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DISCOVER IT APPROVAL BUT LOW SL

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Frequent Contributor

DISCOVER IT APPROVAL BUT LOW SL

I finally got in the door with Discover. I bank with chase which i have my biggest limits with so I thought Discover would come in with a larger SL. Bummed out but glad to be in with Discover since I have been reading here about the SP for CLI. My question to the forum is should I be concerned with the low SL(being bucketed) or is this a routine thing for discover. 

CSP 17.8K
CHASE FU 7k
BECU VISA CARD 13K
BECU LOC 10K
CONNS(SYNCHRONY) 10K
MY JEWELERS 5K
NEW COAST DIRECT 5K
REGIONS PLATINUM 4K
BBT CASH REWARDS 3.5K
BBT TRAVEL 3.5K
PFU(ELAN FINANCIAL) 2K
CAP1 QS1 1.5K(closed GONE)
DISCOVER IT 2K
KAYS 1K(closed GONE)
NFCU CASH REWARDS 4.5k
CREDIT ONE 500(closed GONE)
OPENSKY 300(closed GONE)
DISCOVER(AU) 38.6K
CITI(AU) 12.5K

INCOME = 207K

Score for Fico are: Oct. 2019 Util 5%
Eq= 689
Trans= 719
Ex= 692
Inquires in last 24mths(Aug19)
Eq= 15
Trans= 12
Ex= 17
Accounts in Last 24mth= 19 6mths= 8(Aug19) 4 accounts have been closed
Car Loan= 1
Installment Loans= 5
CC= 12
4 AU accounts for AAoA since I have so many accounts(lol)
(1)10yrs, (3)8yrs
43 REPLIES 43
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Community Leader
Senior Contributor

Re: DISCOVER IT APPROVAL BUT LOW SL

Congrats on the approval . Disco is a strange bird, some have a lot of luck increasing with them and others it's a slow process.  I started out with 1K and they were very stingy with clis and it took me awhile to move,  I finally had to combine cards to get a decent limit with them and it's still not in line with my other cards. But yes discover will do Sps for CLIs.

 

You seem to have decent cards, may I ask why you are still holding open sky and credit one and those over priced catalog cards? You certainly have some prime cards and may want to cut them loose.

EXP 758 TU 783 EQ 729
Message 2 of 44
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Community Leader
Mega Contributor

Re: DISCOVER IT APPROVAL BUT LOW SL

No, i dont think its bucketed but it seems Disco had some concerns with your credit history. Looking at your siggy, you have some nice cards but why do you still have a Credit One and Open Sky? That tells me something has occured negatively somewhere in your profile of that despite your monster Chase limit, you maybe somewhat new to credit. Either way, it should grow.
Message 3 of 44
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Established Contributor

Re: DISCOVER IT APPROVAL BUT LOW SL

Congratulations on your approval. Well I’m sure everyone is going to ask my same question. What is your data. Your real FICO score not fako score from CK or any other source, you utl? I started out with them at 7,500 and just got my recent CLI on my 5th payment posted at 2K new CL is 9,500. So it can grow if you want it too. Good luck and etc. you do have quite a bit of new accounts so you may want to say when you appd for those too. They may not be new but, you know what I mean.
NFCU Flagship 23,900 Penfed PowerCash 8,750 PenFed PL 20,000 NFCU AMEX Rewards 33,500 NFCU GoRewards 3,000
Capital One Quicksilver 6,300
Lowe’s 30,000
Barclay Apple1k
Citi Rewards+ 9,100
Citi Double Cash 13,300
Citi Simplicity 4,100
PNC Core VISA 12,500
Home Depot 1,000
Discover 13,000
BB&T Rewards 4,500 BB&T Bright Card 4,500 GS Apple 5,500 Chevron 1650 Fico 8 Scores EQ=760EX=768TU=750 scores and CL current as of 05/16/20 AAoA=2years6minths AoOA=17yrs
Message 4 of 44
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Frequent Contributor

Re: DISCOVER IT APPROVAL BUT LOW SL

The opensky card was my very first card back in july 17, and credit one came the next summer in my building process. 

