Discover It card denied AGAIN for CLI

[Anonymous]

So I've had this card for 8 months or so, started with a $1400 limit, but after a few months they dropped my limit to $1050, due to my credit score drop from all the other cards I applied for.  That really ticked me off, but whatever, so I tried a CLI a while ago, denied due to credit score, well I just tried again, now that my Fico scores are in the 680 range.  Denied AGAIN, I have a zero balance on this stupid card and have never maxxed it out, always made payments BEFORE they were due, and then paid it off.  WHAT ON EARTH DOES DISCOVER WANT FROM ME?   I'm so ticked off I feel like closing the card, I mean, a $1050 limit really is not doing me any favors....my Amex is higher than that, and every other card I have......

[shakalaka]

Discover can be very good to you. But you need patience and some history with them. Then they will grow and once you scores are above 760 they can grow a lot more.

[XxRaVeNxX1]

Just because you applied to do different cards, isn't a reason they would slash your credit limit... You probably have used over 50% on some of your other cards and they are getting nervous.

You should be glad you even have the card....a score typically has to be above 700, since Discover is seen as a non subprime card...

[pip3man]

Mom I've had mine a little over 2yrs with an original SL of $1500. For the life of it, it hasn't seen an increase except during the gravy train that brought it up to $3k where it has remained till date. The annoying part is when I be seeing folks getting $6k increases and all that good good but im here hoping for a $500 love from them that never seems to come. So your definitely not alone...

[XxRaVeNxX1]

Wow that's odd....mister-endowed...Since you have better scores than me, yet they gave me a higher CL when I applied this morning...

[Anonymous]

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@XxRaVeNxX1 wrote:

Wow that's odd....mister-endowed...Since you have better scores than me, yet they gave me a higher CL when I applied this morning...

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Credit scores are just one factor in determining starting limits.  Several others have just as much effect, if not more, in determining a starting limit.

[shakalaka]

Mine was also 1.5k limit and did not move for a year. Now it is 4 years and I couldn't be happier. Also thy like heavy usage and have no problem with using the BT offers. Of course I always PIF and/or big junks of the BT balance.

[Anonymous]

I got this card 13 months ago. I have not seen a CLI either and have asked. They started me at 12,500 and since it is interest free, I have only made minimum payments. Soon the interest will start and I will have to pay it. Ugh. They rejected my 3 CLI requests no hard pull. I need to learn the CLI secret.

[Anonymous]

Well I started with Discover about a year and a half ago they approved me for $750 at the start then almost every three months I ask for a CLI without pulling my credit report and they keep raising it so far my credit limit with them is $14,250. Also asked for a lower APR and they lowered it by like 2%. Anyway long story short use the card but no more then $300 I have my phone bill and Netflix on this card for automatic payments and never had a higher balance then $800 and they never denied my CLI. Good Luck.
P.S. When they ask you about income say like $70,000 or something.

[UncleB]

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@Anonymous wrote:

So I've had this card for 8 months or so, started with a $1400 limit, but after a few months they dropped my limit to $1050, due to my credit score drop from all the other cards I applied for.  That really ticked me off, but whatever, so I tried a CLI a while ago, denied due to credit score, well I just tried again, now that my Fico scores are in the 680 range.  Denied AGAIN, I have a zero balance on this stupid card and have never maxxed it out, always made payments BEFORE they were due, and then paid it off.  WHAT ON EARTH DOES DISCOVER WANT FROM ME?   I'm so ticked off I feel like closing the card, I mean, a $1050 limit really is not doing me any favors....my Amex is higher than that, and every other card I have......

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I'm sorry your having issues with Discover.  They certainly can (and do) 'play favorites' when it comes to giving out starting credit lines and CLIs.  While I got a manageable initial credit line, they seem to be 'all over the place' and definitely go by more than just credit score.  I've also been limited to $500 CLIs, but in my case it's likely because I'm carrying a balance of a few thousand dollars due to a 0% BT offer a few months ago.

One thing that I do want to point out about your situation is that while your new accounts might be a factor in their decision, I don't think it's the 'major' factor.  I say this since when I got my Discover card I had added several new accounts, and have added a few since, and they haven't been concerned.  Also, while adding new accounts can cause your score to drop a few points temporarily, it rarely makes a difference large enough to cause a creditor to CLD you.  While 680 isn't a bad score, it does tell me you likely have some things other than new accounts holding you back.  It's likely that Discover was concerned about those issues more so than the new accounts. 

While it definitely sucks that you're now working with a lower credit line, if it were me I would simply use the 'lemons' to make 'lemonade'.  Use the heck out of the card, and reap the cash rewards as often and as heavy as you can.  That will ensure that the account remains valuable to you, and it will help to build positive history with Discover.  I predict that with a little time (and patience) your account will rebound, and you'll likely end up even better off than you were before.