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Discover IT high credit limits

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Established Contributor

Re: Discover IT high credit limits

My discover is my highest CL right now, at $24k

Discover IT $35K | FNBO Visa $30K | Cash+ Visa Sig $19.5K | Southwest Premier $16K | Priceline $15K | Citi Forward $14.3K | US Bank Plat $14K | Commerce Bank $13K | CSP $13K | CSR $10K | Sallie Mae World MC $10K | Lowe’s Consumer 10K | BoA Cash Rewards 1-2-3 Sig $7.5K | Fidelity Visa $7K | Citi Double Cash $6.5K | WF Cash Back Visa $5.4K | Capital One Cash Rewards $5K | AMEX BCE $3.9K | Freedom $2.5K | Younkers/Comenity $2.4K | Kohl’s 1.5K | Target $1.4K | EX FICO (from AMEX): 768, TU FICO (from Discover): 797, AAoA: 4.4 years
Message 21 of 58
Frequent Contributor

Re: Discover IT high credit limits

Discover actually called me 3-4 weeks ago and asked if I wanted a CLI. 

 

I said sure if no HP was required - asked my income, and moved my limit up 3K to 16.2K.   

Message 22 of 58
New Contributor

Re: Discover IT high credit limits

I'm sitting at 25k with Discover. Not the most gracious with credit limits, but far from the worst.

~~Credit Cards~~
Alliant Platinum Rewards Visa, AmEx BCP, BofA Power Rewards, Bank of the West Platinum, Barclay Rewards World MC, Chase Freedom/Chase Sapphire Preferred, Citi Thank You Preferred/Citi Dividend Select, Discover IT, FNBOmaha, Paypal MC, US Bank Cash+/US Bank Perks+.

Total: $300,000+ in lines.
Message 23 of 58
Regular Contributor

Re: Discover IT high credit limits

2011 - Intial CL was $1500 - w/ BK

 

2012  CL was $3500 via HP

 

2013 CL was $5000 via HP

 

Dec 2013 - Requested CL - they asked what I wanted I said $3500 - Was an instant approval via SP - From CSR's response - I wondered if I could have gotten more.  Called back within a couple of days - made another request - They said they would call me - but I logged into my acount later to see another $3500 -  So $7000 SP CLI last December - Total CL = $12000.  It might have helped that the BK had fallen off a few months prior.

“We delight in the beauty of the butterfly, but rarely admit the changes it has gone through to achieve that beauty.”
― Maya Angelou
Message 24 of 58
Established Member

Re: Discover IT high credit limits

Discover is strange...I remember applying over and over for Discover it and they always rejected me...I was around 636 eq....a month later, a collection fell of and I went up to 666.....they approved me instantly for 7,500???  At that time, I was holding a walmart discover with 600 limit.  NOt to mention, discover won a judgement against me over 10 years ago and I never paid.  And on the rejection letters they sent me, they referenced a charge off as being a reason for rejection...I was never expecitng to get one...and then not only did they approve me, they gave me the highest credit limit of all my cards at the time......my boa and freedom both had 3500 limits which were my highest at the time...and discover did 7500?  Still confused over that one...but I love the card

Discover It 5K (lowered it from 15.5K); AMEX BCP 5KGoal 800 (lowered from 15k) Amazon Store Card 1,600: 740: Current TU 789 EX 776 EQ 754
Message 25 of 58
Valued Member

Re: Discover IT high credit limits

Not true.  I'm at $24k.  Never a request for income verification.

Message 26 of 58
Regular Contributor

Re: Discover IT high credit limits

Stingy, quirky lender.

 

Gave me 2500 for my first unsecured card a year ago, haven't budged since.

 

They don't have underwriting, they just flip a coin and decide whether to grant a CLI, and then flip again to decide SP or HP.

 

In any case, I think the Discover It is the perfect sock drawer card. Useful only 3-6 months every year.

$26500 Amex EDP / $20000 Merrill+ / $12000 Chase Sapphire Preferred / $12000 Chase British Airways / $7500 Barclays Arrival+ / $7500 FIA Amex / $7500 Paypal Extras MC / $7000 Chase Freedom / $3500 Discover It
Message 27 of 58
Valued Contributor

Re: Discover IT high credit limits


@lostsols wrote:

Not true.  I'm at $24k.  Never a request for income verification.


It is true but don't confuse income verification with submitting documents. They use a database to electronically verify employment and income. They ask for documentation if they are unable to verify.

Message 28 of 58
Valued Contributor

Re: Discover IT high credit limits

I have 8K with Discover, it is my oldest card, but I never use it. It is also my lowest limit!
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 29 of 58
Frequent Contributor

Re: Discover IT high credit limits

Answering OP's quesiton: yes, and it's my highest limit!

 

Sadly, I use Discover the least, because of the lack of gamebreaking 5% categories.

TU: 777 | EQ: 814 | EX: 764
Last INQ: 10/1/17
AAoA: 4y 7m
Lowest limit: Citi Costco Visa - $12,500
Highest limit: Discover It - $56,000
Available credit: $191,600 (6 cards)
Message 30 of 58