topic Re: Discover is pretty stingy... in Credit Cards

Discover is pretty stingy...

Sevenfeet — Fri, 17 May 2013 16:20:14 GMT

This morning I got an email from Discover congratulating me on new CLI from them on my IT card. Now for those of you following my story, you know that I've been generally ticked at Discover for their lowball CL ($2500) and high beginning interest rate (20.99%) since I apped for them at the end of February. So it was a surprise to see a CLI after only three months....

Oops, cancel the happy dance...the quote from my email:

"Congratulations! We're pleased to inform you that your outstanding credit management has earned you a credit line increase on your Discover® card.

The new credit line on your Discover card account is $2,750, of which your cash credit line is $700.

In the coming months, we will continue to evaluate your account. Then based on your overall credit behavior and Discover card usage, we may continue increasing your credit line."

That's right, they CLI'd me a whopping 10% to bring my old CL of $2500 to a whopping $2750. Not a $2750 CLI...a $250 CLI.

Really guys? That's supposed to blow air up my skirt? I just spent that much on dinner with my wife a few days ago at the Palm. Did you not read in my account profile that my household income is closer to $200K, not $20K?

Now in Discover's (weak) defense, I've not been using this card much...no more than $150 ever charged on it in a month and always PIF. I still intend on buying a new Macbook Air or Pro for my wife when Apple announces new product in two weeks with this card. And then we'll see if their opinion of me changes at all. And hey, I'm grateful for any CLI. But man, these guys are cheap!

Re: Discover is pretty stingy...

Anonymous — Fri, 17 May 2013 16:35:38 GMT

That is rather cheap... although, I think from another thread I read, Discover likes to see balances reporting, and decent use of the card, so perhaps when you get the new computer!

Regardless, congrats on the CLI, lol!

Re: Discover is pretty stingy...

FutureBillionaire — Fri, 17 May 2013 16:36:50 GMT

@Sevenfeet wrote:
This morning I got an email from Discover congratulating me on new CLI from them on my IT card. Now for those of you following my story, you know that I've been generally ticked at Discover for their lowball CL ($2500) and high beginning interest rate (20.99%) since I apped for them at the end of February. So it was a surprise to see a CLI after only three months....

Oops, cancel the happy dance...the quote from my email:

"Congratulations! We're pleased to inform you that your outstanding credit management has earned you a credit line increase on your Discover® card.

The new credit line on your Discover card account is $2,750, of which your cash credit line is $700.

In the coming months, we will continue to evaluate your account. Then based on your overall credit behavior and Discover card usage, we may continue increasing your credit line."

That's right, they CLI'd me a whopping 10% to bring my old CL of $2500 to a whopping $2750. Not a $2750 CLI...a $250 CLI.

Really guys? That's supposed to blow air up my skirt? I just spent that much on dinner with my wife a few days ago at the Palm. Did you not read in my account profile that my household income is closer to $200K, not $20K?

Now in Discover's (weak) defense, I've not been using this card much...no more than $150 ever charged on it in a month and always PIF. I still intend on buying a new Macbook Air or Pro for my wife when Apple announces new product in two weeks with this card. And then we'll see if their opinion of me changes at all. And hey, I'm grateful for any CLI. But man, these guys are cheap!

I couldn't agree more. I'm going to ramp up my spending on my lower limit card that I have with them since I converted to a 2% on everything rewards system. I plan on pif every cycle, so I should have different results.

Re: Discover is pretty stingy...

Lambo23 — Fri, 17 May 2013 16:55:24 GMT

Discover is annoying. They take forever to post transactions and to post payments. I only use my IT for shop discover.

Re: Discover is pretty stingy...

Themanwhocan — Mon, 20 May 2013 00:01:53 GMT

At least you got something from them. I got my card a month earlier (end of January), put about $300, $200, $500 on the card, and my $2000 CL is... still $2000.

Oh, and my cash advance credit line is a whopping $200.

Re: Discover is pretty stingy...

Anonymous — Sat, 18 May 2013 01:14:22 GMT

At least you got something. I had the card since early January and spent over 3k on it, still naddaaaaaaaa.

Re: Discover is pretty stingy...

myjourney — Sat, 18 May 2013 01:15:37 GMT

Ouch

Maybe your next one will be hugh

Re: Discover is pretty stingy...

