- Gold Member
- Posts: 48
- Joined: Sat Jan 19, 2013 9:06 pm
- Location: NYC
Yup, that's fairly accurate. They routinely gave me increases during school stopping at $3.75K. Frustrated I then called in gave them a wonderful pitch and doubled my balance to $7.5K. But when I signed up my sister with a mid 670 score who was getting nailed on those flimsy store cards, they gave her a whopping $6.5K limit just to start out, to my amazement! And she capitalized on it by transferring those toxic balances and is in much better shape now financially.
I take it, while lenders are out to profit, maybe Discover is really being genuine in giving consumers a second chance in rebuilding their fair credit histories enabling them to get rid of debt via BT and larger CL. Maybe, just maybe.
Discover BT rates and promo offers were life-savers for me during college and tremendously benefited me. Once I realized how powerful they were, literally giving me the time to get my finances in order without getting killed by interest, I became a happy Discover customer.
It's such a shame people don't realize the help BT's provide, carrying balances with obscene interest rates is benign. I just opened the It card and will probably use it till the remainder of the year enjoying the 0% promo apr. Once that expires it'll be back to my everyday Platinum & Sapphire card.
AmEx Platinum 2009 & Blue Cash 2012 $3.5K
BofA BankAmericard 2012 $5K | Chase Sapphire Preferred 2012 $10K & Amazon 2007 $1.5K Slate 2013 $2.2K
Community America Credit Union Platinum 2013 $10K
Discover Cashback 2007 $7.5K & It 2013 $5.5K | Citi Simplicity 2011 $4.4K & Diamond Preferred 2011 $2.4K