topic Re: The tale of 2 Discover cards in Credit Cards

The tale of 2 Discover cards

newhis — Thu, 26 May 2016 15:26:27 GMT

My DW started her credit history with BofA Secured and Discover Student card over 2 years ago. I started with BofA Secured and Discover IT (regular) card one month later. Her limit with Discover was $500 and mine $1000.

Her graduation date (from a masters) was a year ago. The same month they auto-CLI to $3,000 ($0 cash advance). The option to request a credit limit in the 'card details' section has never shown. She keep asking for SP CLI going to the option in 'Account' menu and they always ask authorization for a HP and she always declines.

She asked Discover if her card still shows as 'student' and they say no. Last month she created a 'refer a friend' email and the link sent out take the applicant to the Discover Student version. After that she contacted Discover again and they insist that there is no 'student' record in her card.

She did get an extra category for 5% back beginning of 2015 (I think it was in a specific gas station), and then got a 0% for 12 months offer a year ago.

My card started at $1,000, after 6 months I was able to get a SP CLI to $2,500, back in that time you entered what you wanted, I didn't know that it was better to ask for more, anyway they granted the full request. Then all denials for SP CLI. The same day they gave my DW an increase, they gave it to me too, my card limit grew to $3,500.

No extra promotions or 0% offers, just a little drop in APR for me. All SP CLI denied. December 2015 auto-CLI to $9,000. No SP-CLI the next few months.

Last month my SP CLI was answered with an offer up to $4,500 (I can move the slider if I wanted less). I took the $4,500 of course.

After 31 days from las CLI I asked again and for the first time I got the 'we will let you know in 2 days'. I didn't check my account the next day and when I logged back at second day my limit was increased by $6,000. I didn't expect that. I'm done with Discover CLI until my income gets better.

I read a few posts from people telling other 'do not get the Student version, try for the regular card'. I think our experience is just another post in the same direction.

Her Discover is her lowest limit card. Now my Discover is my second highest.

Re: The tale of 2 Discover cards

Samac — Thu, 26 May 2016 17:05:39 GMT

She has a very similar story to mine. Started with the student card with a $800 limit. My limit is now 3100. Hasn't budged in about a year, had the card for 2 years. I hit the button and they want to hard pull me and I say no thanks. My other limits aren't very high, but other than a couple store cards it's slowly becoming my lowest limit.

Re: The tale of 2 Discover cards

Anonymous — Thu, 26 May 2016 17:26:16 GMT

I think I have the student as well! Does anyone know if you can close it and try and apply for a regular It? I ask because if the CSR is adamant it's a regular It I don't see any other option.

Re: The tale of 2 Discover cards

Sharingan — Thu, 26 May 2016 18:38:21 GMT

Yep, sounds very familiar to me with my Discover IT card that I originally got as a Discover More Student card. I've been told on several occasions that mine is not a 'student' card but the representatives are either lying or there is something that exists in the system that representatives cannot see. I have never been able to receive a SP CLI with my Discover IT card in the 4 years I have had it; and my exposure limits with every other bank I had during college have increased exponentially since then except Discover. I do plan on closing my Discover IT soon and possibly reopening it sometime in the future if I care enough because the current card is obviously restricted or capped.

I definitely regret going for the student version back then because now I'm stuck with a barely useful card due to a crappy limit. I never like to compare limits between banks due to the differences and complexities in underwriting, but I find it funny that my exposure limit with U.S. Bank (widely considered a very conservative lender) is roughly 7x what I have with Discover. I highly doubt that is a scenario experienced by very many who have products from both banks.

Re: The tale of 2 Discover cards

newhis — Fri, 27 May 2016 22:09:45 GMT

@Anonymous wrote:
I think I have the student as well! Does anyone know if you can close it and try and apply for a regular It? I ask because if the CSR is adamant it's a regular It I don't see any other option.

I have read that some people have done that. I don't see any restrictions to close the card and app again for the regular card, I usually see restrictions when the card has a welcome bonus.

In a couple of months my DW will transfer limit from Freedom to CSP at that point all her cards will be 6K or more. Her plan is to keep the card, keep asking for lower APR every 6 months and every month try a SP CLI. Maybe SD it for couple months.

I guess if she only use it for the 5% categories 3K is not that bad.

Re: The tale of 2 Discover cards

RonM21 — Sun, 29 May 2016 19:53:39 GMT

I can't see why not either. But maybe s search of the threads may be helpful, or.even.calling them to see.

Re: The tale of 2 Discover cards

alkaline — Wed, 01 Jun 2016 21:30:49 GMT

Same issue here. Applied for the student card a couple of years ago and it's my lowest limit card. Never had any SP CLIs. Only two HP CLIs. SDed the card a couple of months ago.

Re: The tale of 2 Discover cards

Anonymous — Wed, 01 Jun 2016 22:13:36 GMT

Same problem with me. My discover card has slowly moved to 5k . Have got SP CLI of $500 over two years. My other cards are well over 10k.

Re: The tale of 2 Discover cards

delaney1 — Thu, 02 Jun 2016 14:15:05 GMT

This is quite interesting. I was going to have DD apply for the student version at some point, reconsidering that now. She can just continue as an AU on my card until she qualifies for a no student card. This is good information to have.

Re: The tale of 2 Discover cards

Anonymous — Thu, 02 Jun 2016 18:20:46 GMT

Where do you set the limit you want on discovers web site? I've never seen it.

Re: The tale of 2 Discover cards

newhis — Fri, 03 Jun 2016 01:08:02 GMT

@Anonymous wrote:
Where do you set the limit you want on discovers web site? I've never seen it.

2 years ago, when you asked for a CLI you have to put the new limit that you wanted. Now the changed the CLI page and there is no option to put the limit any more. Now, if they approve a CLI, they show a slider where you can select a lower number.

Re: The tale of 2 Discover cards

Anonymous — Fri, 03 Jun 2016 02:00:38 GMT

I agree with this bs! Source: see sig
Note: discover was my most used card for 8 months. Only had it for a year.