Should I recon a just approved Discover More Card

[Anonymous]

I just got approved by Discover for $1500 CL. With the 0% intro APR for 12 months in purchases, I wanted to give myself a treat (MacBook Pro), anyhow, my CL is not going to quite cut it. Should I call the backdoor number?

The only grounds I can claim to reckon is that, my car loan has a balance of ~$4000 when the car is worth $10000.

How do I actually reckon? Any suggestions for a first-timer?

BTW, if I attempt to reckon, will I get another hard inquiry?

Thanks

[Anonymous]

I would advise you to be VERY careful. There is a thread on here somewhere about someone getting like a $5000 credit limit and calling in for a recon and actually getting a credit limit decrease. The way the banks are doing it is a risky move but Discover is more solid. I would just say if you are going to call make sure you are prepared for the recon to go south just in case.

[Creditaddict]

yes a post just yesterday for a 7500 nordstrom approved and upon pushing cli at activation CLD to $1000.

I would not push it until the bank knows your payment history. 

[score_building]

I think the term 'recon' applies primarily to a denied app. for reconsideration for approval, although I get it you want them to 'recon' the CL...more of a CLI on a new acct or CLI at activation-

and with no payment history with Discover, even though they are generally pretty good to work with it's probably not worth pursuing too aggressively.  In six mos., they may have something for you.

[Anonymous]

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@score_building wrote:

I think the term 'recon' applies primarily to a denied app. for reconsideration for approval, although I get it you want them to 'recon' the CL...more of a CLI on a new acct or CLI at activation-

and with no payment history with Discover, even though they are generally pretty good to work with it's probably not worth pursuing too aggressively.  In six mos., they may have something for you.

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+1

Discover is a very conservative lender, particularly when first issuing an account.  But they loosen up after you have some good history with them.

[Anonymous]

Thank y'all!

I really appreciate it. I won't be doing that. I'd better be extremely careful. I'm very new to credit (at least, the way it is done here in the U.S.).

Thanks once again

[DI]

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@Anonymous wrote:

I just got approved by Discover for $1500 CL. With the 0% intro APR for 12 months in purchases, I wanted to give myself a treat (MacBook Pro), anyhow, my CL is not going to quite cut it. Should I call the backdoor number?

The only grounds I can claim to reckon is that, my car loan has a balance of ~$4000 when the car is worth $10000.

How do I actually reckon? Any suggestions for a first-timer?

BTW, if I attempt to reckon, will I get another hard inquiry?

Thanks

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 No!   Getting approved for a Discover with  any limit is a good deal.  They will give you CLI's if you earn it. 

[Anonymous]

When I app'ed Discover, I got an initial CL of $2k.  I expressed some dismay about this to the CSR who did the ID verify on the phone (had to call in and answer a few questions before they finalized the approval)....she told me that the Discover policy is "no CLI for 6 months" (I'm speaking of customer initiated CLI, not the auto-cli's that some get at 3 months).