topic How Often Does Discover Improve Credit Limit? in Credit Cards

How Often Does Discover Improve Credit Limit?

Anonymous — Tue, 19 Mar 2019 12:30:14 GMT

Sorry if this has been answered before, just wondering how often they raise CL. I got approved for the Discover IT with a $1500 CL which seemed low compared to my first cc. Or how often should I request one and are they soft pulls? Thanks.

Re: How Often Does Discover Improve Credit Limit?

Remedios — Tue, 19 Mar 2019 12:35:54 GMT

@Anonymous wrote:
Sorry if this has been answered before, just wondering how often they raise CL. I got approved for the Discover IT with a $1500 CL which seemed low compared to my first cc. Or how often should I request one and are they soft pulls? Thanks.

They are soft pulls and you can request one once 3rd statement is generated.

After that, it's anybody's guess how often they will grant CLI and how much. I've had the best luck requesting one very three months.

Re: How Often Does Discover Improve Credit Limit?

Loquat — Tue, 19 Mar 2019 12:47:26 GMT

My first Discover was approved with a $2700 limit. Increased by $1k and then by $500. It's been stuck at $4200 for a couple of years. Crazy thing is that I applied for second Discover card and was approved for $12k while still being denied for an increase on the first with their reason being "insufficient experience at current limit" or whatever jingle they use.

Discover is an odd duck...

Re: How Often Does Discover Improve Credit Limit?

xaximus — Tue, 19 Mar 2019 12:55:03 GMT

Discover tends to like being the "daily driver". I would put a decent amount of spending on it (especially the 5% categories). Discover CLI's are all SPs and you can always call in to DD (double dip). More often then not, you can get an CLI every 3 months, but that's not always the case. There will be times where you may not get one for longer then 3 months. There's no rhyme or reason to Discover..

Re: How Often Does Discover Improve Credit Limit?

HeavenOhio — Tue, 19 Mar 2019 13:37:21 GMT

Welcome, @Anonymous.

As mentioned, wait for the third statement. After your first request, maybe you could go with 60 days after an approval and 30 days after a denial. Maybe you'll detect a pattern over time and you can simply go with that.

Re: How Often Does Discover Improve Credit Limit?

pinkandgrey — Tue, 19 Mar 2019 13:44:06 GMT

They are SP and Disco can be quite generous to some and stingy with others. No one knows for sure, but in general, if you use the card a lot, and pay responsibly, they will be good to you.

Re: How Often Does Discover Improve Credit Limit?

Anonymous — Tue, 19 Mar 2019 13:55:48 GMT

@Anonymous wrote:
Sorry if this has been answered before, just wondering how often they raise CL. I got approved for the Discover IT with a $1500 CL which seemed low compared to my first cc. Or how often should I request one and are they soft pulls? Thanks.

Please read my post below, I had a similiar starting CL and i have been able to get 2 cli's in the first 100 days. Update to the post is in the comments.

https://ficoforums.myfico.com/t5/Credit-Cards/My-Disco-Journey-w-data-points/td-p/5425276

Re: How Often Does Discover Improve Credit Limit?

dynamicvb — Tue, 19 Mar 2019 14:14:25 GMT

Discover has been good to me. They started me out last August with a 12K SL. Then after 3 months, I clicked the button and got a 4K increase. Then for the next three months, I've gotten another 2K total. They finally gave me my first denial for not enough experience last week. I'm thinking this is just because I have a balance of 22% UTI right now from a large purchase that I have not paid off yet.

Re: How Often Does Discover Improve Credit Limit?

Queen_Etherea — Tue, 19 Mar 2019 15:32:03 GMT

Technically, you can get one every 30 days. Whether or not they approve you for one is a whole different ball game. When I DD'd for my last CLI, I asked the lady on the phone how often you can get a CLI and she said they're able to approve one every 30 days.

Re: How Often Does Discover Improve Credit Limit?

Anonymous — Tue, 19 Mar 2019 16:50:42 GMT

@Queen_Etherea wrote:
Technically, you can get one every 30 days. Whether or not they approve you for one is a whole different ball game. When I DD'd for my last CLI, I asked the lady on the phone how often you can get a CLI and she said they're able to approve one every 30 days.

