hockeyplayr wrote:They pulled eq for me. If what I keep reading is true I think they I've higher limits to riskier clients so that they may end up getting interest for the rest of that persons life if they screw up and go nuts
Possibly. The other thing to remember that Discover is sophisticated lender, in it to make money. You make money by lending it to people who pay interest, or who will have a high spend velocity, so even if they pay no interest, drive swipe fees to you. I didn't see a reported income, which would be relevant to the second point.
Also, FICO scores are less relevant to credit card lenders than the obsessives over on that other forum want to believe. FICO is a predictor of how well you paid in the past; there are other indicators that are supposed to do a better job of current and future term default. So you can be a better or worse risk to people looking at those indicators than your FICO indicates.
Also, there's a lot of work in figuring out the quantified risk of a potential customer. If you can reliably work out that you think a particular customer will burn you for $10k, but make you 30K first, he's a better customer than someone who will make you $10K over the same period.
(Of course, I"m sure lots of the stories at fico are made up...)