CSP 17.8K
CHASE FU 7k
BECU VISA CARD 13K
BECU LOC 10K
CONNS(SYNCHRONY) 10K
MY JEWELERS 5K
NEW COAST DIRECT 5K
REGIONS PLATINUM 4K
BBT CASH REWARDS 3.5K
BBT TRAVEL 3.5K
PFU(ELAN FINANCIAL) 2K
CAP1 QS1 1.5K(closed GONE)
DISCOVER IT 2K
KAYS 1K(closed GONE)
NFCU CASH REWARDS 4.5k
CREDIT ONE 500(closed GONE)
OPENSKY 300(closed GONE)
DISCOVER(AU) 38.6K
CITI(AU) 12.5K

INCOME = 207K

Score for Fico are: Oct. 2019 Util 5%
Eq= 689
Trans= 719
Ex= 692
Inquires in last 24mths(Aug19)
Eq= 15
Trans= 12
Ex= 17
Accounts in Last 24mth= 19 6mths= 8(Aug19) 4 accounts have been closed
Car Loan= 1
Installment Loans= 5
CC= 12
4 AU accounts for AAoA since I have so many accounts(lol)
(1)10yrs, (3)8yrs
Message 5 of 44
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Community Leader
Senior Contributor

Re: DISCOVER IT APPROVAL BUT LOW SL


@TruSaintsFan wrote:

The opensky card was my very first card back in july 17, and credit one came the next summer in my building process. 


 Closing them will not hurt your AAOA these will report up to ten years.

EXP 758 TU 783 EQ 729
Message 6 of 44
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Frequent Contributor

Re: DISCOVER IT APPROVAL BUT LOW SL


@TruSaintsFan wrote:

The opensky card was my very first card back in july 17, and credit one came the next summer in my building process. 


You can close both of them if there are no reasons to actually use them for a purchase.

Message 7 of 44
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Epic Contributor

Re: DISCOVER IT APPROVAL BUT LOW SL

Congrats on your Discover Approval.

 

One reason you could be getting low limits,

If you have applied for to many cards in a short time period of time, Or to many new acounts in the last year or two..

without knowing your credit profile?, It's just a wild guess.

popcorn eating emoticon.gif

Message 8 of 44
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Frequent Contributor

Re: DISCOVER IT APPROVAL BUT LOW SL

My scores from myfico are

Ex= 673

Trans= 729

Ex= 665

util= 19%

CSP 17.8K
CHASE FU 7k
BECU VISA CARD 13K
BECU LOC 10K
CONNS(SYNCHRONY) 10K
MY JEWELERS 5K
NEW COAST DIRECT 5K
REGIONS PLATINUM 4K
BBT CASH REWARDS 3.5K
BBT TRAVEL 3.5K
PFU(ELAN FINANCIAL) 2K
CAP1 QS1 1.5K(closed GONE)
DISCOVER IT 2K
KAYS 1K(closed GONE)
NFCU CASH REWARDS 4.5k
CREDIT ONE 500(closed GONE)
OPENSKY 300(closed GONE)
DISCOVER(AU) 38.6K
CITI(AU) 12.5K

INCOME = 207K

Score for Fico are: Oct. 2019 Util 5%
Eq= 689
Trans= 719
Ex= 692
Inquires in last 24mths(Aug19)
Eq= 15
Trans= 12
Ex= 17
Accounts in Last 24mth= 19 6mths= 8(Aug19) 4 accounts have been closed
Car Loan= 1
Installment Loans= 5
CC= 12
4 AU accounts for AAoA since I have so many accounts(lol)
(1)10yrs, (3)8yrs
Message 9 of 44
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Frequent Contributor

Re: DISCOVER IT APPROVAL BUT LOW SL

I seriously thought that they would hurt my AAoA so I charged 20 each mth but thanks so much for the points

CSP 17.8K
CHASE FU 7k
BECU VISA CARD 13K
BECU LOC 10K
CONNS(SYNCHRONY) 10K
MY JEWELERS 5K
NEW COAST DIRECT 5K
REGIONS PLATINUM 4K
BBT CASH REWARDS 3.5K
BBT TRAVEL 3.5K
PFU(ELAN FINANCIAL) 2K
CAP1 QS1 1.5K(closed GONE)
DISCOVER IT 2K
KAYS 1K(closed GONE)
NFCU CASH REWARDS 4.5k
CREDIT ONE 500(closed GONE)
OPENSKY 300(closed GONE)
DISCOVER(AU) 38.6K
CITI(AU) 12.5K

INCOME = 207K

Score for Fico are: Oct. 2019 Util 5%
Eq= 689
Trans= 719
Ex= 692
Inquires in last 24mths(Aug19)
Eq= 15
Trans= 12
Ex= 17
Accounts in Last 24mth= 19 6mths= 8(Aug19) 4 accounts have been closed
Car Loan= 1
Installment Loans= 5
CC= 12
4 AU accounts for AAoA since I have so many accounts(lol)
(1)10yrs, (3)8yrs
Message 10 of 44
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