23-2016, while other members reported members at $47.2K and $60K including one screen shot. Later, JLK93 reported Discover CL of $51.5K on 01-27-2017.

Member: shoo reported $53K CL on 02-14-2018

Member: FinStar reported $76K CL (single card) on 05-15-2019

Finstar also commented on upper limit question with: “I've heard there's some folks who have it near $100K, but I'm sure it may plateau around $80K in my case...”

*ETA: 0n 02-11-2022, FinStar reported $80K CL (single card) and aggregate Discover limits of $100K.

Member: Themanwhocan reported CL of $54.5K on 11-14-2016

New Visitor: Bob1234 claimed a Discover limit of $57K on $90K income on 03-26-2017.

*This was his only post and disappeared. No screen shot provided for proof.

Re: Broke $50K with Discover!

Aim_High — Sun, 16 Jan 2022 23:22:56 GMT

@805orbust wrote:
Niiiiiiiice... next stop, $60k!
= = = = = = = = = = = = = = =
@Total80sKid wrote:
Congrats on your Disco CLI 👍🏼
= = = = = = = = = = = = = = =
@Kasuito39 wrote:
Congrats for the approval and thanks for the DP
= = = = = = = = = = = = = = =
@gdale6 wrote:
Grats on your 51K achievement

Thanks very much @805orbust, @Total80sKid, @Kasuito39, @gdale6!

@805orbust, I was hoping for a faster progression towards that $60K so unless things change, it could take me a while at $500 to $1K per CLI! Lol ... don't think it will be the next stop. Based on those other data points I posted, it appears that many of us start to tap out somewhere between $50K and $60K on a single card, even if some can go even higher. @FinStar was the only member at or above $60K where I found documentation.* But I've got my fingers crossed.

*ETA: Also found documentation for @iheartwings and @EW800 in excess of $60K. See links in following messages.