topic Re: Whatever Discover in Credit Cards

Whatever Discover

Runitup — Sun, 08 Mar 2015 03:08:15 GMT

Got my "It" package in the mail today. They pulled Experian. My score is 829. Credit limit: $6,375. What a joke.

Re: Whatever Discover

chwebb1 — Sun, 08 Mar 2015 03:18:33 GMT

@Runitup wrote:
Got my "It" package in the mail today. They pulled Experian. My score is 829. Credit limit: $6,375. What a joke.

In what way? What are your other CLs? I'd love to have a $6000 limit on my Discover card personally. So I'll trade you if you like.

Re: Whatever Discover

Anonymous — Sun, 08 Mar 2015 03:20:40 GMT

Sorry to hear dude, but you should know Discover is stingier than most with starting limits. Can't win 'em all but it wouldn't hurt to be a little less bratty about it. Some of us here would be happy with that limit. Reading your post made me feel especially bad man. Tears are everywhere.

Re: Whatever Discover

dwz55 — Sun, 08 Mar 2015 03:21:06 GMT

sounds about right I got 5500$ with a 797 Equifax

Re: Whatever Discover

LiberatedRN — Sun, 08 Mar 2015 03:24:53 GMT

It seems like a really great starting limit..... what were you expecting???

Re: Whatever Discover

Anonymous — Sun, 08 Mar 2015 03:25:26 GMT

@Runitup wrote:
Got my "It" package in the mail today. They pulled Experian. My score is 829. Credit limit: $6,375. What a joke.

Credit limits aren't based just on credit score. They also take into account income, other credit available etc. $6K isn't a joke for most. Just take the card and ask for come increases as time goes on. It will go up quickly enough.

Re: Whatever Discover

Anonymous — Sun, 08 Mar 2015 03:26:27 GMT

$6375 is a very odd credit limit.

Re: Whatever Discover

Closingracer99 — Sun, 08 Mar 2015 03:27:03 GMT

@Runitup wrote:
Got my "It" package in the mail today. They pulled Experian. My score is 829. Credit limit: $6,375. What a joke.

I have $2,500 ....it could always be worse ......you could have a 400 credit score and no cards

Re: Whatever Discover

Anonymous — Sun, 08 Mar 2015 03:27:11 GMT

Discover tends to be a little more conservative with starting limits than some other lenders, but score alone isn't the only contributing factor. Do you have other cards with higher credit limits? Do you have income to support a higher limit on this card? Do you have so much credit that they feel that you are already over-extended?

Re: Whatever Discover

mitchblue — Sun, 08 Mar 2015 03:32:15 GMT

I got 4k with a 755 at the time. Seems more than fair..I had a thin file at the time.

Re: Whatever Discover

Runitup — Sun, 08 Mar 2015 03:35:58 GMT

Lowest limit was10k before Disco. AAoA is 10 years. Oldest account is 19 years, newest is 2 years old. Income is 90k. There was one HP almost two years old on my Ex. Have a car lease and mortgage reporting. I only had 54k in limits before I applied for It. I had 20k, 14k, etc with BoA and Chase with a bunch of 10k limits from Cap 1 and Citi before app. Never asked for any increases my whole credit life until I found this forum (last month) so all CLIs were granted by CCCs. IDK, doesn't make much sense to me. Weird and low limit.

Re: Whatever Discover

TURNERHOOVER — Sun, 08 Mar 2015 03:36:02 GMT

@chwebb1 wrote:
@Runitup wrote:
Got my "It" package in the mail today. They pulled Experian. My score is 829. Credit limit: $6,375. What a joke.
In what way? What are your other CLs? I'd love to have a $6000 limit on my Discover card personally. So I'll trade you if you like.

No joke to me either +1

Re: Whatever Discover

core — Sun, 08 Mar 2015 03:44:29 GMT

I hope you didn't apply using an email address like Runitup@somewhere.com. Maybe that has something to do with it.

Re: Whatever Discover

Runitup — Sun, 08 Mar 2015 03:51:56 GMT

@core wrote:
I hope you didn't apply using an email address like Runitup@somewhere.com. Maybe that has something to do with it.

Lol, no. I just like the irony of the handle.

My utilization was like 1% when I applied. They were the first of the four apps I recently completed specifically because I know they're conservative.

Re: Whatever Discover

core — Sun, 08 Mar 2015 03:57:20 GMT

@Runitup wrote:
They were the first of the four apps I recently completed specifically because I know they're conservative.

Well there ya go. I don't think you got a bad limit at all to start out with. Maybe it will double in 6 months, maybe not. Unless you're going to spend $6k in a week on that card (why?) I don't see why it matters, given your other cards. After you max your $1500 in a quarter the thing's gonna be put away, no?

Re: Whatever Discover

Runitup — Sun, 08 Mar 2015 04:04:26 GMT

I don't think it's too unreasonable to expect a match of my lowest limit but then again, I guess Disco is a different animal. They are offering a 0 fee BT that I was thinking about using but 6k ain't much to work with without utilization being out of whack.

Re: Whatever Discover

barbaralee — Sun, 08 Mar 2015 04:42:17 GMT

I had my hubby apply for a Discover so he and I could get $50 cash back (each). His uti at the time was 3%, aaoa is 7 years, income of 50k, no car notes, no mortgage, no open loans whatsoever. A solid, but limited credit report basically, and he was approved for 8k. Discover is an odd one to figure out.

Re: Whatever Discover

Anonymous — Sun, 08 Mar 2015 07:59:17 GMT

@Runitup wrote:
Got my "It" package in the mail today. They pulled Experian. My score is 829. Credit limit: $6,375. What a joke.

congrats!! i guess the jokes on me! the limit seems about right in regards to discover being uber conservative. heck ill take your limit any day over my 1,500! lol.

Im grateful and i know it will grow! with that score and depending on your history yours will too! enjoy!

Re: Whatever Discover

Anonymous — Sun, 08 Mar 2015 08:26:51 GMT

@Anonymous wrote:
@Runitup wrote:
Got my "It" package in the mail today. They pulled Experian. My score is 829. Credit limit: $6,375. What a joke.
congrats!! i guess the jokes on me! the limit seems about right in regards to discover being uber conservative. heck ill take your limit any day over my 1,500! lol.
Im grateful and i know it will grow! with that score and depending on your history yours will too! enjoy!

Yeah, I was initially given a $500 CL, auto CLI to $750 after about 6 months, about a year ago. But I was just denied with my CLI request (for a SP) last week, possibly due to my recent credit card apps? Just opened 2 new cards in that last month with much more generous CLs. Even so, my Discover it has been great with the right categories. Eventually I hope my limit will increase, I'll give it a few more months to try again.

Re: Whatever Discover

Anonymous — Sun, 08 Mar 2015 09:27:28 GMT

Agreed that is a joke! A $6,375 limit aside from being too low compared to your nice file would bother me as I like having my limits end in 00's (which IMO are Visually & Aurally pleasing).

My AAoA is a measly 2yrs