There are people who have gotten them in less than 30 days and there are people who can’t get them in 6 months.

Re: How Often Does Discover Improve Credit Limit?

Anonymous — Tue, 19 Mar 2019 17:02:09 GMT

I recommend reading through the Discover unofficial data points thread when you have time, as you'll see a ton of different profiles and what worked/didn't work for them with respect to Discover CLIs. Whether or not that information has any bearing on your Discover growth now and in the future is questionable, but it's a great read and will arm you with plenty of knowledge when it comes to Discover CLIs.

Re: How Often Does Discover Improve Credit Limit?

Anonymous — Tue, 19 Mar 2019 17:34:12 GMT

I have a $2000 limit on my Discover, It is the lowest of all my cards and it's only 2 months, but I think it's alright.

I would only use this card when I get a 5% category that I actually use and doesn't conflict with Freedom or Gold (4xMR > 5% Cash).

Since the cap is $1500, so, theoretically I would need NO more than 1500 limit.

Just my thoughts and in my case I don't need to increase my overall limit at this time.

Re: How Often Does Discover Improve Credit Limit?

Anonymous — Tue, 19 Mar 2019 18:49:36 GMT

Thanks for all the replies and insightful answers everyone. Just wanted to get a ballpark range on the frequency of CL increases, my initial CL seemed low compared to my first credit card from a stricter credit issuer. It does seem like it varies drastically from person to person.

Re: How Often Does Discover Improve Credit Limit?

Anonymous — Tue, 19 Mar 2019 22:22:58 GMT

CLIs are all over the map with Discover. Some report them being available frequently, say every 30-60 days. Others find them coming more in in the 3-6 month range. Some are lucky to see one per year, while there's definitely a final group that literally never sees them.

Re: How Often Does Discover Improve Credit Limit?

romy134 — Tue, 19 Mar 2019 23:37:47 GMT

So my dico card just graduated, how long should I wait till I send in a request?

Re: How Often Does Discover Improve Credit Limit?

Anonymous — Wed, 20 Mar 2019 01:14:39 GMT

I think 3 months would be a reasonable time frame, but you could do it as early as tomorrow if you'd like without risking anything.

Re: How Often Does Discover Improve Credit Limit?

Anonymous — Wed, 20 Mar 2019 10:31:42 GMT

Many questions get asked on here multiple time, haha

I'd say maybe check once a month. Certainly your CLI offer isn't gonna be as big as if you were to wait 2 or even 3 months though. My Discover It is 1 year and 5 months old now and have gotten 3 soft pull CLIs. I went from $750 in October 2017 to $1500 in March 2018 to $2000 in June 2018 to $3500 in February 2019. Sometimes they do auto CLIs. Otherwise, you can ask for one and it will be a soft pull CLI. I initiated the request each time. It can vary for everyone how often Discover is willing to increase the credit limit.

Re: How Often Does Discover Improve Credit Limit?

Anonymous — Wed, 20 Mar 2019 12:19:48 GMT

@Anonymous wrote:
Many questions get asked on here multiple time, haha

I'd say maybe check once a month. Certainly your CLI offer isn't gonna be as big as if you were to wait 2 or even 3 months though.

To be expected when you're talking a forum with around 3.5 million posts.

I disagree with your theory that a CLI will be bigger if you wait longer. There's no way to know that for sure.

I received $11,800 ($3800, $4000, $4000) across 3 CLIs in 64 days from Discover early on when I had my account. I find it hard to believe that if I hadn't gone for/accepted the first two that if on Day 64 I requested one my CLI would have been $11,800 or greater. In fact, I'd argue just the opposite that my CLI would have likely be just about what my first one was and that I would have "missed out" on the other 2 that were obviously on the table for me over that span of time.

Re: How Often Does Discover Improve Credit Limit?

Gregory1776 — Wed, 20 Mar 2019 20:25:04 GMT

you can always call in to DD (double dip).

Thanks for reminding me....!!!

Re: How Often Does Discover Improve Credit Limit?

parzivalmx — Wed, 20 Mar 2019 20:28:24 GMT

For me, My card gor graduted exatly after 6 months. I had $200CL got increased to $1250 at graduation time.