How do I get a credit limit increase?

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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MrAwesome
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How do I get a credit limit increase?

Postby MrAwesome » Wed Jun 09, 2010 5:07 pm

I have a Discover More STUDENT Card, it's my second credit card and for the most part Discover has been pretty good to me.

I've never been late on a payment to them and hav e tried to keep my balance carryover to as little as possible.

The thing is, I'm one of these college students that owns their own (moderately successful all things considered) company and I'm going on 2 big business trips in about a month. I'd like to not have to carry cash but seeing as how it's a STUDENT card, my spending limit is absolutely abysmal.

So I'd like to get my credit limit extended... how do I do this? Is it even possible? Advice is greatly appreciated.


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fffresh
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Postby fffresh » Wed Jun 09, 2010 9:37 pm

Discover is fairly forthcoming with credit limit increases, assuming a stellar credit history. I would advise calling them to check if your account qualifies for a credit line increase. Occasionally this can be granted without a hard pull. Give that a try and let us know if it works.

MrAwesome
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Postby MrAwesome » Thu Jun 10, 2010 9:44 am

Will do.

I just paid my balance off completely, should I wait for the next statement to call them or just any time?

Thanks

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Jun 12, 2010 9:42 pm

I would call them now. If you haven't had a credit limit increase in 6 or more months I would be surprised if they don't offer an increase when asked.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

MrAwesome
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Location: Florida

Postby MrAwesome » Sat Jun 12, 2010 10:48 pm

I called, since it's a fairly new account they can't do a limit increase until the end of June but they said "you'll most likely be granted an increase at that time."

Will keep posted.
Thanks for the help.



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