Discover IT Student card initial CL Recon?

[bunnicula]

I was approved for a Discover IT Student card (I'm a grad student, but Discover has eluded me for years, despite having good limits with other CC companies). I was given an intial CL of 500 dollars, which is really low considering my two primary cards with NFCU have CLs of 8k and 3k with perfect paying history over the past 3 years (which is how long I've had them). I have another CC with Citi that has a good history, too (I did have a 30-day on it, but that was over a year ago and was a stupid error on my part). 

My other CCs are with Capital One and I would really like to get away from them. They are my longest-running cards, each about 7-8 years old. I have car loans, mortgage, student loans... all with perfect histories. 

Is it worth it to try for a CL recon with Discover right now? Should I wait until I have the card in hand and ready to activate?

I am an authorized user on another Discover account (with my husband) that has a far higher limit (12k). Advice? 

Oh... my FICOs are mid-600s and climbing (I went through a difficult divorce about 8 years ago and my credit is slowly recovering). 

Any advice would be greatly appreciated. I was thinking I'd rather start from as good an intial CL as I can get so that I'm trying for future CLIs based on a higher limit, not a lower one, if that makes any sense. 

Thanks!

[taxi818]

Well the fact that you appied for the student card says it all.

This is a typical limit for a student. card. Why did you not got for the regular Discover.

all you can do in my opinion is wait the 90days. and ask for cli. there is no cli recon for discover.

However.

Im gonna tell you this. since i just found it out myself. if you do balance transfer evidently to your new Discover and it is higher than your credit limit.

The Computer will adjust your limit automatically. im just saying. if you have other cards. this is a way. transfer some balances over to discover. and see what happens. it can't hurt.

[bunnicula]

Yeah... I applied for the student card intentionally. I figured I might get 1k to start, which would have been fine. 

I dunno why, but Discover denied me a regular card about 4 months ago and has denied me in the past, even though I met the FICO requirements. I swear, I should've gotten a Discover before I had any other cards. Everyone I know that got a good starting limit on a Discover got it when it was their 1st or 2nd credit card ever.

I never thought of the balance transfer thing. Maybe I'll just use it for a few inexpensive items for the cashback and pay off half what I charged each month until I'm eligible for CLI, then try it and see if they are cool with it. It's surely not an income issue because my income is well into 6 figures.

Eh. No big. I have to start with them somewhere. They're just the only card that never would approve me. I can get an AMEX, but Discover never approved me until today. LOL.

Thanks for the advice on the balance transfer. I may give that a whirl if it just won't budge. 

[taxi818]

Well you can call them and ask to change. If you got approved for student. You would have gotten regular today as well. Too bad. It's not all about fico score. But more about what is in report. So whatever you did the last 4 months was good enough. I would call and try to PC Card to regular. With that. Your credit limit. You can say you just realized it was the student card. And see what they say.

[chwebb1]

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@bunnicula wrote:

I was approved for a Discover IT Student card (I'm a grad student, but Discover has eluded me for years, despite having good limits with other CC companies). I was given an intial CL of 500 dollars, which is really low considering my two primary cards with NFCU have CLs of 8k and 3k with perfect paying history over the past 3 years (which is how long I've had them). I have another CC with Citi that has a good history, too (I did have a 30-day on it, but that was over a year ago and was a stupid error on my part). 

My other CCs are with Capital One and I would really like to get away from them. They are my longest-running cards, each about 7-8 years old. I have car loans, mortgage, student loans... all with perfect histories. 

Is it worth it to try for a CL recon with Discover right now? Should I wait until I have the card in hand and ready to activate?

I am an authorized user on another Discover account (with my husband) that has a far higher limit (12k). Advice? 

Oh... my FICOs are mid-600s and climbing (I went through a difficult divorce about 8 years ago and my credit is slowly recovering). 

Any advice would be greatly appreciated. I was thinking I'd rather start from as good an intial CL as I can get so that I'm trying for future CLIs based on a higher limit, not a lower one, if that makes any sense. 

Thanks!

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The good news is that in my case, my Discover has grown fairly quickly. When I apped for my Discover card, I had my AMEX BCE at $4300, Barclaycard Ring at $1000, and I want to say that I still had an old card that I closed at $2500, and an old CU card at $500 that I also closed. They approved me at $1000. I didn't try to recon the limit (although I was disappointed with it). After 5 months (I think), I took a HP to double it to $2000. And finally at 9 months, I took another HP to get to $2750 (my current limit). I think if you use it, pay in full (the credit analyst seemed to like that when I called to get my limit doubled), and don't make late payments (of course), you should be able to get a more usable limit in no time.

[bunnicula]

Thanks for the info! Yeah. I suppose I can get it increased in a reasonable amount of time.

[juggalo9er]

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@chwebb1 wrote:

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@bunnicula wrote:

I was approved for a Discover IT Student card (I'm a grad student, but Discover has eluded me for years, despite having good limits with other CC companies). I was given an intial CL of 500 dollars, which is really low considering my two primary cards with NFCU have CLs of 8k and 3k with perfect paying history over the past 3 years (which is how long I've had them). I have another CC with Citi that has a good history, too (I did have a 30-day on it, but that was over a year ago and was a stupid error on my part). 

My other CCs are with Capital One and I would really like to get away from them. They are my longest-running cards, each about 7-8 years old. I have car loans, mortgage, student loans... all with perfect histories. 

Is it worth it to try for a CL recon with Discover right now? Should I wait until I have the card in hand and ready to activate?

I am an authorized user on another Discover account (with my husband) that has a far higher limit (12k). Advice? 

Oh... my FICOs are mid-600s and climbing (I went through a difficult divorce about 8 years ago and my credit is slowly recovering). 

Any advice would be greatly appreciated. I was thinking I'd rather start from as good an intial CL as I can get so that I'm trying for future CLIs based on a higher limit, not a lower one, if that makes any sense. 

Thanks!

---

The good news is that in my case, my Discover has grown fairly quickly. When I apped for my Discover card, I had my AMEX BCE at $4300, Barclaycard Ring at $1000, and I want to say that I still had an old card that I closed at $2500, and an old CU card at $500 that I also closed. They approved me at $1000. I didn't try to recon the limit (although I was disappointed with it). After 5 months (I think), I took a HP to double it to $2000. And finally at 9 months, I took another HP to get to $2750 (my current limit). I think if you use it, pay in full (the credit analyst seemed to like that when I called to get my limit doubled), and don't make late payments (of course), you should be able to get a more usable limit in no time.

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so you took 3 hp for a 2750 line? sounds like capitol one