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How long should I wait to apply for the Discover card?

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Established Member

Re: How long should I wait to apply for the Discover card?

What I worry about is the starting limit on the Discover card. I currently don't have a high limit credit card. I am fairly certain that I will get a high starting limit on the freedom card, and I read that when lenders see a high limit card on your profile, they are encouraged to offer a high limit on their card. That's why I was thinking maybe to wait a month or two before applying for the Discover. Let me know your thoughts on this.

Message 11 of 20
Senior Contributor

Re: How long should I wait to apply for the Discover card?

I dont think Discover is the competitive type nor do they care to play the match highest limit game. This is strictly based on personal experience and Im sure there are many variables but in my case they seem to want to be the main card used, frequently. I've seen very few high limit starting lines with this card but it does happen here and there Smiley Happy $1500 - $4000 seems to be fairly common

Ink Cash Signature $8.5k ~ Discover it $15k
Blue Cash Everyday $15k ~ Diamond Preferred $15k ~ Slate $17.5k ~ Sallie Mae WMC $24.5k
EQ 712 EX 716 TU 721




Message 12 of 20
Established Member

Re: How long should I wait to apply for the Discover card?

What starting limit do you think I will get on the Discover card with my credit profile? Current scores are EQ: 743, TU: 808, EXP:757. AAoA is 3 yrs. Have 10 inquires, all of  which are 7 months old. No negatives. $100k income. No high limit cards. The highest limit I have currently is $1500.

Message 13 of 20
Senior Contributor

Re: How long should I wait to apply for the Discover card?


@Tonin wrote:

What starting limit do you think I will get on the Discover card with my credit profile? Current scores are EQ: 743, TU: 808, EXP:757. AAoA is 3 yrs. Have 10 inquires, all of  which are 7 months old. No negatives. $100k income. No high limit cards. The highest limit I have currently is $1500.


How many of those inquiries are on Equifax? That's the one Discover usually pulls. When I got Discover my scores were significantly lower than yours, and my AAoA was also lower. My starting line was $3K.

Message 14 of 20
Established Member

Re: How long should I wait to apply for the Discover card?

10 Smiley Sad
Message 15 of 20
Valued Contributor

Re: How long should I wait to apply for the Discover card?


@Tonin wrote:

What starting limit do you think I will get on the Discover card with my credit profile? Current scores are EQ: 743, TU: 808, EXP:757. AAoA is 3 yrs. Have 10 inquires, all of  which are 7 months old. No negatives. $100k income. No high limit cards. The highest limit I have currently is $1500.


Why aren't you getting any higher limit cards? Is there something on your report? Discover started me with 11.5k, what's in your profile that's making them not want to give you higher limits?

Amex Platinum, Amex Hilton HHonors Surpass, Chase Southwest Premier, Chase Marriott Rewards Premier, Discover IT, Sony Visa, Barclay Arrival+ MC, Cabela Visa, Walmart SC, Amazon SC, Kohls, Diners Club Premier, PayPal Credit, PenFed Platinum Reward Visa, PenFed PLOC, Chase Ritz Carlton, Citi TY Premier, Amex BCP, Discover Miles, Care Credit, Blue Nile SC, iComfort SC, Cap1 Venture, Chase Hyatt, Lowes, US Bank Cash+, Citi Costco Visa
Message 16 of 20
Valued Contributor

Re: How long should I wait to apply for the Discover card?

Just a thought, run the chase prequal. If the sapphire pref shows up, take that instead of the freedom. Lowest starting line on it is 5k. First year AF is waived, and 40k bonus points with 4k spend in three months (basically 400 dollar statement credit or 500++ dollars in travel rewards.) Get a freedom in 6 or 8 months and if th CSP isn't working for you move some line to the freedom and close it before the AF hits. Discover seems to give weird lines out, somewhat independent of what any one else does.

I've got some cards, got my house and got some scores with a 7 in front. Now what? Oh yea, live some of that life stuff.
Message 17 of 20
Established Member

Re: How long should I wait to apply for the Discover card?

Nothing bad on my report, just that I haven't applied for any cards in the last few years. I am still rocking my student credit cards which have very low limits. I will start app'ing soon. All the inquiries are from a recent auto loan and new apartment.

Message 18 of 20
Established Contributor

Re: How long should I wait to apply for the Discover card?

Discover, as I understand, likes them to be one of the main cards in your wallet.  Someone who has up to 6 cards (for instance) has a better shot at getting a higher limit than someone who is carrying 10 or more.  

 

It's on my list along with Barclay Apple for cards that are relatively easy to obtain with a 650 score (my score just needs to GET to 650 first).  Once I've held on to those for 6 mos-1 year I'll apply for Sallie Mae. 

Message 19 of 20
Valued Contributor

Re: How long should I wait to apply for the Discover card?


@JonE wrote:

Discover, as I understand, likes them to be one of the main cards in your wallet.  Someone who has up to 6 cards (for instance) has a better shot at getting a higher limit than someone who is carrying 10 or more.  

 

It's on my list along with Barclay Apple for cards that are relatively easy to obtain with a 650 score (my score just needs to GET to 650 first).  Once I've held on to those for 6 mos-1 year I'll apply for Sallie Mae. 


I had 12 accounts when they gave me mine so it really depends on your profile. If you have higher limits on existing cards they tend to try to match if not go above it so you'd use their card for everyday things.

Amex Platinum, Amex Hilton HHonors Surpass, Chase Southwest Premier, Chase Marriott Rewards Premier, Discover IT, Sony Visa, Barclay Arrival+ MC, Cabela Visa, Walmart SC, Amazon SC, Kohls, Diners Club Premier, PayPal Credit, PenFed Platinum Reward Visa, PenFed PLOC, Chase Ritz Carlton, Citi TY Premier, Amex BCP, Discover Miles, Care Credit, Blue Nile SC, iComfort SC, Cap1 Venture, Chase Hyatt, Lowes, US Bank Cash+, Citi Costco Visa
Message 20 of 20
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