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discover card and amex bcp

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Established Contributor

discover card and amex bcp

I decided to unfreeze experian and go for the new BCP card and screwed up because they went off the old auto pull (by 1 day) so I got stuck with a starting limit of 1k. Only thing to change on my credit was all cards reported a 0 balance for the first time ever and put my scores in the 799,835,821. So I checked discover card and saw a pre-approval and applied, instant approval but had to upload identity and did, then called to verify. They came back with since you are not using your credit we gave you a 4700 starting limit!!! I said thats extremely low isnt it? he said yes but you have 75k limit cards with a 0 balance so you dont need a high limit from us, if you need more you can ask for an increase in 90 days.... kinda bummed but it was 2 approvals, id rather had amex decline it though. only 1 inquiry on Experian though, so thats a win win

"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
Message 1 of 18
17 REPLIES 17
Valued Contributor

Re: discover card and amex bcp

Congrats on your new Amex BCP and Disco cards! 





Message 2 of 18
Valued Contributor

Re: discover card and amex bcp

Congrats on 2 great cards and enjoy! I understand being bummed about lower SL! But with these two lenders limits can grow pretty fast.

"Hover mouse over cards to see CL and APR info"


Message 3 of 18
Regular Contributor

Re: discover card and amex bcp


@swpopham wrote:

I decided to unfreeze experian and go for the new BCP card and screwed up because they went off the old auto pull (by 1 day) so I got stuck with a starting limit of 1k. Only thing to change on my credit was all cards reported a 0 balance for the first time ever and put my scores in the 799,835,821. So I checked discover card and saw a pre-approval and applied, instant approval but had to upload identity and did, then called to verify. They came back with since you are not using your credit we gave you a 4700 starting limit!!! I said thats extremely low isnt it? he said yes but you have 75k limit cards with a 0 balance so you dont need a high limit from us, if you need more you can ask for an increase in 90 days.... kinda bummed but it was 2 approvals, id rather had amex decline it though. only 1 inquiry on Experian though, so thats a win win


Can you elaborate on this a little bit? What score was showing in the app--the new one or the old one? I'm asking because I too plan on applying for a second AmEx card and was planning on waiting until after my auto-pull on the 27th.

Message 4 of 18
Valued Contributor

Re: discover card and amex bcp

CONGRATS  on your Approvals and Thanks for the Disco intel!

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $12.2K | Citi AAdvantage WEMC $12.5K | Discover $15.5K | OpenSky $300 BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) | BBVA Compass Rewards VS $10.5K |
Apple Card MC $6K | NFCU cashRewards $1K
TCL - 114K+ | Rebuilding since April 2018
Message 5 of 18
Community Leader
Super Contributor

Re: discover card and amex bcp

CongratsSmiley Happy

I think you fail to realize Amex doesnt make approvsls based solely on score, neither does Discover. Many people feel if they used a newer updated score they would have gotten more. Maybe maybe not but its still your overall profile that help fetermines that.

$4700 sl from Disco is pretty good starting out. Yikes on the the csr telling you that but again, those csrs hsve no say in your sl nor giving you more. Its all computer based. Enjoy your cards, they will grow. Please add pertinent data points so people can see where they stand. ThanksSmiley Happy
#ChaseCreditCardHobby Enthusiast
2022
!
Message 6 of 18
Community Leader
Valued Contributor

Re: discover card and amex bcp

Congrats! Actually quite nice approvals!
Discover It: 19.7k
Amex BCE: 18k
Citi DC: 5.7k
~~~~~~~~~~~~~~~~~~
Once you go Berner, you never go back.
Message 7 of 18
Established Contributor

Re: discover card and amex bcp


@felipestrong wrote:

@swpopham wrote:

I decided to unfreeze experian and go for the new BCP card and screwed up because they went off the old auto pull (by 1 day) so I got stuck with a starting limit of 1k. Only thing to change on my credit was all cards reported a 0 balance for the first time ever and put my scores in the 799,835,821. So I checked discover card and saw a pre-approval and applied, instant approval but had to upload identity and did, then called to verify. They came back with since you are not using your credit we gave you a 4700 starting limit!!! I said thats extremely low isnt it? he said yes but you have 75k limit cards with a 0 balance so you dont need a high limit from us, if you need more you can ask for an increase in 90 days.... kinda bummed but it was 2 approvals, id rather had amex decline it though. only 1 inquiry on Experian though, so thats a win win


Can you elaborate on this a little bit? What score was showing in the app--the new one or the old one? I'm asking because I too plan on applying for a second AmEx card and was planning on waiting until after my auto-pull on the 27th.

 

score was showing 699 from 4/20 and right now its 821experian with everything showing paid off. amex did not do a new HP for the card on any of the 3 major.


 

"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
Message 8 of 18
Valued Contributor

Re: discover card and amex bcp


@swpopham wrote:

 

score was showing 699 from 4/20 and right now its 821experian with everything showing paid off. amex did not do a new HP for the card on any of the 3 major.


 


This is a prime example of needing to recon.  100+ point difference means you either get 1K or 10K or 25K.  You really need to reach out to amex and have them pull a new report for the correct CL to be assigned and not get dropped into some sort of "steps" program.

500K+ TCL / 800+ FCOs
Message 9 of 18
Senior Contributor

Re: discover card and amex bcp

Congratulations on your approvals!

Starting Scores FICO 8 (Feb '18):
EX- 519, TU- 530, EQ- 545

Current Scores



Message 10 of 18
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