topic Re: A bit shocked by Discover Credit Line! in Credit Cards

A bit shocked by Discover Credit Line!

vwgrrc — Sat, 21 May 2016 19:54:39 GMT

Just pulled the trigger on a Discover offer I repeatly received in mail. Instant approval for $1000. Really? $1000?

I have about $140K in total credit limit. Amex 30k, BBVA 20K, Arrival+ (got in April) 20K, and several prime cards well over $10K. All are original CLs other than Amex.

What would be the earliest possibile time to request a CLI from Discover? How much can I expect? HP or SP? Thanks

Re: A bit shocked by Discover Credit Line!

Anonymous — Sat, 21 May 2016 19:56:25 GMT

Welcome to the Discover $1k club lol I tried to get an increase to no avail. Though I am sure my credit history is not the same as yours.

Re: A bit shocked by Discover Credit Line!

Anonymous — Sat, 21 May 2016 20:00:04 GMT

What was your score? Any derogs? I'm about to pull the trigger on a similar mailer.

Re: A bit shocked by Discover Credit Line!

Anonymous — Sat, 21 May 2016 20:06:13 GMT

@Anonymous wrote:
What was your score? Any derogs? I'm about to pull the trigger on a similar mailer.

700/663, forclosure in 2010. They pulled EQ an EX for me, but I hear that isn't normal. I applied via a prequal mailer.

Re: A bit shocked by Discover Credit Line!

vwgrrc — Sat, 21 May 2016 20:08:09 GMT

About 740-760 across all three. Perfect file.

Good luck!

@Anonymous wrote:
What was your score? Any derogs? I'm about to pull the trigger on a similar mailer.

Re: A bit shocked by Discover Credit Line!

aussiesareforever — Sat, 21 May 2016 20:14:17 GMT

Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.

Re: A bit shocked by Discover Credit Line!

Anonymous — Sat, 21 May 2016 20:21:31 GMT

@aussiesareforever wrote:
Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.

You don't even have to use it that much. I spend very little, and I've gone from $3K to $21,250.

Re: A bit shocked by Discover Credit Line!

Berk — Sat, 21 May 2016 20:47:28 GMT

@aussiesareforever wrote:
Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.

That has not been my experience lately. I got my discover in 09 with a starting limit of 1.5K. When the first wave of "Discover LUV" craze was going on I went from a 10K limit to 25K in 6 months. Now I'm at 36.5K and all I do is pay my DirecTV and Netflix bill with it and use it for the occassional small BT.

Re: A bit shocked by Discover Credit Line!

mongstradamus — Sat, 21 May 2016 20:58:51 GMT

@Berk wrote:
@aussiesareforever wrote:
Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.
That has not been my experience lately. I got my discover in 09 with a starting limit of 1.5K. When the first wave of "Discover LUV" craze was going on I went from a 10K limit to 25K in 6 months. Now I'm at 36.5K and all I do is pay my DirecTV and Netflix bill with it and use it for the occassional small BT.

I think they are conservative when it comes to initial CL,but once you have it for an year or so then you will get the sp CLI coming in like crazy. You an probably get an sp cli every quarter or so

Re: A bit shocked by Discover Credit Line!

CreditUnionFan — Sat, 21 May 2016 21:24:08 GMT

@vwgrrc wrote:
Just pulled the trigger on a Discover offer I repeatly received in mail. Instant approval for $1000. Really? $1000?

I have about $140K in total credit limit. Amex 30k, BBVA 20K, Arrival+ (got in April) 20K, and several prime cards well over $10K. All are original CLs other than Amex.

What would be the earliest possibile time to request a CLI from Discover? How much can I expect? HP or SP? Thanks

Discover usually limits their quarterly categories to $1500 per quarter. So, $1000 might actually work.

When you see the CLI link, Discover advertises that it may require a credit inquiry, but that they will let you know first. If you agree with what Discover grants, it's based on the most recent SP.

Re: A bit shocked by Discover Credit Line!

cjesser15 — Sat, 21 May 2016 21:39:33 GMT

Discover gave me an $11K starting limit which at the time was by far my highest limit. After a couple auto CLIs and one requested CLI I'm up to $18K which is still my highest limit. I always scratch my head when I see threads like this about Discover being stingy. Wish I knew what it was I'm doing right so I could share.

