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Discover is last card I dont have in my collection and applied for it. They declined my App. They pulled TU which is at 715 and 2 inquires. Oh, well I guess I have to wait another 6 months and try again. I am not sure if Discover is very good with CL's. I think they give very low CL's like 2K or so. Am I correct?
I got Discover last November with a TU score of ~725. They gave me $3k limit which was very low compared to my other cards. I applied for 5 cards in the same day and got these limits:
Lexus $9200
BOA $7000
Citi $3000
Wells Fargo $9000
Discover $3000.
I recently got a CLI on Discover to $6000.
@itsjustmeibe wrote:I got Discover last November with a TU score of ~725. They gave me $3k limit which was very low compared to my other cards. I applied for 5 cards in the same day and got these limits:
Lexus $9200
BOA $7000
Citi $3000
Wells Fargo $9000
Discover $3000.
I recently got a CLI on Discover to $6000.
Congrats on your approvals. Some how I did not have much luck with Discover so far. I'll wait another 6 months and try again.
concorduser, when I applied to Discover they pulled TU and my score at the time was 743. My household income was around 150K at the time. I had 1 inquiry and was approved for a $6000CL. Discover was somewhere in the middle with the rest of my credit cards.
I was just approved on Monday by Discover with a 2.5K limit. Discounting my store/gas cards, this is now my lowest CL (by $500). But I'm also a grad student with a HHI of only 15K...
A year or two ago I worked with a retail pharmacist who I'm sure had a HHI of over 120K and she was stuck with a measly 2-3K limit that would not move no matter what she did. Everything I've seen and heard says that Discover is quite conservative and it will take quite some time to grow a larger CL with them.
@Red1Blue wrote:Discover is last card I dont have in my collection and applied for it. They declined my App. They pulled TU which is at 715 and 2 inquires. Oh, well I guess I have to wait another 6 months and try again. I am not sure if Discover is very good with CL's. I think they give very low CL's like 2K or so. Am I correct?
Can't hurt to recon.
I acquired a Discover card in 2008 with a $14,000 cl. At that time it seemed reasonably common to see high four figure cl's. I didn't expect this kind of limit from the company but it was placed just under my lowest acct. at that time, which I believe is what they tend to do.
CI