Repeating what yfan & kdm said but I wouldn't consider 1 & 2 nerfing either. 1 was a promotional offer and anyone expecting it to be offered in perpetuity has a problem with entitlement and not nerfing. 2 wasn't something officially offered. 3, however, is nerfing.
MemberSince99 wrote:God forbid you have higher than 2k limit with them, UNLESS your credit is mediocre, then they want to give you 8 or 10k to start.
Discover does seem to have an odd tendency to give out higher limits to those with thin but clean profiles. However. plenty of people do have higher limits with Discover. If Discover doesn't work for you then you don't have to use them. I'm surprised you haven't dropped them already.
MemberSince99 wrote:Uh, "wait and earn" a CLI? How exactly do you "earn" a CLI? It's not an executive's annual bonus, or a raise.
Discover has always been "conservative" on limit. Cap One is better these days sad to say.
While creditors can and do have varying underwriting criteria and can also change their criteria, limits and CLI's are based on what one's credit and income qualify for. One cannot rely simply on creditor and/or product to determine limit. Even a "generous" creditor isn't going to issue high limits to one with a poor/thin profile. A "conservative" creditor may offer less to a given credit profile than a less conservative creditor but that doesn't mean that one cannot get high limits with a conservative creditor. For example, my highest limit is from PenFed and they are notoriously "conservative".
Given that, a CLI is earned by improving one's credit profile. That is -- unless one's credit profile already had the headroom for a CLI.
CO is just the latest bandwagon that everyone on myFICO is jumping on and like all previous bandwagons that wagon will depart at some point. It just may take longer with CO since it's a much bigger entity than OCCU or NASA.