Re: A bit shocked by Discover Credit Line!

taxi818 — Sat, 21 May 2016 21:44:39 GMT

@vwgrrc wrote:
Just pulled the trigger on a Discover offer I repeatly received in mail. Instant approval for $1000. Really? $1000?

I have about $140K in total credit limit. Amex 30k, BBVA 20K, Arrival+ (got in April) 20K, and several prime cards well over $10K. All are original CLs other than Amex.

What would be the earliest possibile time to request a CLI from Discover? How much can I expect? HP or SP? Thanks

90 days sp. obvious there is something there they are not liking. no worries it will grow very fast unlike the 1k limits one would get with Amex. I went from 2k to 10k in less than a year. So now issue. all was soft pulls on transunion as well. you are in the door is all that matters. And for the last 2 years they have blown amex out of the water. #1 in all catagories. Jd powers.

Re: A bit shocked by Discover Credit Line!

jeffery581 — Sat, 21 May 2016 22:06:43 GMT

My disco it card started out at 1k. With in 3 months of opening they upped it to 4100. I did not ask for it and did not really use the card that much. Maybe they are trying to see how much love I will give them.

Re: A bit shocked by Discover Credit Line!

vwgrrc — Sat, 21 May 2016 22:27:22 GMT

@aussiesareforever wrote:
Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.

Is that auto CLI or you clicked the button? $1000+ per month seems very aggresive!

Re: A bit shocked by Discover Credit Line!

vwgrrc — Sat, 21 May 2016 22:31:26 GMT

90 days sp. obvious there is something there they are not liking. no worries it will grow very fast unlike the 1k limits one would get with Amex. I went from 2k to 10k in less than a year. So now issue. all was soft pulls on transunion as well. you are in the door is all that matters. And for the last 2 years they have blown amex out of the water. #1 in all catagories. Jd powers.

Will the CLI button popup after 90 days? or I need to count 90 days and call discover? Thanks

Re: A bit shocked by Discover Credit Line!

vwgrrc — Sat, 21 May 2016 22:34:04 GMT

It's glad to see many of you have CL increased a lot in a short time. Do I need to show high utilization or low in order to get their auto CLI? Or probably it doesn't matter??

Re: A bit shocked by Discover Credit Line!

taxi818 — Sat, 21 May 2016 22:36:00 GMT

@vwgrrc wrote:

90 days sp. obvious there is something there they are not liking. no worries it will grow very fast unlike the 1k limits one would get with Amex. I went from 2k to 10k in less than a year. So now issue. all was soft pulls on transunion as well. you are in the door is all that matters. And for the last 2 years they have blown amex out of the water. #1 in all catagories. Jd powers.
Will the CLI button popup after 90 days? or I need to count 90 days and call discover? Thanks

Well there is no cli buton to say. But under account management just put in information 90 days after approval. not 91 days but 90 and you will get cli. My first cli was for $500 Actually 2nd cli as well. But after it started going up fast.

Re: A bit shocked by Discover Credit Line!

taxi818 — Sat, 21 May 2016 22:36:58 GMT

@vwgrrc wrote:
It's glad to see many of you have CL increased a lot in a short time. Do I need to show high utilization or low in order to get their auto CLI? Or probably it doesn't matter??

Doesnt matter. I only got 1 auto Cli with very high util. i was 5 days after i got a regular sp cli too. thought it was strange but it worked.

Re: A bit shocked by Discover Credit Line!

aussiesareforever — Sat, 21 May 2016 22:58:12 GMT

@vwgrrc wrote:
@aussiesareforever wrote:
Discover is a "conservative lender". However, if you use the card often and well, they have generally been very liberal and generous with CLIs. I've had a 16K increase since last June, all have been soft pulls.
Is that auto CLI or you clicked the button? $1000+ per month seems very aggresive!

Requested all my increases, from day 61. They always gave me 3K at a time. They declined one request and give me another 3K 2 weeks later.

Re: A bit shocked by Discover Credit Line!

Anonymous — Sat, 21 May 2016 23:03:02 GMT

Been stuck at a $750 dollar limit with Discover for over 3 years now. Every CLI request denied because of late payments on my reports (student loans years ago.) I usually almost max the card out and PIF every month. Perfect payment history with Discover, never been late. Income is six figures. Pure craziness