My data points:
-717 fico score
-$32,000 income
-Applied and was approved for the Amex Gold card and a small personal loan from Lending Club one week prior.
Approved for $2,500 starting limit O_O. Didn't think it was going to happen given my recent applications and my income level. I do, however, pay cheap rent, so maybe they factored that into their decision.
This card is going to be great for me because it comes with 18 months of 0% interest. I've a big expense coming up that I intend to use my Amex Gold card to purchase in order to get the SUB organically, so being able to transfer that to the Discover It card will give me flexibility that I wouldn't have otherwise given that the Amex Gold is a charge card.
I don't know how will this impact my credit score however. Yes, my overall credit limit will go up, but my utilization for the Discover It card (my only card that will have a balance after making the transfer) will be close to 100%.
My credit limit is $16,250 spread among 5 cards, including the Discover It. Using the $2,500 fully will put me at %15 utilization.
