topic Re: Question - Discover Card - Whats your limit in Credit Cards

Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:03:10 GMT

Just curious for all Discover cardholders. How long have you had your card and what is your limit? I have heard several times that Discover is not too good wth credit lines but I am hoping that this is subjective

Message Edited by Brammy on 11-16-2007 05:03 PM

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:00:54 GMT

My Discover Open Road is one month old and the CL is $6000. First time I qualified for a Discover and was surprised that the CL was even that high.

Re: Question - Discover Card - Whats your limit

andyaycw — Fri, 16 Nov 2007 22:06:16 GMT

Discover did not seem to care that I had an Amex with a $10,000 limit or a Citi with a $17,500 limit. They insisted on giving me a measly $1,000 credit limit just because I was a student.

I've only had the card for 2 months, 3rd billing cycle is coming up soon and I will be asking for a CLI, though I highly doubt I'll get it. If they deny me I'll just keep calling every month from now on until they give me a credit line that's somewhat in line with my other cards. If it's still denied, I'll just throw the card in the sockdrawer after a year or so.

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:11:53 GMT

andyaycw wrote:
Discover did not seem to care that I had an Amex with a $10,000 limit or a Citi with a $17,500 limit. They insisted on giving me a measly $1,000 credit limit just because I was a student.

I've only had the card for 2 months, 3rd billing cycle is coming up soon and I will be asking for a CLI, though I highly doubt I'll get it. If they deny me I'll just keep calling every month from now on until they give me a credit line that's somewhat in line with my other cards. If it's still denied, I'll just throw the card in the sockdrawer after a year or so.

Are those your accounts or AU accounts? Just curious. That is the first I've heard of a 1k Discover.

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:24:14 GMT

They started mine at 2K but at that time my highest TL was only 5K by Amex. So I figured they were doing a little less than half. Since then though I have much higher TL's.. It's ok though- cuz it's my "wallet card" (although that is going to change by next week- am paying last three off and stowing them away for next 6 mos) as I have some high med. bills to pay that I do NOT want to go to collection!!! Learned from the past!!!

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:27:17 GMT

netpanther wrote:

They started mine at 2K but at that time my highest TL was only 5K by Amex. So I figured they were doing a little less than half. Since then though I have much higher TL's.. It's ok though- cuz it's my "wallet card" (although that is going to change by next week- am paying last three off and stowing them away for next 6 mos) as I have some high med. bills to pay that I do NOT want to go to collection!!! Learned from the past!!!

Being self-employed, I feel ya. the insurance doesn't pay a whole lot and just racked up charges from the urgent care clinic for a cast and treatment... all on my card.

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:41:59 GMT

Are those your accounts or AU accounts? Just curious. That is the first I've heard of a 1k Discover.

Brammy, my Discover is also a $1000.00 card. Just a regular ole Discover, not the student version. I am not sure why but there it is.

Van

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:44:19 GMT

Vanyel wrote:

Are those your accounts or AU accounts? Just curious. That is the first I've heard of a 1k Discover.

Brammy, my Discover is also a $1000.00 card. Just a regular ole Discover, not the student version. I am not sure why but there it is.

Van

Have you requested a limit increase? I was afraid that when I app'dthey would give me the HSBC version with a similar limit. I think you may want to call, I understand their underwriting may have changed a little.

I have seen the Amex Sky miles spit out that type of limit but didn;t know Discover did.

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:48:40 GMT

Have you requested a limit increase? I was afraid that when I app'dthey would give me the HSBC version with a similar limit. I think you may want to call, I understand their underwriting may have changed a little.

I have seen the Amex Sky miles spit out that type of limit but didn;t know Discover did.

Ahh that must be in I do believe the bank behind the Discover in my wallet is HSBC. So that must be the difference.

Van

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:48:53 GMT

Brammy wrote:

Vanyel wrote:
Are those your accounts or AU accounts? Just curious. That is the first I've heard of a 1k Discover.
Brammy, my Discover is also a $1000.00 card. Just a regular ole Discover, not the student version. I am not sure why but there it is.

Van

Have you requested a limit increase? I was afraid that when I app'dthey would give me the HSBC version with a similar limit. I think you may want to call, I understand their underwriting may have changed a little.

I have seen the Amex Sky miles spit out that type of limit but didn;t know Discover did.

If you app for reg. discover, you will get reg. Discover. You didn't app through any bank site did you? You app'd on the reg. Discover site correct? Also........ you can pick out just about any design you want for free and they send you an extra card!!

I'm getting the gut feeling they go by highest limit and then decide what to give you. I too, have heard of other's that had high Amex's and still started out w/ 2000, 3000, 5000. Even 1000. Point is- once you've got it- it should be only a matter of time before a CLI if you ask.

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 22:52:58 GMT

Cmon net, I'm silly not stupid Yes I applied directly to Discover but had heardtales of them offering those who did not qual a chance to get an HSBC discover. Actually its right ther on the app on their site. They will not change your product without notifying you and my email has the pic of my beautiful Motvia on it...lol!!!

