topic Re: Discover Credit Limit in Credit Cards

Discover Credit Limit

shane1978 — Tue, 12 Nov 2019 15:24:43 GMT

Does anyone know the credit limit that triggers proof of employment/income? I am sitting at $29,800 right now and have only the one card with them. I am sure this has been asked on this forum but my search has come up cold or the information is outdated.

Re: Discover Credit Limit

AverageJoesCredit — Tue, 12 Nov 2019 15:32:55 GMT

I think you are fine unless you lied about income or perhaps the info they use to correlate income doesnt match. We were seeing some 4506-t requests recently but imo that seemed more applicsnt specific than general population. Poi is seldom asked for by Disco though more prevalent with Amex after a certain threshold

Re: Discover Credit Limit

shane1978 — Tue, 12 Nov 2019 15:36:36 GMT

Thank for the quick response. Just to be clear, my credit limit is $29,800 not income. I was thinking of going for $35,000. POI is not an issue but I don't want the hassle.

Re: Discover Credit Limit

Anonymous — Tue, 12 Nov 2019 15:39:17 GMT

Discover was only sending out 4506-T requests to specific accounts.

With how random they are with granting CLIs anyway, I would say you have nothing to lose asking them.

Re: Discover Credit Limit

shane1978 — Tue, 12 Nov 2019 15:41:31 GMT

Saeren,

Agreed. Doesn't hurt to ask.

Re: Discover Credit Limit

AverageJoesCredit — Tue, 12 Nov 2019 15:51:38 GMT

My bad, great limit. Great thing about Disco is cli requests are sp unless they tell you they need to pull. I hulk smash a million times and not once have i been offered the hp opportunity

Re: Discover Credit Limit

shane1978 — Tue, 12 Nov 2019 15:55:52 GMT

Hulk smash it is then...lol!

Re: Discover Credit Limit

Remedios — Tue, 12 Nov 2019 17:35:46 GMT

You cannot request any particular amount with them, so ask and see what, if anything, they give you

Another thing, Discover won't do HP on demand, so if they say no to increase, try again next time.

Re: Discover Credit Limit

shane1978 — Tue, 12 Nov 2019 17:38:46 GMT

Remedios,

Thanks for the input. It's been awhile since my last request. I forgot about not being able to give an exact request.

Re: Discover Credit Limit

CreditInspired — Tue, 12 Nov 2019 18:30:38 GMT

@Remedios wrote:
You cannot request any particular amount with them, so ask and see what, if anything, they give you
Another thing, Discover won't do HP on demand, so if they say no to increase, try again next time.

Also, OP, if you get an instant approval on your CLI request, call in and DD (double dip). Ask if you can get anymore on the same SP. The secret to this is it must be done the same day. I usually do it right after being instantly approved.

GL2U

Re: Discover Credit Limit

Remedios — Tue, 12 Nov 2019 18:40:49 GMT

@shane1978 wrote:
Remedios,

Thanks for the input. It's been awhile since my last request. I forgot about not being able to give an exact request.

Just give it a try. It's a SP anyway, it will work eventually . Good luck!

Re: Discover Credit Limit

shane1978 — Tue, 12 Nov 2019 18:43:42 GMT

CreditInspired,

Well, I called in (internet was down) and they gave me a $500 increase. $29,800 to $30,300. Would the call in technique work since I originally called in? Is there a special number I should call? Thanks in advance.

Re: Discover Credit Limit

Aim_High — Tue, 12 Nov 2019 19:16:07 GMT

I have been with Discover for over 26 years and my card is at $50K.

They have never asked for POI.

But I think I'm at maximum exposure with them.

I don't think I've seen anyone over that with Discover and they denied more credit.

Re: Discover Credit Limit

Anonymous — Tue, 12 Nov 2019 19:47:24 GMT

Same.

No luv for me since auto increase 6 months ago..stuck at current limit it seems.

@AverageJoesCredit wrote:
My bad, great limit. Great thing about Disco is cli requests are sp unless they tell you they need to pull. I hulk smash a million times and not once have i been offered the hp opportunity

Re: Discover Credit Limit

AverageJoesCredit — Tue, 12 Nov 2019 21:14:17 GMT

Call in again and try for a DD Worse they say is no. Tell them if you dont at least break 1k, you cant attend the family Thanksgiving dinner

Re: Discover Credit Limit

Anonymous — Tue, 12 Nov 2019 21:25:07 GMT

I was personally told by Discover Customer Service that I could not go over the 50k limit.

For example, I have two cards with Discover. 1 has 45k and the other 5k.

Only option I have is to move credit line amounts in between the cards.

I will never be able to go above the total of 50k..

Again this is what I was told by Discover customer service online chat.

Re: Discover Credit Limit

FinStar — Tue, 12 Nov 2019 21:38:30 GMT

@Anonymous wrote:
I was personally told by Discover Customer Service that I could not go over the 50k limit.
For example, I have two cards with Discover. 1 has 45k and the other 5k.
Only option I have is to move credit line amounts in between the cards.

I will never be able to go above the total of 50k..

Again this is what I was told by Discover customer service online chat.

And, just as we've known in these forums and by personal experiences, I take what most agents say with a grain of salt. I have almost 2x your CL so I know that $50K isn't the max. Perhaps for your individual profile with 2 cards, yes. But, not for every profile.

Re: Discover Credit Limit

AverageJoesCredit — Tue, 12 Nov 2019 22:35:54 GMT

I was told by Navy Federal that i was at my max credit exposure of 17.3 k on 2 cc's.....

Re: Discover Credit Limit

AverageJoesCredit — Tue, 12 Nov 2019 22:36:58 GMT

Then they auto cli me to 20.2k on my Cash Rewards. Never say never as my good friend @UncleB would say

Re: Discover Credit Limit

Anonymous — Wed, 13 Nov 2019 00:20:44 GMT

So did you ever request a CLI? It's only a SP so quit your stalling!

Oh I see that you did, you better call them qick if you want a double dip though! Or at least more than $500, and possibly share with them why you need more than that. It will be based on you spend, so hopefully it get used anough to warrant a large increase.

Edit:

For DP sakes I just checked to see my offers and I have two available, although very different terms than previous offers. 5.99%