- Gold Member
- Posts: 30
- Joined: Tue Apr 16, 2013 1:59 pm
- Location: USA
I don't get it. You opened a Discover two or three years ago with a 5.5k limit - Bigger than your AMEX BCP, your Chase Sapphire Preferred, a barclaycard account you opened and closed, et cetera. You then closed the card within a short period of it being open because they didnt increase your credit limit. Then within you opened another discover account - 4.5k limit - but closed that after not even six full months, again because the limit was too low (though it seems competitive with at least some of your other limits) and within a month or two after closing that account, you open another but only get a 3k limit, and then you instantly close it.
I don't see that Discover is the one behaving oddly here. Perhaps you are getting lower limits because you are consistently opening and closing accounts with Discover (and other issuers: you had a Chase Freedom, USBank Cash+ and an AMEX that you opened and closed in short time). Perhaps Discover thinks you are only interested in sign-up bonuses or 0% APR specials or perhaps people who open and close accounts are seen as riskier (even if their FICO is excellent).
As for your idea that discover doesn't "like" people who Pay In Full: While they may love people who pay interest, I am skeptical that they "dislike" customers who pay their bill fully each month (unless perhaps those customers only buy stuff in the 5% rotating categories). I've had discover for many years, I've always paid in full each month (never paid a penny in interest), and I have had no problem getting a competitive credit limit (Discover was my first card to reach 5k limit), an APR reduction (Thankfully APR isnt relevant to me, but I simply called and they reduced it!) and a credit limit increase when my income and spending increased. Perhaps Discover is more friendly toward people who carry a balance than other issuers and perhaps discover is less likely than other issuers to give 10k+ limits. But it is certainly possible to use discover, pay in full each month, and have a credit limit that is more than sufficient for one's spending level.
But I suspect your troubles getting a bigger CL (and again your first Discover limit was 5.5k, greater than Chase Sapphire and Freedom, Barclays, AMEX BCP so I'm not really sure how discover is different in this regard) have less to do with who they "like" and more with your pattern of opening their card and closing it in less than a year. I suspect that if you had kept your 5.5k More card and used it consistently, Discover would have increased your limit had you called and asked. Maybe they would have pulled a credit report. But as you've opened/closed them three times in the last few years and other issues quite often as well, so you don't seem adverse to credit pulls.
Finally, you say you don't "get" how your profile supports only a 3k limit while some other myfico poster has a 6k limit. Perhaps that poster has a bigger stated income or perhaps Discover's algorithms see that you have around 50k in available credit. Perhaps if your income isn't ultra-high Discover is concerned. Perhaps Discover feels customers with a lot of available credit compared to income are riskier customers.
Despite your endless complaints about low Discover limits, your initial 5.5k limit with them is higher than what several other issuers are giving you. And despite your endless complaints that Discover won't "grow" with you, you have closed their card before giving them much chance to increase your limit.
Anyway so what. Discover didn't "wrong" you in any serious way despite your talk of being "galled" and elsewhere of being "insulted." If you dislike the card, simply use another one of your many cards. No big deal. These incessant and hyperbolic posts about Discover are harder to read than the "gardening" posts that draw so much ire.