At times if you hit submit, it will come back "We are unable to offer this product at this time but oour partner HSBC....yada yada yada

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 23:06:50 GMT

Just applied today I almost called an canceled when they told me 4K.

Blue Points $35,000

SouthWest Rewards Signature $17,000

BOA World Perks $10,000

Centurion $ No-Preset

Re: Question - Discover Card - Whats your limit

Platinum25 — Fri, 16 Nov 2007 23:42:12 GMT

They approved me back in July of 06 I believe with 5k. To this day it's still at 5k, with a 2.83 credit balance on the account. Haven't gotten one CLI yet, haven't really asked for one though. I was an AU on a Discover a couple years ago that got frequent CLI's. I've never been late, always paid more than the minimum, so I don't know. They haven't CLI'd me, so it's in the desk drawer.

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 23:46:33 GMT

ddd wrote:

Just applied today I almost called an canceled when they told me 4K.

Blue Points $35,000

SouthWest Rewards Signature $17,000

BOA World Perks $10,000

Centurion $ No-Preset

Wow!! you have a centurion? What do oyu need with a Discover?

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 23:47:13 GMT

ChiTownTimmay wrote:

They approved me back in July of 06 I believe with 5k. To this day it's still at 5k, with a 2.83 credit balance on the account. Haven't gotten one CLI yet, haven't really asked for one though. I was an AU on a Discover a couple years ago that got frequent CLI's. I've never been late, always paid more than the minimum, so I don't know. They haven't CLI'd me, so it's in the desk drawer.

Are you thinking of asking for a CLI? I understand they are soft.

Re: Question - Discover Card - Whats your limit

Platinum25 — Fri, 16 Nov 2007 23:49:21 GMT

If someone can confirm they are a soft then i'll do it, just to see what they give me. But their interest rate it like 17.xx% or something close to that...that's wayyyyy too high for me. My Chase is at 8.99% fixed and my AMEX Blue is at 11% fixed. Why would I pass those up for 17%?? Doesn't make much sense. But I'm a big fan of the high CL's.

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 23:50:21 GMT

ChiTownTimmay wrote:

If someone can confirm they are a soft then i'll do it, just to see what they give me. But their interest rate it like 17.xx% or something close to that...that's wayyyyy too high for me. My Chase is at 8.99% fixed and my AMEX Blue is at 11% fixed. Why would I pass those up for 17%?? Doesn't make much sense. But I'm a big fan of the high CL's.

I would call to verify but have you even requested the interest rate lowered? they range from 10.99-17.xx.

Re: Question - Discover Card - Whats your limit

Anonymous — Fri, 16 Nov 2007 23:54:14 GMT

Brammy wrote:

ChiTownTimmay wrote:
If someone can confirm they are a soft then i'll do it, just to see what they give me. But their interest rate it like 17.xx% or something close to that...that's wayyyyy too high for me. My Chase is at 8.99% fixed and my AMEX Blue is at 11% fixed. Why would I pass those up for 17%?? Doesn't make much sense. But I'm a big fan of the high CL's.

I would call to verify but have you even requested the interest rate lowered? they range from 10.99-17.xx.

Talked w/ a CSR on the phone about 30 mins ago- she said one can request CLI after six mos- so that would be month 7 if you have good history and payments w/ them...

As to lowering APR I was told on the day I activated my acct to call when 0% promo period is over and ask for reduction- by then "fingers crossed" my scores will be at leasdt 700 but I am hoping up to 720 and she said they will do rate reductions based on cred. scores...

Re: Question - Discover Card - Whats your limit

Anonymous — Sat, 17 Nov 2007 00:06:50 GMT

netpanther wrote:

Brammy wrote:

ChiTownTimmay wrote:

If someone can confirm they are a soft then i'll do it, just to see what they give me. But their interest rate it like 17.xx% or something close to that...that's wayyyyy too high for me. My Chase is at 8.99% fixed and my AMEX Blue is at 11% fixed. Why would I pass those up for 17%?? Doesn't make much sense. But I'm a big fan of the high CL's.

I would call to verify but have you even requested the interest rate lowered? they range from 10.99-17.xx.

Talked w/ a CSR on the phone about 30 mins ago- she said one can request CLI after six mos- so that would be month 7 if you have good history and payments w/ them...

As to lowering APR I was told on the day I activated my acct to call when 0% promo period is over and ask for reduction- by then "fingers crossed" my scores will be at leasdt 700 but I am hoping up to 720 and she said they will do rate reductions based on cred. scores...

Cool netp...gotta work on those scores myself...lol! Thanks

Re: Question - Discover Card - Whats your limit

Anonymous — Sat, 17 Nov 2007 00:09:30 GMT

Oh- and the CLI pull is soft first- she said they try to do it inhouse- and if you are rejected they will counteroffer and you can request a hard- but why would any of us do that? Stands to reason if you are rejected on the soft then why ask for the hard?