So fidelity gave me 2500 credit line. It's the first card I have been applied during the 2014. Last time I got a card was back in late Novermber 2013. Discover gave me $4,000 credit limit.
I like the fidelity 2% cash back and will be using it a lot. My monthly purchase is over $5,000 and I barely carry a balance.. with other cards, I usually made a payment when the balance is over $300. So I made like 10 times payment each month (not that I was trying to increase the score by doing so, I just want to reuse it for the cash back rewards)
anyway, my last FICO score on discover was 724 (4/14/14). But I only have 1 year credit history.. I don't know if $2,500 is already a good limit they can give me. Anyone knows?
If I want to get more credit, is requesting credit line increase the only way? I don't want to have another Hard inquiry so soon..
Just use it extensively, keep paying in full (though 10x per month seems excessive on a $2500 line at $300 per honestly) and then ask for the CLI which will likely be a HP.
Doesn't seem like an unreasonable CL for what their typical underwriting is for what you state. Someone may know FIA practices better than I but try after six months I'd suggest.