Anonymous — Sat, 18 May 2013 01:16:25 GMT

+1 to eviLution

Re: Discover is pretty stingy...

Anonymous — Sat, 18 May 2013 01:25:06 GMT

+1 to 09Lexie ;P

Re: Discover is pretty stingy...

kevinjjc — Sat, 18 May 2013 01:52:01 GMT

Yeah, unfortunately Discover can be pretty stingy with credit limits. Are you willing to sacrifice a hard pull? I bet, based on the high limits on your other cards, you will get a large CLI if you let them do a hard pull.

Re: Discover is pretty stingy...

JustMe77 — Sat, 18 May 2013 01:58:55 GMT

I got an email yesterday too, they upped mine from $10,500 to $11,500. Compared to the limits on my other cards, that's huge. I use my Discover card pretty heavily though.

Sorry they're being like that for you I don't even care about the limit, I just want a lower interest rate. I haven't asked yet but I hope one day I can lower it. It's over 20% I think (Discover IT).

Re: Discover is pretty stingy...

FocusedAndDetermined — Sat, 18 May 2013 03:00:47 GMT

something is better than nothing. Your Apple purchase should boost your chances of a larger CLI.

Re: Discover is pretty stingy...

android01 — Sat, 18 May 2013 03:55:31 GMT

Sounds to me like you're all doing pretty good. I've had a Discover card since 1986. Original CL was 15K. Got a CLI to 24K in 2012 with a hard pull. There were no auto CLI's ever - in 25 years.

Re: Discover is pretty stingy...

cclee — Sat, 18 May 2013 04:27:11 GMT

I've had 2 auto CLI in the last 3 mo's, it is my go to card though, use it for everything, just got an offer of 3% cash back on all purchase thru Dec 31st plus the 5% quartly promo's.

Re: Discover is pretty stingy...

zerobacan — Sat, 18 May 2013 04:57:27 GMT

@cclee wrote:
I've had 2 auto CLI in the last 3 mo's, it is my go to card though, use it for everything, just got an offer of 3% cash back on all purchase thru Dec 31st plus the 5% quartly promo's.

cclee, do you do multiple payments? PIF? report any balance?

thanks

Re: Discover is pretty stingy...

Anonymous — Sat, 18 May 2013 05:46:06 GMT

They were pretty stingy with me too!

Re: Discover is pretty stingy...

MarcinXP — Sat, 18 May 2013 05:48:02 GMT

My Fiance just called them yesterday because she got frustrated that her $1700 limit has been like that for almost 9 months and they denied her via soft pull. Called backdoor, spoke to analyst after getting her denial letter and explained to him that the reasons do not match her profile. He went on about how she got to contact the credit reporting agencies and she said she did and they told her to contact them. Anyway he said he would be able to manually review credit but that would be a hard pull. Seeing as she has no inq, she agreed and then he came back and told her he would match her other card at $3500...so almost a double increase + $100 bucks....she took it..it was worth the hard pull and at this time she is happy..never spent more than $1500 on it in a month and alwasy PIF

Re: Discover is pretty stingy...

E150GT — Sat, 18 May 2013 09:07:08 GMT

You have to use the card for them to increase the limit. They started me at $3000 and have grown to $6600 in less than two years. I have use the card quite a bit though.

Re: Discover is pretty stingy...

Mike360 — Sat, 18 May 2013 10:59:20 GMT

@Sevenfeet wrote:

Really guys? That's supposed to blow air up my skirt? I just spent that much on dinner with my wife a few days ago at the Palm. Did you not read in my account profile that my household income is closer to $200K, not $20K?

Not sure if your income factored into the decision. As one of those 20K people i've gotten quite a few increases and they have all been over $500 each time..once was $200 from Citi.

Re: Discover is pretty stingy...

mxp114 — Sat, 18 May 2013 11:44:01 GMT

@Sevenfeet wrote:
Now in Discover's (weak) defense, I've not been using this card much...no more than $150 ever charged on it in a month and always PIF.

Not weak but a very compelling justification for lack of a higher line. Discover is more conservative and they like to see utilization, especially in the $20k+ lines. I requested an increase to $40,000 and got it. So they do give high lines when your credit, income AND spending demands it