topic Re: Low Limit Discover in Credit Card Applications

Low Limit Discover

Anonymous — Thu, 22 Mar 2018 21:15:48 GMT

I got a $1000 SL on my discover and i haven''t activated it for i do not want this card until i have much higher limit.

also, if i register this card now, i will not be able to apply for Slate/Freedom cards with chase for 5/24 rule,

what are my chances of getting higher limits on discover? I have not yet activated nor is it showing on my credit reports anywhere just yet.

Re: Low Limit Discover

Anonymous — Thu, 22 Mar 2018 21:22:13 GMT

If I were you, and I wanted a higher limit, I'd call them and see if they will reconsider giving me a higher limit. Worth a shot!

Good luck!

Re: Low Limit Discover

ScarlettClone — Thu, 22 Mar 2018 22:25:16 GMT

If you applied for the card it will be on your report (and count against 5/24) whether or not you activate it.

You may as well keep the card and ask for a CLI.

Re: Low Limit Discover

Anonymous — Fri, 23 Mar 2018 01:10:58 GMT

that is the debate i have. Previous experience with CreditOne has confirmed for me that it will not be reported until its activated.

Re: Low Limit Discover

Anonymous — Fri, 23 Mar 2018 01:15:22 GMT

@Anonymouswrote:
If I were you, and I wanted a higher limit, I'd call them and see if they will reconsider giving me a higher limit. Worth a shot!

Good luck!

good idea its worth a shot worst they can say is no

Re: Low Limit Discover

Adkins — Fri, 23 Mar 2018 01:25:56 GMT

@Anonymouswrote:
that is the debate i have. Previous experience with CreditOne has confirmed for me that it will not be reported until its activated.

Credit One is not Discover. Odds are, the card is going to report, even if you close it.

Re: Low Limit Discover

Anonymous — Fri, 23 Mar 2018 01:33:14 GMT

lets see, they have issued 15th of every month their satement date?

will require a tough fight should discover choose to report, but wont give up that fight.

Experience is the best teacher.

Re: Low Limit Discover

Viva-LV — Fri, 23 Mar 2018 02:15:30 GMT

You might want to keep it, and work it for cli's. Without knowledge of your profile, the limit given is something Disco feels comfortable with. Word of caution: multiple posts lately about Chase canceling new approvals for 5/24 issues, new accounts and thin files. Discover has tightened up about starting limits/limit increases over the last year, that may be the reason for your sl. Call 'em, ask for more!

Re: Low Limit Discover

Anonymous — Fri, 23 Mar 2018 09:07:07 GMT

I just got my new Discover IT card, too. (Also got $1k SL, but no complaints here.) Before I activated the card, I read all the enclosures. Page 2 says they pulled Equifax. That was a surprise. I had figured they would SP Experian since I'm registered for Discover's Scorecard and EX is the score you get. After getting my updated EX score, I prequalified through the Scorecard link, and yet they pulled EQ for my card app. Same for you? Check your enclosed papers.

Re: Low Limit Discover

Anonymous — Fri, 23 Mar 2018 09:31:29 GMT

@Anonymouswrote:
I got a $1000 SL on my discover and i haven''t activated it for i do not want this card until i have much higher limit.
also, if i register this card now, i will not be able to apply for Slate/Freedom cards with chase for 5/24 rule,

what are my chances of getting higher limits on discover? I have not yet activated nor is it showing on my credit reports anywhere just yet.

@I had the same issue. This was my fourth CC and they gave me a $1k limit. My next lowest was the Cap1QS1 @ $7250 and my highest was the CSR @ $25,200.

I called in to increase the limit and they refused. A few months later they lowered it to $600. I keep having Bt offers, so I transfer and pay in full within a few months. Still nothing.

Wont seem to budge past $600. Two weeks ago, The same week that Discover rejected me (again) for a CLI, Chase gave me a $6500 CLI.

Hope your experience is bettter.

Re: Low Limit Discover

Anonymous — Fri, 23 Mar 2018 11:58:17 GMT

Interesting - I got a second Discover IT last week and my SL is $5000; my first card last year had a $2500 SL and has only grown to $4500, so I'm pretty sure it's a "starter"/lower-credit card. I'm planning to combine it with the new card next year once that card ages to 1 year old.

