Becareful with 2nd discover card or increasing ur
limits above 13-14k. I have been hearing about a influx
of customers getting a request for tax transcripts.
my sister got one last week.
Here discover it was 4yr+ old and 14k limit, $90bal
asked for CLI, they approved $500 to 14500
Also applied for the Discover Miles as she had travel plans
SL was 4k and they wouldnt CLI or move CL from other Discover.
So a week after CLI, she got emails for tax transcripts, which she couldnt submit due to using household income.
They closed her 14.5kcl discover card almost 5 yr old.
but they did leave the new discover miles open with 4k CL.
There has to be something that triggers the review
like exposure hits 20k or something.
With Discover Stating itself its expected alot more
charge off's this year then they were expecting
Meaning there has to be alot more of this coming.
Maybe like AMEX and there FR
Maybe there removing risk by trying
to remove people with higher chances of default
