topic Re: Starting Credit Line in Credit Cards

Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:04:30 GMT

For you Discover experts. Discover gave me a personalized offer.

Discover It Miles
O% purchases and BT for 14 months
100% match after a year
11.99% after intro period

What type of SL do you think I would get? Scores and utilization in my siggy.

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:06:07 GMT

Income is $87k.

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:10:37 GMT

This is like the Price Is Right, I'm gonna go with $1.

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:14:36 GMT

Wasn't it you who did this when I asked and was approved for the CSP?

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:16:40 GMT

Did what?

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:20:29 GMT

Forget it.

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:27:43 GMT

My guess, and truly is a guess, is $8,000. As a comparison, I've had my card now for 10 1/2 months. I was given a $12K starting limit (now $15K) with scores a little above 800 and limits on cards in the $15-50K range.

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:27:18 GMT

That's what I was thinking. Although I thought I would get between 5-8k on the CSP.

I know Discover can be conservative. I think I may pass.

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:32:31 GMT

This is a good card for rewards if you cycle it right, esp with the 1st year bonus. Any reason you need a huge CL? They started me off at 10 K, and now I'm at 20 K (little over a year later). Scores all around 750ish. Other than scores, new credit lines will many times look at your exisitng lines to determine a starting limit. Edit: just saw you're looking at the miles card, i went for cash back.

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:39:03 GMT

No. I don't need a huge SL. I was hoping 10k.

And I'm pretty sure they pull Equifax, which is my lowest score. My AAOA's is only 1.8 months on there. For some reason my paid mortgage dropped off Equifax last year.

But still reports on the other two. Paid off in 2015. It's weird.

No baddies totally clean files.

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:37:23 GMT

The personalized offer was for Miles. They still match after the first year.

Re: Starting Credit Line

AverageJoesCredit — Thu, 14 Sep 2017 21:40:20 GMT

Im not sure Donny, they have been giving out better sl these days than cli. Just a heads up im not sure if its all of Discover or just me but i just logged in to find they are saying suspicious activity and my account or card may have been compromised so they are sending out a new card with new account number. Heads up and good luck if you go for the Disco

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:41:46 GMT

Thanks AJC. I will have my DW check her Discover account online right now.

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:44:00 GMT

DW's account is fine.

Re: Starting Credit Line

AverageJoesCredit — Thu, 14 Sep 2017 21:53:15 GMT

Yeah ok thats good, Irish says it may have been on my card . I just got off the phone with Disco and apparently somewhere i may have used it , though it was reported yesterday, there may have been a data breach and they procatively closed my account and issued a new one.

Again, best of luck Donny on your decision

Re: Starting Credit Line

Anonymous — Thu, 14 Sep 2017 21:58:59 GMT

@AverageJoesCredit wrote:
Yeah ok thats good, Irish says it may have been on my card . I just got off the phone with Disco and apparently somewhere i may have used it , though it was reported yesterday, there may have been a data breach and they procatively closed my account and issued a new one.

Again, best of luck Donny on your decision

Thanks, bud.

Re: Starting Credit Line

HeavenOhio — Fri, 15 Sep 2017 13:42:41 GMT

I'll place my bet on $10,000 or a little below. You didn't mention your current utilization. That may or may not have an effect.

Re: Starting Credit Line

K-in-Boston — Fri, 15 Sep 2017 14:05:58 GMT

@Anonymous wrote:
No. I don't need a huge SL. I was hoping 10k.

And I'm pretty sure they pull Equifax, which is my lowest score. My AAOA's is only 1.8 months on there. For some reason my paid mortgage dropped off Equifax last year.

But still reports on the other two. Paid off in 2015. It's weird.

No baddies totally clean files.

Discover pulled Experian for me in 2016; that would be your best-case scenario. Uhmmm, is that 1.8 months AAOA a typo?! I can't fathom that being correct. I'm going with $8-12k for a SL; they do seem to be getting bigger now, but taking away the generosity from those of us that already have the cards.

Re: Starting Credit Line

Anonymous — Fri, 15 Sep 2017 16:28:44 GMT

@HeavenOhio wrote:
I'll place my bet on $10,000 or a little below. You didn't mention your current utilization. That may or may not have an effect.

It's in my siggy. 6%.

Re: Starting Credit Line

Anonymous — Fri, 15 Sep 2017 16:30:20 GMT

@K-in-Boston wrote:
@Anonymous wrote:
No. I don't need a huge SL. I was hoping 10k.

And I'm pretty sure they pull Equifax, which is my lowest score. My AAOA's is only 1.8 months on there. For some reason my paid mortgage dropped off Equifax last year.

But still reports on the other two. Paid off in 2015. It's weird.

No baddies totally clean files.
Discover pulled Experian for me in 2016; that would be your best-case scenario. Uhmmm, is that 1.8 months AAOA a typo?! I can't fathom that being correct. I'm going with $8-12k for a SL; they do seem to be getting bigger now, but taking away the generosity from those of us that already have the cards.

Maybe it's a typo with Equifax, but that's what it is, transunion and Experian are 2.1 years.