topic Re: is Discover really this strict/stingy? in Credit Cards

is Discover really this strict/stingy?

Anonymous — Tue, 18 Nov 2014 04:56:30 GMT

it's my lowest limit card (1k) and CLI was denied

I guess there's no point in using it with such a low limit since I already have other reward cards including Sallie Mae

off to the SD you go!

Re: is Discover really this strict/stingy?

Anonymous — Tue, 18 Nov 2014 05:08:36 GMT

@Anonymous wrote:
it's my lowest limit card (1k) and CLI was denied

I guess there's no point in using it with such a low limit since I already have other reward cards including Sallie Mae

off to the SD you go!

They can be.

Re: is Discover really this strict/stingy?

Anonymous — Tue, 18 Nov 2014 05:10:06 GMT

Yes Discover went straight to my SD when I got it. It's my lowest limit and they would not give me the promo APR. I may just end up closing it so I don't have to manage it.

Btw, does anyone else have troubles with their website? Using Chrome a bunch of the links are dead and it has a bunch of errors. It's difficult to navigate.

Re: is Discover really this strict/stingy?

JustinS — Tue, 18 Nov 2014 05:10:14 GMT

@Anonymous wrote:
@Anonymous wrote:
it's my lowest limit card (1k) and CLI was denied

I guess there's no point in using it with such a low limit since I already have other reward cards including Sallie Mae

off to the SD you go!
They can be.

+1 mine with a hp cli got an all of $500 cli...

Re: is Discover really this strict/stingy?

FinStar — Tue, 18 Nov 2014 05:14:14 GMT

@Anonymous wrote:
@Anonymous wrote:
it's my lowest limit card (1k) and CLI was denied

I guess there's no point in using it with such a low limit since I already have other reward cards including Sallie Mae

off to the SD you go!
They can be.

I've never had any issues with them but then again I've had Discover since the mid-90s. For some folks, yes they seem to be more on the conservative side. Of course, you're welcome to spin the wheel and take a HP and see what it gets you OP.

Re: is Discover really this strict/stingy?

SGR — Tue, 18 Nov 2014 05:26:46 GMT

Discover has always been stingy with me as well. I eventually took a HP to get a CLI after having the card for a year and even then I only got a 1k bump. I referred my brother to the card to take advantage of the $50 bonus and he ended up getting a limit of only $500 despite having a 710 FICO score and several 10k+ limits with other cards. They wouldn't even give him the 0% promo offer either.

Re: is Discover really this strict/stingy?

newhis — Tue, 18 Nov 2014 05:30:50 GMT

My DW is almost 9 statements with her's at $500, it is a student version. Mine got a SP increase after 6th statement from 1k to 2.5k.

If they don't SP her card in 3 months she is going to close it. Then few months later apply again. I think she will get better results with that HP instead of requesting a CLI.

Re: is Discover really this strict/stingy?

Chris679 — Tue, 18 Nov 2014 05:32:20 GMT

I just got CLI from $3500 to $7500 in July and then to $10000 this month. Also lowered APR twice this year down to 13.24% now. So in my experience no but for a couple years they would not budge.

Re: is Discover really this strict/stingy?

uswala — Tue, 18 Nov 2014 05:37:00 GMT

I got my Discover with $750 CL and after 91 days when I asked for $4000 they gave it to me (with HP).

Re: is Discover really this strict/stingy?

CreditCuriosity — Tue, 18 Nov 2014 05:39:35 GMT

My best friend has a 15k limit, so they can be giving... Sure there are alot higher limits out there as well

Re: is Discover really this strict/stingy?

selena — Tue, 18 Nov 2014 05:41:35 GMT

@Anonymous wrote:
Yes Discover went straight to my SD when I got it. It's my lowest limit and they would not give me the promo APR. I may just end up closing it so I don't have to manage it.

Btw, does anyone else have troubles with their website? Using Chrome a bunch of the links are dead and it has a bunch of errors. It's difficult to navigate.

I'm using Safari and tried to pull up my recent statement and all the links and text overlapped and I couldn't read anything either.

Re: is Discover really this strict/stingy?

FinStar — Tue, 18 Nov 2014 05:50:14 GMT

@CreditCuriousity wrote:
My best friend has a 15k limit, so they can be giving... Sure there are alot higher limits out there as well

Correct, mine is currently 19.5K and there are others with higher CLs.

Re: is Discover really this strict/stingy?

HiLine — Tue, 18 Nov 2014 05:53:04 GMT

Quite opposite. Mine went from 2k to 12.5 in 2 years. No hard inquiry whatsoever.

Re: is Discover really this strict/stingy?

Anonymous — Tue, 18 Nov 2014 06:10:28 GMT

I applied for my Discover IT card in may, about 6 months ago, and received 1500 initial. I've been doing alot of holiday shopping so my utilization is about 90% and I woke up today with a $500 auto cli. Really strange but im not complaining.

Re: is Discover really this strict/stingy?

Bunnylocks — Tue, 18 Nov 2014 06:28:55 GMT

They have been very generous to me as well. Only had the card a year, and they approved a HP increase a few months ago from 1.5k to 4k. Shortly after they auto increased me to 13.4k. I plan on asking for an APR reduction once my 0% runs out. I've always thought they were very conservative, but they are now my highest credit line. My over credit utilization has been anywhere for 20-60% this year.

Re: is Discover really this strict/stingy?

Anonymous — Tue, 18 Nov 2014 06:29:32 GMT

i got mine yesterday and have $5500 CL. My fico is average 723-739.

Re: is Discover really this strict/stingy?

Ghoshida — Tue, 18 Nov 2014 06:39:26 GMT

@Anonymous wrote:
it's my lowest limit card (1k) and CLI was denied

I guess there's no point in using it with such a low limit since I already have other reward cards including Sallie Mae

off to the SD you go!

One-shot answer: No, they're not. I started with them small but It grew with me.

More details here: http://ficoforums.myfico.com/t5/Credit-Cards/Discover-It-No-CLI-after-3-Months/td-p/3468139/page/4

Re: is Discover really this strict/stingy?

Anonymous — Tue, 18 Nov 2014 06:42:36 GMT

discover been good to me even when i don't use it almost at all, started with 3k and every 3 months auto cli by 250 or so untill one day after i made a nice deposit into their savings account i was auto cli to $6,600, its not the biggest line i got, but surely isn't the smallet either

oh and the account is barely over a year old

Re: is Discover really this strict/stingy?

SGR — Tue, 18 Nov 2014 07:05:13 GMT

I suppose this thread is an excellent example of how our individual experiences with lenders can vary greatly, regardless of similarities with our credit score and income. CapOne is another lender that is often called stingy by members here, especially in regards to CLI's, but I have personally found the opposite to be true. I have received four CLI's on two cards in the past three years. My father has also received two CLI's in the past year. Both of us also received a CLI that was at least 3x our previous limit. All of these CLI's were done through the LUV button and not the EO, either.

Re: is Discover really this strict/stingy?

One7 — Tue, 18 Nov 2014 07:01:00 GMT

Started with a $1400 CL and its still the same with no option to even try online. Plus their fraud department is horrible. I used my entire limit every month and always paid in full and even tried leaving a balance twice and still nothing. Now I put about a $100 charge on it monthly and that is all. I'll most likely close is soon, for me just like most others its terrible and not worth my time when all my other cards have grown with me.