@Anonymouswrote:
@bizarrocreditworldJust wasted a few minutes of my time with a "credit analyst" who basically ran the usual "insufficent time with this credit limit" garbage. I wanted him to explain how my wife gets a much larger SL and a CLI after 60 days that is almost the size of my CL even though I've had my card longer and I have better FICO scores. He couldn't say anything except "everybody's credit profile is different". I pointed out that my credit profile is much better than hers (she has one baddie on Experian and multiple 30, 60, and 90 day lates. I have nothing).
I found it insulting to say the least. Into the sock drawer it goes!
When it comes to lenders (and definitely Discover) better isn't always better. Sometimes their target customer is someone that is a little more risky, but the additional reward (profit) outweighs the additional risk.
Precisely.
Discover's target demographic is what they term "prime revolvers", so if you're a transactor, you're already second on the totem pole. That said, my own experience seems to point to heavy usage being a mitigating factor, even if said usage is almost 99% within the 5% category and nothing else. (in fact I've never even let a non-zero statement report so far, and have no plans on changing this in the near future)
I think iv said this in the past.. lately there have been more "stuck" Discover cards then in the past... Not sure if some of it is due to the Discover Secured offering, or that Disco was easing up on the approvals but had to reign them back in due to the current economic climate... We *do* know that Discover uses ABS's to buy accounts just like Cap One... BUT iv also seen a few folks do well re-apping (just like Cap One) ... after a year if their scores have significently improved... Don't get me wrong.. I like that Discover offers such a nice secured offering at this point and it can grow to a point.. but more and more cards are getting landlocked on CLIs... And there are ways to minimize/possibly not get additional HPs when apping for a Discover now...
-J
@Anonymouswrote:I think I'm going to close Discover CC. I've been with Discover for over a year and half.
I'm still stuck with 1500 limit since a year or so.
Just tried CLI. DENIED!!!
TU: 791 according to CCT
Wow, you take that score elsewhere. Seems like the general consensus is that Disco is mid-grade, even beginner but they have shown some love to top tiers as well. It sure is a weird game. There was a thread I read a week or so ago of someone on here that has a $68k line with Disco. Maybe app for another IT card and see what your SL is?
