Why is Discover keeping my CL so low?

[Anonymous]

Discover gives high credit limits, but it seems to be proportional to income as long as your credit score is good. You mentioned you are a student, that's probably why.

[mongstradamus]

Discover can be a weird one I remember back when I got my discover card, I was waiting and waiting to get sp CLI maybet two years or so nothing. . Once the CLi started coming they cameevery few months fairly consistently

[Anonymous]

JohnC95, if you stop back into this thread and could give a little more information on your credit file it would be useful in further diagnosis of what you have going on and possibly answer some of the possibilities that I brought up on the last page.  Specifically if you could provide us with your FICO score at the time you were approved with Discover, what it was when you were approved for Amex and what it is now that would be helpful.

You said you are a student and your user name may suggest that you're 21-22 years old, so I'm thinking your credit file is rather thin and young.  Rewind 18 months when you were approved for your Discover card and you may have been 19-20 years old with an even younger/thinner file and more than likely in possession of a lower credit score.  This is my best guess as to why your SL with Discover was $750.

[Anonymous]

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@Anonymous wrote:

JohnC95, if you stop back into this thread and could give a little more information on your credit file it would be useful in further diagnosis of what you have going on and possibly answer some of the possibilities that I brought up on the last page.  Specifically if you could provide us with your FICO score at the time you were approved with Discover, what it was when you were approved for Amex and what it is now that would be helpful.

You said you are a student and your user name may suggest that you're 21-22 years old, so I'm thinking your credit file is rather thin and young.  Rewind 18 months when you were approved for your Discover card and you may have been 19-20 years old with an even younger/thinner file and more than likely in possession of a lower credit score.  This is my best guess as to why your SL with Discover was $750.

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Out of curiosity, I went to one of those sites that calculates inflation over time and plugged in the SL of the first credit card I ever got, a $500 SL Visa which I was approved for in May 1985 shortly after I graduated college. That $500 SL in 1985 would translate to, rounding off, $1,136 today, so I think the OP didn't do too badly for a starter card for someone who's still in college (their $750 SL would have been $330 in 1985).

[K-in-Boston]

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@Anonymous wrote:

Discover gives high credit limits, but it seems to be proportional to income as long as your credit score is good. You mentioned you are a student, that's probably why.

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I'd have to respectfully disagree.  Discover is all over the map when it comes to credit limits.  My starting line was barely over 1% of income.  Quite a few high earners with mediocre/moderate Discover limits and lots of modest earners with huge Discover limits here.

[Anonymous]

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@K-in-Boston wrote:

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@Anonymous wrote:

Discover gives high credit limits, but it seems to be proportional to income as long as your credit score is good. You mentioned you are a student, that's probably why.

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I'd have to respectfully disagree.  Discover is all over the map when it comes to credit limits.  My starting line was barely over 1% of income.  Quite a few high earners with mediocre/moderate Discover limits and lots of modest earners with huge Discover limits here.

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I agree with you, same day app and approval, one TL 15000 and Discover 1000, increased to 1250 after a call. I argued that what I can do with 1000, and over the phone it was increaed to 1250.   As you stated, this is like a lot less than 1% of my income.  

The only reason was for restaurant spending right now... And I found out today that my most frequent restaurant accept every other credit cards except Discover.

[Anonymous]

I jumped on here forums this evening to pose this exact question but thankfully found this thread! I opened my discover card TWO years ago as a secured it card. I graduated and received my deposit of $200 back. Since then my CL has not BUDGED past $200. I try and try and try and still nothing. Credit scores are much better then when I started obviously. Sitting at 640-660-670 and still can’t catch a break. I have two Navy cards with $18k limits. I can not catch a break with Discover!

[Anonymous]

With your $200 limit being so low, have you put a $200 spend on it in a single month?  Have you done multiple payments and actually spent over your limit in a cycle?  I would suggest those things if you haven't yet done them, as they can sort of force the CLI hand.

[mongstradamus]

It took ne almost two years to get my first cli with discover,but once you get ball rolling you will get consistent CLI until you hit their limit they will give you. My initial credit limit was also quite low in the 1000 range

[Anonymous]

I've had my Discover card since 2001. I started out at 1500 and got an increase to 1700 about a year later. Didn't receive another increase from them until 2015. Now the card is at $14,800. So it could take a looooong time. LOL sorry.