Re: Low Limit Discover

Anonymous — Fri, 23 Mar 2018 12:43:19 GMT

@AnewLeafAgain

they pulled EQ for my card app. Same for you? Check your enclosed papers.

Yes they pulled eQ for me as well. EQ fico8 was 667. inquiry on EQ.

My Profile

3 Revolving accts & 1 Installment, 7 accounts closed (BOfA, Chase, WellsFargo. GMAC, Cap1 HondaAuto, SyncBelk)

AAoA 2 yrs 3 mos. EQ 667. 1 Collection (being removed) 1 student loan chargeoff ( i m a co-maker).,

Re: Low Limit Discover

Anonymous — Fri, 23 Mar 2018 14:12:40 GMT

My EQ FICO 8 on March 13th (the day after I got my new Discover IT) was 693; as of the 20th it'd bounced up to 703.

Re: Low Limit Discover

AverageJoesCredit — Fri, 23 Mar 2018 16:56:16 GMT

@Anonymouswrote:
that is the debate i have. Previous experience with CreditOne has confirmed for me that it will not be reported until its activated.

Discover is NOT Credit One, who seem to fo things out of spite. Discover will report whether you activate or not.

Re: Low Limit Discover

AverageJoesCredit — Fri, 23 Mar 2018 17:00:13 GMT

@Adkinswrote:
@Anonymouswrote:
that is the debate i have. Previous experience with CreditOne has confirmed for me that it will not be reported until its activated.

Credit One is not Discover. Odds are, the card is going to report, even if you close it.

Lol, sorry Adkins, beat me to it

Re: Low Limit Discover

AverageJoesCredit — Fri, 23 Mar 2018 17:03:08 GMT

@Anonymouswrote:
@Anonymouswrote:
I got a $1000 SL on my discover and i haven''t activated it for i do not want this card until i have much higher limit.
also, if i register this card now, i will not be able to apply for Slate/Freedom cards with chase for 5/24 rule,

what are my chances of getting higher limits on discover? I have not yet activated nor is it showing on my credit reports anywhere just yet.

@I had the same issue. This was my fourth CC and they gave me a $1k limit. My next lowest was the Cap1QS1 @ $7250 and my highest was the CSR @ $25,200.

I called in to increase the limit and they refused. A few months later they lowered it to $600. I keep having Bt offers, so I transfer and pay in full within a few months. Still nothing.

Wont seem to budge past $600. Two weeks ago, The same week that Discover rejected me (again) for a CLI, Chase gave me a $6500 CLI.

Hope your experience is bettter.

Just goes to show that just because one lender gives a certain amount doesnt mean others will follow suit. This is the Discover legacy afterall

Re: Low Limit Discover

AverageJoesCredit — Fri, 23 Mar 2018 17:06:08 GMT

@Anonymouswrote:
Interesting - I got a second Discover IT last week and my SL is $5000; my first card last year had a $2500 SL and has only grown to $4500, so I'm pretty sure it's a "starter"/lower-credit card. I'm planning to combine it with the new card next year once that card ages to 1 year old.

Me too Joe though im not sure we can call 1st cards with Discover "starter" cards. This isnt Cap 1 after all. Its just Discover is so mysterious that often times getting a second card actually improves ones sl. Mine did but i dont hold on to any illusions that it will grow any more

Re: Low Limit Discover

Anonymous — Sat, 24 Mar 2018 00:53:40 GMT

@AJC

Credit One is not Discover. Odds are, the card is going to report, even if you close it.

Discover has reported the tradeline on Equifax. Dont know yet about EX & TU.

Fortunately, still makes it 4/24 on all 3 bureaus. My last chance at Chase.

Re: Low Limit Discover

Anonymous — Sat, 24 Mar 2018 12:32:41 GMT

Discover had me started at $4,000 almost 9 years ago, today my card is approximately $40,000. They've been very good about raising my limits and offering me low temporary interest rates (if I call), and low balance transfer offers (website).

My Discover also has a much lower APR than my Capital One, AMEX, Chase and Citi cards.